Australia Walnut Market Report and Forecast 2024-2032

Australia Walnut Market Outlook

The Australia walnut market size reached USD 26.5 million in 2023. The market is expected to grow at a CAGR of 4.1% between 2024 and 2032, reaching USD 38.3 million by 2032.

Key Takeaways:

• In 2022, as per the Australian Nut Industry Council, the farm-gate value stood at $60 million, with an approximate export value of $25 million.

• According to the Australian Nut Industry Council, the production of walnuts and kernels in Australia amounted to 6,500 tonnes in 2021.

• In 2022, the annual domestic consumption of walnuts in Australia was estimated to be between 600 and 800 tonnes in shell and 4,900 tonnes of kernel, boosting Australia walnut market growth.

Due to their ease of cracking, whether they are Persian or English varieties, walnuts contribute significantly to the Australia walnut market.

This accessibility factor often drives up consumer demand, as they are more convenient for consumption. English Walnuts are known for their simple cracking, mild flavor suitable for diverse culinary uses, high nutritional content, versatility in various products, and robust market presence. This ensures stability for growers as there is a consistent demand.

Black Walnut is highly valued for its premium wood used in furniture and flooring. It produces nuts with a distinctive flavor highly prized in culinary applications. With its medicinal uses and ornamental appeal and providing growers with favorable returns.

In recent years, the Australia walnut industry has expanded notably, driven by the rise of large-scale commercial plantations. Key production regions include Tasmania's east coast, the Goulburn Valley near Shepparton, and the Murray Irrigation area around Kerang and Swan Hill in Victoria.

Market Segmentation

Australia Walnut Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Shelled

• In-shell

Market Breakup by Product

• Black Walnut

• Persian or English Walnut

Market Breakup by Form

• Raw

• Processed
  • Powder
  • Oil

Market Breakup by Nature

• Conventional

• Organic

Market Breakup by End Use

• Personal Care and Cosmetics

• Industrial

• Pharmaceuticals

• Household

• Food Industry

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia walnut market key players are Nuts About Life Pty Ltd., Scalzo Trading Company Pty Ltd., Royal Nut Company, Charlesworth Nuts Pty Ltd., and Natural Farmers Pantry among others.

Key Highlights of the Report