Pine
nut oil also known as pine seed oil or cedar oil is oil obtained from
the nuts of cedar/pine trees. It is a precious source of nutrients
including saturated fatty acids, minerals and vitamins. Pine nut oil
is unique to the market having useful benefits such as maintaining
healthy weight, providing relief from gastritis, irritable bowel
syndrome, heartburn and promoting growth of health bacteria in gut.
Apart from health it also has many skin care benefits and is gaining
significant popularity in variety of cuisines. As a whole, pine nut
oil is expected to show steady increase in market in terms of both
value and volume attributed to the nutritional and health benefits
that are associated with pine nut oil.
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Pine
nut Oil Market Segmentation:
The
global pine nut oil market is segmented on the basis of application,
packaging, distribution channel, and region. On the bases of
application the pine nut oil is segmented as culinary and health
supplement. Among these the culinary use of oil is expected to grow
steadily as it is used in salads and other preparations to add
flavor. Whereas the supplement market is driven by increasing
consumer awareness and promotions on social media and hence is
expected to show a relatively faster growth rate in terms of value
over the forecast period. Based on packaging, the global pine nut
oil market is segmented into two main segments; bottles, capsules.
Though the use of pine nut oil is mainly by the bottles of different
sizes but the capsules packs are expected to gain momentum and grab a
significant share of pine nut oil market due its convenience in use
as a dietary supplement.
Based
on distribution channel, the global pine nut oil market is segmented
as online retail, supermarkets/hypermarkets, and specialty food
stores including health and natural food stores gourmet stores in
USA. Pine nut oil in not used as a replacement for cooking oil due to
its low smoke point, rather used as a flavor and a supplement. Thus
it is not sold with other cooking oils but separate sometimes under
food dressings, the distribution channel is set to develop and use
sales through the Internet and select retail stores and thus it is
expected to increase its revenue shares over the forecast period.
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Pine
nut oil Market Regional Outlook:
The
raw pine nuts are harvested in the regions of Siberia, Eastern Russia
and exported globally as a raw material or a finished product. A high
amount of production in China is expected to lead the Asia Pacific’s
market growth. The growing use of pine nut oil in European cuisine is
expect to drive the European market’s growth. North America imports
most its pine nut and the consumption is expected to grow in the
forested period. This is attributed to the health and nutritional
benefits and spiking demand of nutritional supplements derived from
natural products. The pine nut oil market is regionally segmented
into following key regions; North America, Latin America, Western
Europe, Asia Pacific and Middle East Japan and Africa.
Pine
nut Oil Market Drivers and Trends:
The
wide applications of pine nut oil presents a great opportunity, the
rise in demand is majorly driven by the health benefits it has to
offer. Pine nut oils uniqueness in its flavor, providing a nutty
taste for salad dressing is expected to drive the market of pine nut
oil. The oil is available as a natural supplement and thus is a key
attraction for health conscious consumers. Apart from culinary and
supplement, pine nut oil finds its use in cosmetics oils. It also
has numerous uses in wood finishing, paint base for paintings etc.,
together these factors are expected to synergies the market growth of
pine nut oil in the forecast period.
Pine
nut Oil Market Key Players:
Pine
nut oil is a steadily growing market. Some of the key players in the
global Pine nut oil market includes; Siberian Tiger Naturals, Inc,
Credé Natural Oils, Wellness Resources, Inc, Podor oils, Hemani
Herbal LLC, Pariani oils, Siberian Treasure, The Other Option and
Dis-Chem Pharmacies.
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