Introduction to Walnut
It is the round shaped single seeds which are available in two different forms. It is a nutrient dense with high protein content. The walnuts require essential storage conditions in order to stop the fungal infections. The nutritional content of the walnut includes water, protein, fat, carbohydrates and dietary fiber.
The walnut is also used for the salad dressings and can also be used for the frying. The various products of walnut such as walnut cake, walnut chip and coffee. Additionally, the non-food applications of the walnut are folk medicine, cleaning of the aviation parts and dyes. The consumption of walnut has various health benefits.
Market Size and Forecast
The global walnut market is witnessing robust growth on the account of rising disposable income of the population coupled with the increasing consumption of the walnut. Additionally, the changing lifestyle is also increasing the consumption of the walnut across the globe. The growing awareness about the benefits associated with the consumption of walnut is anticipated to drive the growth of the global walnut market during the forecast period.
The walnut market is anticipated to expand at a CAGR around 4.5% during the forecast period. It is expected to attain the total market size of USD 9.5 billion by 2027. The walnut market is expected to showcase a vibrant growth by the end of the forecast period. The market can be segmented on the basis of product type, nature, form, category and end-use. On the basis of product type, it is sub-segmented into black walnuts and english walnuts.
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English walnut is anticipated to be the leading sub-segment during the forecast period. On the basis of nature, it is sub-segmented into organic and conventional. The increasing consumer preference towards high consumption of organic walnut is expected to boost the growth of the sub-segment. On the basis of form, it is sub-segmented into raw and processed. On the basis of category, it is sub-segmented into in shell walnuts and shelled walnuts. The high application of the shelled walnuts in various end-
user industries is expected to be the major factor driving the growth of the sub-segment. On the basis of end-use, it is sub-segmented into pharmaceuticals, personal care & cosmetics, household and food industry.
Growth Drivers
Health benefits associated with consumption of the walnut
The various health benefits associated with the walnut is anticipated to increase the demand for the walnut across the globe. The walnut is highly consumed dry fruits after almonds and cashews. The growing awareness among the consumer regarding the various health benefits associated with the walnuts is increasing the demand for the walnut across the globe.
Increasing disposable income
The growing disposable income of the population across the globe is anticipated to increase the spending towards dry fruit. This in turn is anticipated to boost the growth of the overall walnut market during the forecast period.
Restraints
High Cost of the walnut
The high cost associated with the walnut is anticipated to restrain the growth of the overall walnut market during the forecast period. Additionally the cultivation problems associated with the walnut is also expected to hinder market growth during the forecast period.
Market Segmentation
Our-in depth analysis of the global walnut market includes the following segments:
By Product Type
- Black walnuts
- English walnuts
By Nature
- Organic
- Conventional
By Form
- Raw
- Processed
By Category
- In shell walnuts
- Shelled walnuts
By End Use
- Pharmaceuticals
- Personal care & cosmetics
- Household
- Food industry
By Region
On the basis of regional analysis, global walnut market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific is anticipated to lead the overall market during the forecast period. The high cultivation of the walnut in the region leads to the increased consumption of the walnut .This in turn is anticipated to boost the growth of the overall walnut market. North America is anticipated to showcase vibrant growth during the forecast period. The increasing disposable income of the population in the region coupled with the high export of the walnut from the region is anticipated to be the major reason for the growth of the overall walnut market during the forecast period.
Global walnut market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Top Featured Companies Dominating The Market
- Andersen Shelling Inc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Agromillora Group
- Alpine Pacific Nut
- California Walnut Company
- Borges India Private Limited
- Gold River Orchards
- Crain Walnut Shelling Inc
- Empire Nut Company, LLC
- Guerra Nut Shelling Company
- Grower Direct Nut Co. Inc
- Morada Produce Company L.P.
- Haleakala Walnut Shelling Inc
- Kashmir Walnut Group
- Mid Valley Nut
- Royal Saffron Company
