Major Market Shift in Walnuts Industry: Innovation in The Walnut Market With Walnut-Based Protein Supplements

What Is the Forecasted Market Size and Growth Rate for the Walnuts Market?
In the past few years, the walnuts market has seen robust growth. The market, which is predicted to expand from $7.66 billion in 2024 to $8.13 billion in 2025, will boast a compound annual growth rate (CAGR) of 6.0%. Factors such as the growing consciousness of consumers about health and sustainability, the surge of plant-based protein popularity, broadening of the walnut market, shifts in eating habits, and heightened globalization contributed to the growth seen in the historical period.

Anticipations point to a robust increase in the walnuts market size in the subsequent years. The market is projected to prosper at a compound annual growth rate (CAGR) of 5.7%, reaching a valuation of $10.13 billion by 2029. Factors propelling this growth encompass expected economic advancements in blossoming markets, the inflation of e-commerce platforms, alterations in trade policies and norms, and heightened focus on sustainable and morally conscious sourcing methods. The forecast period will bear witness to predominant trends such as innovative product offerings, sustainable walnut cultivation techniques, adoption of restorative farming practices, focus on health and wellness, and broadening of product arrays.

What Factors Are Propelling the Expansion of the Walnuts Market?
Anticipations for the growth of the walnuts market are high due to the increased attention paid to healthy living habits. Healthy lifestyles, encompassing actions and routines enhancing physical, emotional, and mental well-being, have been propelled by greater availability of information, concern over chronic illnesses, and a focus on proactive healthcare strategies. Walnuts, packed with omega-3 fatty acids and antioxidants, help enhance cardiac health and alleviate inflammation, thereby proving to be a valuable asset to balanced diets and plant-based food practices. For example, an online survey conducted in May 2022 by the International Food Information Council, an American non-profit group, involving 1,005 participants aged between 18 to 80, indicated that 52% of respondents adhered to specific diets or dietary habits, an increase from the 39% recorded in 2021. The most favoured dietary or eating styles included clean eating (16%), mindful eating (14%), caloriecounting (13%), and plant-based consumption (12%). Hence, the heightened recognition of healthy living habits is contributing to the expansion of the walnuts market.

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Which Businesses Are at the Forefront of Walnuts Market Development?
Major companies operating in the walnuts market report are Olam Group; John B. Sanfilippo And Son Inc.; Borges International Group; Sierra Cascade Nut Company; Mariani Nut Company Inc.; Webster Limited; Poindexter Nut Company; Grower Direct Nut Co. Inc.; Morada Produce Co LP; Crain Walnut Shelling Inc.; Alpine Pacific Nut Company; Andersen and Sons Shelling Inc.; Mid Valley Nut Co Inc.; Agromillora Group; Sacramento Valley Walnut Growers LLC; Guerra Nut Shelling Company; Kashmir Walnut Group; Empire Nut Company LLC; Stewart And Jasper Orchards; Valley Harvest Nut Company; GoldRiver Orchards Inc.; Montna Farms

What Are the Latest Innovations in the Walnuts Market?
Top firms in the walnuts market, such as Surthrival Ltd., are emphasizing the formulation of walnut-based protein supplements like Black Walnut Protein Powder to cater to the surging demand for healthy and eco-friendly food options. Procured from sustainably collected and processed black walnuts from indigenous North American trees, the Black Walnut Protein Powder is a high-quality supplement. In January 2023, Surthrival Ltd, a company based in the US renowned for its regenerative food products, introduced this plant-based protein powder made from wild foraged black walnuts. The extraction process for creating the Black Walnut Protein Powder involves the use of carbon dioxide, ensuring its purity and high-quality by preventing contact with harmful substances like pesticides, fertilizers or herbicides.

How Is the Walnuts Market Segmented?
The walnuts market covered in this report is segmented -

1) By Product: Black Walnuts, English Walnuts
2) By Nature: Organic, Conventional
3) By Category: In Shell Walnuts, Shelled Walnuts
4) By End-User: Household, Industrial, Food Industry, Personal Care And Cosmetics, Pharmaceuticals

Subsegments:
1) By Black Walnuts: Whole Black Walnuts, Shelled Black Walnuts, Black Walnut Kernels
2) By English Walnuts: Whole English Walnuts, Shelled English Walnuts, Walnut Halves, Chopped English Walnuts

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Where Is the Walnuts Market Growth Most Prominent?
Asia-Pacific was the largest region in the walnuts market in 2024. The regions covered in the walnuts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Walnuts Global Market Report?

- Market Size Analysis: Analyze the Walnuts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Walnuts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Walnuts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Walnuts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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