Processed Walnuts Market Size
| 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 Market Trends
This section covers the major market trends shaping the Processed Walnuts Market according to our research experts:
Increased Demand For Healthy Snacking
Consumers are looking for food alternatives that are packed with essential vitamins as a result of changes in their nutrition needs and dietary patterns. They have turned to superfoods such as nuts, seeds, and cereals for healthy snacking. Due to their robust content of minerals and nutrients, walnuts are perceived as extremely healthy nuts. For instance, According to the United States Department of Agriculture, walnuts have a high content of polyunsaturated fats, fiber, thiamine, vitamin B6 and minerals such as phosphorous, magnesium, zinc, copper, and manganese. Moreover, walnuts are a source of iron, potassium, and other nutrients which is boosting the demand for processed walnuts market.
Furthermore, a range of flavor innovations offered by key brands is influencing the consumption patterns of target consumer groups. For instance, brands, like Crazy Go Nuts, The Nutty Gourmet, and Diamond, expanded their offerings in the past year to include delightfully seasoned walnut snacks in flavors, like chocolate espresso, buffalo, rosemary, teriyaki, and wasabi.
Asia-Pacific is the Fastest Growing Regional Market
Prevalent production of walnuts in the region and widespread use of walnuts in home cooking along with the rising inclination towards on-the-go healthy snacks are the key factors driving the growth of the Asia Pacific processed walnuts market. For instance, according to International Nut and Fruit Council, China is the largest producer of walnuts and also has the highest consumption rate globally with a consumption of 433,742 Metric Tonns in 2020. In India, over 29 thousand metric tons of walnuts were consumed in 2020, an increase over the previous year's consumption of over 19 thousand metric tons.
Processed walnut brands that feature light kernel varieties, food safety certification, and follow sustainable packaging and manufacturing standards are highly favored by Asian consumers. The use of walnuts in pies, cakes, and other homemade dishes is further boosting the sales of processed walnuts in the Asia Pacific.
Processed Walnuts Industry Overview
The Processed Walnut Market is fragmented with many industrial players including private labels, unorganized local players, and international packaged snacks brands. Some of the major players identified in the global processed walnut market include Future Group (Future Consumer Limited), Diamond Foods, LLC, and Happilo International Pvt Ltd among others. These companies are embarking on business strategies including product innovations, partnerships, strengthening their hold over online and offline distribution channels, and mergers & acquisitions to expand their visibility and portfolio of offerings, thus, augmenting the growth of the market.
Processed Walnuts Market Leaders
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Diamond Foods, LLC
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Future Group (Future Consumer Limited)
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Kashmir Walnut Group
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Happilo International Pvt Ltd
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Coopeniox
*Disclaimer: Major Players sorted in no particular order
Processed Walnuts Market News
- In August 2020, Diamond of California launched its first-ever line of Ready-to-Eat Snack Walnuts as a part of brand expansion. The walnut snacks are launched in eight flavors including Hot Honey, Himalayan Pink Salt, Teriyaki & Wasabi, Salted Dark Chocolate, Hickory Smoked Bacon, Chile Lime, and Cinnamon Churro.
- In January 2020, Future Consumer Limited entered into a long-term agreement with Amazon Retail India Private Limited for the distribution of the Future Consumer Limited company's portfolio of brands through the online distribution channel.
- In October 2020, Maine Crisp, Waterville-based Maine Crisp Company that offers wild blueberry walnut crisps and other products, collaborated with Whole Foods, a supermarket chain to place Maine Crisp's products in each of the retailer's New England supermarkets.
Processed Walnuts Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Plain
5.1.2 Flavored
5.1.2.1 Salted
5.1.2.2 Sweet Flavored
5.1.2.3 Others
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Retail Stores
5.2.4 Others
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Spain
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Future Group (Future Consumer Limited)
6.3.2 Happilo International Pvt Ltd
6.3.3 Grower Direct Nut Co. Inc
6.3.4 Kashmir Walnut Group
6.3.5 Natco Foods
6.3.6 Coopeniox
6.3.7 Proventus Retail Private Limited
6.3.8 Diamond Foods, LLC
6.3.9 Plantabul Ltd
6.3.10 Karamhans Foods Pvt. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
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 Research 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.
Which is the fastest growing region in Processed Walnuts Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Processed Walnuts Market?
In 2024, the Europe accounts for the largest market share in Processed Walnuts Market.
What years does this Processed Walnuts Market cover?
The report covers the Processed Walnuts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Processed Walnuts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Processed Walnuts Industry Report
Statistics for the 2024 Processed Walnuts market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Processed Walnuts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
