Global Walnut Market was valued at US$ 6.2 Bn in 2019 and is expected to reach US$ 9.17 Bn by 2026, at a CAGR of 5.01% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Walnut Market Dynamics:
The shelled walnuts segment is estimated to hold the largest share in the market during the forecast period. Increased usage of shelled walnuts among consumers is projected to boost the market growth during the forecast period. Organic type walnut is expected to surge the market growth in the forecast period owing to growing awareness regarding health and the rising popularity of natural products among consumers across the globe.
The English walnuts segment is expected to hold the largest share in the market during the forecast period. The rapidly expanding aromatherapy sector is projected to boosting the market growth in the raw walnut segment.
Major driving factors of the market are growing consciousness regarding fitness and health among consumers and rising affordability of the middle-class population globally. Improving the living standards of the consumers and growing awareness regarding the good benefits of walnut are estimated to propel the market growth in a positive way. Growing demand for healthy food with walnut ingredients is also boosting the market growth. The rising per capita income of developing countries is surging the market growth.
In addition, the rising development of infrastructure, growing product commercialization, and increase usage of walnut in the personal care & cosmetic industry are expected to propel the market growth. However, a lack of vertical integration acts as restraints in the market. The report provides an in-detail list of drivers and restraints of the market, which are influencing the market growth. Additionally, provides expected opportunities and trends.
Global Walnut Market Regional Analysis:
The Asia Pacific is expected to hold the largest share in the market during the forecast period owing to growing enemies of developing countries such as India and China. Moreover, increasing influence internet usage, increasing middle-class population, and raised awareness regarding healthy food among consumers are boosting the market growth.
China is projected to boost the market growth. The rising usage of walnut in the pharmaceutical industry and walnuts as a snack is driving the market growth during the forecast period. China has the largest production of walnut and also consumers are surging the market growth. Europe is projected to generate the highest CAGR during the forecast period.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Walnut Market, Key Highlights:
- Global Walnut Market analysis and forecast, in terms of value.
- Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Walnut Market
- Global Walnut Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
- Global Walnut Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
- Global Walnut Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
- Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
- Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Walnut Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Walnut Market, by Product Type
- Black Walnuts
- English Walnuts
Global Walnut Market, by Nature
Global Walnut Market, by Category
- In-Shell Walnuts
- Shelled Walnuts
Global Walnut Market, by End-Use
- Food & Beverages
- Personal Care & Cosmetics
Global Walnut Market, by Form
Global Walnut Market, by Region
- North America
- Middle East & Africa
- South America
Global Walnut Market Key Players
- Crain Walnut Shelling Inc
- Empire Nut Company,
- Guerra Nut Shelling Company
- Grower Direct Nut Co. Inc
- Morada Produce Company L.P.
- Haleakala Walnut Shelling Inc
- Agromillora Group
- Alpine Pacific Nut
- California Walnut Company
- Borges India Private Limited
- Gold River Orchards
- Kashmir Walnut Group
- Mid-Valley Nut
- Royal Saffron Company
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