Walnut Market is predicted to grow at a Higher CAGR during 2022-2029 | Size, Share, Growth & Forecast

Walnut Market is estimated to grow at a significant CAGR during the Forecast Period, 2022-2029

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The factors driving the growth of Walnut Market includes rising prevalence of diabetes and cardiovascular diseases, growing awareness about the benefits of consuming walnut products, busy lifestyles, increasing use of walnuts in bakery food items and improvements in the living standards. According to the report published by National Library of Medicine, around 463 million people globally were diagnosed with diabetes in 2019, this figure is estimated to reach 700 million by the end of 2045, which is expected to push the demand for walnut products in the approaching years. Moreover, increasing availability of walnuts products at e-commerce platforms, rise in the launch of innovative products, growing demand for convenient and ready-to-eat food products and rapid urbanization, are some of the additional factors supplementing the Walnut Market size. In addition, the increasing investments by major companies on research and development, rise in the number of Free Trade Agreements (FTAs) signed between Government of different countries and growing population growth rates, are further contributing towards the market growth. 

The major players operating in the Walnut Market includes Morada Produce Company L.P., Poindexter Nut Company, Andersen Shelling Inc., Walnuts Australia, GoldRiver, Alpine Pacific Nut, Grower Direct Nut Company, Inc., California Walnuts, Kashmir Walnut Group and Mariani Nut Company Inc., among others.

Based on Nature, the Organic segment is predicted to grow at a significant CAGR during the forecast period

Organic walnuts help in managing weight, supports healthy digestive system, stimulates mood improves brain signaling and neurogenesis, are some of the key features propelling growth of the segment.

Based on End-Use, the Industrial segment is projected to expand at a robust CAGR over the forecast period

Increasing use of organic walnuts in savory dishes, traditional sweets and rise in the number of bakeries and local restaurants across the globe, are pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period

Presence of the leading players such as Walnuts Australia and Kashmir Walnut Group, rising awareness about the benefits of consuming walnuts, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Market Segmentation

Segmentation by Nature

Organic
Conventional

Segmentation by Type

In Shell
Shelled

Segmentation by End-Use

Household
Industrial
Personal Care & Cosmetics
Pharmaceuticals

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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