Global Walnut Oil market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Walnut Oil .
This industry study presents the global Walnut Oil market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Private Plane production, revenue and market share by manufacturers, key regions and type; The consumption of Walnut Oil market in volume terms are also provided for major countries (or regions), and for each application and product at the global level.
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Global Walnut Oil market report coverage:
The Walnut Oil market report covers extensive analysis of the market scope, structure, potential, fluctuations, and financial impacts. The report also enfolds the precise evaluation of market size, share, product & sales volume, revenue, and growth rate. It also includes authentic and trustworthy estimations considering these terms.
The Walnut Oil market has been reporting substantial growth rates with considerable CAGR for the last couple of decades. According to the report, the market is expected to grow more vigorously during the forecast period and it can also influence the global economic structure with a higher revenue share. The market also holds the potential to impact its peers and parent market as the growth rate of the market is being accelerated by increasing disposable incomes, growing product demand, changing consumption technologies, innovative products, and raw material affluence.
The following manufacturers are covered in this Walnut Oil market report:
The walnut oil market has been segmented on the basis of end use, distribution channel, nature, and geography. On the basis of end use, the walnut oil market is segmented into food & beverages, cosmetics & personal care, nutritional supplements, aromatherapy and pharmaceuticals, and other industrial uses. Among these segments, the aromatherapy and pharmaceuticals segment holds the highest market share in the walnut oil market, and is expected to register the highest growth rate among all the segments, owing to an increased preference for alternative therapies. Depending upon nature, the walnut oil market can be segmented into organic and conventional. Among the two, the conventional segment holds the major share by value and volume, due to the higher pricing of organic walnut oil and availability issues. The organic segment of walnut oil is on the rise as well, owing to the increased preference for organic products. On the basis of distribution channel, the walnut oil market can be segmented into business to business, hypermarkets/ supermarkets, e-Commerce, and other retail formats. Among these, the supermarkets/ hypermarkets segment is the most prominent one, owing to the availability of walnut oil in its native form throughout hypermarkets and supermarkets, majorly. The business to business segment holds the second-largest share in the walnut oil market, but is expected to lose significant market share, as the use of the native form of walnut oil is increasing by the day.
Market Regional Outlook
On the basis of regional segmentation, the market for walnut oil is segmented into five different regions: Latin America, North America, Europe, the Middle East and Africa, and Asia Pacific. Out of these, the North American region dominated the walnut oil market, and is predicted to continue to do so for a long period of time. The U.S. is the largest consumer in North America, for domestic and industrial applications as well. The U.S. is also one of the largest walnut producers in the world, but that doesn’t necessarily translate into walnut oil production, since a majority of walnut is exported to Latin America for cost feasibility in walnut oil processing. Increasing GDP in developing countries is enabling consumers to opt for walnut oil as a healthcare and personal care product. Europe, being a matured market for oils and allied products, is expected to lose its market share by less than 1% over the forecast period.
The rising demand for cosmetic products from developing countries, combined with the increased incorporation of natural oils into cosmetic products has proven to be one of the influential driving factors for the walnut oil market. Increased health food trends have also resulted in healthy oil being chosen for food preparation and dressings, one of them being walnut oil. This has certainly increased the demand for walnut oil from the food and beverages segment.
The increased preference for alternative forms of therapies and medicines has had a huge impact on the aromatherapy industry. Walnut oil is largely used as a carrier oil in aromatherapy, owing to its neutral odor profile. The growth in the aromatherapy sector directly translates to the growth in the walnut oil market. This desirable property of walnut oil has also resulted in the demand for walnut oil being driven up from the perfume industry.
Increased consumer awareness resulting in an increased preference of consumers towards natural ingredients in cosmetic products, and an increased do-it-yourself trend have resulted in the demand for native walnut oil being surged in the market. Consumers prefer to purchase walnut oil and use it in its native form for personal care, rather than purchasing cosmetic products incorporating walnut oil. Apart from this, a healthy approach to food preparation has resulted in the increased demand for walnut oil from the food and beverage industry for use as dressings for salads and desserts. It adds to the nutritional value as well as provides a richer taste profile.
Market Key Players
Some of the key players in the walnut oil market are Gustav Heess GmbH, Proteco Oil, Caloy, Inc., Henry Lamotte OILS GmbH, La Tourangelle, Truly Essential, Aromax industry, Granary Oil Company, Paducah Olive Oil Company, Tarpon Springs Olive Oil Company, Azienda Agricola La Masetta, Uncle Joe’s Factory, Royal Nut Company, Nuts.com, Eataly Net S.r.l., Alnor Oil Company and others.
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The study objectives are Walnut Oil Market Report:
- To analyze and research the global Walnut Oil status and future forecast involving, production, revenue, consumption, historical and forecast.
- To present the key Walnut Oil manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
- To segment the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Walnut Oil Market:
History Year: 2014 – 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 – 2025
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This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Walnut Oil market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.