World Daily News
Business
China / United States / Turkey

Unlocking the Walnut Market: China Leads Production with $12.4 Billion Growth Potential

Images from the reference sources
Discover how China dominates the walnut production market with 1.4 million metric tons, driving a projected $12.4 billion growth by 2032. Explore the health benefits, global trade dynamics, and the significance of walnuts in today's economy.


China is the largest walnut producing country in the world, with a production of 1.4 million metric tons in 2023. The global walnut market is projected to grow from $8.4 billion in 2023 to $12.4 billion by 2032, driven by increasing consumer awareness of health benefits, expanding online retail channels, and the rising popularity of nut milks. The top 10 walnut producing countries include the United States, Chile, and several European nations, highlighting the global significance of this nut. Additionally, the United States leads in walnut exports, both shelled and unshelled, while Turkey and the UAE are key importers. Walnuts, known for their omega-3 content and heart-healthy properties, have a rich history dating back to ancient civilizations. They are celebrated in the U.S. with National Walnut Day, established in 1949.

Clam Reports
Refs: | Aljazeera |

Trends

Business

Carrefour Shuts Down All Jordan Stores Amid Boycott Against Israeli Support

2024-11-04T18:47:41.805Z

Carrefour has closed all its branches in Jordan due to a widespread boycott campaign, with 93% of Jordanians participating in protests against the company's support for the Israeli occupation.

Business

IKEA to Pay €6 Million to Compensate East German Forced Labor Victims

2024-11-04T15:37:43.330Z

IKEA has agreed to pay 6 million euros to a fund for victims of forced labor during East Germany's communist regime, acknowledging its historical ties to the practice.

Business

Trump vs. Harris: Economic Implications for the U.S. and Germany

2024-11-04T15:19:02.737Z

As the U.S. election approaches, the volatile stock of Trump Media reflects the political stakes, while experts warn of significant economic repercussions for Germany if Trump wins.

Business

Russia to Increase Maternity Capital and Social Benefits in 2025

2024-11-05T02:16:53.296Z

Russia is set to increase maternity capital and other social benefits in 2025, including a rise in minimum wage and child care payments, aimed at enhancing financial support for families and vulnerable individuals.

Business

Impact of US Elections on Israeli Economy: Trump vs. Harris

2024-11-04T16:26:54.373Z

The upcoming US elections are set to influence the Israeli economy significantly, with candidates Trump and Harris proposing contrasting economic policies that could reshape international trade and investment.

Business

French MPs Reject Soda Tax Reform Amid Political Tensions

2024-11-04T12:47:12.760Z

On November 4, 2024, French MPs rejected a proposed reform of the soda tax aimed at reducing sugar consumption, despite government support. The decision reflects ongoing political tensions regarding health policies as opposition parties accuse the government of obstruction during budget reviews.

Latest