In order or surging consumer inclination towards maintaining a healthy lifestyle habits and increasing awareness about health beneficial of walnut has led to an increase in consumption of walnut products globally. Moreover, increasing consumption of convenience food and innovation in packaging, and expanding population willing to pay a premium for healthy diet might act as a future growth opportunity to the very market.This growth is primarily driven by Increasing Inclination of the Consumers towards Maintaining a Healthy Lifestyle, Rising Affordability of Middle-Class Population in Developing Nations and Increasing Usage of Walnut in the Pharmaceutical Industry.
Globally, a noticeable market trend is evident Expanding Demand for Healthy Food
. Major Vendors, such as Archer Daniels Midland (United States), Olam International (Singapore), Hammons (United States), Carriere Family Farms (United States), Barry Callebaut (Belgium), Kanegrade Limited (United Kingdom), Kerry Group (Ireland), Fruisec (France), The Hershey Company (United States) and Mars Incorporated (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Inclination of the Consumers towards Maintaining a Healthy Lifestyle
- Rising Affordability of Middle-Class Population in Developing Nations
- Increasing Usage of Walnut in the Pharmaceutical Industry
- Expanding Demand for Healthy Food
- Innovation in Packaging of Walnut Products
- Lack of Vertical Integration in the Manufacturers
Rising Demand for Convenience Food and Increasing Per Capita Consumption of Walnuts Globally.
High Price of Walnut Products
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