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Healthy Lifestyle Awareness Driving Walnut Market Growth: Key Factor Driving The Growth In The Walnuts Market
The Walnuts Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Walnuts Market Size During the Forecast Period?
The market size for walnuts has seen significant growth in the past few years. It is projected to increase from $7.66 billion in 2024 to $8.13 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.0%. The robust growth in past years can be linked to the improved consumer knowledge about health and sustainability, the growing appeal of plant-based protein, the expansion of the walnut market, alterations in dietary choices, and heightened globalization.
Predictions indicate a robust expansion of the walnuts market in the coming years, with its worth expected to elevate to $10.13 billion by 2029, at an impressive compound annual growth rate (CAGR) of 5.7%. Factors that might contribute to this growth in the projected period include the predicted socioeconomic development in budding markets, the proliferation of online commerce platforms, alterations in trade contracts and policies, and a growing focus on sustainable and ethically sourced practices. The period is likely to see key trends such as innovative product development, sustainable methods of walnut harvesting, the implementation of regenerative farming techniques, health and wellness fads, and broadened product ranges.
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What Are the High-Growth Segments in the Walnuts Market?
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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What Key Drivers Are Expected to Influence Future Walnuts Market Growth?
The increasing consciousness about maintaining a healthy lifestyle is anticipated to boost the walnuts market in the future. A wholesome lifestyle signifies a living approach that incorporates practices and habits aimed at enhancing physical, mental, and emotional wellness. The escalation in consciousness about healthy lifestyles comes from growing access to information, increasing worries about chronic diseases, and an expanding focus on preventative healthcare methods. Walnuts, loaded with omega-3 fatty acids and antioxidants, can foster heart health and reduce inflammation, making them a healthful component to balanced diet and plant-based lifestyles. For example, in May 2022, based on an online survey involving 1,005 Americans aged 18 to 80 orchestrated by the International Food Information Council, a non-profit organization located in the US, 52% of respondents adhered to a specific diet or eating pattern, a rise from 39% in 2021. Moreover, the most prevalent diets or eating patterns include clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). Consequently, the surge in consciousness about healthy lifestyles is fueling the expansion of the walnuts market.
Which Companies Hold the Largest Share Across Different Walnuts Market Segments?
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 Trends Are Driving Growth in The Walnuts Market?
Major players in the walnuts industry are shifting their focus towards creating walnut-based protein supplements like Black Walnut Protein Powder in order to cater to the growing demands for nutritious and eco-friendly food options. Black Walnut Protein Powder is a high-end supplement derived from sustainably collected and processed black walnuts from native trees in North America. To illustrate, Surthrival Ltd., a US company specializing in regenerative food materials, released the Black Walnut Protein Powder in January 2023, which is a plant-based protein powder gathered from the wild. The Black Walnut Protein Powder is processed using a carbon dioxide extraction method, ensuring its purity and quality by preventing contact with harmful substances such as pesticides, herbicides, and fertilizers.
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What Are the Emerging Geographies for The Walnuts Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Walnuts Market?
2. What is the CAGR expected in the Walnuts Market?
3. What Are the Key Innovations Transforming the Walnuts Industry?
4. Which Region Is Leading the Walnuts Market?
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