Walnut Market

Walnut Market Size, Growth, Forecast (2023-2028)

The Global Walnut Market size is valued at US$ 6524 Million in 2022 and is anticipated to increase at US$ 9700 Million by 2028, with a growing CAGR 5.15 % of in the next six years.

Global Walnut Market Scenario:

The Persian or English walnut, English walnut tree, could be a nutritious nut produced by the tree genus Juglans (Family Juglandaceae). Walnut is employed to form nut pickles or nutmeat when it's ripened. It contains way healthier omega-3 fats and promotes antioxidant activity than the other nut, and it aids within the reduction of harmful cholesterin. Walnuts' high nutritional content includes a number of health advantages, including decreased inflammation and reduced heart condition risk factors. Walnut may be a high-quality, natural commodity with considerable health advantages for a range of sectors and civilizations across the planet. Walnut has several skin, hair, and health advantages additionally to its diverse dietary uses. Nuts are consumed by many of us across the globe thanks to their excellent nutritional profile, which incorporates polyunsaturated and mono saturated fats, both of which lower blood cholesterol. Nuts also are abundant in fiber, protein, vitamins, and minerals including foliate, vitamin E, potassium, and magnesium, which are all missing in many people's diets. Walnuts are commonly employed in a range of baked items. Walnut encompasses a wide selection of skin, hair, and health advantages, still as a large range of culinary uses. Walnuts are well-known for promoting glowing skin, strong hair, and a healthy physique. Walnut is used in a very kind of hair and skin care treatments to extend its quality.

Recent developments in Walnut Industry:

• 20th March, 2022: In the Karnah division of Jammu and Kashmir's Kupwara region, which is noted for its walnuts around the world, the Indian Army has built a walnut processing factory. The processing plant's machinery will package and brand the walnuts, allowing local farmers to earn better prices for their produce.

REPORT COVERAGE:

Global Walnut Market Drivers:

As consumers' inclination to live a healthy lifestyle rises, the key driver expected to fuel the growth of the global walnut market is an increase in the consumption of nutritious food ingredients and food products. The global walnut market is expected to be driven by increased demand for walnuts in the personal care and cosmetics sectors due to their nutritious value. Walnut demand is expected to rise due to population growth, increased demand for convenience meals, and customer willingness to spend more money on healthy and high-quality goods. Furthermore, rising infrastructure development, product commercialization, and greater usage of walnut in the personal care and cosmetics industry are expected to drive market growth. Vertical integration, on the other hand, acts as a market barrier. Walnuts are increasingly being utilized as an ingredient in industries such as baking, confectionery, chocolate, nut butter, and other processed foods. Due to their nutritional content, walnuts are also utilized in beef jerky snacks, ready-to-eat meals, and other products. Walnuts are employed in savory meals, regional specialties, and local eateries in addition to baking. In recent years, growing worldwide commerce of walnuts as a commodity has boosted walnuts' flexibility as an ingredient. Walnuts are used in drinks, breakfast cereals, and home baking to demonstrate this. Furthermore, government agencies and other commercial companies are increasing consumer awareness of the health advantages of edible nuts such as walnuts, almonds, pistachios, and hazelnuts, resulting in market growth. Furthermore, increased walnut demand and use as an ingredient in different industrial sectors such as food, medicines, personal care, and cosmetics are expected to propel the global walnut market forward during the projected period.

Global Walnut Market Restraints:

The restraining factors that are limiting the growth of the market are, the shortage of vertical integration among walnut and products makers. This has also raised the price of walnuts that reach customers after passing through several processing facilities. Another possible constraint of the Walnuts market would be that walnut growing is surrounded by criteria that are necessary for the plant's survival.

Global Walnut Market Segmentation Analysis:

By Product Type:

• Black Walnuts
• English Walnuts

Based on product type, the global walnut market is divided into black walnut and English walnut. The fastest-growing sector is anticipated to be black walnuts. The black walnut is a deciduous tree native to North America that belongs to the walnut family, Juglandaceae. From southern Ontario to southeastern South Dakota, down to Georgian, north of Florida, as well as southwestern towards central Texas, it grows primarily in riparian zones. Black walnuts offer more polyunsaturated fatty acids, antioxidants, as well as other health-promoting compounds than English walnuts, making it a great choice for cancer, heart disease, and diabetes prevention.

By Nature:

• Organic
• Conventional

Based on nature, the global walnut market is divided into organic and conventional. Due to a rising number of customers ready to pay a premium for organic products, the organic industry is predicted to grow considerably throughout the projection period. Protein and antioxidants abound in these foods. They're great for snacking, baking, and salads because they're both tasty and healthful. Antioxidants and omega-3 fatty acids are abundant in walnuts.

By End-User:

• Household
• Industrial
• Pharmaceuticals
• Food industry

Based on end user, the global walnut market is divided into household, industrial, pharmaceuticals, and food industry. The food industry is said to be the most considerable with in this segment. Walnuts may be found in a variety of products, including baked goods, beef jerky munchies, ready - to - eat products, and more. Walnuts have long been a part of the food and culture of many cultures. Walnuts are utilized in dairy substitutes, snack bars, appetizers, cereal, protein bars, baked goods, and walnut butters, among other things.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

The Global Walnut Market Report includes the segmentation of Regions:

The Walnut market in Asia Pacific is expected to keep the greatest position in the worldwide Walnut industry. Chinese customers consume the majority of walnuts in the region. Walnut consumption per capita in China is also increasing year after year, having climbed 10.5 times in the previous years. Domestic production meets the majority of demand, with the baking and processed food industries accounting for over half of all walnuts consumed in the country. The snacking industry consumes the majority of walnuts.

North America holds second larger share in the global walnut market. Because of the more amount of usage in many things in this region the walnut market is booming in this region. The countries that are helping in the development and growth are United States, Canada, an Mexico.

Europe holds significant share in the global walnut market. the region produces and consumption of walnuts will be increasing in the upcoming years. The countries like United Kingdom, France, Italy, and Germany are helping in the growth of the global walnut market.

Key Players in the Market:

Major Key Players in the Global Walnut Market are:

• Guerra Nut Shelling Company
• Alpine Pacific Nut
• Andersen Shelling Inc.
• Grower Direct Nut Co. Inc
• Poindexter Nut Company
• Webster Limited
• Royal Saffron Company
• Morada Produce Company L.P
• Haleakala Walnut Shelling Inc
• Kashmir Walnut Group