Global Walnut Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Walnut Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global walnut oil market report has been segmented on the basis of application, distribution channel, and region.
Global Walnut Oil Market: Overview
Walnut oil is one of the edible oil that is obtained from walnut seed by cold pressing method or solvent extraction. The walnut oil is a good source of omega – 3 fatty acids that are excellent for skin care use. This oil finds its use as hair oil, wood finishing oil, also used for various cooking purposes. It has a light aroma, nutty flavor, also makes a good base oil for massage or aromatherapy. In addition, it is used as a cosmetic element in various skin care products, due to its anti-oxidant properties.
Global Walnut Oil Market: Dynamics
Growing awareness regarding health benefits of walnut oil is a major factor driving growth of the global market over the forecast period. Increasing demand for walnut oil in personal care and cosmetic sector is another factor fueling growth of the global walnut market in the next ten years. The walnut oil has various applications in pharmaceutical industry owing to its medicinal properties such as lowers cholesterol, and other anti-oxidant properties is expected to drive the growth of the global market. Furthermore, increasing preference for walnut-based product among individuals, changing lifestyle, and high spending capacity are some of the other factors expected to support revenue growth of the global market in years to come.
However, high cost of products and is a major factor expected to hamper growth of the global market during the forecast period.
Global Walnut Oil Market: Segment Analysis
Among the base oil segments, the cosmetic products segment is expected to account for significant share in terms of revenue in the near future, owing to increasing demand for natural oil-based cosmetics in hair and skin care. The nutritional supplements segment is expected to register for highest CAGR in the target market, owing to its popularity in weight loss therapy.
Among the distribution channel segments, the online retail segment is expected to register for highest growth in terms of revenue over the forecast period. This can be attributed to rising preference for online shopping among consumer and 24/7 service available online are factors increasing growth of this segment in the target market.
Global Walnut Oil Market: Regional Analysis
The North America market is expected to account for largest revenue share in the global market over the forecast period, owing to increasing adoption of walnut oil in cosmetic industry and presence of major operating player in the US and Canada. The Asia Pacific market is expected to grow at a faster rate in years to come. Growing population, rising disposable income, increasing presence of manufacturers, and increasing awareness regarding health benefits of walnut oil usage among individuals are the factors fueling the growth of walnut oil market in the region. In addition, rising usage of walnut oil in the cosmetic sector is another factor boosting growth of the Asia Pacific market.
Global Walnut Oil Market Segmentation:
Segmentation by application:
- Nutritional Supplements
- Cosmetic Products
- Others (wood finish and paint thinners)
Segmentation by distribution channel:
- Online Retail
- Specialty Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- La Nogalera walnut oil
- Aromex Industry
- Yunnan Guzhiji Nutriment
- Shuda Group
- Yunnan Huizhiyuan
- Shanghai Rongshi
- Hebei Sanli
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