Walnut Market It Is Expected To Attain The Total Market Size Of USD 9.5 Billion By Registering CAGR Of 4.5% Till 2027

Introduction to Walnut

It is the round shaped single seeds which are available in two different forms. It is a nutrient dense with high protein content. The walnuts require essential storage conditions in order to stop the fungal infections. The nutritional content of the walnut includes water, protein, fat, carbohydrates and dietary fiber.

The walnut is also used for the salad dressings and can also be used for the frying. The various products of walnut such as walnut cake, walnut chip and coffee. Additionally, the non-food applications of the walnut are folk medicine, cleaning of the aviation parts and dyes. The consumption of walnut has various health benefits.

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Market Size and Forecast

The global walnut market is witnessing robust growth on the account of rising disposable income of the population coupled with the increasing consumption of the walnut. Additionally, the changing lifestyle is also increasing the consumption of the walnut across the globe. The growing awareness about the benefits associated with the consumption of walnut is anticipated to drive the growth of the global walnut market during the forecast period.

The walnut market is anticipated to expand at a CAGR around 4.5% during the forecast period. It is expected to attain the total market size of USD 9.5 billion by 2027. The walnut market is expected to showcase a vibrant growth by the end of the forecast period. The market can be segmented on the basis of product type, nature, form, category and end-use. On the basis of product type, it is sub-segmented into black walnuts and english walnuts.

English walnut is anticipated to be the leading sub-segment during the forecast period. On the basis of nature, it is sub-segmented into organic and conventional. The increasing consumer preference towards high consumption of organic walnut is expected to boost the growth of the sub-segment. On the basis of form, it is sub-segmented into raw and processed. On the basis of category, it is sub-segmented into in shell walnuts and shelled walnuts. The high application of the shelled walnuts in various end-

user industries is expected to be the major factor driving the growth of the sub-segment. On the basis of end-use, it is sub-segmented into pharmaceuticals, personal care & cosmetics, household and food industry.

Major Key Players of Global Market:
Andersen Shelling Inc, Agromillora Group, Alpine Pacific Nut, California Walnut Company, Borges India Private Limited, Gold River Orchards, Crain Walnut Shelling Inc, Empire Nut Company, LLC, Guerra Nut Shelling Company, Grower Direct Nut Co. Inc, Morada Produce Company L.P., Haleakala Walnut Shelling Inc, Kashmir Walnut Group, Mid Valley Nut, Royal Saffron Company, Others.

Market Segmentation:
By Product Type, By Nature, By Form, By Category, By End Use, By Regional Analysis, And Major Key Players of Global Market.

Growth Drivers

The various health benefits associated with the walnut is anticipated to increase the demand for the walnut across the globe. The walnut is highly consumed dry fruits after almonds and cashews. The growing awareness among the consumer regarding the various health benefits associated with the walnuts is increasing the demand for the walnut across the globe.

The growing disposable income of the population across the globe is anticipated to increase the spending towards dry fruit. This in turn is anticipated to boost the growth of the overall walnut market during the forecast period.

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