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 |
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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.
