Analysts at GMI Research estimates that the Walnut Market is estimated to grow at a remarkable CAGR over the forecast period, 2022-2029

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Market Dynamic

Key Drivers and Emerging Trends

Increasing adoption of walnuts as an ingredient in the food processing industry to produce confectionery items, nut butter, and bakery products is a standalone factor fueling the walnut market growth. Also, with the growing incidences of chronic diseases such as diabetes, cardiovascular diseases, and obesity have inclined consumers towards healthier food options, which will drive the market size. The growing awareness about the skin, hair, and health benefits of walnuts have augmented their application in various food items which include beef jerky snacks, ready-to-eat meals, savory dishes, traditional sweets, etc., propelling the market share. Other factors including rising population, increasing per capita consumption of walnuts, innovation in packaging, growing need for convenience foods due to hectic lifestyle, and increasing inclination to spend more money on nutritious and high-quality foods are projected to expand the market growth over the upcoming years. The overall production of walnut in 2021 exceeded 1 million metric ton mark, amounting to 1,022,030, 10% more than the previous season. Furthermore, increasing adoption of walnuts in the cosmetics, pharmaceuticals, and personal care end-use industry verticals, and product commercialization will pave the way for market.

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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 2021 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 Revenues (2021)	USD Million
Market Base Year	2021
Market Forecast Period	2022-2029
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)
    • By Nature
    • By Type
    • By End-Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Walnut Market (Option 2: As a part of the free 25% customization)
    • By Nature
    • By Type
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Walnut Market (Option 3: As a part of the free 25% customization)
    • By Nature
    • By Type
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Walnut Market (Option 4: As a part of the free 25% customization)
    • By Nature
    • By Type
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) 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.