GMI Research finds that the Walnut Market is projected to grow at a Robust CAGR during the forecast period, 2022-2029
The factors driving the growth of Walnut Market includes rising prevalence of diabetes and cardiovascular diseases, growing awareness about the benefits of consuming walnut products, busy lifestyles, increasing use of walnuts in bakery food items and improvements in the living standards. According to the report published by National Library of Medicine, around 463 million people globally were diagnosed with diabetes in 2019, this figure is estimated to reach 700 million by the end of 2045, which is expected to push the demand for walnut products in the approaching years. Moreover, increasing availability of walnuts products at e-commerce platforms, rise in the launch of innovative products, growing demand for convenient and ready-to-eat food products and rapid urbanization, are some of the additional factors supplementing the Walnut Market size. In addition, the increasing investments by major companies on research and development, rise in the number of Free Trade Agreements (FTAs) signed between Government of different countries and growing population growth rates, are further contributing towards the market growth.
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The major players operating in the Walnut Market includes Morada Produce Company L.P., Poindexter Nut Company, Andersen Shelling Inc., Walnuts Australia, GoldRiver, Alpine Pacific Nut, Grower Direct Nut Company, Inc., California Walnuts, Kashmir Walnut Group and Mariani Nut Company Inc., among others.
Based on Nature, the Organic segment is predicted to grow at a significant CAGR during the forecast period
Organic walnuts help in managing weight, supports healthy digestive system, stimulates mood improves brain signaling and neurogenesis, are some of the key features propelling growth of the segment.
Based on End-Use, the Industrial segment is projected to expand at a robust CAGR over the forecast period
Increasing use of organic walnuts in savory dishes, traditional sweets and rise in the number of bakeries and local restaurants across the globe, are pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period
Presence of the leading players such as Walnuts Australia and Kashmir Walnut Group, rising awareness about the benefits of consuming walnuts, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Segmentation by Nature
Segmentation by Type
- In Shell
Segmentation by End-Use
- Personal Care & Cosmetics
Segmentation by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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