Walnut Market Synopsis

Walnut Market Size Was Valued at USD 8.82 Billion in 2023, and is Projected to Reach USD 25.50 Billion by 2032, Growing at a CAGR of 13% From 2024-2032.

The walnut market is one of the markets where products that are involved in the production of walnuts as well as the trading of walnuts are sold; walnuts are nuts that are part of the tree family known as Juglandaceae; and are widely used as food & beverages, in the manufacture of pharmaceuticals, personal care & cosmetics, and in manufacturing of household products. The market primarily includes two types: the black ones and the English ones because they are believed to taste differently, contain other nutrients, and can be used differently. Market for walnut products is still young, because the market for such healthy products is still evolving.the tree family Juglandaceae; and are widely used in the food & beverages, pharmaceuticals, personal care & cosmetics, and in household products. The market primarily includes two types: black walnuts and English walnuts which are both known to have different flavors, nutrients, and uses.

• Market for walnut products is still evolving due to development in market for healthy consumption of such products. In enhance to this, antioxidants, omega 3 fatty acids and other essential nutrients are shed with the walnuts making them a most popular nut for the health conscious customers. Increasing consumer demand for nuts as in-shell snacks, use of nuts as an ingredient in various food and bakery items including confectionery and dairy products defines the market. This search for energy-yielding meals, chemically rich diet and superfoods has further lengthened the world’s demand for walnuts especially in food manufacturing as producers note the new trend of preference to better health consciousness. In addition to this, the growing application of walnuts in cosmetic and personal care products due to multiple skin benefits also hold the growth opportunity for the market.• Currently, this market competition is relatively intense, but the main manufacturers are gradually enhancing independent innovation investment, constantly developing and enhancing product differentiation and expanding the supply chain to grasp development opportunities.t primarily includes two types: black walnuts and English walnuts which are both known to have different flavors, nutrients, and uses.
• Market for walnut products is still evolving due to development in market for healthy consumption of such products. Walnuts contain antioxidants, omega-3 fatty acids and are shed with essential nutrients making them a popular nut to health conscious customers. The market is defined by the increasing consumer interest in nuts as in-shell snacks, nuts as ingredients in various food and bakery products, confectionery and dairy products. This quest for meals that are rich in nutritional value, organically rich diets and superfoods has extended the global demand for walnut consumption more so in food production since producers realize the common shift in taste for the better health conscious consumers. Further, the increasing incorporation of walnuts in cosmetic and personal care products owing to various skin benefits also includes a scope of growth for the market.
• The market competition in this industry is still relatively fierce, but the main manufacturers are increasing their investment in research and development, constantly improving product diversification and expanding their supply chains to seize development opportunities. There have appeared more and more demands for certified organic and sustainable sourced walnuts to meet the need of the green-and-healthy consumers. They are also investing in modern processing technologies since, as they look forward to achieving their goal of producing quality walnuts that conforms to the domestic and export market, the following threats are embedded in it; cost risks with particular focus on the walnuts, supply chain management and the need to incorporate organic farming practices. But it is changing for the better as better technologies are developed for the supply and control of water for the walnut producing plants and hazardous insects which in turn leads to supply of quality walnuts to the market. The market is also fully competed for by other nuts including the almond, the pistachio and the popular cashew nut. widely used in the food & beverages, pharmaceuticals, personal care & cosmetics, and in household products. The market primarily includes two types: black walnuts and English walnuts which are both known to have different flavors, nutrients, and uses.
• Market for walnut products is still evolving due to development in market for healthy consumption of such products. Walnuts contain antioxidants, omega-3 fatty acids and are shed with essential nutrients making them a popular nut to health conscious customers. The market is defined by the increasing consumer interest in nuts as in-shell snacks, nuts as ingredients in various food and bakery products, confectionery and dairy products. This quest for meals that are rich in nutritional value, organically rich diets and superfoods has extended the global demand for walnut consumption more so in food production since producers realize the common shift in taste for the better health conscious consumers. Further, the increasing incorporation of walnuts in cosmetic and personal care products owing to various skin benefits also includes a scope of growth for the market.
• The market competition in this industry is still relatively fierce, but the main manufacturers are increasing their investment in research and development, constantly improving product diversification and expanding their supply chains to seize development opportunities. The market trends are influenced by an increasing popularity of certified organic and sustainable sourced walnuts to meet the demand of eco- and health-conscious consumer. Firms are also putting capital in modern processing technologies as they look forward to producing high quality walnuts that are fit for the local market as well as export market. also contains such threats as the cost volatility especially that of walnuts, supply chain management issues and the requirement to adapt to organic farming methodologies. However, the situation is improving due to creating better technologies for water supply and control of hazardous insects affecting the walnut-producing plants, which in turn makes it possible to supply the market with quality walnuts.
• The market is also competitively saturated with other nuts such as the almond, the pistachio and the cashew nut, which are equally favored by consumers. To tackle this threat walnut producers are moving away from simply sexing up walnut consumption and actually explaining what the product does in context of specific ailments like the heart and the brain. Information promoting changes in walt and nut products is also useful in expanding the market substantially. Apart from that, the increased consumption of plant-base and vegan foods places food producers into the desperation of using walnuts in the production of the tasty plant-base meat, plant base dairy products, and other better plant-base food products. This is sure to happen due to increasing consumer interest in products that are healthier and environment-friendly.
• Regionally, it is the leading markets, spearheaded by the United States and China and walnut producing countries including Iran and especially the state of California. These regions enjoy proper climatic conditions that are suitable for walnut production, there is already a proven method of growing these crops, and much emphasis has been placed on research and development in the growing of these crops. At the same time, there is an increasing demand for walnut production in the new members, who are eager to seize the exports share. Exportation is a crucial aspect of the walnut market with many of the produced walnuts exported to Europe, Middle East and Asia Pacific countries. These are markets that demonstrate consistent demand for quality nuts that is underpinned by health consciousness, changing cooking palate, and the emerging middle-income earners across the world.
• Summing up, the global walnut market has a tendency to growth due to the positive impact of trends in the segments of healthy food, the tendency towards the usage of walnuts inappellative food production sectors and culinary inventions. It is therefore anticipated that there will be an increased market for walnuts as the consumers demand shift towards healthier and environmentally friendly foods increases. Nonetheless, owing to competition and increased supply chain volatility, more so regional and Global, continuing investments in agriculture technology, product development and market development interventions should a portend a bright future for the walnut business.

Walnut Market Trend Analysis

Growing Demand for Plant-Based Diets

• Introduction of plant based diets have greatly impacted the walnut market by placing walnuts as a staple product in vegan and vegetarian diets. Due to the growing preference for plant proteins among consumers walnut has become part of consumer’s diet more than it was before in a bid to do away with animal meats and products. Walnuts are utilized in plant-based meat analogs, dairy-free margarines, and in vegan deserts, and they complement perfectly well the requirements of a new category of conscious customers.
• This trend is further supported more aggressively by the expansion of plant food products in conventional grocery stores, which makes nuts more popular among communities. This opportunity is being exploited to the letter because manufacturers are introducing new and unique walnut products that adapt to modern consumer’s dietary needs and wants in terms of health, nutrition, and sustainability. Therefore, to be entitled to the status within the new concept of foods identified with constructing tissues, walnuts’ consumption should grow together with the shift to plant-based diets.

Expansion in the Personal Care & Cosmetics Sector

• A very rich prospect for walnuts is in personal care and cosmetics as this region is on the rise in its confectionery consumption. It can be used in cosmetics for the face and hair, entrusted to the care of which help to strengthen the skin and hair, and make them more beautiful and healthy – walnuts are rich in antioxidants, vitamin E, and essential fatty acids. Out of all the walnut’s by-products, the oil is quickly rising to fame due to hydrating and anti-aging effects, whilst enhancing skin’s tone and elasticity.
• In light of the above trends of more demand for natural and organic beauty products in the market, walnuts provide a natural ingredient to the cosmetics industry. Business entities are eyeing opportunities in the possibility of exploiting walnut-based ingredients to come up with unique formulations that withstand clean beauty markets. This opportunity is likely to enhance the market for as brands seize the chance within the versatile functional values of walnuts to meet the increasing global concern of green and organic beauty products.

Walnut Market Segment Analysis:

Walnut Market Segmented based on   Product Type , Nature ,Category,End User and Form.

By  Product Type, Black walnut segment is expected to dominate the market during the forecast period

• The walnut market is majorly divided based on black walnut and English/walnut. Black walnuts are characterized by their sharp rich taste and are mainly used in high-end products, and special delicacies. English walnut is more popular than other types being grown commercially and used in food preparation due to their bland taste and ability to be used in many recipes. English walnuts are preferred more as ready-to-consume products because of the optimized shell thickness, easy cracking and better taste appealing to the wider market.
• Although black walnut has a limited market in the food industry especially in the Walnuts of Distinction market, English walnut today remains dominant in terms of production and consumption. Currently, attempts are being made to upgrade black walnut farming by better techniques in agriculture and planned breeding, which may again bring the ratio of these two product types to proper percent in future.

By Application , Food & beverages segment held the largest share in 2023

• The global segmentations based on end use of walnut reveal the versatile uses of the nut. In bakery products, snacks, salads and dairy alternatives, walnuts are mostly used as ingredients in the food and beverages sector due to their nutritional benefits. The pharmaceutical industry uses walnuts for healthy supplements in diet as it has beneficial effects on heart and brain.
• This segment has also incorporated walnuts and particularly the walnut oil due to the benefits that it has on skins as wells as hair. Furthermore, walnuts are now finding application in house hold uses including natural cleaners/polishes that contain walnut oil because of its naturally mild but effective cleaning capability. This wide application across these sectors gives market ample opportunities to grow and widen the application of this technology.

Walnut Market Regional Insights:

North America  is Expected to Dominate the Market Over the Forecast period

• North of America has taken a large portion of the global walnut share because of the increased production of walnuts in the United States, especially in California where most of the English walnut production occurs. The region has high levels of production with consistent technological practices in farming, efficient processing systems with an elaborate distribution channel, domestic and export market. In addition, North America have expanded the consumption of walnuts owing to the health consciousness trend whereby consumers are adding nuts to their diets.
• Furthermore, the North American market dominates the global market because of constant advertising campaigns making walnuts the healthy nut to support consumer preference. Its existing guidelines involving the regulation of quality also create confidence in the safety and quality of the walnuts from this region hence making it competitive in the global market.

Active Key Players in the Walnut Market

• California Walnut Commission (USA)
• Hammons Products Company (USA)
• Olam International (Singapore)
• Borges Agricultural & Industrial Nuts (Spain)
• Diamond Foods, Inc. (USA)
• Royal Saffron Company (India)
• Kashmir Walnut Group (India)
• Meridian Foods (UK)
• Poindexter Nut Company (USA)
• Empire Nut Company (USA)
• Others Key Player

Key Industry Developments in the Walnut Market

• April 2022: Ministry of Food Processing Industries (MoFPI), under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, recently organized a One District One Product (ODOP). The ODOP Scheme aimed to set the stage for all food-tech stakeholders to impart and acquaint the stakeholders with the new emerging trends in food processing and technological innovation in walnut processing in the Kishtwar district.
• January 2022: Indian Ministry of Science and Technology announced the innovations for walnut processing, including a walnut cracking machine and also the walnut peeler, washer, and sorter to streamline walnut production and help reduce the drudgery of people involved in walnut processing, a niche occupation primarily in the Union Territories of Jammu and Kashmir and Ladakh and also observed in parts of Himachal Pradesh, Uttarakhand, Sikkim, and Arunachal Pradesh.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. WALNUT MARKET BY PRODUCT TYPE (2017-2032)
   1. WALNUT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ENGLISH WALNUT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BLACK WALNUT
7. WALNUT MARKET BY FORM (2017-2032)
   1. WALNUT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PROCESSED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. RAW
8. WALNUT MARKET BY CATEGORY (2017-2032)
   1. WALNUT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SHELLED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. IN SHELL
9. WALNUT MARKET BY END-USER (2017-2032)
   1. WALNUT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FOOD INDUSTRY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. HOUSEHOLD
   5. INDUSTRIAL
   6. SNACKS AND SPREADS
   7. SAUCES AND DRESSINGS
   8. BAKERY AND CONFECTIONARY
   9. DESSERTS
   10. PERSONAL CARE AND COSMETICS
   11. PHARMACEUTICALS
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. WALNUT Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. BLUE DIAMOND GROWERS (UNITED STATES)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. OLAM INTERNATIONAL LIMITED (SINGAPORE)
    4. BORGES AGRICULTURAL & INDUSTRIAL NUTS (SPAIN)
    5. MARIANI NUT COMPANY (UNITED STATES)
    6. MID VALLEY NUT COMPANY (UNITED STATES)
    7. GROWER DIRECT NUT CO., INC. (UNITED STATES)
    8. WEBSTER LIMITED (AUSTRALIA)
    9. HALEAKALA WALNUT SHELLING INC. (UNITED STATES)
    10. POINDEXTER NUT COMPANY (UNITED STATES)
    11. NUT KERNELS ARMENIA (ARMENIA)
    12. STELLAR DISTRIBUTING, INC. (UNITED STATES)
    13. CALIFORNIA WALNUT COMPANY, INCORPORATED (UNITED STATES)
    14. ROYAL SAFFRON COMPANY (IRAN)
    15. PACIFIC ORCHARDS (UNITED STATES)
    16. FOODHALL (INDIA)
    17. SAHALE SNACKS, INC. (UNITED STATES)
    18. CALIFORNIA CUSTOM FRUITS & FLAVORS (UNITED STATES)
    19. PEARSON NUT COMPANY (UNITED STATES)
    20. SUPERIOR NUT COMPANY, INC. (UNITED STATES)
    21. SUNSET NUT COMPANY (UNITED STATES)
    22. NUECES VALLEY NUT COMPANY (UNITED STATES)
    23. AZAR NUT COMPANY (UNITED STATES)
    24. TERRI LYNN, INC. (UNITED STATES)
    25. BURBANK NUT COMPANY (UNITED STATES)
    26. MOUNTAIN VIEW FRUIT SALES, INC. (UNITED STATES)
    27. VALLEY NUT & FRUIT CO. (UNITED STATES)
    28. HICKMAN'S FAMILY FARMS (UNITED STATES)
    29. SAMSONS TRADING COMPANY (UNITED ARAB EMIRATES)
    30. CALI WALNUT (UNITED STATES)
    31. CRAIN WALNUT SHELLING, INC. (UNITED STATES)
11. GLOBAL WALNUT MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Product Type
       4. Historic And Forecasted Market Size By Form
       5. Historic And Forecasted Market Size By Category
       6. Historic And Forecasted Market Size By End-User
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies