Global Walnut Oil Market– Industry Trends and Forecast to 2029

Global Walnut Oil Market Analysis and Size

Deaths from cardiovascular disease have recently increased around the world, which tends to boost the walnut oil product market. Cardiovascular disease has increased in Western Sub-Saharan Africa and South Asia. Walnut oil has long been touted for its health benefits, particularly for heart health. However, rising chronic diseases such as heart disease, arthritis, strokes, and cancer are expected to drive up demand for walnut oil around the world.

Data Bridge Market Research analyses that the walnut oil market was valued at USD 1.28 billion in 2021 and is expected to reach the value of USD 2.08 billion by 2029, at a CAGR of 6.25% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Market Definition

The most common walnut oil species is Juglans regia, also known as english walnut or walnut. Walnut oil is a marketable total health, beauty, and home remedy. The walnut oil is extracted using either a solvent extraction method or a cold pressing method. This oil contains a high concentration of Omega 3 essential fatty acids, making it ideal for skin care. Iron, zinc, sodium, selenium, calcium, magnesium, and phosphorus are among the minerals found in walnut. The oil is said to have excellent emollient properties, leaving the skin smooth and soft due to its antioxidant properties, it also protects the skin from free radical damage.

Global Walnut Oil Market Scope and Segmentation

Walnut Oil Market Dynamics

Drivers

• Rising health awareness of consumption walnut oils

The walnut oil helps to reduce the risk of abnormal heartbeats or arrhythmias, which can lead to sudden death. It also aids in lowering triglyceride levels, slowing the growth rate of atherosclerotic plaque, and lowering blood pressure. Consumers are increasingly opting for healthier alternatives, and they see preventive care as a necessary tool to help them live a healthier lifestyle. As a result, walnut oils are becoming more popular because they are high in vitamins, proteins, and minerals and can aid in the treatment of diseases such as cancer, asthma, and depression.

• Marketing strategies and endorsements to boost market growth

Brand name, nutritional value, and product safety are all factors that influence consumer purchasing decisions. The benefits of walnut oil are likely to influence purchasing behaviour through various forms of media, including electronic and print. Various walnut oil market mergers and acquisitions, partnerships, collaborations, and relatively high investment in the food industry have been propelling the walnut oil market at a steady rate.

Opportunity

The increasing use of walnut oil in pharmaceuticals and increased public initiatives related to health and fitness are driving the market forward. Consumer awareness of the health benefits of walnut oil is increasing the pressure on market players to innovate in order to compete. Consumer awareness of the numerous benefits of walnut oil is driving up demand for it in the cosmetics and personal care industries. Due to the rise in Internet culture, it is now easier to find information for home-made remedies for skin conditions and personal care. As a result, consumers are turning to medicinally beneficial oils such as walnut oil for homemade personal care products. The increase in

Restraints

The processing cost of walnut oil has been a restraining actor in the walnut oil market. As a result, the price of walnut oil rises in general, and consumers are less likely to buy it when compared to other edible oils. This is more visible in low-income regions than in developed regions.

This walnut oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the walnut oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Walnut Oil Market

The COVID-19 has also created opportunities for manufacturers of health-related products, particularly dietary supplements. In recent years, the outbreak of coronavirus 2nd wave in 2021 has influenced consumers to consume dietary supplements in their daily lives in order to protect themselves from severe respiratory syndrome coronavirus, which has resulted in a significant increase in the demand for Walnut Oils, boosting the walnut oil product market.

Global Walnut Oil Market Scope

The walnut oil market is segmented on the basis type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Cold-Pressed Walnut Oil
• Expeller-Pressed Walnut Oil

Distribution channel

• Online Retail
• Supermarkets/Hypermarkets
• Specialty Stores

Application

• Nutritional Supplements
• Cosmetic Products
• Aromatherapy
• Others

Walnut Oil Market Regional Analysis/Insights

The walnut oil market is analysed and market size insights and trends are provided by country, type, application and distribution channel as referenced above.

The countries covered in the walnut oil market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Poland, Sweden, Denmark, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America market is expected to account for the largest revenue share in the global market over the forecast period because of the increasing adoption of walnut oil in the cosmetic industry and the presence of major operating players in the U.S. and Canada. The Asia-Pacific market is expected to grow faster in the coming years. The factors driving the growth of the walnut oil market in the region are a growing population, rising disposable income, increased presence of manufacturers, and increased awareness among individuals about the health benefits of walnut oil usage. Furthermore, the increasing use of walnut oil in the cosmetic sector is driving growth in the Asia-Pacific market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Walnut Oil Market Share Analysis

The walnut oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to walnut oil market.

Some of the major players operating in the walnut oil market are:

• Locavor (U.K.)
• La Tourangelle (U.S)
• Roland Foods LLC (U.S)
• Aromex Industry (India)
• Best Natures Cosmetic (Canada)
• Bio Planete (Germany)
• Biopurus . C.O. (U.K.)
• Byodo Naturkost GmbH (Germany)
• Clearspring L (U.S)
• Hain Celestial (U.S)
• Higher Nature Limited (U.K.)
• Nature Stuff Limited (U.K.)

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