Global Walnuts Ingredient Market - Forecast(2024 - 2030)
Global Walnuts Ingredient Market Overview
The Global Walnuts Ingredient Market size is estimated to reach $2.8 Billion by 2027. Moreover, it is anticipated to grow at a CAGR of 5.7% over the forecast period of 2022-2027. Walnuts are slightly sweet, and nutty. Walnuts are high in protein and vital fatty acids and are widely employed in foods. It is used in a range of baked goods, as a topping and coating, and as a standalone product in a variety of forms. Walnut is used both as human food and animal feed ingredient as walnuts are abundant in omega 3 fats, antioxidants, and vitamins, they make for healthy nut butter. Walnuts come in roasted, salted, sweetened, shelled, candied, unsalted, whole, chopped, crushed, and many other varieties. It is also used as a partial flour replacement. Marcona almonds are imported from Spain and are typically roasted or fried in oil as well as salted in taste. Black walnut is one of the most widely consumed nuts which contains phytochemicals that helps to provide health-promoting properties supporting the global walnuts ingredient industry. With this increased demand combined with consumer demand for more whole foods, consumers continue to be interested in plant-based meat alternatives made from food like walnuts. Walnuts are an example of a plant-based ingredient that is advised for a healthier lifestyle. The Food Safety and Standards Authority of India (FSSAI) recently recommended that such foods be included in one's regular diet to preserve excellent health and immunity providing global walnuts ingredient industry outlook. Moreover, the rising demand for walnut ingredients in the household and industrial sectors are some of the factors driving the walnuts ingredient industry forward in the projected period of 2022-2027.
Global Walnuts Ingredient Market Report Coverage
The report: “Global
Walnuts Ingredient Market Forecast
(2022-2027)", by Industry ARC covers an
in-depth analysis of the following segments of the Global
Walnuts Ingredient Industry.
Key Takeaways
- Geographically, North America dominated the market in 2021. It is owing to the rising demand for walnuts in various industries such as the food industry, pharmaceutical industry, personal care as well as cosmetics industry and growing consumer awareness of a healthy diet. Additionally, increasing lactose intolerance among the population is further increasing the consumption of walnut ingredients.
- The robust growth in the end-use industries such as food & beverages, cosmetics, and even pharmaceutical are some of the factors driving the global walnuts ingredient Market. However, rising health issues owing to excessive consumption are some of the factors impeding the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Walnuts Ingredient Market Report.
Global Walnuts Ingredient Market- By Geography (%) for 2021.
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Global Walnuts Ingredient Market Segment Analysis- By Form
The Global Walnuts Ingredient market based on a form is
further segmented into Raw and Processed. Raw held a dominant market share in
the year 2021. Recently, consumers are adopting a healthy diet in their day-to-day
life so, the demand for raw walnut increases as it is pure and provides various
benefits. Moreover, The American Heart Association recommends intaking raw
walnut in every day’s diet which is further rising the adoption of raw walnut
among consumers. This factor helps in increasing the demand of raw walnuts.
However, the processed is estimated to be the fastest-growing,
with a CAGR of 6.4% over the forecast period of 2022-2027. The demand for walnut
ingredients increases in the food and beverage processing industry as it is used to create menus that incorporate healthy salads,
curries, and desserts as well as used for snacks. Recently, consumers are
preferring flavored snacks that are rising the adoption of processed walnuts as it
is also available in a variety of flavors which attracts consumers to adopt processed walnuts.
Global Walnuts Ingredient Market Segment Analysis- By Product Type
The Global walnuts ingredient market based on product
type is further segmented into English walnut and
Black walnut. Black walnut held a dominant market share in the year 2021. Black
walnut provides various health benefits, so people are using them in cooking as
they
have great flavor and crunch. Owing to the rising
benefits of black walnuts, the demand for black walnut increases. According
to black walnut news, in 2020 about 10,000 metric tons of black walnuts, were harvested annually in the United
States. This factor increased the sales by 25% and thus accelerating the
market growth.
However, English walnut is
estimated to be the fastest-growing, with a CAGR of 5.9% over the forecast
period of 2022-2027. English walnuts are available in a variety of flavors which
increase their use in the food industry as it is used to make party snacks. The crunch of English walnuts and their sweet barnlike taste appeal to
most people that increased its sales which gives rise to the adoption of English
walnuts.
Global Walnuts Ingredient Market Segment Analysis- By Geography
The Global walnuts ingredient market based on Geography is
further segmented into North America, Europe, Asia-Pacific, South America, and
the Rest of the World. North America held a dominant market share of 45% in the
year 2021 as compared to its other counterparts. It is owing to the robust
demand from the end-use industries and rising awareness of a healthy
lifestyle. Various manufacturing pertaining activities are now being
transferred to North America as the overall cost is bought significantly down. Furthermore,
the region is estimated to offer lucrative growth opportunities to marketers. For example, according to Walnuts Organization, the U.S. has been a
leading exporter of walnut ingredients, and the demand within the country is
also growing owing to a diverted method of production. Over 63% of the California walnut ingredient
was exported in the year 2020.
Owing to such reasons, the projected period of 2022-2027 would prove beneficial for North America.
However, Asia-Pacific is estimated to be the fastest-growing over the forecast period of 2022-2027. Walnut consumption in the region is mainly by Chinese consumers. Walnut consumption per capita in China is also increasing year after year, having climbed 10.5 times in the last 21 years. Most of the demand is met by domestic production, with the baking and processed food industries accounting for about half of the walnuts consumed in the country. The snacking industry consumes the bulk of total walnuts, and it is expected to grow even more during the forecast period.
Global Walnuts Ingredient Market Drivers
Increasing awareness regarding a healthy diet has readily aided the market growth
Nowadays, people are more concerned about their health and they are mostly preferring a healthy diet which gives rise to the adoption of walnut among consumers. With the rise of obesity and disease, people are getting more concerned about their health. Owing to the extraordinary health benefits of walnuts, the demand for walnut increases among health-conscious people. The coronavirus outbreak has led to an increase in the consumption of walnut as concerns about health and the need for a stronger immunity increase among consumers in their diet. According to Economic Times, the research found that walnut helps to reduce the 25% risk of dying from cardiovascular diseases which increases the demand for walnut, and recently, about 3 million tonnes of walnut are produced every year worldwide in 2020 helps in driving the market growth.
Growing prevalence of diseases such as cardiovascular and obesity increases the consumption of walnuts and thus driving the market growth
Rising number of diseases such as cardiovascular and obesity gives rise to the adoption of walnut as it helps in reducing the risk of
various diseases. According to World Health Organization, about 17.9 million
people are suffering from cardiovascular diseases and obesity rates among adults
have increased by 27.5% in 2019. So, people are consuming more walnuts to reduce
the risk of such types of diseases. Recently, the sales of walnut also increase
as manufacturers are offering a variety of flavors in walnuts giving rise to the
adoption of walnut among consumers.
Global Walnuts Ingredient Market Challenges
Rising health issues owing to excessive consumption of walnuts are some of the factors impeding the market growth
Walnut provides various health benefits, but excessive
consumption causes various side effects. Excessive consumption of walnuts causes
allergic reactions like hives and rashes. In some cases, cause difficulty in
breathing, nausea, nasal congestion, itching of the mouth, throat, or eyes. When eating walnuts, people should keep in mind that, while they are
a healthy food, they are also high in calories. As a result, it is best to
consume it in moderation. This factor further
restricts the scope of growth for the walnut ingredients market. Further, Walnut
growing suffers from a lack of suitable methods of propagation, inadequate
vegetatively propagated plants, lack of standard rootstocks/ cultivars,
problems of re-establishment of nursery plants in the orchard, specific climatic
requirements, pollination behavior and lack of suitable pollinizers, long
juvenile period and harvesting.
Global Walnuts Ingredient Industry Outlook
Product launches, mergers and acquisitions, joint
ventures, and geographical expansions are key strategies adopted by players in
the market. Global walnuts ingredient top 10 companies include:
- ADM (Archer Daniels Midland Company),
- Royal Nut Company,
- Kanegrade,
- Blue Diamond Growers,
- Barry Callebaut,
- Diamond of California,
- OLOMOMO Nut Company,
- Bonn Group of Industries,
- California Walnut,
- Sacramento Valley Walnut Growers LLC.
Recent Developments
- In December 2020, Bonn Group of Industries launched eggless walnut brownies for health-conscious people. This product is also available in online or offline retailers which further rising the sales of this product.
- In August 2020, Diamond of California announces the launch of its newest innovation, ready-to-eat Snack Walnuts. For a nutritious, delicious, and economical on-the-go snack, each walnut is organically treated to remove bitterness, roasted, and lightly seasoned before being wrapped in a resealable bag.
- In February 2020, California Walnuts launched the “power of 3” campaign in order to educate consumers about how eating walnuts is a simple way to boost overall nutrition. The "Power of 3" campaign raises awareness of the nutritional benefits of walnuts.
Relevant Titles
Edible Nuts Market - Forecast (2022 - 2027)
Report Code-
Nuts
Market- Forecast (2022-2027)
Report Code- FBR 45767
Nut Ingredients Market - Forecast (2022 - 2027)
Report Code: FBR 38590
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Key Manufacturers Market 2023-2030 ($M)1.1 ADM Market 2023-2030 ($M) - Global Industry Research
1.2 Olam International Market 2023-2030 ($M) - Global Industry Research
1.3 Hammons Market 2023-2030 ($M) - Global Industry Research
1.4 Carriere Family Farms Market 2023-2030 ($M) - Global Industry Research
1.5 Callebaut Market 2023-2030 ($M) - Global Industry Research
1.6 Kanegrade Limited Market 2023-2030 ($M) - Global Industry Research
1.7 Kerry Group Market 2023-2030 ($M) - Global Industry Research
1.8 Groupe Soparind Bongrain Market 2023-2030 ($M) - Global Industry Research
1.9 The Hershey Company Market 2023-2030 ($M) - Global Industry Research
1.10 Mars Market 2023-2030 ($M) - Global Industry Research
1.11 Mondelez International Market 2023-2030 ($M) - Global Industry Research
1.12 Russell Stover Candies Market 2023-2030 ($M) - Global Industry Research
2.Global By Walnut Powder Market 2023-2030 ($M)
3.Global Market by Type Market 2023-2030 ($M)
3.1 Walnut Powder Market 2023-2030 ($M) - Global Industry Research
3.2 Walnut Milk Market 2023-2030 ($M) - Global Industry Research
3.3 Walnut Biscuits Market 2023-2030 ($M) - Global Industry Research
3.4 Walnut Bread Market 2023-2030 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2023-2030 (Volume/Units)
4.1 ADM Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Olam International Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Hammons Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Carriere Family Farms Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Callebaut Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Kanegrade Limited Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Kerry Group Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Groupe Soparind Bongrain Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 The Hershey Company Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Mars Market 2023-2030 (Volume/Units) - Global Industry Research
4.11 Mondelez International Market 2023-2030 (Volume/Units) - Global Industry Research
4.12 Russell Stover Candies Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global By Walnut Powder Market 2023-2030 (Volume/Units)
6.Global Market by Type Market 2023-2030 (Volume/Units)
6.1 Walnut Powder Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Walnut Milk Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Walnut Biscuits Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Walnut Bread Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2023-2030 ($M)
7.1 ADM Market 2023-2030 ($M) - Regional Industry Research
7.2 Olam International Market 2023-2030 ($M) - Regional Industry Research
7.3 Hammons Market 2023-2030 ($M) - Regional Industry Research
7.4 Carriere Family Farms Market 2023-2030 ($M) - Regional Industry Research
7.5 Callebaut Market 2023-2030 ($M) - Regional Industry Research
7.6 Kanegrade Limited Market 2023-2030 ($M) - Regional Industry Research
7.7 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
7.8 Groupe Soparind Bongrain Market 2023-2030 ($M) - Regional Industry Research
7.9 The Hershey Company Market 2023-2030 ($M) - Regional Industry Research
7.10 Mars Market 2023-2030 ($M) - Regional Industry Research
7.11 Mondelez International Market 2023-2030 ($M) - Regional Industry Research
7.12 Russell Stover Candies Market 2023-2030 ($M) - Regional Industry Research
8.North America By Walnut Powder Market 2023-2030 ($M)
9.North America Market by Type Market 2023-2030 ($M)
9.1 Walnut Powder Market 2023-2030 ($M) - Regional Industry Research
9.2 Walnut Milk Market 2023-2030 ($M) - Regional Industry Research
9.3 Walnut Biscuits Market 2023-2030 ($M) - Regional Industry Research
9.4 Walnut Bread Market 2023-2030 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2023-2030 ($M)
10.1 ADM Market 2023-2030 ($M) - Regional Industry Research
10.2 Olam International Market 2023-2030 ($M) - Regional Industry Research
10.3 Hammons Market 2023-2030 ($M) - Regional Industry Research
10.4 Carriere Family Farms Market 2023-2030 ($M) - Regional Industry Research
10.5 Callebaut Market 2023-2030 ($M) - Regional Industry Research
10.6 Kanegrade Limited Market 2023-2030 ($M) - Regional Industry Research
10.7 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
10.8 Groupe Soparind Bongrain Market 2023-2030 ($M) - Regional Industry Research
10.9 The Hershey Company Market 2023-2030 ($M) - Regional Industry Research
10.10 Mars Market 2023-2030 ($M) - Regional Industry Research
10.11 Mondelez International Market 2023-2030 ($M) - Regional Industry Research
10.12 Russell Stover Candies Market 2023-2030 ($M) - Regional Industry Research
11.South America By Walnut Powder Market 2023-2030 ($M)
12.South America Market by Type Market 2023-2030 ($M)
12.1 Walnut Powder Market 2023-2030 ($M) - Regional Industry Research
12.2 Walnut Milk Market 2023-2030 ($M) - Regional Industry Research
12.3 Walnut Biscuits Market 2023-2030 ($M) - Regional Industry Research
12.4 Walnut Bread Market 2023-2030 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2023-2030 ($M)
13.1 ADM Market 2023-2030 ($M) - Regional Industry Research
13.2 Olam International Market 2023-2030 ($M) - Regional Industry Research
13.3 Hammons Market 2023-2030 ($M) - Regional Industry Research
13.4 Carriere Family Farms Market 2023-2030 ($M) - Regional Industry Research
13.5 Callebaut Market 2023-2030 ($M) - Regional Industry Research
13.6 Kanegrade Limited Market 2023-2030 ($M) - Regional Industry Research
13.7 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
13.8 Groupe Soparind Bongrain Market 2023-2030 ($M) - Regional Industry Research
13.9 The Hershey Company Market 2023-2030 ($M) - Regional Industry Research
13.10 Mars Market 2023-2030 ($M) - Regional Industry Research
13.11 Mondelez International Market 2023-2030 ($M) - Regional Industry Research
13.12 Russell Stover Candies Market 2023-2030 ($M) - Regional Industry Research
14.Europe By Walnut Powder Market 2023-2030 ($M)
15.Europe Market by Type Market 2023-2030 ($M)
15.1 Walnut Powder Market 2023-2030 ($M) - Regional Industry Research
15.2 Walnut Milk Market 2023-2030 ($M) - Regional Industry Research
15.3 Walnut Biscuits Market 2023-2030 ($M) - Regional Industry Research
15.4 Walnut Bread Market 2023-2030 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2023-2030 ($M)
16.1 ADM Market 2023-2030 ($M) - Regional Industry Research
16.2 Olam International Market 2023-2030 ($M) - Regional Industry Research
16.3 Hammons Market 2023-2030 ($M) - Regional Industry Research
16.4 Carriere Family Farms Market 2023-2030 ($M) - Regional Industry Research
16.5 Callebaut Market 2023-2030 ($M) - Regional Industry Research
16.6 Kanegrade Limited Market 2023-2030 ($M) - Regional Industry Research
16.7 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
16.8 Groupe Soparind Bongrain Market 2023-2030 ($M) - Regional Industry Research
16.9 The Hershey Company Market 2023-2030 ($M) - Regional Industry Research
16.10 Mars Market 2023-2030 ($M) - Regional Industry Research
16.11 Mondelez International Market 2023-2030 ($M) - Regional Industry Research
16.12 Russell Stover Candies Market 2023-2030 ($M) - Regional Industry Research
17.APAC By Walnut Powder Market 2023-2030 ($M)
18.APAC Market by Type Market 2023-2030 ($M)
18.1 Walnut Powder Market 2023-2030 ($M) - Regional Industry Research
18.2 Walnut Milk Market 2023-2030 ($M) - Regional Industry Research
18.3 Walnut Biscuits Market 2023-2030 ($M) - Regional Industry Research
18.4 Walnut Bread Market 2023-2030 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2023-2030 ($M)
19.1 ADM Market 2023-2030 ($M) - Regional Industry Research
19.2 Olam International Market 2023-2030 ($M) - Regional Industry Research
19.3 Hammons Market 2023-2030 ($M) - Regional Industry Research
19.4 Carriere Family Farms Market 2023-2030 ($M) - Regional Industry Research
19.5 Callebaut Market 2023-2030 ($M) - Regional Industry Research
19.6 Kanegrade Limited Market 2023-2030 ($M) - Regional Industry Research
19.7 Kerry Group Market 2023-2030 ($M) - Regional Industry Research
19.8 Groupe Soparind Bongrain Market 2023-2030 ($M) - Regional Industry Research
19.9 The Hershey Company Market 2023-2030 ($M) - Regional Industry Research
19.10 Mars Market 2023-2030 ($M) - Regional Industry Research
19.11 Mondelez International Market 2023-2030 ($M) - Regional Industry Research
19.12 Russell Stover Candies Market 2023-2030 ($M) - Regional Industry Research
20.MENA By Walnut Powder Market 2023-2030 ($M)
21.MENA Market by Type Market 2023-2030 ($M)
21.1 Walnut Powder Market 2023-2030 ($M) - Regional Industry Research
21.2 Walnut Milk Market 2023-2030 ($M) - Regional Industry Research
21.3 Walnut Biscuits Market 2023-2030 ($M) - Regional Industry Research
21.4 Walnut Bread Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)2.Canada Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
3.Mexico Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
4.Brazil Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
5.Argentina Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
6.Peru Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
7.Colombia Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
8.Chile Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
10.UK Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
11.Germany Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
12.France Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
13.Italy Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
14.Spain Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
16.China Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
17.India Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
18.Japan Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
19.South Korea Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
20.South Africa Global Walnuts Ingredient Market Revenue, 2023-2030 ($M)
21.North America Global Walnuts Ingredient By Application
22.South America Global Walnuts Ingredient By Application
23.Europe Global Walnuts Ingredient By Application
24.APAC Global Walnuts Ingredient By Application
25.MENA Global Walnuts Ingredient By Application