The
global walnut market mainly depicts the presence of a highly
fragmented and competitive vendor landscape. This is majorly due to
innumerable players operating in the field. With new companies
entering the market on a regular basis, the competition is expected
to increase dramatically during the upcoming years. Many prominent
companies are facing stiff competition from local vendors. This is
mainly due to the low entry barrier present in the market, wherein
numerous local players are striking gold since several decades.
Get
Brochure For More Information@
Alpine
Pacific Nut, Grower Direct Nut Co. Inc, Guerra Nut Shelling Company,
Poindexter Nut Company, Andersen Shelling Inc, Webster Limited, Royal
Saffron Company, Haleakala Walnut Shelling Inc, Kashmir Walnut Group,
Morada Produce Company L.P., Synder’s Lance ,Inc., Gold River
Orchards, Borges India Private Limited, Empire Nut Company, LLC,
Agromillora Group, California Walnut Company, Crain Walnut Shelling
Inc, Mid Valley Nut, Plantabul Ltd., Pepinoix, Mariani Nut Company
Inc, Grimo Nut Nursery, and Sacramento Valley Walnut Growers LLC, are
key players operating in the global walnut market.
This
market had gained revenue worth US$6197.1 mn in 2017, which is
further expected to grow up to US$8534.5 mn by 2025. This growth is
projected to occur at an impressive CAGR of 4.1% during the forecast
period from 2017 to 2025.
As
walnuts as packed with several nutrients, many consumers showcase a
high demand for this dry fruit variety, consequently driving the
walnut market to rake in impressive growth. With changing lifestyles,
many people are ushering in healthy habits that primarily includes
consumption of nutrient rich foods such as walnuts. Owing to a rise
in such fitness freaks, the demand for these items is increasing,
thereby making the global
walnut market grow at a steady pace. Widespread expansions
occurring in the end use industries owing to mushrooming requirement
of the walnuts is propelling the market too. In addition, a rising
demand for convenience food, innovative and attractive packaging, and
rising population with a high disposable income to spend on premium
dry fruit products is boosting growth in the global walnut market
too.
In
spite of the above described growth inducing factors, poor vertical
integration among walnut manufacturers is notably hindering the
global walnut market. This is not only being observed with respect to
the management of the manufacturers, but also is noted in terms of
production capacity. Such mediocre vertical integration has also
caused many vendors to sell walnut products at expensive prices, thus
making it difficult for those having less disposable income to buy
them. Lastly, a shortage of walnuts and difficulty in transportation
of the goods to remote and underdeveloped regions too is restraining
the global walnut market substantially. Nevertheless, many businesses
are keen to introduce quality and less expensive products in future,
thus offsetting the restraints affecting the market.
Get
more Information:
https://www.prnewswire.com/news-releases/global-walnut-market-growing-awareness-about-healthy-living-to-stir-demand-walnuts-market-to-reach-us85345-mn-by-the-end-of-2025-observes-tmr-669929203.html
No comments:
Post a Comment