According to the latest report by IMARC Group, titled “Global Walnut Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global walnut market reached a value of US$ 7.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.24 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
Walnut is a large, round, furrowed edible seed belonging to the Juglandaceae family. It is a rich source of antioxidants, omega-3 fats, and other essential nutrients. It helps in reducing the risk of gallbladder diseases, minimizing cholesterol levels, improving bones and brain health, and preventing disorders and cancer. As a result, walnuts are widely consumed as nuts, to make walnut oil and used in bakery products.
Covid-19 Scenario: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Walnut Market Trends and Drivers:
One of the primary factors driving the market is the increasing consumption of walnuts in the food processing industry. Additionally, a significant shift toward a healthy lifestyle due to the high prevalence of chronic diseases represents another major growth-inducing factor.
Besides this, the growing awareness about the health benefits of walnuts is propelling the market growth as walnuts offer numerous skin, health, and hair benefits. Furthermore, the extensive application of walnuts in the cosmetics and personal care industry and its wide usage in sweets and savory items is catalyzing the market growth.
Moreover, the emerging trend of healthy snacking, inflating consumer expenditure capacities and rising need for convenience foods are some of the other factors creating a positive market outlook.
Global Walnut Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Agromillora Group, Alpine Pacific Nut Company, Andersen and Sons Shelling Inc., Crain Walnut Shelling Inc, Empire Nut Company LLC, GoldRiver Orchards Inc., Grower Direct Nut Co. Inc., Guerra Nut Shelling Co Inc, Haleakala Walnut Shelling Inc., Kashmir Walnut Group and Poindexter Nut Company.
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The report has segmented the market on the basis of region, type, product, nature, form and end use.
Breakup by Type:
Breakup by Product:
- Persian or English Walnut
- Black Walnut
Breakup by Nature:
Breakup by Form:
Breakup by End Use:
- Personal Care and Cosmetics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Global Walnut Market Overview (2022-2027)
|Market Size Value in 2021:||US$ 10.24 Billion|
|Growth Rate:||CAGR of 5.10% from 2022 to 2027|
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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