Walnut Market is anticipated to grow at a CAGR of 4.4% during forecast period and estimated to reach USD 9,652 Million by 2027.

Introduction of the Walnut Market Report

Walnuts are the round, single-seeded stone fruit that grows from the walnut tree. They are considered a good source of healthful fats, fiber, and protein. They help in improving heart and bone health while maintaining the overall body weight. The global walnut market covers various end-users such as household, industrial, personal care & cosmetics, and pharmaceuticals.

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Market Dynamic

Key Drivers and Emerging Trends

Some of the major factors that are boosting the growth of the global walnut market share include the rising disposable income of the consumers and the growing consumption of walnut by individuals. People are shifting towards the consumption of healthy food products to maintain their overall health. This has encouraged them to opt for food items with nut ingredients such as almonds, cashew, walnut, among others. Moreover, the growing consumer awareness related to the various benefits offered by walnuts, such as rich in antioxidants, acts as a source of Omega-3s, decreases inflammation, and promotes a healthy gut further supports market growth. Certain studies show that the consumption of walnut is likely to decrease the risk of certain cancers such as prostate, breast, and colorectal cancers. In addition to this, there has been an increase in the demand for convenience food products which is further boosting the market growth. According to the FAOASTAT, the total production of in-shell walnuts in China amounted to 2.52 million metric tons for the year 2019. Thus, the increasing production of in-shell walnuts will indirectly surge the demand of the market over the coming years.

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End-Use – Segment Analysis

Based on the end-use, the industrial segment is projected to grow at a higher CAGR during the forecast period. This is mainly attributed to the increasing demand for walnuts in various applications such as in chocolate, nut butter, bakery, confectionery, among other applications. Moreover, walnuts are increasingly used in savory dishes, traditional sweets, and in the local restaurants, which is further propelling the market growth.

Nature – Segment Analysis

Based on the nature, the organic segment is expected to grow at a higher CAGR during the forecast period. The increasing consumer awareness related to the various benefits offered by organic walnuts, such as it improves heart health, manages weight, improves bone health among others is a major factor that is contributing to the market growth. In addition to this, the significant shift in the consumer’s preference towards organic food products is further supporting the market growth.

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Regional – Segment Analysis:

Based on the region, Asia-pacific is expected to dominate the market during the forecast period. The increasing consumption of walnut due to the rising health-consciousness among the consumers is a major factor that is driving the growth of the market. Additionally, the continuous expansion in the processed food industry in various Asian countries is further surging the regional market growth. As per IBEF, India’s food processing sector contributed 32% in the country’s total food market and is one of the largest industries in India.

Top Market Players

Various notable players operating in the market, include GoldRiver, Alpine Pacific Nut, Grower Direct Nut Company, Inc., Poindexter Nut Company, Andersen Shelling Inc., Walnuts Australia, California Walnuts, Kashmir Walnut Group, Mariani Nut Company Inc., and Morada Produce Company L.P., among others.

Segments covered in the Report:

The global Walnut market has been segmented on the basis of Nature, Type, End-Use, and regions. Based on Nature, the market is segmented into Organic and Conventional. Based on Type, the market is segmented into In Shell and Shelled. Based on End-Use, the market is segmented into Household, Industrial, Personal Care & Cosmetics, and Pharmaceuticals. 

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Key questions answered in this research report:

• • At what pace is global Walnut market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Walnut market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Walnut market?
  • Which Nature generated maximum revenues in 2019 and identify the most promising Nature during the forecast period?
  • What are the various Type areas of global Walnut market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 9,652 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Nature, By Type, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	GoldRiver, Alpine Pacific Nut, Grower Direct Nut Company, Inc., Poindexter Nut Company, Andersen Shelling Inc., Walnuts Australia, California Walnuts, Kashmir Walnut Group, Mariani Nut Company Inc., and Morada Produce Company L.P., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Walnut Market by Nature

• • Organic
  • Conventional

Global Walnut Market by Type

• • In Shell
  • Shelled

Global Walnut Market by End-Use

• • Household
  • Industrial
  • Personal Care & Cosmetics
  • Pharmaceuticals

Global Walnut Market by Region

• • North America Walnut Market (Option 1: As a part of the free 25% customization)
    • North America Walnut Market by Nature
    • North America Walnut Market by Type
    • North America Walnut Market by End-Use
    • US Walnut Market All-Up
    • Canada Walnut Market All-Up
  • Europe Walnut Market (Option 2: As a part of the free 25% customization)
    • Europe Walnut Market by Nature
    • Europe Walnut Market by Type
    • Europe Walnut Market by End-Use
    • UK Walnut Market All-Up
    • Germany Walnut Market All-Up
    • France Walnut Market All-Up
    • Spain Walnut Market All-Up
    • Rest of Europe Walnut Market All-Up
  • Asia-Pacific Walnut Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Walnut Market by Nature
    • Asia-Pacific Walnut Market by Type
    • Asia-Pacific Walnut Market by End-Use
    • China Walnut Market All-Up
    • India Walnut Market All-Up
    • Japan Walnut Market All-Up
    • Rest of APAC Walnut Market All-Up
  • RoW Walnut Market (Option 4: As a part of the free 25% customization)
    • RoW Walnut Market by Nature
    • RoW Walnut Market by Type
    • RoW Walnut Market by End-Use
    • Brazil Walnut Market All-Up
    • South Africa Walnut Market All-Up
    • Saudi Arabia Walnut Market All-Up
    • UAE Walnut Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Walnut Market All-Up

Major Players Operating in the Walnut (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • GoldRiver
  • Alpine Pacific Nut
  • Grower Direct Nut Company, Inc.
  • Poindexter Nut Company
  • Andersen Shelling Inc.
  • Walnuts Australia
  • California Walnuts
  • Kashmir Walnut Group
  • Mariani Nut Company Inc.
  • Morada Produce Company L.P.