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Global Walnut Market Driven By Growing Consciousness About Healthy Life: Research Predict 4.1% CAGR through 2025
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Forecast Assumptions and Market Dynamics
As per the study evaluations, the global walnuts market is expected to register a CAGR of 4.1% during the forecast period. Also, revenue generated from walnuts market was valued at around US$6197.1 mn by the end of 2017, which are further expected to be valued at approximately US$8534.5 mn by the end of 2025.
About Walnut, it has been stated that these are perhaps the most famous tree nut of all and have been named the "Healthiest of all Nuts". At present, increasing walnut demand and usage in various industrial sectors like food, pharmaceuticals, personal care and cosmetics as an ingredient are some of the important factors that are expected to drive the growth of the global walnut market over the forecast period. The market is also expected to continue being amplified by rising demand for convenience food, innovation in packaging, and expanding population who are willing to pay a premium for healthy fruits.
In terms of geography, the market in Asia Pacific and Europe is expected to lead over the forecast period. This is because of the large consumer base using walnut as a snack. The market has been further analyzed on the basis of category, product type, form, nature, and end use. On the basis of product type, the walnuts market is segmented into black and English walnuts. Nature of walnuts includes organic and conventional. On the basis of walnut, the shelled walnuts are expected to lead the global market till 2025.
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Above all, company profiles of the market participants are deliberated in the final chapters of the report. This information is merged with awareness about recent developments achieved by these market participants. Key players in the global Walnuts market includes Grimo Nut Nursery, Alpine Pacific Nut, Grower Direct Nut Co. Inc, Synder’s Lance ,Inc., Guerra Nut Shelling Company, Poindexter Nut Company, Andersen Shelling Inc, Webster Limited, California Walnut Company, Royal Saffron Company, Haleakala Walnut Shelling Inc, Mariani Nut Company Inc, Kashmir Walnut Group, Morada Produce Company L.P., Gold River Orchards, Borges India Private Limited, Empire Nut Company, LLC, Mid Valley Nut, Plantabul Ltd., Agromillora Group, Crain Walnut Shelling Inc, Pepinoix, Sacramento Valley Walnut Growers LLC.
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