Increasing
inclination of the consumers towards maintaining a healthy lifestyle
has led to an increase in consumption of healthy food products and
food ingredients. Expanding demand for healthy food coupled with the
usage of walnuts in end use industries are the primary drivers
leading the global walnuts market during the forecast period. The
market is also expected to continue being augmented by rising demand
for convenience food, innovation in packaging, and expanding
population willing to pay a premium for healthy fruits. One such
growth in Walnuts market is increasing per capita consumption of
walnuts globally.
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The
global walnuts market is, however, currently restrained by the lack
of vertical integration in the manufacturers in the global market.
Increasing competition among key players is the main challenge for
walnut manufacturers which will lead to decrease in the profit
margin. As competition intensifies in the sector with price wars
among leading players, industry players are expected to improve the
efficiency of their value chain, from inbound logistics to
distribution and, to a large extent, marketing and export of
products. Revenue generated from walnuts market is estimated was
valued at around US$6197.1 mn by the end of 2017 and is expected to
increase at a CAGR of 4.1% over the forecast period. Global walnuts
market are expected to be valued at approximately US$8534.5 mn by the
end of 2025.
With
a share of 69.9% in 2017, Raw Walnuts to Lead Global Market
By
category, the Walnuts market is segmented into inshell walnuts, and
shelled walnuts. The shelled walnuts segment is likely to be the most
attractive segment in the forecast period owing to the increased
usage of walnut meats into various end-user industries. On the basis
of form, the walnuts market can be segmented into raw and processed.
The processed segment is further sub segmented into powder and oil.
The raw walnut segment is estimated to account for a significant
revenue share of 69.9% in 2017 and is expected to register
significant growth rate during the forecast period.
Furthermore,
on the basis of product type, the Walnuts
market is segmented into black and English walnuts. Amongst
these segments, the English walnuts is anticipated to occupy the
largest market share of 93.7% in 2017. By nature, the Walnuts market
can be segmented into organic and conventional where the organic
segment is anticipated to witness significant growth over the
forecast period owing to the increasing proportion of consumers who
wish to pay a premium for organic products. By end use, the Walnuts
market is segmented into plain household and industrial. The
industrial Walnuts segment is likely to be the most attractive
segment in the forecast period.
Some
of the major companies operating in the global Walnuts market are
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, Sacramento Valley Walnut
Growers LLC.
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