Latest News- Walnut Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Walnut Market is being driven by Rising popularity of vegan snacks among millennials

The Walnut Market is expected to grow at a CAGR of 5.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2777.2 million. Walnut oil, derived from the nuts of the walnut tree, is a valuable commodity in the cosmetic industry due to its rich nutritional profile and beneficial properties for skin and hair. This premium oil is renowned for its high content of omega-3 fatty acids, making it an excellent nourishing agent for both skin and hair. In the realm of beauty, walnut oil is widely used as a massage oil and in aromatherapy. Its restorative properties extend to the treatment of various skin concerns, including dark circles, and even fungal infections, such as ringworm and athlete's foot. The increasing recognition of walnut oil's efficacy has led to a surge in its utilization within the cosmetic industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Type
  • Organic
  • Conventional
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
    • Spain
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising popularity of vegan snacks among millennials
• Rising awareness about health benefits of walnuts
• Rising demand for convenience foods

However, the market also witnesses some limitations, which are as follows:

• High production costs associated with walnuts
• Climate change and environmental factors related to production of walnuts
• Trade regulations and tariffs associated with walnuts

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Market Scope in Walnut Market Research Report

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Research Analysis Overview

Walnuts, a member of the Juglandaceae family, are a rich source of essential nutrients, including Omega-3 fats, antioxidants, fibers, proteins, carbohydrates, calcium, iron, sodium, phosphorus, and manganese. This nutritious snack offers numerous health benefits, making it a popular choice among millennials and vegans. Walnuts can be consumed as a raw snack or transformed into various convenient food items like walnut milk, nut butter, and bakery products. However, it's essential to avoid transfat and cholesterol-laden snacks like beef jerky and chocolate. Food safety certification is crucial to ensure the quality and safety of these products. Walnuts' health benefits extend beyond their raw form, making them a versatile ingredient in the snacking business. From baked goods and confectionery to ready-to-eat meals, walnuts add value to various food categories. Their nutritional content, including Omega-3 fats, antioxidants, and essential nutrients, makes them a healthy alternative to conventional snacks.

Market Research Overview

In the agricultural sector, the walnut market falls under the horticulture segment, specifically in the production of tree nuts. Pre-production processes in this market involve careful selection of walnut varieties and optimal land preparation for cultivation. Walnut farming encompasses tree nut farming, which includes planting, pruning, and irrigating walnut trees. This stage is crucial as it sets the foundation for the successful growth and yield of high-quality walnuts. Additionally, the pre-production phase may include organic farming practices to produce organic walnuts, ensuring healthier and more sustainable nuts for consumers. Furthermore, the market for walnuts extends to value-added products such as walnut oil, nut butter, snacks, beverages, and desserts. These products undergo various production processes, including cold-pressing for walnut oil, roasting for snacks, and blending for nut butters, to create a diverse range of offerings catering to consumer preferences for nutrient-dense, vegan-friendly, and plant-based protein sources.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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