In 2023, shelled walnuts domestic consumption in India stood at 89.4 thousand metric tons. Forecasted data from 2024 to 2028 indicates a steady increase in consumption, growing from 96.98 to 127.0 thousand metric tons. Year-on-year percentage variations are: 2024-5 (7.8%), 2025-6 (7.22%), 2026-7 (6.68%), and 2027-8 (6.18%). The compound annual growth rate (CAGR) over this five-year period is approximately 7.23%.
Future trends to watch for:
- Rising health consciousness may drive increased walnut consumption.
- Potential market expansion due to consumer education on nutritional benefits.
- Influence of supply chain developments and price fluctuations.
