Product Code: ETC411501 | 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 | |
Thailand Walnut market currently, in 2023, has witnessed an HHI of 3631, Which has decreased moderately as compared to the HHI of 5672 in 2017. The market is moving towards 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 walnut market in Thailand has experienced steady growth as consumers recognize the nutritional benefits of walnuts. These heart-healthy nuts have gained popularity as a snack and as an ingredient in various dishes, including salads and baked goods. Thailand walnut market benefits from the import of high-quality walnuts from major producing countries. As health-conscious eating habits continue to rise, the demand for walnuts is expected to remain strong. Consumers are increasingly incorporating walnuts into their diets, contributing to the growth of this market in Thailand.
The Thailand walnut market has been on an upward trajectory, driven primarily by increasing consumer awareness of the health benefits associated with walnuts. Walnuts are rich in antioxidants, omega-3 fatty acids, and other essential nutrients that support heart health and cognitive function. As more consumers prioritize their well-being, walnuts have become a sought-after snack and ingredient in various culinary creations. The market has also seen growth in walnut-based products, such as walnut butter and walnut oil, catering to diverse consumer preferences. Furthermore, the export potential of Thai walnuts has opened up new avenues for market expansion.
The Thailand walnut market faces several challenges, including limited local production due to unsuitable climatic conditions. This reliance on imports exposes the market to currency fluctuations and global supply chain disruptions. Furthermore, consumer awareness of the health benefits of walnuts is increasing, but price sensitivity remains a concern. Competition from other nut varieties and the need to adhere to stringent quality standards for exports further complicate the market landscape.
The Thailand walnut market saw varying demand during the COVID-19 pandemic. While there was increased interest in nuts and healthy snacks, disruptions in the supply chain affected walnut availability. The market recovered as consumers continued to seek out healthier snack options, and manufacturers worked to ensure a steady supply.
In the Thailand walnut market, key players such as Thai Walnut Farms Ltd. and Nutty Delights Thailand Co., Ltd. stand out as major contributors. These companies have invested in walnut cultivation and processing, ensuring the availability of premium walnuts to consumers. Their dedication to sustainable practices and quality control has cemented their positions in the market.