Walnut Market Size, Share, Trends, Key Players, and Forecast 2025-2033

Market Overview

The global walnut market size reached USD 8.7 Billion in 2024 and is expected to grow to USD 12.7 Billion by 2033, expanding at a CAGR of 4.2% during the forecast period 2025-2033. Growth is driven by increasing consumer awareness of walnut health benefits, the rise of retail and online distribution channels, popularity of walnut milk, diverse culinary uses, advancements in agricultural technology, and evolving trade policies.

Study Assumption Years

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

Walnut Market Key Takeaways

• Current Market Size: USD 8.7 Billion in 2024
• CAGR: 4.2% during 2025-2033
• Forecast Period: 2025-2033
• Walnut intake is increasing due to its recognized health benefits such as enhanced heart and cognitive health.
• Raw and organic walnut consumption is rising with a preference for natural, minimally processed foods.
• Asia Pacific dominates the global walnut market, supported by strong local production and consumption.
• Walnuts are increasingly used in personal care and cosmetic products owing to their moisturizing and anti-inflammatory properties.

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Market Growth Factors

The walnut market is primarily driven by the increasing consumer awareness of the numerous health benefits walnuts offer. Rich in omega-3 fatty acids, antioxidants, and fiber, walnuts support heart health, cognitive function, and weight management. This growing knowledge base among consumers is propelling demand across diverse demographics and has led to promotional initiatives such as the California Walnut Board's Snacking Retail Campaign initiated in July 2021, which introduced walnut products in around 7,400 grocery stores in the United States.

Advancements in agricultural technologies have also improved walnut production efficiency and quality. These technical improvements enable the widespread availability of high-quality walnuts at competitive prices. The rising adoption of precision farming techniques and sustainable practices among major walnut producers is enhancing yield and expanding product portfolios, including value-added items such as walnut oils, flours, and plant-based walnut milk.

The expansion of retail formats is further fueling market growth. Walnuts are now widely accessible through supermarkets, hypermarkets, online platforms, and specialty stores. The U.S. retail sales are expected to grow by 2.5% to 3.5%, reaching approximately $5.23 trillion in 2024. Emerging markets like India are witnessing a boom in organized retail, projected to reach US$ 2 trillion by 2032, which broadens consumer access and accelerates walnut consumption. Additionally, the rising popularity of walnut milk, which comprises over 40% of walnut production and is valued for its omega-3 fatty acids and vitamin E content, is driving new product development and consumer interest in healthy dairy alternatives.

Market Segmentation

By Type:

• In-shell: Holds the majority market share due to longer shelf life and perceived freshness. Consumers prefer in-shell walnuts for their natural state and nutritional value. They are also popularly used during festive seasons and marketed as health and wellness products.
• Shelled

By Product:

• Persian or English Walnut: Dominates the market with its thin shell, large plump kernel, distinctive taste, texture, and versatile culinary uses. Known for high omega-3 fatty acid content, it is favored by health-conscious consumers.
• Black Walnut

By Nature:

• Conventional: Constitutes the largest market segment due to affordability and widespread availability. Produced with traditional farming using chemical fertilizers and pesticides, conventional walnuts benefit from established supply chains and extensive distribution networks.
• Organic

By Form:

• Raw: Leads the market segment owing to consumer preference for minimally processed foods and full nutritional benefits. Used in baking, cooking, and health-focused diets.
• Processed

By End Use:

• Household: Significant market portion driven by increasing walnut incorporation into daily diets for health and versatility in meals.
• Industrial: Widely used in food processing for bakery products, confectioneries, snacks, and RTE meals, leveraging walnut’s flavor and texture.
• Personal Care and Cosmetics: Growing utilization of walnut oil and ground shells for moisturizing, anti-inflammatory, and exfoliating properties in skincare products.
• Others

Regional Insights

Asia Pacific accounts for the largest share of the global walnut market. This leadership is driven by strong local production, high consumption in populous countries, and expanding demand from emerging economies. Consumer awareness about health and wellness and cultural acceptance of walnuts as a traditional and premium health product support market growth. Additionally, robust cultivation practices reduce dependence on imports, ensuring fresher and affordable products.

Recent Developments & News

In March 2023, Andersen & Sons Shelling introduced an in-house retail packing line incorporating the Mettler-Toledo Safeline's X36 X-ray inspection system. This upgrade enhanced food safety with improved detection levels and user interface. Andersen’s Vina, California facility processes various nuts including walnuts and offers diverse packaging solutions, strengthening its market presence.

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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