The latest research study “Walnut Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global walnut market size reached US$ 8.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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.

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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 2023-2028 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.

Walnut Companies:

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.

The report has segmented the market on the basis of region, type, product, nature, form and end use.

Breakup by Type:

·      In-shell

·      Shelle

Breakup by Product:

·       Persian or English Walnut

·      Black Walnut

Breakup by Nature:

·      Organic

·      Conventiona

Breakup by Form:

·      Raw

·      Processe

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 (2017-2022)
  • Market Outlook (2023- 2028)
  • 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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 IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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