The Global Walnut Oil Market size is expected to reach $1.4 billion by 2030, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 33553.50 tonnes, experiencing a growth of 5.3% (2019-2022).
There has been a growing preference among consumers for natural and organic ingredients in personal care and cosmetic products. Thus, the Cosmetics segment acquired $190.08 million revenue in 2022. Walnut oil is perceived as a natural and environmentally friendly ingredient, making it increasingly popular among consumers seeking.
Concerns about their health and well-being are growing among consumers. They are more inclined to choose natural and organic products, including walnut oil, as they perceive them to be healthier alternatives to conventional options. Therefore, the increasing demand for natural and organic products propels the market's growth.
Additionally, Vegan and plant-based diets exclude animal products, including dairy and animal fats. As a result, individuals following these diets seek alternative sources of essential nutrients and cooking ingredients. Thus, the rise in vegan and plant-based diets drives the market's growth.
However, Walnut oil production typically starts with the harvesting of walnuts. Harvesting walnuts can be labor-intensive and time-consuming, especially if done manually. The process requires skilled labor and specialized equipment, contributing to higher production costs. Hence, the high production costs of walnut oil are hampering the market's growth.
There has been a growing preference among consumers for natural and organic ingredients in personal care and cosmetic products. Thus, the Cosmetics segment acquired $190.08 million revenue in 2022. Walnut oil is perceived as a natural and environmentally friendly ingredient, making it increasingly popular among consumers seeking.
Concerns about their health and well-being are growing among consumers. They are more inclined to choose natural and organic products, including walnut oil, as they perceive them to be healthier alternatives to conventional options. Therefore, the increasing demand for natural and organic products propels the market's growth.
Additionally, Vegan and plant-based diets exclude animal products, including dairy and animal fats. As a result, individuals following these diets seek alternative sources of essential nutrients and cooking ingredients. Thus, the rise in vegan and plant-based diets drives the market's growth.
However, Walnut oil production typically starts with the harvesting of walnuts. Harvesting walnuts can be labor-intensive and time-consuming, especially if done manually. The process requires skilled labor and specialized equipment, contributing to higher production costs. Hence, the high production costs of walnut oil are hampering the market's growth.
By Application Analysis
On the basis of application, the market is segmented into food & beverage, cosmetics, pharmaceuticals & nutraceuticals, aromatherapy, and others. The pharmaceuticals & nutraceuticals segment recorded 35.1% revenue share in the market in 2022. Walnut oil's nutritional composition and health-promoting properties make it a versatile ingredient in pharmaceuticals and nutraceuticals.By Distribution Channel Analysis
Based on distribution channel, the market is categorized into online retail, supermarkets & hypermarkets, and specialty stores. In 2022, the supermarkets and hypermarkets segment procured a 31% revenue share in the market.
By Grade Analysis
Based on grade, the market is divided into food grade, cosmetic grade, and pharma grade. The food grade segment attained a considerable 17% revenue share in the market in 2022. Food-grade walnut oil has a distinct nutty flavor and aroma, adding depth and richness to various culinary dishes.By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated 35.1% revenue share in the market. Customers are adding walnut oil to their meals as an organic source of antioxidants and important fatty acids as they become more aware of the oil's health advantages.List of Key Companies Profiled
- Roland Foods LLC (Vestar Capital Partners)
- O&3 Limited (IMCD N.V.)
- AOS Products Pvt. Ltd.
- VedaOils (BO International)
- Plenty Foods Pty Ltd.
- A.G. Industries Pvt. Ltd.
- Chinaplantoil Co., Ltd.
- Ji'an Zhongxiang Natural Plants Co., Ltd.
- Sva Organics (Sri Venkatesh Aromas)
- La Tourangelle, Inc.
Market Report Segmentation
By Application (Volume, Tonnes, USD Billion, 2019-2030)- Pharmaceuticals & Nutraceuticals
- Cosmetics
- Food & Beverage
- Aromatherapy
- Others
- Online Retail
- Supermarkets & Hypermarkets
- Specialty Stores
- Pharma Grade
- Cosmetic Grade
- Food Grade
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Walnut Oil Market, by Application
Chapter 5. Global Walnut Oil Market, by Distribution Channel
Chapter 6. Global Walnut Oil Market, by Grade
Chapter 7. Global Walnut Oil Market, by Region
Chapter 8. Company Profiles
Companies Mentioned
- Roland Foods LLC (Vestar Capital Partners)
- O&3 Limited (IMCD N.V.)
- AOS Products Pvt. Ltd.
- VedaOils (BO International)
- Plenty Foods Pty Ltd.
- A.G. Industries Pvt. Ltd.
- Chinaplantoil Co., Ltd.
- Ji'an Zhongxiang Natural Plants Co., Ltd.
- Sva Organics (Sri Venkatesh Aromas)
- La Tourangelle, Inc.
Methodology
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