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The walnut market size is projected to increase by USD 2.78 billion and the market size is estimated to grow at a CAGR of 5.97% between 2023 and 2028. The market's growth is influenced by several factors, including the increasing popularity of vegan snacks among millennials, rising awareness of the health benefits of walnuts, and the growing demand for frozen and convenience foods. These trends reflect shifting consumer preferences toward healthier and more sustainable snack options. Millennials, in particular, are driving the demand for vegan food due to their focus on health and environmental sustainability. Additionally, the rising awareness of the nutritional value of walnuts is contributing to their increased consumption as a healthy snack choice. Furthermore, the overall demand for convenience foods continues to rise, driven by busy lifestyles and the need for on-the-go snack options. These factors collectively contribute to the growth of the market as manufacturers respond to changing consumer preferences and lifestyle demands.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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