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 share, size, 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.
The walnut, derived from the Juglans genus, is a versatile and nutritionally dense nut. It’s recognized by its unique two-segmented shell, resembling a brain. Packed with omega-3 fatty acids, vitamin E, antioxidants, calcium, magnesium, and phosphorus, walnuts are available in various forms, including chopped, ground, and whole. Consuming walnuts offers a multitude of health benefits. They reduce cardiovascular disease risks, lower bad cholesterol levels, boost the immune system, and reduce inflammation. Furthermore, they promote heart health by enhancing blood vessel function. Walnuts are also known to improve cognitive function, memory, and decrease cognitive decline thanks to their anti-inflammatory and antioxidant properties. Additionally, walnuts combat oxidative stress, neutralizing harmful free radicals and contributing to overall cell health. They’re not only good for the body but also for the skin, helping maintain elasticity and hydration, and supporting healthy hair and nails.
GCC Walnut Market Trends and Drivers:
Presently, the GCC region is witnessing a surge in the adoption of nuts known for their potential in mitigating chronic diseases like cancer, cardiovascular issues, and diabetes. This trend is a significant driving force behind the market’s positive trajectory. Furthermore, the increasing consumption of walnuts, attributed to their role in promoting regular bowel movements, preventing constipation, and nourishing beneficial gut bacteria, is fortifying market growth. Additionally, the market in the GCC region is benefiting from the heightened demand for walnuts, primarily due to a growing health-consciousness among consumers. This aligns with the increasing preference for natural, healthful food products. Furthermore, the rising consumption of walnuts, known for their anti-inflammatory properties and joint health benefits, is presenting lucrative opportunities for industry players in the region. Moreover, there’s an escalating demand for high-quality walnuts that are rich in essential nutrients and free from harmful chemicals. This demand is being met through various distribution channels, including hypermarkets, supermarkets, convenience stores, and online platforms, further propelling market expansion.
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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