Market Size of Processed Walnuts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Processed Walnuts Market Analysis
The Processed Walnuts Market is projected to register a CAGR of 4.2 % during the forecast period, 2022-2027.
Growing consumer preference for a nutrition-rich diet and inclination towards convenience food is driving the demand for nut-based snacks such as processed walnuts. Additionally, health-conscious millennials are increasingly utilizing nuts and seeds in household cooking to enhance the nutritional value of their meals. Also, the growing trend of baking at home and the widespread use of walnuts in the traditional cuisine of different regions is anticipated to drive the consumption of plain processed walnuts.
Additionally, dietary guidelines by government authorities of different countries such as Australia, the U.S., and European nations are promoting the consumption of walnuts. For instance, in July 2021, The California Walnut Board launched Snacking Retail Campaign to bring more attention to the benefits of walnuts as a nutritious snack. The new campaign includes walnut displays and promotions in more than 7,400 food retailers across the United States. Further, ongoing developments in walnut processing technologies are expected to foster market expansion during the forecast period. Many patents have been developed for the walnut mechanical cracking and kernel fetching, kernel shell separation, and walnut classification techniques that can significantly improve the walnut shell cracking rate and decrease the walnut kernel breaking rate which results in the growth of the processed walnuts market.
Processed Walnuts Industry Segmentation
Processed walnuts are the final edible parts of walnut that are obtained after walnuts undergo several processing operations including harvesting, hulling, drying, and shelling. The study scope includes walnuts available in different flavors as packaged snacks across retail markets along with the plain walnuts used in household cuisine. The global processed walnut market (henceforth referred to as the market studied) is segmented by type, distribution channel, and geography. By type, the market is segmented into plain and flavored walnuts. By flavored, the market is further segmented into salted, sweet-flavored, and others. Based on the distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience stores, online stores, and other distribution channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, Middle-East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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Processed Walnuts Market Size Summary
The processed walnuts market is experiencing growth driven by increasing consumer demand for nutrition-rich and convenient food options. This trend is particularly evident among health-conscious millennials who are incorporating nuts and seeds into their cooking to boost meal nutrition. The rise in home baking and the use of walnuts in traditional cuisines further contribute to the market's expansion. Government dietary guidelines in countries like Australia, the U.S., and European nations are also promoting walnut consumption, supported by initiatives such as The California Walnut Board's Snacking Retail Campaign. Advances in walnut processing technologies, including improved cracking and classification techniques, are expected to enhance market growth by increasing efficiency and reducing waste.
In the Asia Pacific region, the processed walnuts market is bolstered by the prevalent production and consumption of walnuts, with China leading in both production and consumption rates. The region's growing preference for on-the-go healthy snacks and the use of walnuts in various homemade dishes are key growth drivers. Consumers are increasingly favoring brands that offer light kernel varieties and adhere to sustainable practices. The market is fragmented, with numerous players, including private labels and international brands, engaging in product innovations and strategic partnerships to expand their market presence. Notable companies like Diamond Foods, LLC, and Future Group are actively enhancing their product offerings and distribution channels to capture a larger market share.
Processed Walnuts Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Plain
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2.1.2 Flavored
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2.1.2.1 Salted
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2.1.2.2 Sweet Flavored
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2.1.2.3 Others
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Retail Stores
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2.2.4 Others
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Processed Walnuts Market Size FAQs
What is the current Processed Walnuts Market size?
The Processed Walnuts Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Processed Walnuts Market?
Diamond Foods, LLC, Future Group (Future Consumer Limited), Kashmir Walnut Group, Happilo International Pvt Ltd and Coopeniox are the major companies operating in the Processed Walnuts Market.
