Market
Introduction:
Walnuts
are the edible seeds from the tree genus Juglans and are round in
shape. The seeds contains significant amount of proteins, minerals
and essential fatty acids such as omega-3 fatty acids, anti-oxidants
etc. and are exclusively used in food industry. Walnuts has found a
huge application in food industry, pharmaceutical industry, cosmetics
and personal care, paints and chemicals etc. Walnuts are exclusively
used as ingredients in sauces and condiments. Walnut oil has found
application in various culinary preparations such as salads, chicken
dishes, sea foods etc. Walnuts are assumed to reduce cancer and
cardiac risks. Walnuts are also exclusively used in preparations of
chocolates and bars. The endocarp of walnut is used in paints and
tannins industry and has various other applications. China accounts
for relatively high production of walnuts which is approximately half
of the total world’s production and is expected to remain dominant
in terms of production over the forecast period. On the basis of
consumption, China walnut market is expected to exhibit relatively
high value share. Europe walnut market is expected to hold second
position in terms of value by the end of year 2017.
Download
exclusive Sample of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=35555
Global
walnut market is expected to increase with significant value CAGR
over the forecast period, owing to increasing application of walnuts
in various industries among which, food industry holds the majority
of share.
Walnut
Market: Segmentation
Walnut
market is segmented on the basis of nature, form, product type,
applications, sales channel and region.
On
the basis of nature, walnut market is segmented into organic and
conventional. Organic segment of Walnut market is expected to witness
relatively high growth over the forecast period, as it is assumed
that organic products are more healthful as compared to conventional
food products.
Walnut
market is segmented on the basis of form into in-shell walnuts and
walnut kernels. Walnut kernels are inner edible seed of walnut fruit
which is processed by removing the endocarp or shell.
Walnut
market is further segmented on the basis of product type into black
walnut and English or Persian walnut. This differentiation is based
on the appearance of walnuts.
On
the basis of application, walnut market is segmented into food
industry, pharmaceutical industry, cosmetics and personal care,
paints and tannin industry and others. Food industry is sub-segmented
into raw and processed sub-segments. The processed sub-segment is
further divided into categories such as oil, butter, sauces &
condiments, bakery & confectionery, and others.
Walnut
market is further segmented on the basis of sales channel
into direct sales and retail sales. Retail sales is further
sub-segmented into modern trade, convenience stores, specialty
outlets, modern grocery stores, online retailing and other retailing
formats. Modern trade segment is expected to exhibit relatively high
value CAGR over the forecast period.
Walnut
market: Drivers, Restraints, and Trends
Increasing
health consciousness among individuals across the globe is expected
to drive the growth of walnut market across the globe. Walnuts
possess multiple nutrients, minerals, proteins as well as essential
fatty acids, owing to which it is preferred by individuals. In many
developed regions such as China, Europe, the U.S., walnut market is
booming, owing to couple of reasons such as increasing awareness
about healthy foods among individuals and increasing per capita
disposable income. Millennial demographic of the world is
increasingly inclined towards natural source of proteins and snacks
which are clean label, which is a factor driving growth of walnut
market. Changing lifestyles, health benefits regarding walnut
consumption, increasing social awareness, is also expected to drive
demand for Walnut. Because of all these factors, people are
preferring to consume walnut, which is driving growth of the walnut
market and this is expected to continue over the forecast period.
On
the other side, climatic conditions could possibly affect the yield
of walnuts, hence could be considered as a restraint, impeding the
market’s trajectory over the forecast period and affecting the
growth of walnut market.
Walnut
Market: Regional Outlook
On
the basis of region, walnut market is segmented into five different
regions: North America, Latin America, Europe, Asia Pacific and MEA.
Among these regions, Asia-Pacific walnut market is expected to
dominate with relatively high value share. China holds relatively
high value of walnut market among the Asia-Pacific as well as global
market. Europe and the U.S. is also expected to have the significant
value share of walnut market, as both of these regions accounts for
significant consumption of walnut. The Latin America Walnut market is
expected to grow significantly over the forecast period. The MEA
walnut market is also expected to increase with significant value
CAGR over the forecast period. Iran accounts for approximately 13% of
world’s walnut production.
Walnut
Market: Key Players
Some
of the key players in Walnut market are California Walnut Company,
Inc., Sacramento Valley Walnut Growers LLC., Crain Walnut Shelling,
Inc., Royal Saffron Company, Kashmir Walnut Group, Webster Ltd,
Diamond Foods, Borges India Private Limited and others.
No comments:
Post a Comment