The global walnut market size reached US$ 8.4 Billion in 2023. Looking forward, the market is projected to reach US$ 12.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.42% during 2023-2032.
Walnuts refer to large, round, and wrinkled edible seeds that belong to any of the deciduous trees of the Juglandaceae family. They are a good source of healthy omega-3 fats, antioxidants, and essential nutrients, such as fibers, proteins, carbohydrates, calcium, iron, sodium, phosphorous, and manganese. Walnuts help improve bone and brain health, prevent cardiovascular disorders and cancer, minimize the risk of gallbladder disease, reduce cholesterol levels, and aid in weight management. Due to these health benefits, walnuts are widely consumed as nuts and used in bakery products and to make walnut oil, an expensive culinary oil extensively utilized in salad dressings.
Additionally, there has been a significant shift toward a healthy lifestyle due to the high prevalence of chronic diseases, such as obesity, diabetes, and cardiovascular diseases (CVDs). This, in confluence with the growing awareness regarding the high nutritional content and health benefits of walnuts among the masses, is catalyzing the product demand.
Furthermore, the widespread adoption of walnuts in the cosmetics and personal care industry and the increasing product usage in traditional sweets, savory items, and other ready-to-eat (RTE) meals are propelling the market growth. Other factors, including the rising demand for convenience foods, inflating consumer expenditure capacities, and the emerging trend of healthy snacking, are also creating a positive market outlook.
2. What is the expected growth rate of the global walnut market during 2024-2032?
3. What has been the impact of COVID-19 on the global walnut market?
4. What are the key factors driving the global walnut market?
5. What is the breakup of the global walnut market based on the type?
6. What is the breakup of the global walnut market based on the product?
7. What is the breakup of the global walnut market based on nature?
8. What is the breakup of the global walnut market based on the form?
9. What are the key regions in the global walnut market?
10. Who are the key players/companies in the global walnut market?
Walnuts refer to large, round, and wrinkled edible seeds that belong to any of the deciduous trees of the Juglandaceae family. They are a good source of healthy omega-3 fats, antioxidants, and essential nutrients, such as fibers, proteins, carbohydrates, calcium, iron, sodium, phosphorous, and manganese. Walnuts help improve bone and brain health, prevent cardiovascular disorders and cancer, minimize the risk of gallbladder disease, reduce cholesterol levels, and aid in weight management. Due to these health benefits, walnuts are widely consumed as nuts and used in bakery products and to make walnut oil, an expensive culinary oil extensively utilized in salad dressings.
Walnut Market Trends
As walnuts offer numerous skin, hair, and health benefits, the escalating demand for healthy and nutritious food products represents the primary factor driving the market growth. Besides this, the rising consumption of walnuts as an ingredient in the food processing industry to manufacture nut butter, confectionery, chocolates, and bakery products is another major growth-inducing factor.Additionally, there has been a significant shift toward a healthy lifestyle due to the high prevalence of chronic diseases, such as obesity, diabetes, and cardiovascular diseases (CVDs). This, in confluence with the growing awareness regarding the high nutritional content and health benefits of walnuts among the masses, is catalyzing the product demand.
Furthermore, the widespread adoption of walnuts in the cosmetics and personal care industry and the increasing product usage in traditional sweets, savory items, and other ready-to-eat (RTE) meals are propelling the market growth. Other factors, including the rising demand for convenience foods, inflating consumer expenditure capacities, and the emerging trend of healthy snacking, are also creating a positive market outlook.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global walnut market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on type, product, nature, form, and end use.Breakup by Type:
- In-shell
- Shelled
Breakup by Product:
- Persian or English Walnut
- Black Walnut
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Raw
- Processed
Breakup by End Use:
- Household
- Industrial
- Personal Care and Cosmetics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agromillora Group, Alpine Pacific Nut Company, Andersen and Sons Shelling Inc., Crain Walnut Shelling Inc, Empire Nut Company LLC, GoldRiver Orchards Inc., Grower Direct Nut Co. Inc., Guerra Nut Shelling Co Inc, Haleakala Walnut Shelling Inc., Kashmir Walnut Group and Poindexter Nut Company.Key Questions Answered in This Report
1. What was the size of the global walnut market in 2023?2. What is the expected growth rate of the global walnut market during 2024-2032?
3. What has been the impact of COVID-19 on the global walnut market?
4. What are the key factors driving the global walnut market?
5. What is the breakup of the global walnut market based on the type?
6. What is the breakup of the global walnut market based on the product?
7. What is the breakup of the global walnut market based on nature?
8. What is the breakup of the global walnut market based on the form?
9. What are the key regions in the global walnut market?
10. Who are the key players/companies in the global walnut market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Walnut Market
6 Market Breakup by Type
7 Market Breakup by Product
8 Market Breakup by Nature
9 Market Breakup by Form
10 Market Breakup by End Use
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Agromillora Group
- Alpine Pacific Nut Company
- Andersen and Sons Shelling Inc.
- Crain Walnut Shelling Inc
- Empire Nut Company LLC
- GoldRiver Orchards Inc.
- Grower Direct Nut Co. Inc.
- Guerra Nut Shelling Co Inc
- Haleakala Walnut Shelling Inc.
- Kashmir Walnut Group
- Poindexter Nut Company.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 8.4 Billion |
| Forecasted Market Value ( USD | $ 12.4 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
