Product Code: ETC411503 | Publication Date: Oct 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Singapore Walnut market currently, in 2023, has witnessed an HHI of 7908, Which has increased moderately as compared to the HHI of 4700 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Singapore walnut market caters to consumers seeking a nutritious and flavorful nut option. Walnuts are appreciated for their taste and potential health benefits. Market dynamics are influenced by responsible sourcing, product quality, and meeting consumer preferences for high-quality walnuts.
The Singapore walnut market is set to expand due to the increasing awareness of the health benefits associated with walnuts. Walnuts are rich in omega-3 fatty acids and antioxidants, making them a sought-after snack and ingredient in various dishes. As consumers prioritize heart-healthy food choices, walnuts are expected to gain popularity. Their versatility in both sweet and savory applications positions them as a growth driver in the market.
The walnut market in Singapore faces challenges related to walnut sourcing, nut quality, and market competition. Walnuts are known for their nutritional benefits, and ensuring their quality and authenticity is essential. Addressing concerns about walnut sourcing, nut grading standards, and meeting market demand for high-quality nuts are key challenges for market competitiveness.
The walnut market in Singapore demonstrated adaptability during the COVID-19 pandemic. While there were fluctuations in supply chains and changes in consumer preferences, walnuts remained a popular and nutritious snack. Walnut suppliers adapted by ensuring product availability and promoting the health benefits of walnuts. The pandemic underscored the importance of healthy and convenient snacks, influencing market strategies.
Fresh fruit suppliers and supermarkets such as Cold Storage and NTUC FairPrice are significant players in the fresh peaches market in Singapore. These retailers source and distribute fresh peaches to meet consumer demand.