Global Walnut Oil Market Size, Share & Trends Analysis Report By Application, By Distribution Channel, By Grade (Pharma Grade, Cosmetic Grade, and Food Grade), By Regional Outlook and Forecast, 2023 - 2030
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 33,553.50 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.
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.
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
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Walnut Oil Market, by Application
- 1.4.2 Global Walnut Oil Market, by Distribution Channel
- 1.4.3 Global Walnut Oil Market, by Grade
- 1.4.4 Global Walnut Oil Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Global Walnut Oil Market, by Application
- 4.1 Global Pharmaceuticals & Nutraceuticals Market, by Region
- 4.2 Global Cosmetics Market, by Region
- 4.3 Global Food & Beverage Market, by Region
- 4.4 Global Aromatherapy Market, by Region
- 4.5 Global Others Market, by Region
- Chapter 5. Global Walnut Oil Market, by Distribution Channel
- 5.1 Global Online Retail Market, by Region
- 5.2 Global Supermarkets & Hypermarkets Market, by Region
- 5.3 Global Specialty Stores Market, by Region
- Chapter 6. Global Walnut Oil Market, by Grade
- 6.1 Global Pharma Grade Market, by Region
- 6.2 Global Cosmetic Grade Market, by Region
- 6.3 Global Food Grade Market, by Region
- Chapter 7. Global Walnut Oil Market, by Region
- 7.1 North America Walnut Oil Market
- 7.1.1 North America Walnut Oil Market, by Application
- 7.1.1.1 North America Pharmaceuticals & Nutraceuticals Market, by Country
- 7.1.1.2 North America Cosmetics Market, by Country
- 7.1.1.3 North America Food & Beverage Market, by Country
- 7.1.1.4 North America Aromatherapy Market, by Country
- 7.1.1.5 North America Others Market, by Country
- 7.1.2 North America Walnut Oil Market, by Distribution Channel
- 7.1.2.1 North America Online Retail Market, by Country
- 7.1.2.2 North America Supermarkets & Hypermarkets Market, by Country
- 7.1.2.3 North America Specialty Stores Market, by Country
- 7.1.3 North America Walnut Oil Market, by Grade
- 7.1.3.1 North America Pharma Grade Market, by Country
- 7.1.3.2 North America Cosmetic Grade Market, by Country
- 7.1.3.3 North America Food Grade Market, by Country
- 7.1.4 North America Walnut Oil Market, by Country
- 7.1.4.1 US Walnut Oil Market
- 7.1.4.1.1 US Walnut Oil Market, by Application
- 7.1.4.1.2 US Walnut Oil Market, by Distribution Channel
- 7.1.4.1.3 US Walnut Oil Market, by Grade
- 7.1.4.2 Canada Walnut Oil Market
- 7.1.4.2.1 Canada Walnut Oil Market, by Application
- 7.1.4.2.2 Canada Walnut Oil Market, by Distribution Channel
- 7.1.4.2.3 Canada Walnut Oil Market, by Grade
- 7.1.4.3 Mexico Walnut Oil Market
- 7.1.4.3.1 Mexico Walnut Oil Market, by Application
- 7.1.4.3.2 Mexico Walnut Oil Market, by Distribution Channel
- 7.1.4.3.3 Mexico Walnut Oil Market, by Grade
- 7.1.4.4 Rest of North America Walnut Oil Market
- 7.1.4.4.1 Rest of North America Walnut Oil Market, by Application
- 7.1.4.4.2 Rest of North America Walnut Oil Market, by Distribution Channel
- 7.1.4.4.3 Rest of North America Walnut Oil Market, by Grade
- 7.2 Europe Walnut Oil Market
- 7.2.1 Europe Walnut Oil Market, by Application
- 7.2.1.1 Europe Pharmaceuticals & Nutraceuticals Market, by Country
- 7.2.1.2 Europe Cosmetics Market, by Country
- 7.2.1.3 Europe Food & Beverage Market, by Country
- 7.2.1.4 Europe Aromatherapy Market, by Country
- 7.2.1.5 Europe Others Market, by Country
- 7.2.2 Europe Walnut Oil Market, by Distribution Channel
- 7.2.2.1 Europe Online Retail Market, by Country
- 7.2.2.2 Europe Supermarkets & Hypermarkets Market, by Country
- 7.2.2.3 Europe Specialty Stores Market, by Country
- 7.2.3 Europe Walnut Oil Market, by Grade
- 7.2.3.1 Europe Pharma Grade Market, by Country
- 7.2.3.2 Europe Cosmetic Grade Market, by Country
- 7.2.3.3 Europe Food Grade Market, by Country
- 7.2.4 Europe Walnut Oil Market, by Country
- 7.2.4.1 Germany Walnut Oil Market
- 7.2.4.1.1 Germany Walnut Oil Market, by Application
- 7.2.4.1.2 Germany Walnut Oil Market, by Distribution Channel
- 7.2.4.1.3 Germany Walnut Oil Market, by Grade
- 7.2.4.2 UK Walnut Oil Market
- 7.2.4.2.1 UK Walnut Oil Market, by Application
- 7.2.4.2.2 UK Walnut Oil Market, by Distribution Channel
- 7.2.4.2.3 UK Walnut Oil Market, by Grade
- 7.2.4.3 France Walnut Oil Market
- 7.2.4.3.1 France Walnut Oil Market, by Application
- 7.2.4.3.2 France Walnut Oil Market, by Distribution Channel
- 7.2.4.3.3 France Walnut Oil Market, by Grade
- 7.2.4.4 Russia Walnut Oil Market
- 7.2.4.4.1 Russia Walnut Oil Market, by Application
- 7.2.4.4.2 Russia Walnut Oil Market, by Distribution Channel
- 7.2.4.4.3 Russia Walnut Oil Market, by Grade
- 7.2.4.5 Spain Walnut Oil Market
- 7.2.4.5.1 Spain Walnut Oil Market, by Application
- 7.2.4.5.2 Spain Walnut Oil Market, by Distribution Channel
- 7.2.4.5.3 Spain Walnut Oil Market, by Grade
- 7.2.4.6 Italy Walnut Oil Market
- 7.2.4.6.1 Italy Walnut Oil Market, by Application
- 7.2.4.6.2 Italy Walnut Oil Market, by Distribution Channel
- 7.2.4.6.3 Italy Walnut Oil Market, by Grade
- 7.2.4.7 Rest of Europe Walnut Oil Market
- 7.2.4.7.1 Rest of Europe Walnut Oil Market, by Application
- 7.2.4.7.2 Rest of Europe Walnut Oil Market, by Distribution Channel
- 7.2.4.7.3 Rest of Europe Walnut Oil Market, by Grade
- 7.3 Asia Pacific Walnut Oil Market
- 7.3.1 Asia Pacific Walnut Oil Market, by Application
- 7.3.1.1 Asia Pacific Pharmaceuticals & Nutraceuticals Market, by Country
- 7.3.1.2 Asia Pacific Cosmetics Market, by Country
- 7.3.1.3 Asia Pacific Food & Beverage Market, by Country
- 7.3.1.4 Asia Pacific Aromatherapy Market, by Country
- 7.3.1.5 Asia Pacific Others Market, by Country
- 7.3.2 Asia Pacific Walnut Oil Market, by Distribution Channel
- 7.3.2.1 Asia Pacific Online Retail Market, by Country
- 7.3.2.2 Asia Pacific Supermarkets & Hypermarkets Market, by Country
- 7.3.2.3 Asia Pacific Specialty Stores Market, by Country
- 7.3.3 Asia Pacific Walnut Oil Market, by Grade
- 7.3.3.1 Asia Pacific Pharma Grade Market, by Country
- 7.3.3.2 Asia Pacific Cosmetic Grade Market, by Country
- 7.3.3.3 Asia Pacific Food Grade Market, by Country
- 7.3.4 Asia Pacific Walnut Oil Market, by Country
- 7.3.4.1 China Walnut Oil Market
- 7.3.4.1.1 China Walnut Oil Market, by Application
- 7.3.4.1.2 China Walnut Oil Market, by Distribution Channel
- 7.3.4.1.3 China Walnut Oil Market, by Grade
- 7.3.4.2 Japan Walnut Oil Market
- 7.3.4.2.1 Japan Walnut Oil Market, by Application
- 7.3.4.2.2 Japan Walnut Oil Market, by Distribution Channel
- 7.3.4.2.3 Japan Walnut Oil Market, by Grade
- 7.3.4.3 India Walnut Oil Market
- 7.3.4.3.1 India Walnut Oil Market, by Application
- 7.3.4.3.2 India Walnut Oil Market, by Distribution Channel
- 7.3.4.3.3 India Walnut Oil Market, by Grade
- 7.3.4.4 South Korea Walnut Oil Market
- 7.3.4.4.1 South Korea Walnut Oil Market, by Application
- 7.3.4.4.2 South Korea Walnut Oil Market, by Distribution Channel
- 7.3.4.4.3 South Korea Walnut Oil Market, by Grade
- 7.3.4.5 Australia Walnut Oil Market
- 7.3.4.5.1 Australia Walnut Oil Market, by Application
- 7.3.4.5.2 Australia Walnut Oil Market, by Distribution Channel
- 7.3.4.5.3 Australia Walnut Oil Market, by Grade
- 7.3.4.6 Malaysia Walnut Oil Market
- 7.3.4.6.1 Malaysia Walnut Oil Market, by Application
- 7.3.4.6.2 Malaysia Walnut Oil Market, by Distribution Channel
- 7.3.4.6.3 Malaysia Walnut Oil Market, by Grade
- 7.3.4.7 Rest of Asia Pacific Walnut Oil Market
- 7.3.4.7.1 Rest of Asia Pacific Walnut Oil Market, by Application
- 7.3.4.7.2 Rest of Asia Pacific Walnut Oil Market, by Distribution Channel
- 7.3.4.7.3 Rest of Asia Pacific Walnut Oil Market, by Grade
- 7.4 LAMEA Walnut Oil Market
- 7.4.1 LAMEA Walnut Oil Market, by Application
- 7.4.1.1 LAMEA Pharmaceuticals & Nutraceuticals Market, by Country
- 7.4.1.2 LAMEA Cosmetics Market, by Country
- 7.4.1.3 LAMEA Food & Beverage Market, by Country
- 7.4.1.4 LAMEA Aromatherapy Market, by Country
- 7.4.1.5 LAMEA Others Market, by Country
- 7.4.2 LAMEA Walnut Oil Market, by Distribution Channel
- 7.4.2.1 LAMEA Online Retail Market, by Country
- 7.4.2.2 LAMEA Supermarkets & Hypermarkets Market, by Country
- 7.4.2.3 LAMEA Specialty Stores Market, by Country
- 7.4.3 LAMEA Walnut Oil Market, by Grade
- 7.4.3.1 LAMEA Pharma Grade Market, by Country
- 7.4.3.2 LAMEA Cosmetic Grade Market, by Country
- 7.4.3.3 LAMEA Food Grade Market, by Country
- 7.4.4 LAMEA Walnut Oil Market, by Country
- 7.4.4.1 Brazil Walnut Oil Market
- 7.4.4.1.1 Brazil Walnut Oil Market, by Application
- 7.4.4.1.2 Brazil Walnut Oil Market, by Distribution Channel
- 7.4.4.1.3 Brazil Walnut Oil Market, by Grade
- 7.4.4.2 Argentina Walnut Oil Market
- 7.4.4.2.1 Argentina Walnut Oil Market, by Application
- 7.4.4.2.2 Argentina Walnut Oil Market, by Distribution Channel
- 7.4.4.2.3 Argentina Walnut Oil Market, by Grade
- 7.4.4.3 UAE Walnut Oil Market
- 7.4.4.3.1 UAE Walnut Oil Market, by Application
- 7.4.4.3.2 UAE Walnut Oil Market, by Distribution Channel
- 7.4.4.3.3 UAE Walnut Oil Market, by Grade
- 7.4.4.4 Saudi Arabia Walnut Oil Market
- 7.4.4.4.1 Saudi Arabia Walnut Oil Market, by Application
- 7.4.4.4.2 Saudi Arabia Walnut Oil Market, by Distribution Channel
- 7.4.4.4.3 Saudi Arabia Walnut Oil Market, by Grade
- 7.4.4.5 South Africa Walnut Oil Market
- 7.4.4.5.1 South Africa Walnut Oil Market, by Application
- 7.4.4.5.2 South Africa Walnut Oil Market, by Distribution Channel
- 7.4.4.5.3 South Africa Walnut Oil Market, by Grade
- 7.4.4.6 Nigeria Walnut Oil Market
- 7.4.4.6.1 Nigeria Walnut Oil Market, by Application
- 7.4.4.6.2 Nigeria Walnut Oil Market, by Distribution Channel
- 7.4.4.6.3 Nigeria Walnut Oil Market, by Grade
- 7.4.4.7 Rest of LAMEA Walnut Oil Market
- 7.4.4.7.1 Rest of LAMEA Walnut Oil Market, by Application
- 7.4.4.7.2 Rest of LAMEA Walnut Oil Market, by Distribution Channel
- 7.4.4.7.3 Rest of LAMEA Walnut Oil Market, by Grade
- Chapter 8. Company Profiles
- 8.1 Roland Foods LLC (Vestar Capital Partners)
- 8.1.1 Company Overview
- 8.1.2 Recent strategies and developments:
- 8.1.2.1 Acquisition and Mergers:
- 8.2 O&3 Limited (IMCD N.V.)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional Analysis
- 8.3 AOS Products Pvt. Ltd.
- 8.3.1 Company Overview
- 8.4 VedaOils (BO International)
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 Plenty Foods Pty Ltd.
- 8.5.1 Company Overview
- 8.6 A.G. Industries Pvt. Ltd.
- 8.6.1 Company Overview
- 8.7 Chinaplantoil Co., Ltd.
- 8.7.1 Company Overview
- 8.8 Ji'an Zhongxiang Natural Plants Co., Ltd.
- 8.8.1 Company Overview
- 8.9 Sva Organics (Sri Venkatesh Aromas)
- 8.9.1 Company Overview
- 8.10. La Tourangelle, Inc.
- 8.10.1 Company Overview
- 8.10.2 SWOT Analysis
- Chapter 9. Winning imperatives of Walnut Oil Market
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