GCC Walnut Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “GCC walnut market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the GCC walnut market growth, size, share, trends, report and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The GCC walnut market is projected to exhibit a growth rate (CAGR) of 5.6% during 2023-2028. The growing consumption to maintain strong and healthy bones, increasing adoption of walnuts to improve hair growth and promote skin elasticity, and wide availability through online and offline distribution channels represent some of the key factors driving the market.
Walnut is a versatile and nutritionally rich nut that originated from the Juglans genus. It is known for its distinctive two-segmented shell and brain-like appearance. It is rich in omega-3 fatty acids, vitamin E, antioxidants, calcium, magnesium, and phosphorus and is widely available in several forms, such as chopped, ground, and whole. It lowers the risk factors for cardiovascular diseases, reduces bad cholesterol levels, improves the immune system, decreases inflammation, and promotes heart health by improving blood vessel function among individuals. It assists in enhancing cognitive function, improving memory, and reducing cognitive decline due to its anti-inflammatory and antioxidant properties. It aids in combatting oxidative stress in the body, neutralizing harmful free radicals, and promoting overall cell health. Besides this, it is beneficial in maintaining the elasticity and hydration of the skin and supports healthy hair and nails. As it is widely consumed on its own or is utilized in various food dishes, such as salads, desserts, and baked goods, the demand for walnut is rising in the GCC region.
GCC Walnut Market Trends and Drivers:
At present, the increasing adoption of nuts that are beneficial in reducing the risk of various chronic diseases, such as cancer, cardiovascular diseases, and diabetes, among individuals in the GCC region represents one of the major factors influencing the market positively. Moreover, the rising consumption of walnuts, as they support regular bowel movements, prevent constipation, and provide nourishment for beneficial gut bacteria, is strengthening the growth of the market in the GCC region. Apart from this, the escalating demand for walnuts on account of the rising health consciousness among individuals is offering a positive market outlook in the GCC region. In line with this, the increasing preference for consuming naturally healthy food products among individuals is contributing to the growth of the market. Besides this, the increasing consumption of walnuts, as they improve inflammation-related conditions and enhance joint health, is offering lucrative growth opportunities to industry players in the region. In addition, there is a rise in the demand for high-quality walnuts that offer essential nutrients to the body and are chemical-free. Furthermore, the wide availability of walnuts through numerous distribution channels, such as hypermarkets, supermarkets, and convenience and online stores in the region, is bolstering the growth of the market. Additionally, the rising demand for nuts with dietary fiber that helps in creating a feeling of fullness and curbing excessive calorie intake among individuals is supporting the growth of the market in the GCC region.
The report segmented the market on the basis of region, type, product, nature, form, and end use.
Type Insights:
- In-shell
- Shelled
Product Insights:
- Persian or English Walnut
- Black Walnut
Nature Insights:
- Organic
- Conventional
Form Insights:
- Raw
- Processed
End Use Insights:
- Household
- Industrial
- Personal Care and Cosmetics
- Others
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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