According to the latest walnut market report by IMARC Group, titled Global Walnut Market 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 nutritious nut obtained from any tree of the genus Juglans of the Juglandaceae family. It is a rich source of fiber, protein, vitamins, and minerals such as folate, vitamin E, potassium, and magnesium. It is consumed throughout the world due to its high antioxidant properties. Walnut reduces harmful LDL cholesterol and helps in reducing the risk of inflammation and heart diseases. It is a high-quality, natural commodity with considerable health benefits. As a result, it is utilized in a wide range of culinary applications to produce walnut oil, flavorings, and salad dressings.
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Report Metric |
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Historical: 2016-2021 |
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Base Year: 2021 |
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Forecast Year: 2022-2027 |
Walnut Market Trends and Drivers:
The global walnut market is primarily driven by the growing consumption of walnut in the food processing industry as an essential ingredient to manufacture nut butter, confectionery, chocolates, and bakery products.
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In addition, the rising demand for convenience food and ready-to-eat (RTE) meals is also fueling the market growth. Besides this, the growing health consciousness and the rising awareness among the masses about the high nutritional content and health benefits of walnuts have increased the demand for walnuts.
Nowadays, walnuts are also used in the cosmetics and personal care industry. This, in confluence with the inflating disposable income levels and the increasing preference for premium and healthy fruits and nuts, is anticipated to positively influence the market growth in the upcoming years.
Note: 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.
Global Walnut Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
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:
- In-shell
- Shelled
Breakup by Product:
- Persian or English Walnut
- Black Walnut
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Raw
- Processed
Breakup by End Use:
- Household
- Industrial
- Personal Care and Cosmetics
- Others
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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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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