Global Walnut Market Witnesses Remarkable Growth Fueled by Rising Health-Conscious Consumer Demand

In a recent report, the Global Walnut Market has showcased a robust performance, reaching a valuation of US$ 7.53 billion in 2022. The market is expected to exhibit a commendable Compound Annual Growth Rate (CAGR) of 5.15%, reaching a projected value of almost US$ 10.71 billion by 2029. This comprehensive analysis provides valuable insights into the market dynamics, driving forces, and regional trends shaping the walnut industry.

Report Scope and Research Methodology

The report's scope encompasses a thorough analysis of the industry, with 2022 considered as the base year. Real market numbers and outputs from key players globally are incorporated into the report, utilizing a meticulous research methodology. The study analyzes the past five years' trends to project market growth from 2023 to 2029, considering the impact of COVID-19 and various external and internal factors.

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Market Dynamics and Drivers

The global walnut market is experiencing robust growth, propelled by an increasing consumer inclination towards nutritious food products and ingredients for a healthier lifestyle. The rising demand for convenience foods, packaging innovations, and a growing population willing to invest in premium, nutritious fruits are significant factors contributing to market expansion.

Walnuts, known for their high nutrient content, offer a plethora of health benefits, including reduced inflammation and a lowered risk of heart disease. The market is witnessing heightened consumption owing to these health attributes, coupled with their applications in a variety of baked goods and the cosmetic industry for skincare treatments.

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Segment Analysis

by Product Type

Black walnuts
English walnuts

The market is subdivided into two sections: English Walnuts and Black Walnuts, based on the type of product. Black walnuts are probably going to be the industry with the fastest growth rate over the projected timeframe. Compared to English walnuts, black walnuts have more antioxidants, polyunsaturated fatty acids, and other health-promoting ingredients, which makes them a better option for preventing diabetes, heart disease, and cancer.

by Nature

Organic
Conventional

by Category

In Shell Walnuts
Shelled Walnuts

by End-Use

Food & beverages
Pharmaceuticals
Personal Care & Cosmetics
Household

The market is further divided into food processing, pharmaceuticals, personal care & cosmetics, and household based on end use. The market was dominated by the food processing sector. Walnuts that are traded globally are increasingly being used as an ingredient in processed meals, chocolate, confectionery, baking, and other industries. Because of their nutritional content, walnuts are utilized in ready-to-eat meals, snacks, and beef jerky, among other things. In addition to baked goods, walnuts are utilized in savory recipes, traditional treats, and local eateries. In recent years, the adaptability of walnuts as an ingredient has improved due to the rising international trade of walnuts as a commodity. The fact that walnuts are used in drinks, cereal for breakfast, and home baking makes this clear.

by Form

Raw
Processed

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Regional Insights

Asia Pacific: Expected to hold the largest market share during the forecast period, the region benefits from the increasing middle-class population, rising internet usage, and growing awareness of healthy food choices. China plays a pivotal role in driving consumption and production, accounting for over 36% of global walnut consumption.

Europe: Projected to generate the highest CAGR, Europe is witnessing increased walnut consumption driven by a health-conscious population. The region's rising demand for walnuts in pharmaceuticals and as snacks contributes to market growth.

Key Players

1 Crain Walnut Shelling Inc
2 Empire Nut Company, LLC
3 Guerra Nut Shelling Company
4 Grower Direct Nut Co. Inc
5 Morada Produce Company L.P.
6 Haleakala Walnut Shelling Inc
7 Agromillora Group
8 Alpine Pacific Nut
9 California Walnut Company
10 Borges India Private Limited
11 Gold River Orchards
12 Kashmir Walnut Group
13 Mid-Valley Nut
14 Royal Saffron Company

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Table of content for the Walnut Market includes:

Part 01: Executive Summary

Part 02: Scope of the Walnut Market Report

Part 03: Global Walnut Market Landscape

Part 04: Global Walnut Market Sizing

Part 05: Global Walnut Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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