According to a new report, published by KBV research, 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).
The Cosmetics segment is registering a CAGR of 6.1% during (2023 - 2030). Walnut oil offers numerous skin and hair care benefits, making it a versatile ingredient in cosmetics formulations. Whether used in moisturizers, anti-aging products, facial cleansers, hair conditioners, scalp treatments, lip care products, or body oils, walnut oil helps nourish, hydrate, and rejuvenate the skin and hair, promoting healthy and radiant well-being.
The Online Retail segment is leading the Global Walnut Oil Market, by Distribution Channel in 2022; thereby, achieving a market value of $715 Million by 2030. Online retailers provide detailed product descriptions, including ingredient lists, nutritional content, certifications, and customer reviews. Due to this openness, buyers can base their selections on nutritional value, customer satisfaction, and product quality. Also, online retailers often offer competitive pricing and discounts on walnut oil products, making them more affordable.
The Pharma Grade segment is experiencing a CAGR of 5.9% during (2023 - 2030). Walnut oil contains beneficial compounds such as omega-3 fatty acids, antioxidants, and vitamins, which have potential therapeutic properties. These compounds may offer various health benefits, including anti-inflammatory, antioxidant, and cardiovascular support properties. Pharmaceutical-grade walnut oil is sought for its potential therapeutic applications in formulations for skin conditions, dietary supplements, and medicinal products.
Full Report: https://www.kbvresearch.com/walnut-oil-market/
The North America region dominated the Global Walnut Oil Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $477.6 Million by 2030. The Europe region is anticipating a CAGR of 6.1% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.8% during (2023 - 2030).
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
By Grade (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
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