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[ 英語タイトル ] Walnut Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Product Code : MDAG00113055
Survey : Mordor Intelligence
Publish On : May, 2021
Category : Agriculture and Allied Activities
Report format : PDF
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[Report Description]

The global walnut market is projected to register a CAGR of 4.4% during the forecast period (2021-2026). The outbreak of coronavirus has affected walnut production and caused disruptions in the export and import markets, distribution, packing, and supply chain logistics. The value addition activities were affected negatively as disrupted distribution channel tends to lower the end-products of walnuts in the market. The extended lockdown has hit consumption as well as demand in the Asia Pacific region which is the largest walnut consumer. With the growing inclination of the consumers towards maintaining a healthy lifestyle, the high amount of nutritional content, and health benefits associated with walnuts make it one of the most important species of tree nuts and are consumed worldwide. Moreover, rising per capita consumption of walnuts coupled with rising demand for convenience food coupled with innovation in packaging, and expanding population willing to pay a premium for healthy fruits are some other factors propelling the market growth. As per FAOSTAT, the production of in-shell walnuts in China is 2.52 million metric tons in 2019. The production is estimated to lower by 15%, due to the effects of the previous year’s damage caused by frost. Additionally, adequate stocks in the country and high international walnut prices affected the demand for walnuts in China during 2018-2019, which keep the imports lower. It is estimated that close to 50% of the walnuts produced worldwide moves into retail consumption while usage in the food processing industry as an ingredient in the manufacture of nut butter, bakery products, confectionery and other similar products constitutes 42%.

Key Market Trends

Increasing Demand in the Food Processing Industry

The percentage of globally traded walnuts consumed as an ingredient in industries such as bakery, confectionery, chocolate, nut butter, and similar processed products is increased. Due to its nutritional benefits, walnuts also find their way into beef jerky snacks, ready-to-eat meals, and other products. Apart from the bakery items, walnuts are being incorporated in the savory dishes, traditional sweets, and in the local restaurants. The versatility of walnuts as an ingredient has been enhanced over the past few years with the increase in international trade of walnuts as a commodity. This is evident as consumers are using walnuts in beverages, breakfast cereals, and in-home baking. It has been estimated that close to 60.0% of the walnuts consumed by the global food industry moves into the confectionary channel.

Increasing Walnut Consumption in the Asia-Pacific Region

The Asia Pacific region contributes almost 36.0% of the global consumption of walnuts. The value of walnuts consumed in the regions stood at 2.73 billion in the year 2018. Walnut consumption in the region is dominated by the consumption of China. The per capita consumption of walnuts, by China, is also increasing yearly and has shown a growth of 10.5 times in the past 21 years. Mostly, the demand is met through domestic production, while the baking and processed food sectors account nearly half of the walnuts consumed in the country. The snacking industry consumes bulk of the total walnuts, which is expected to further increase, during the forecast period.

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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.4.1 Value Chain Overview
4.4.2 Price Markups in the Value Chain
4.4.3 Stakeholders in the Value Chain

5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
5.1.1 North America United States Mexico
5.1.2 Europe Ukraine Chile Italy Spain Netherlands Moldova
5.1.3 Asia Pacific China Australia Turkey
5.1.4 South America Chile Brazil Peru
5.1.5 Middle East and Africa Turkey Egypt





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