Walnut Market size was valued at USD 6504 Million in 2020 and is projected to reach USD 9702 Million by 2028, growing at a CAGR of 5.15% from 2021 to 2028. Over the course of the projection period, the global market is anticipated to expand extremely quickly. The increased consumption of healthy food items and food ingredients is projected to support the growth of the global market as consumers’ preferences for leading healthy lifestyles develop. Additionally, rising convenience food demand, increased per capita consumption, packaging innovation, and a growing population willing to spend more for nutritious fruits are some of the reasons boosting market growth.
The Juglans tree genus (Family Juglandaceae), notably the Persian or English walnut, Juglans regia, produces , a nutrient-rich nut. Walnut can be used to make nut pickles or, after maturing, nutmeat. It offers more antioxidant activity than any other nut, far better omega-3 fats, and speeds up the process of decreasing harmful LDL cholesterol. Numerous health advantages high nutrient content include decreasing risk factors for heart disease and decreased inflammation.
Market Overview:
As consumers’ inclination to lead healthy lifestyles increases, it is projected that an increase in consumption of nutrient-dense food ingredients and food products will propel the expansion of the global market. Due to its nutritious significance in the personal care and cosmetics industries, demand is predicted to increase globally. The demand is rising as a result of rising consumer willingness to spend more money on wholesome and high-quality meals, population expansion, and rising demand for convenience foods.
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Global Walnut Market: Major Players
Morada Produce Company L.P.
Anderson Shelling
Haleakala Walnut Shelling Inc
Mid Valley Nut
Agromillora Group
Empire Nut Company, LLC
Crain Walnut Shelling Inc
Alpine Pacific Nut
Grower Direct Nut Co. Inc
Guerra Nut Shelling Company
Royal Saffron Company
California Walnut Company
Borges India Private Limited
Kashmir Walnut Group
Poindexter Nut Company
Gold River Orchards
Global Walnut Market: Types
Raw
Processed
Global Walnut Market: Applications
Household
Industrial
Food Industry
Snacks and Spreads
Sauces and Dressings
Bakery and Confectionary
Desserts
Personal Care and Cosmetics
Pharmaceuticals
Global Walnut Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Walnut market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Takeaways
• Asia-Pacific held the largest market share in 2023, owing to the growing urbanization and changing consumer lifestyles that are driving up the demand. North America is estimated to grow the fastest during the forecast period of 2023-2032, owing to the rising cases of cardiovascular diseases in the region.
• The growing consumer demand for processed food products is driving growth in the market.
• As consumers become more health conscious, they are consuming more in their daily lives. This boosts the Market since it lowers the risk of heart disease and high blood pressure.
• A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Market Report.
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Research Methodology:
• The study was conducted using an objective combination of primary and secondary information including inputs and validations from real-time industry experts.
• The proprietary process culls out necessary data from internal databases developed over 15 years and updated accessing 10,000+ sources on daily basis including Industry associations, organizations, publications, trade, and other statistical sources.
• An in-depth product and revenue analysis are performed on top industry players along with their business and geography segmentation.
• Receive primary inputs from subject matter experts working across the value chain in various designations. We often use paid databases for any additional data requirements or validations.
• In-house experts utilizing sophisticated methods including data triangulation, will connect the dots and establish a clear picture of the current Market conditions, market size, and market shares.
• We study the value chain, parent and ancillary markets, technology trends, recent developments, and influencing factors to identify demand drivers/variables in the short, medium, and long term.
• Various statistical models including correlation analysis are performed with careful analyst intervention to include seasonal and other variables to analyze different scenarios of the future Market in different countries.
