What Has Been the Growth of the Walnuts Market So Far?
The walnuts market has seen considerable growth due to a variety of factors.
• The size of the walnuts market has seen significant expansion in the past few years. Its expansion is forecasted to increase from $7.66 billion in 2024 to $8.13 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
This progression during the historical period is due to factors such as the heightened consumer consciousness about health and sustainability, growing attraction towards plant-based protein, widening of the walnut market, shifts in food likes and dislikes, and the impact of increased globalisation.
What Is the Forecasted Market Size and Growth Rate for The Walnuts Market Size In The Coming Years?
The walnuts market is expected to maintain its strong growth trajectory in upcoming years.
• Projections indicate a robust expansion in the walnuts market in the coming years, with a projected value of $10.13 billion by 2029 and a compound annual growth rate (CAGR) of 5.7%.
Such growth during the forecast period is anticipated due to factors such as projected economic development in emerging markets, growth of e-commerce platforms, alterations in trade policies and regulations, and a growing focus on sustainable and ethically sourced practices. Future trends forecasted for this period involve innovative products, sustainability in the harvesting of walnuts, the application of regenerative farming practices, trends in health and wellness, and broadening product ranges.
What Factors Are Driving Growth In The Walnuts Market?
The growing understanding of the importance of health and wellness is predicted to boost the walnuts market. Healthy living, which involves habits and actions that enhance physical, mental, and emotional health, is becoming more common due to better access to information, heightened fears surrounding chronic illnesses, and an emphasis on preventative health strategies. Walnuts, packed with omega-3 fatty acids and antioxidants, offer numerous health benefits including supporting heart health and reducing inflammation, making them an excellent choice for balanced and plant-based diets. For instance, a 2022 online survey conducted by the International Food Information Council, a non-profit organization based in the U.S., revealed that out of 1,005 Americans aged 18 to 80, 52% were adhering to a specific diet or eating pattern, a rise from 39% in 2021. Clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%) emerged as the most followed diets or eating patterns. As a result, the growing consciousness about healthy living contributes to the expansion of the walnuts market.
What Are The Main Segments Of The Global Walnuts Market?
The walnuts market covered in this report is segmented –
1) By Product: Black Walnuts, English Walnuts
2) By Nature: Organic, Conventional
3) By Category: In Shell Walnuts, Shelled Walnuts
4) By End-User: Household, Industrial, Food Industry, Personal Care And Cosmetics, Pharmaceuticals
Subsegments:
1) By Black Walnuts: Whole Black Walnuts, Shelled Black Walnuts, Black Walnut Kernels
2) By English Walnuts: Whole English Walnuts, Shelled English Walnuts, Walnut Halves, Chopped English Walnuts
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How Are Emerging Trends Reshaping The Dynamics Of The Walnuts Market?
Prominent businesses in the walnuts market, like Surthrival Ltd., are diverting their resources towards the creation of walnut-inspired protein supplements; an example being Black Walnut Protein Powder. This initiative is an answer to the rising requirement for food options that are not just healthy, but also sustainable. Black Walnut Protein Powder is a superior supplement sourced and crafted from black walnuts that are wild-grown, responsibly gathered, and processed, originating from North America's native trees. Surthrival Ltd., a US firm that supplies regenerative food materials, unveiled this wild-foraged plant-based protein powder in January 2023. The product, Black Walnut Protein Powder, undergoes a carbon dioxide extraction process to confirm its purity and high standard by eliminating any contact with pesticides, herbicides, or fertilizers.
Who Are the Key Players In The Walnuts Market?
Major companies operating in the walnuts market report are:
• Olam Group
• John B. Sanfilippo And Son Inc.
• Borges International Group
• Sierra Cascade Nut Company
• Mariani Nut Company Inc.
• Webster Limited
• Poindexter Nut Company
• Grower Direct Nut Co. Inc.
• Morada Produce Co LP
• Crain Walnut Shelling Inc.
• Alpine Pacific Nut Company
• Andersen and Sons Shelling Inc.
• Mid Valley Nut Co Inc.
• Agromillora Group
• Sacramento Valley Walnut Growers LLC
• Guerra Nut Shelling Company
• Kashmir Walnut Group
• Empire Nut Company LLC
• Stewart And Jasper Orchards
• Valley Harvest Nut Company
• GoldRiver Orchards Inc.
• Montna Farms
What Is The Most Dominant Region In The Walnuts Market?
Asia-Pacific was the largest region in the walnuts market in 2024. The regions covered in the walnuts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
