
Walnut Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Description
The global walnut market reached around 1086.66 KMT in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034 to reach nearly 1577.86 KMT by 2034.
Global Walnut Market Growth
Global walnut production reached a historic high of 3,874,025 tonnes in 2022 due to favourable growing conditions, recording a year-on-year growth of 9.97%. Countries such as China (1,400,000 tons), the United States of America, and Iran led the global production of walnuts with a share of 62.9%. China accounted for nearly 36.1% of the global production in 2022.
In 2021, the number of Google searches related to “vegan food near me” surged by over 5000%. This indicates a rising number of people shifting to plant-based products due to concerns related to animal welfare (68.1%), health and wellness (17.4%), and sustainability (9.7%). Globally, there are nearly 7.9 million vegans with a substantial presence in cities like London, New York, Berlin, Toronto, and Los Angeles. The United Kingdom, Austria, Israel, Australia, and New Zealand have the highest number of vegans in the world. The vegan fashion industry is flourishing due to the rapid increase in the demand for cruelty-free cosmetic products. This is expected to accelerate the demand for walnuts, as they are extensively used as a natural ingredient in food items and cosmetic products, which enhances their consumer appeal.
Key Trends and Developments
Increasing walnut production due to favourable conditions; increasing household demand for walnuts; rising cultivation of climate-resilient crops; and rising demand for packaged food products are the major trends impacting the walnut market expansion.
October 2023
The California Walnut Commission adopted a range of measures by roping in dieticians, researchers, food connoisseurs, and social media influencers to expand its market in India.
July 2023
Unbound Snacks announced its plan to introduce flavoured walnut snacks in brightly-coloured packaging for American consumers.
July 2023
Across 780 retail stores of Tesco (UK), sales of walnuts produced by Californian farmers surpassed weekly diet coke sales.
February 2020
The California Walnut Commission launched a global marketing initiative known as “Power of 3” to raise consumer awareness regarding the health benefits of walnuts in countries such as Japan, the UK, Germany, India, and Turkey, among others. Walnuts are rich in omega-3 ALA, and the consumption of three handfuls (90 grams) of walnuts weekly is an effective way of improving overall nutrition among humans.
Increasing walnut production due to favourable conditions
The production of walnuts surged significantly in China, Romania, and Moldova, reaching 1,500,000 MT, 40,000 MT, and 20,800 MT respectively.
Increasing household demand for walnuts
Walnuts have various culinary applications, including baking, salads, and toppings. This has sustained their popularity among consumers, despite rising prices.
Rising cultivation of climate-resilient crops
In 2023, the USA produced nearly $26.6 billion worth of fruit and tree nuts, which is set to rise substantially by 2033.
Rising demand for packaged food products
Nearly 76% of all consumers consider walnuts to be a healthy ingredient in packaged food products, with 73% of them showing an increased preference for products with walnuts.
Global Walnut Market Trends
During 2022-2033, the aggregate production of tree nuts in the United States is expected to surge by 17%, reaching 8.1 billion pounds in 2033. As per the US Department of Agriculture, the total volume of tree and fruit nut production is expected to cross 51 billion pounds by 2033, with their total value reaching $33.8 billion. This is expected to drive the market expansion over the forecast period.
Global Walnut Industry Segmentation
Global Walnut Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the Asia Pacific is expected to grow at a CAGR of 5.4% as walnut demand and production in countries like China and India surge.
Leading Companies in the Global Walnut Market
Major walnut producers are expected to witness a surge in demand from the food and beverage sector, as companies seek to incorporate natural ingredients into their food products and enhance their nutritional profile.
Global Walnut Market Growth
Global walnut production reached a historic high of 3,874,025 tonnes in 2022 due to favourable growing conditions, recording a year-on-year growth of 9.97%. Countries such as China (1,400,000 tons), the United States of America, and Iran led the global production of walnuts with a share of 62.9%. China accounted for nearly 36.1% of the global production in 2022.
In 2021, the number of Google searches related to “vegan food near me” surged by over 5000%. This indicates a rising number of people shifting to plant-based products due to concerns related to animal welfare (68.1%), health and wellness (17.4%), and sustainability (9.7%). Globally, there are nearly 7.9 million vegans with a substantial presence in cities like London, New York, Berlin, Toronto, and Los Angeles. The United Kingdom, Austria, Israel, Australia, and New Zealand have the highest number of vegans in the world. The vegan fashion industry is flourishing due to the rapid increase in the demand for cruelty-free cosmetic products. This is expected to accelerate the demand for walnuts, as they are extensively used as a natural ingredient in food items and cosmetic products, which enhances their consumer appeal.
Key Trends and Developments
Increasing walnut production due to favourable conditions; increasing household demand for walnuts; rising cultivation of climate-resilient crops; and rising demand for packaged food products are the major trends impacting the walnut market expansion.
October 2023
The California Walnut Commission adopted a range of measures by roping in dieticians, researchers, food connoisseurs, and social media influencers to expand its market in India.
July 2023
Unbound Snacks announced its plan to introduce flavoured walnut snacks in brightly-coloured packaging for American consumers.
July 2023
Across 780 retail stores of Tesco (UK), sales of walnuts produced by Californian farmers surpassed weekly diet coke sales.
February 2020
The California Walnut Commission launched a global marketing initiative known as “Power of 3” to raise consumer awareness regarding the health benefits of walnuts in countries such as Japan, the UK, Germany, India, and Turkey, among others. Walnuts are rich in omega-3 ALA, and the consumption of three handfuls (90 grams) of walnuts weekly is an effective way of improving overall nutrition among humans.
Increasing walnut production due to favourable conditions
The production of walnuts surged significantly in China, Romania, and Moldova, reaching 1,500,000 MT, 40,000 MT, and 20,800 MT respectively.
Increasing household demand for walnuts
Walnuts have various culinary applications, including baking, salads, and toppings. This has sustained their popularity among consumers, despite rising prices.
Rising cultivation of climate-resilient crops
In 2023, the USA produced nearly $26.6 billion worth of fruit and tree nuts, which is set to rise substantially by 2033.
Rising demand for packaged food products
Nearly 76% of all consumers consider walnuts to be a healthy ingredient in packaged food products, with 73% of them showing an increased preference for products with walnuts.
Global Walnut Market Trends
During 2022-2033, the aggregate production of tree nuts in the United States is expected to surge by 17%, reaching 8.1 billion pounds in 2033. As per the US Department of Agriculture, the total volume of tree and fruit nut production is expected to cross 51 billion pounds by 2033, with their total value reaching $33.8 billion. This is expected to drive the market expansion over the forecast period.
Global Walnut Industry Segmentation
Global Walnut Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Shelled
- In-Shell
- Black Walnut
- Persian or English Walnut
- Raw
- Processed
- Conventional
- Organic
- Personal Care and Cosmetics
- Industrial
- Pharmaceuticals
- Household
- Food Industry
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the Asia Pacific is expected to grow at a CAGR of 5.4% as walnut demand and production in countries like China and India surge.
Leading Companies in the Global Walnut Market
Major walnut producers are expected to witness a surge in demand from the food and beverage sector, as companies seek to incorporate natural ingredients into their food products and enhance their nutritional profile.
- Diamond Foods, LLC
- Mariani Nut Company
- BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A.
- Poindexter Nut Company
- California Walnut Company, Inc.
- Tierra Farm
- ROYAL NUT COMPANY
- BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A.
- GoldRiver Orchards, Inc.
- Crain Walnut Shelling, LP
- Others
Table of Contents
172 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Walnut Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Walnut Historical Market (2018-2024)
- 5.3 Global Walnut Market Forecast (2025-2034)
- 5.4 Global Walnut Market by Type
- 5.4.1 Shelled
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 In-Shell
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.5 Global Walnut Market by Product
- 5.5.1 Black Walnut
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Persian or English Walnut
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.6 Global Walnut Market by Form
- 5.6.1 Raw
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Processed
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.7 Global Walnut Market by Nature
- 5.7.1 Conventional
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Organic
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.8 Global Walnut Market by End Use
- 5.8.1 Personal Care and Cosmetics
- 5.8.1.1 Historical Trend (2018-2024)
- 5.8.1.2 Forecast Trend (2025-2034)
- 5.8.2 Industrial
- 5.8.2.1 Historical Trend (2018-2024)
- 5.8.2.2 Forecast Trend (2025-2034)
- 5.8.3 Pharmaceuticals
- 5.8.3.1 Historical Trend (2018-2024)
- 5.8.3.2 Forecast Trend (2025-2034)
- 5.8.4 Household
- 5.8.4.1 Historical Trend (2018-2024)
- 5.8.4.2 Forecast Trend (2025-2034)
- 5.8.5 Food Industry
- 5.8.5.1 Historical Trend (2018-2024)
- 5.8.5.2 Forecast Trend (2025-2034)
- 5.8.6 Others
- 5.9 Global Walnut Market by Region
- 5.9.1 North America
- 5.9.1.1 Historical Trend (2018-2024)
- 5.9.1.2 Forecast Trend (2025-2034)
- 5.9.2 Europe
- 5.9.2.1 Historical Trend (2018-2024)
- 5.9.2.2 Forecast Trend (2025-2034)
- 5.9.3 Asia Pacific
- 5.9.3.1 Historical Trend (2018-2024)
- 5.9.3.2 Forecast Trend (2025-2034)
- 5.9.4 Latin America
- 5.9.4.1 Historical Trend (2018-2024)
- 5.9.4.2 Forecast Trend (2025-2034)
- 5.9.5 Middle East and Africa
- 5.9.5.1 Historical Trend (2018-2024)
- 5.9.5.2 Forecast Trend (2025-2034)
- 6 North America Walnut Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Walnut Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Walnut Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Walnut Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Walnut Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Value Chain Analysis
- 13 Price Analysis
- 14 Manufacturing Process
- 15 Competitive Landscape
- 15.1 Supplier Selection
- 15.2 Key Global Players
- 15.3 Key Regional Players
- 15.4 Key Player Strategies
- 15.5 Company Profiles
- 15.5.1 Diamond Foods, LLC
- 15.5.1.1 Company Overview
- 15.5.1.2 Product Portfolio
- 15.5.1.3 Demographic Reach and Achievements
- 15.5.1.4 Certifications
- 15.5.2 Mariani Nut Company
- 15.5.2.1 Company Overview
- 15.5.2.2 Product Portfolio
- 15.5.2.3 Demographic Reach and Achievements
- 15.5.2.4 Certifications
- 15.5.3 Borges Agricultural and Industrial Nuts, S.A.
- 15.5.3.1 Company Overview
- 15.5.3.2 Product Portfolio
- 15.5.3.3 Demographic Reach and Achievements
- 15.5.3.4 Certifications
- 15.5.4 Poindexter Nut Company
- 15.5.4.1 Company Overview
- 15.5.4.2 Product Portfolio
- 15.5.4.3 Demographic Reach and Achievements
- 15.5.4.4 Certifications
- 15.5.5 California Walnut Company, Inc.
- 15.5.5.1 Company Overview
- 15.5.5.2 Product Portfolio
- 15.5.5.3 Demographic Reach and Achievements
- 15.5.5.4 Certifications
- 15.5.6 Tierra Farm
- 15.5.6.1 Company Overview
- 15.5.6.2 Product Portfolio
- 15.5.6.3 Demographic Reach and Achievements
- 15.5.6.4 Certifications
- 15.5.7 Royal Nut Company
- 15.5.7.1 Company Overview
- 15.5.7.2 Product Portfolio
- 15.5.7.3 Demographic Reach and Achievements
- 15.5.7.4 Certifications
- 15.5.8 Borges Agricultural & Industrial Nuts, S.A.
- 15.5.8.1 Company Overview
- 15.5.8.2 Product Portfolio
- 15.5.8.3 Demographic Reach and Achievements
- 15.5.8.4 Certifications
- 15.5.9 GoldRiver Orchards, Inc.
- 15.5.9.1 Company Overview
- 15.5.9.2 Product Portfolio
- 15.5.9.3 Demographic Reach and Achievements
- 15.5.9.4 Certifications
- 15.5.10 Crain Walnut Shelling, LP
- 15.5.10.1 Company Overview
- 15.5.10.2 Product Portfolio
- 15.5.10.3 Demographic Reach and Achievements
- 15.5.10.4 Certifications
- 15.5.11 Others
Pricing
Currency Rates
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