Macadamias value up 72 percent

09 August 2018  Read: 514

 

Nuts, and their health benefits, are widely understood. The 60% rise in global tree nut consumption is testament that people are eating more and more of them. In increasingly different ways as the food sector continues to innovate. Unique for their taste and health benefits, growth in demand for macadamias specifically has been outstanding. 112% more have been exported around the world over the last ten years.

“With a better handle on the distinct qualities of macadamias, together with a collective consciousness from consumers and our customers, we have experienced burgeoning appetite in all markets around the globe. And this is exciting for our business,” shares Brian Loader, CEO, Green & Gold Macadamias. Green & Gold is Green Farms Nut Company’s marketing division.  

Originating from northeastern Australia and first commercialised in Hawaii, they represent only 1% of the tree nut collective. This has tended to position the nut as a delicacy. With huge expansion in available supply this looks set to change. (Almonds represent 30%, walnuts 21%, cashews 19%, pistachios 14%, hazels 12%, pecans 3%, macadamias 1% and brazils and pines less than 1% of the tree nut basket.)
Growing from a relatively small base, the challenge has been to garner enough industry muscle to bring to the fore what makes macadamias so special. Recent research demonstrates that macadamias are, amongst others:

Highest levels of monounsatura-ted fat (the good fat) of all nuts.
High in omega 7.
High in Palmitoleic Acid, well known to the cosmetic industry, is an anti-ageing agent.
Beneficial to weight control and endothelial function .
Help with insulin regulation, cholesterol and cardiovascular health.

“As trends like veganism, eating orga-nic and preserving the environment continue to gain momentum we anticipate further expansion of the macadamia industry. This is especially prevalent in the ingredients sector. Green & Gold is well positioned not only to sell product of the highest standard, but also customise to specifications and give input into and share insights with our custo-mers,” continues Loader.

This is strongly supported when viewed alongside the multi-billion dollar market value of all tree nuts. For example, the 2017 / 2018 supply value (estimated as the tree nut production per its unitary price, customs paid upon arrival) in Europe alone was $42 million. This is 36% up when compared over the last ten years.

Outstanding within this is the market value for macadamias specifically which is up 72%. Expect to see more macadamias in milks, butters, nut mix drinks, vegan cheeses and as an ingredient in a host of other new products.

Macadamia oil is sold mostly into the cosmetic industry for its value to the beauty industry and anti-ageing properties, however increasingly it’s being used in cooking (together with avocado oil, it has the highest smoke point of all oils) and other food applications.

The largest consumers of maca-damia kernel are Australia and North America, which together make roughly 50%. Followed by Europe, notably the Netherlands, Germany, the UK, Switzerland and Spain. In Asia, and especially China, the nut is eaten in the shell, and this market consumes the vast majority of in-shell product.

“We are gearing our business to continue to support this market and have a strong base of loyal customers. Our longevity in the industry affords deep market knowledge. Our network of processors, in a number of major growing regions, enables agility and supply security to respond to market demands,” concluded Loader.

The global crop is set to double over the next four years from 211 000 mt tonnes in-shell in 2018 to 400 000 in 2022. South Africa is the world leader in macadamia production with 54 000 mt tonnes in-shell produced this year. Followed by Australia at 44 500 and Kenya at 32 500.

 
 
 
 

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