Walnuts

As of knowledge cutoff date of 2021, the global walnuts market was valued at approximately $9.5 billion USD and was expected to grow at a CAGR of around 4.5% from 2021 to 2026.

The demand for walnuts is driven by their nutritional value, particularly their high levels of omega-3 fatty acids, antioxidants, and other beneficial compounds. Further, walnuts are also versatile and can be used in a variety of products, including baked goods, snack foods, and salads.

The largest producers of walnuts in the world are China, the United States, and Iran. In addition, California produces the majority of walnuts in the US and is the largest exporter of walnuts globally.

One challenge facing the global walnut market is the outbreak of fungal diseases, particularly walnut blight, which can significantly reduce yields. Moreover, climate change and fluctuations in weather patterns can also impact walnut production.

In terms of consumption, the Asia-Pacific region is the largest consumer of walnuts, followed by North America and Europe. However, there is a growing trend towards increased consumption of walnuts in emerging markets such as India and Brazil.

Walnut Market – Growth, Trends, COVID-19 Impact, and Forecasts (2023 – 2028)

As a result, It is important to note that market conditions can change rapidly and may be impacted by various factors such as global trade policies, geopolitical events, and shifts in consumer demand.