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.
Global Walnut Oil Market Report Segmentation
By Application (Volume, Tonnes, USD Billion, 2019-2030)
- Pharmaceuticals & Nutraceuticals
- Cosmetics
- Food & Beverage
- Aromatherapy
- Others
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
- Online Retail
- Supermarkets & Hypermarkets
- Specialty Stores
By Grade (Volume, Tonnes, USD Billion, 2019-2030)
- Pharma Grade
- Cosmetic Grade
- Food Grade
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
- 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
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Walnut Oil Market, by Application
- 1.4.2Global Walnut Oil Market, by Distribution Channel
- 1.4.3Global Walnut Oil Market, by Grade
- 1.4.4Global Walnut Oil Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Walnut Oil Market, by Application
- 4.1Global Pharmaceuticals & Nutraceuticals Market, by Region
- 4.2Global Cosmetics Market, by Region
- 4.3Global Food & Beverage Market, by Region
- 4.4Global Aromatherapy Market, by Region
- 4.5Global Others Market, by Region
Chapter 5.Global Walnut Oil Market, by Distribution Channel
- 5.1Global Online Retail Market, by Region
- 5.2Global Supermarkets & Hypermarkets Market, by Region
- 5.3Global Specialty Stores Market, by Region
Chapter 6.Global Walnut Oil Market, by Grade
- 6.1Global Pharma Grade Market, by Region
- 6.2Global Cosmetic Grade Market, by Region
- 6.3Global Food Grade Market, by Region
Chapter 7.Global Walnut Oil Market, by Region
- 7.1North America Walnut Oil Market
- 7.1.1North America Walnut Oil Market, by Application
- 7.1.1.1North America Pharmaceuticals & Nutraceuticals Market, by Country
- 7.1.1.2North America Cosmetics Market, by Country
- 7.1.1.3North America Food & Beverage Market, by Country
- 7.1.1.4North America Aromatherapy Market, by Country
- 7.1.1.5North America Others Market, by Country
- 7.1.2North America Walnut Oil Market, by Distribution Channel
- 7.1.2.1North America Online Retail Market, by Country
- 7.1.2.2North America Supermarkets & Hypermarkets Market, by Country
- 7.1.2.3North America Specialty Stores Market, by Country
- 7.1.3North America Walnut Oil Market, by Grade
- 7.1.3.1North America Pharma Grade Market, by Country
- 7.1.3.2North America Cosmetic Grade Market, by Country
- 7.1.3.3North America Food Grade Market, by Country
- 7.1.4North America Walnut Oil Market, by Country
- 7.1.4.1US Walnut Oil Market
- 7.1.4.1.1US Walnut Oil Market, by Application
- 7.1.4.1.2US Walnut Oil Market, by Distribution Channel
- 7.1.4.1.3US Walnut Oil Market, by Grade
- 7.1.4.2Canada Walnut Oil Market
- 7.1.4.2.1Canada Walnut Oil Market, by Application
- 7.1.4.2.2Canada Walnut Oil Market, by Distribution Channel
- 7.1.4.2.3Canada Walnut Oil Market, by Grade
- 7.1.4.3Mexico Walnut Oil Market
- 7.1.4.3.1Mexico Walnut Oil Market, by Application
- 7.1.4.3.2Mexico Walnut Oil Market, by Distribution Channel
- 7.1.4.3.3Mexico Walnut Oil Market, by Grade
- 7.1.4.4Rest of North America Walnut Oil Market
- 7.1.4.4.1Rest of North America Walnut Oil Market, by Application
- 7.1.4.4.2Rest of North America Walnut Oil Market, by Distribution Channel
- 7.1.4.4.3Rest of North America Walnut Oil Market, by Grade
- 7.2Europe Walnut Oil Market
- 7.2.1Europe Walnut Oil Market, by Application
- 7.2.1.1Europe Pharmaceuticals & Nutraceuticals Market, by Country
- 7.2.1.2Europe Cosmetics Market, by Country
- 7.2.1.3Europe Food & Beverage Market, by Country
- 7.2.1.4Europe Aromatherapy Market, by Country
- 7.2.1.5Europe Others Market, by Country
- 7.2.2Europe Walnut Oil Market, by Distribution Channel
- 7.2.2.1Europe Online Retail Market, by Country
- 7.2.2.2Europe Supermarkets & Hypermarkets Market, by Country
- 7.2.2.3Europe Specialty Stores Market, by Country
- 7.2.3Europe Walnut Oil Market, by Grade
- 7.2.3.1Europe Pharma Grade Market, by Country
- 7.2.3.2Europe Cosmetic Grade Market, by Country
- 7.2.3.3Europe Food Grade Market, by Country
- 7.2.4Europe Walnut Oil Market, by Country
- 7.2.4.1Germany Walnut Oil Market
- 7.2.4.1.1Germany Walnut Oil Market, by Application
- 7.2.4.1.2Germany Walnut Oil Market, by Distribution Channel
- 7.2.4.1.3Germany Walnut Oil Market, by Grade
- 7.2.4.2UK Walnut Oil Market
- 7.2.4.2.1UK Walnut Oil Market, by Application
- 7.2.4.2.2UK Walnut Oil Market, by Distribution Channel
- 7.2.4.2.3UK Walnut Oil Market, by Grade
- 7.2.4.3France Walnut Oil Market
- 7.2.4.3.1France Walnut Oil Market, by Application
- 7.2.4.3.2France Walnut Oil Market, by Distribution Channel
- 7.2.4.3.3France Walnut Oil Market, by Grade
- 7.2.4.4Russia Walnut Oil Market
- 7.2.4.4.1Russia Walnut Oil Market, by Application
- 7.2.4.4.2Russia Walnut Oil Market, by Distribution Channel
- 7.2.4.4.3Russia Walnut Oil Market, by Grade
- 7.2.4.5Spain Walnut Oil Market
- 7.2.4.5.1Spain Walnut Oil Market, by Application
- 7.2.4.5.2Spain Walnut Oil Market, by Distribution Channel
- 7.2.4.5.3Spain Walnut Oil Market, by Grade
- 7.2.4.6Italy Walnut Oil Market
- 7.2.4.6.1Italy Walnut Oil Market, by Application
- 7.2.4.6.2Italy Walnut Oil Market, by Distribution Channel
- 7.2.4.6.3Italy Walnut Oil Market, by Grade
- 7.2.4.7Rest of Europe Walnut Oil Market
- 7.2.4.7.1Rest of Europe Walnut Oil Market, by Application
- 7.2.4.7.2Rest of Europe Walnut Oil Market, by Distribution Channel
- 7.2.4.7.3Rest of Europe Walnut Oil Market, by Grade
- 7.3Asia Pacific Walnut Oil Market
- 7.3.1Asia Pacific Walnut Oil Market, by Application
- 7.3.1.1Asia Pacific Pharmaceuticals & Nutraceuticals Market, by Country
- 7.3.1.2Asia Pacific Cosmetics Market, by Country
- 7.3.1.3Asia Pacific Food & Beverage Market, by Country
- 7.3.1.4Asia Pacific Aromatherapy Market, by Country
- 7.3.1.5Asia Pacific Others Market, by Country
- 7.3.2Asia Pacific Walnut Oil Market, by Distribution Channel
- 7.3.2.1Asia Pacific Online Retail Market, by Country
- 7.3.2.2Asia Pacific Supermarkets & Hypermarkets Market, by Country
- 7.3.2.3Asia Pacific Specialty Stores Market, by Country
- 7.3.3Asia Pacific Walnut Oil Market, by Grade
- 7.3.3.1Asia Pacific Pharma Grade Market, by Country
- 7.3.3.2Asia Pacific Cosmetic Grade Market, by Country
- 7.3.3.3Asia Pacific Food Grade Market, by Country
- 7.3.4Asia Pacific Walnut Oil Market, by Country
- 7.3.4.1China Walnut Oil Market
- 7.3.4.1.1China Walnut Oil Market, by Application
- 7.3.4.1.2China Walnut Oil Market, by Distribution Channel
- 7.3.4.1.3China Walnut Oil Market, by Grade
- 7.3.4.2Japan Walnut Oil Market
- 7.3.4.2.1Japan Walnut Oil Market, by Application
- 7.3.4.2.2Japan Walnut Oil Market, by Distribution Channel
- 7.3.4.2.3Japan Walnut Oil Market, by Grade
- 7.3.4.3India Walnut Oil Market
- 7.3.4.3.1India Walnut Oil Market, by Application
- 7.3.4.3.2India Walnut Oil Market, by Distribution Channel
- 7.3.4.3.3India Walnut Oil Market, by Grade
- 7.3.4.4South Korea Walnut Oil Market
- 7.3.4.4.1South Korea Walnut Oil Market, by Application
- 7.3.4.4.2South Korea Walnut Oil Market, by Distribution Channel
- 7.3.4.4.3South Korea Walnut Oil Market, by Grade
- 7.3.4.5Australia Walnut Oil Market
- 7.3.4.5.1Australia Walnut Oil Market, by Application
- 7.3.4.5.2Australia Walnut Oil Market, by Distribution Channel
- 7.3.4.5.3Australia Walnut Oil Market, by Grade
- 7.3.4.6Malaysia Walnut Oil Market
- 7.3.4.6.1Malaysia Walnut Oil Market, by Application
- 7.3.4.6.2Malaysia Walnut Oil Market, by Distribution Channel
- 7.3.4.6.3Malaysia Walnut Oil Market, by Grade
- 7.3.4.7Rest of Asia Pacific Walnut Oil Market
- 7.3.4.7.1Rest of Asia Pacific Walnut Oil Market, by Application
- 7.3.4.7.2Rest of Asia Pacific Walnut Oil Market, by Distribution Channel
- 7.3.4.7.3Rest of Asia Pacific Walnut Oil Market, by Grade
- 7.4LAMEA Walnut Oil Market
- 7.4.1LAMEA Walnut Oil Market, by Application
- 7.4.1.1LAMEA Pharmaceuticals & Nutraceuticals Market, by Country
- 7.4.1.2LAMEA Cosmetics Market, by Country
- 7.4.1.3LAMEA Food & Beverage Market, by Country
- 7.4.1.4LAMEA Aromatherapy Market, by Country
- 7.4.1.5LAMEA Others Market, by Country
- 7.4.2LAMEA Walnut Oil Market, by Distribution Channel
- 7.4.2.1LAMEA Online Retail Market, by Country
- 7.4.2.2LAMEA Supermarkets & Hypermarkets Market, by Country
- 7.4.2.3LAMEA Specialty Stores Market, by Country
- 7.4.3LAMEA Walnut Oil Market, by Grade
- 7.4.3.1LAMEA Pharma Grade Market, by Country
- 7.4.3.2LAMEA Cosmetic Grade Market, by Country
- 7.4.3.3LAMEA Food Grade Market, by Country
- 7.4.4LAMEA Walnut Oil Market, by Country
- 7.4.4.1Brazil Walnut Oil Market
- 7.4.4.1.1Brazil Walnut Oil Market, by Application
- 7.4.4.1.2Brazil Walnut Oil Market, by Distribution Channel
- 7.4.4.1.3Brazil Walnut Oil Market, by Grade
- 7.4.4.2Argentina Walnut Oil Market
- 7.4.4.2.1Argentina Walnut Oil Market, by Application
- 7.4.4.2.2Argentina Walnut Oil Market, by Distribution Channel
- 7.4.4.2.3Argentina Walnut Oil Market, by Grade
- 7.4.4.3UAE Walnut Oil Market
- 7.4.4.3.1UAE Walnut Oil Market, by Application
- 7.4.4.3.2UAE Walnut Oil Market, by Distribution Channel
- 7.4.4.3.3UAE Walnut Oil Market, by Grade
- 7.4.4.4Saudi Arabia Walnut Oil Market
- 7.4.4.4.1Saudi Arabia Walnut Oil Market, by Application
- 7.4.4.4.2Saudi Arabia Walnut Oil Market, by Distribution Channel
- 7.4.4.4.3Saudi Arabia Walnut Oil Market, by Grade
- 7.4.4.5South Africa Walnut Oil Market
- 7.4.4.5.1South Africa Walnut Oil Market, by Application
- 7.4.4.5.2South Africa Walnut Oil Market, by Distribution Channel
- 7.4.4.5.3South Africa Walnut Oil Market, by Grade
- 7.4.4.6Nigeria Walnut Oil Market
- 7.4.4.6.1Nigeria Walnut Oil Market, by Application
- 7.4.4.6.2Nigeria Walnut Oil Market, by Distribution Channel
- 7.4.4.6.3Nigeria Walnut Oil Market, by Grade
- 7.4.4.7Rest of LAMEA Walnut Oil Market
- 7.4.4.7.1Rest of LAMEA Walnut Oil Market, by Application
- 7.4.4.7.2Rest of LAMEA Walnut Oil Market, by Distribution Channel
- 7.4.4.7.3Rest of LAMEA Walnut Oil Market, by Grade
Chapter 8.Company Profiles
- 8.1Roland Foods LLC (Vestar Capital Partners)
- 8.1.1Company Overview
- 8.1.2Recent strategies and developments:
- 8.1.2.1Acquisition and Mergers:
- 8.2O&3 Limited (IMCD N.V.)
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Regional Analysis
- 8.3AOS Products Pvt. Ltd.
- 8.4VedaOils (BO International)
- 8.4.1Company Overview
- 8.4.2SWOT Analysis
- 8.5Plenty Foods Pty Ltd.
- 8.6A.G. Industries Pvt. Ltd.
- 8.7Chinaplantoil Co., Ltd.
- 8.8Ji'an Zhongxiang Natural Plants Co., Ltd.
- 8.9Sva Organics (Sri Venkatesh Aromas)
- 8.10.La Tourangelle, Inc.
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
Chapter 9.Winning imperatives of Walnut Oil Market