GlobalWalnut Market: Snapshot
Recentlifestyle shifts have led people to look for options that are packed withessential nutrients. And, the search has led them to superfoods. And, nuts areparticularly known to be super-effective in this domain. Considering, that justa handful is sufficient in to cover a significant portion of daily calorificintake and a respectable portion of minerals and vitamins. And, walnut areno different. Rich in minerals, fiber, fats, antioxidants, Omega-3s, andvitamins, they are garnering huge popularity.
Some otherfactors also help them see growth in their demand. For instance, theiranti-inflammatory properties are quite liked by consumers. It also reduces riskof cancer and promotes a healthy gut, making itself a must have most new ageconsumers.
Here, it issignificant to note that as hectic jobs, longer clock-in periods and hugeworkloads become the norm, will to focus and prepare meals that are balanceddepletes. Thus, it does not come as a surprise that millennial consumer islooking for easy foods that are also functional. At this point, it is alsopertinent to spell out factors that are compounding the situation in terms ofproper nutrient intake. Two of these are rise in nuclear families and rise indual income families.
Also, it isquite important to note that these are not just being consumed in snacks butalso in bakery and confectionary products, beverages, salads, sauce, dressings,and even desserts. Some of the spreads also include walnuts as part of theingredients list.
Thus, the walnutmarket, as analyzed by Transparency Market Research (TMR), would growat a steady CAGR (Compound Annual Growth Rate) of 4.1% over the forecast periodof 2017 to 2025. This will translate to a higher market worth of value USD 8534.5million by the end of the forecast period. It is a remarkable increase from theworth noted in 2017 – USD 6197.1 million.
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AsiaPacific to Generate Untapped Opportunities for the Global Walnut Market Playersover the Forecast Period
A wideconsumer base and a culture of having nuts as snacks will help the Asia Pacific(APAC) region to chart a significant CAGR over the forecast period. Besides,their use in pharmaceuticals is also driving growth in the region. Besides,some of the recipes that the region is known for includes walnuts as a criticalcomponent – some of the salads, desserts and so on. The growth trend would befollowed by Middle East and Africa.
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Competitive Landscape of GlobalWalnut Market to be Fragmented over the Forecast Period
Owing to alarge number of players – both local and international – in the market, thecompetitive landscape is quite fragmented. Players that have made their markare now considered game changers in the marketscape include Alpine Pacific Nut,Grower Direct Nut Co. Inc., Guerra Nut Shelling Company, Poindexter NutCompany, Andersen Shelling Inc., Webster Limited, Royal Saffron Company,Haleakala Walnut Shelling Inc., Kashmir Walnut Group, Morada Produce CompanyL.P., Synder’s Lance, Inc., Gold River Orchards, Borges India Private Limited,Empire Nut Company, LLC, among others. And, thus, it does not come as asurprise that the landscape is also quite competitive.
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