Walnut Market Size, Share, Growth Opportunity and Forecast Report 2025-2033

Rahul Pal
2 hours ago
3 min read

MARKET OVERVIEW

The global Walnut market size was valued at USD 8.7 Billion in 2024 and is forecast to reach USD 12.7 Billion by 2033, growing at a CAGR of 4.2% during 2025-2033. This growth is driven by rising consumer awareness of walnuts' health benefits, expansion of retail and online channels, increasing popularity of walnut milk, and advancements in agricultural technologies.

STUDY ASSUMPTION YEARS

Base Year: 2024
Historical Years: 2019-2024
Forecast Year/Period: 2025-2033

WALNUT MARKET KEY TAKEAWAYS

Current Market Size: USD 8.7 Billion (2024)
CAGR: 4.2% (2025-2033)
Forecast Period: 2025-2033
Walnut consumption is increasing due to health benefits like enhanced heart and cognitive health.
Raw and organic walnuts are increasingly preferred for their natural and pure qualities.
Walnut milk demand is growing, with over 40% of walnuts used for its production.
Asia Pacific dominates the market, driven by local production and cultural acceptance.
Technological advancements are improving walnut production efficiency and quality.

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MARKET GROWTH FACTORS

The walnut market growth is mainly driven by the increased consumer awareness of walnuts as a healthy food with the main benefits of better heart health and cognitive improvement. It is the health research that promotes walnuts to various age groups that creates the demand. Among others, one of the marketing strategies to increase the consumption is the California Walnut Board's promotion of adding walnuts to 7,400 US grocery stores.

The fast advancement of technology in agriculture and processing has made it possible not only to produce more walnuts but also better ones, thus making the high-quality walnuts accessible worldwide and at low prices. The precision farming and eco-friendly agriculture methods are the main contributing factors to the walnut market expansion.

The increasing popularity of walnut milk, which is a good source of omega-3s, fibers, and vitamins, is one of the main reasons the market is growing. Walnut milk consumes over 40% of walnut production mainly, and it is used as an ingredient in many food and beverage products. The obesity epidemic is projected to lead to an increase in demand for walnuts and therefore their heart-healthy products, along with the focus on the continuous innovations in nut processing.

MARKET SEGMENTATION

Breakup by Type:

In-shell: Holds the largest market share due to longer shelf life and perceived freshness; preferred for traditional recipes and health-conscious snacking.
Shelled: Not the dominant segment.

Breakup by Product:

Persian or English Walnut: Dominates the market with its thin shell, large kernel, versatile culinary and industrial use, and health benefits.
Black Walnut: Secondary segment.

Breakup by Nature:

Organic: Growing with consumer preference for pure and minimally processed foods.
Conventional: Largest segment due to affordability, availability, and traditional farming methods.

Breakup by Form:

Raw: Largest share attributed to versatility, nutritional benefits, and preference for minimally processed foods.
Processed: Smaller segment.

Breakup by End Use:

Household: Significant share driven by everyday walnut consumption and recognition as a nutrient-rich snack.
Industrial: Used extensively in food processing, bakery, confectionery, and ready-to-eat meals.
Personal Care and Cosmetics: Walnut oil and ground shells used for skin and hair care products.
Others: Remaining end uses.

REGIONAL INSIGHTS

Asia Pacific leads the walnut market, accounting for the largest share. This dominance is attributed to high consumption rates in populous countries, increasing demand from emerging economies, extensive local cultivation minimizing import reliance, and strong cultural acceptance. The region benefits from heightened consumer health awareness and robust distribution networks.

RECENT DEVELOPMENTS & NEWS

In March 2023, Andersen & Sons Shelling enhanced their in-house retail packing by integrating Mettler-Toledo Safeline's X36 X-ray system for improved food safety and inspection. Their facility in Vina, California, now handles a wide range of nuts including walnuts, almonds, and macadamia nuts, packaged in various retail formats, reflecting ongoing innovation in walnut processing and packaging.

KEY PLAYERS

Agromillora Group
Alpine Pacific Nut Company
Andersen and Sons Shelling Inc.
Crain Walnut Shelling Inc
Empire Nut Company LLC
GoldRiver Orchards Inc.
Grower Direct Nut Co. Inc.
Guerra Nut Shelling Co Inc
Haleakala Walnut Shelling Inc.
Kashmir Walnut Group
Poindexter Nut Company

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