Walnut
Oil Market Introduction:
Juglans
regia, the most common walnut oil species also known as English
walnut or walnut. Walnut oil is a total health, beauty and home
remedy available in the market. The walnut oil preparation is
obtained by solvent extraction method or a cold pressing method. This
oil has abundant Omega 3 essential fatty acids making it excellent
for skin care use. The mineral content of walnut includes iron, zinc,
sodium, selenium, calcium, magnesium and phosphorus. The oil is said
to have great emollient properties making skin feel smooth and soft.
Other skin benefits such as protection from free radical damage, this
is due to its antioxidant properties. Thus, market demand for walnut
oil from skin care products is higher. Walnut oil also provides
relief from fungal infections like ringworm, athlete’s foot. Walnut
oil is a quick drying oil, hence is an excellent choice for body
massage giving a soothing relaxing feeling and is gentle to use.
Walnut
oil finds its use not only in skin care but also as hair oil, wood
finishing oil, used for various cooking purposes. Walnut Oil has
several other medicinal properties as well such as lowers
cholesterol, antifungal, anti-inflammatory, anti-oxidant properties
and finds various applications in pharmaceutical industry.
Walnut
Oil Market Segmentation:
The
global
walnut oil market is segmented on the basis of application,
distribution channel, and region. Based on its application, the
global walnut oil market is segmented as nutritional supplements,
cosmetics products, aromatherapy and others such as wood finish and
paint thinners etc.
Amongst
all application segments cosmetics segment is expected to dominant
market over the forecast period, owing to the increasing demand from
natural oil based skin care and hair care cosmetics. Nutritional
supplements product segment is forecasted to grow due to its
popularity in weight loss therapy and nourishment by omega-3 fatty
acids. Walnut oil blends well with other massage oils, thus,
increasing popularity in aromatherapy is another factor driving
growth of walnut oil market. Walnut oils use in wood polishing and
paint thinner industry is attributed to it safe for food wood
finishing and is an odorless paint remover.
Based
on distribution channel, the global walnut oil market is segmented as
online retail, supermarkets/hypermarkets, and specialty stores. Among
which, the online retail is expected to gain major revenue shares
over the forecast period.
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Walnut
Oil Market Regional Outlook:
On
the basis of regions, the walnut market can be segmented into seven
key regions; North America, Latin America, Western and Eastern
Europe, Asia Pacific Excluding Japan, Japan and The Middle East and
Africa. North America and Asia Pacific grabs the major share of
global walnut oil market and expected to grow at a steady rate.
Western Europe regional market is expected to grow at a relatively
higher growth rate over the forecast period, due to the increased
demand driven by awareness among consumers about the health benefits
of walnut oil.
Walnut
Oil Market Drivers and Trends:
Various
mergers, acquisitions, partnership and collaboration in the walnut
oil market and relatively high investment in food industry have been
driving the walnut oil market at a steady rate.
Walnut
oil manufacturers are focusing on introducing new process refinement
for better quality product by introducing production line processing.
Macroeconomic factors like changing lifestyle, growing economy, and
increase in per capita income are factors expected to lead the growth
of global walnut oil market. The increased awareness among consumers
regarding health benefits and various other applications of walnut
oil in skin and hair care are factors expected to fuel market demand
for walnut oil.
The
rising price of high quality walnut oil products can be a restraining
factor for the walnut oil market over the forecast period.
Walnut
Oil Market Key Players:
Some
of the key players participating in the global walnut oil market
includes ; La Tourangelle , La Nogalera walnut oil, Proteco , Aromex
Industry , Yunnan Guzhiji Nutriment , Shuda Group , Yunnan Huizhiyuan
, Shanghai Rongshi, Hebei Sanli etc.
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