Walnut Oil Market

Walnut Oil Market Outlook (2024 to 2034)

The valuation of the global walnut oil market is estimated at US$ 1.04 billion in 2024 and is projected to increase at a CAGR of 6.5% to reach US$ 1.95 billion by the end of 2034.

Walnut oil provides an array of benefits attracting health-conscious people and culinary enthusiasts. Walnut oil is rich in omega-3 fatty acids, antioxidants, and vitamins, making it an ideal choice. Walnut oil boasts remarkable health benefits, particularly its high content of polyunsaturated fats, known to reduce bad cholesterol and lower the risk of heart disease, as research suggests. Also, walnut oil is a preferred component of diet regimens and beauty products due to its strong antioxidant content, which fights oxidative stress and lowers inflammation.

Demand for healthier cooking oil is increasing due to lifestyle-related disorders such as diabetes becoming more common. Because of its superior nutritional profile, walnut oil is now favored over more conventional choices. Its distinct, nutty flavor also enhances a variety of foods, such as baked products and salads.

Key Market Growth Drivers

• Demand for walnut oil is rising among fitness enthusiasts because of its richness in omega-3 fatty acids, vitamins, and antioxidants, aiding brain function and reducing inflammation.
• As health-conscious consumers increasingly seek nutrient-dense oils, the demand for walnut oil is growing.
• Walnut oil is becoming the preferred choice for consumers seeking natural and organic oil products in their daily food consumption due to its natural extraction process.
• Distinctive nutty flavor and versatility in culinary applications have made walnut oil a favorite among chefs and home cooks. It is widely used in salad dressings, marinades, and as a finishing oil to enhance taste and nutritional value.
• Rise of gourmet cooking and the popularity of home cooking shows are further boosting demand for walnut oil.
• The continuing trend positively influencing walnut oil sales is the increasing interest in plant-based diets, particularly among vegetarian and vegan groups.
• Walnut oil market growth is being propelled by the rising trend of natural and organic products in the food and cosmetic sectors.
• Demand for cold-pressed and organic walnut oils is increasing as they preserve more flavors and nutrients.
• Production of walnut oil is becoming more cost-effective and efficient due to advancements in extraction and processing technologies.

Report Attribute	Detail
Walnut Oil Market Size (2024E)	US$ 1.04 Billion
Forecasted Market Value (2034F)	US$ 1.95 Billion
Global Market Growth Rate (2024 to 2034)	6.5% CAGR
North America Market Share (2024E)	23.9%
East Asia Market Value (2024E)	US$ 232.7 Million
Cosmetics & Personal Care Segment Value (2034F)	US$ 436.8 Million
Sales of Conventional Walnut Oil (2034F)	US$ 1.08 Billion
Key Companies Profiled	La Tourangelle; Aromax Industry; Caloy, Inc.; Gustav Heess GmbH; Royal Nut Company; Eataly Net S.r.l; Tarpon Springs Olive Oil Company; Alnor Oil Company; Uncle Joe’s Factory; AOS Products Pvt. Ltd.; SVA Organics; Nature Stuff Limited; Byodo Naturkost GmbH.

Which Factors are Driving Up Profits of Walnut Oil Manufacturers?

“Customer Preference Shifting toward Natural & Organic Products”

Increased consumer demand for natural and organic products, notably in the food and cosmetics sectors, is contributing to the expansion of the walnut oil market size. Modern customers prioritize products sourced and produced sustainably. Especially sought after is cold-pressed, organic walnut oil, preserving its natural nutrients and flavor profile. This rising demand reflects the perception that these products are environmentally friendly and healthier, aligning with consumers' preference for clean, natural, and organic solutions.

“Preference for Walnut Oil among Chefs Due to its Nutty Flavor & Nutritional Content”

Professional chefs favor walnut oil for its unique, nutty flavor and culinary versatility. When used in marinades, salad dressings, and finishing oils, it enhances both taste and nutrition. Demand for walnut oil is rising at a steady pace due to the popularity of gourmet cooking and home cooking programs, as people seek to elevate their meals with premium ingredients.

Which Aspects are Restraining Market Growth to Some Extent?

“Seasonal Availability of Walnut Limiting Production Capacity”

Walnut production is naturally seasonal, with harvesting occurring once a year in late summer to early fall. Due to a limited harvesting window, the availability of walnuts and thus, walnut oil is constrained by the natural growing cycle. Walnut trees are sensitive to various environmental conditions, which have a substantial impact on yield. Adverse weather conditions such as cold, dryness or extreme rainfall sometimes harm the trees and decrease nut yield. Pest infestations, such as those caused by codling moths or walnut husk flies, further degrade the number and quality of harvested nuts.

Environmental problems tend to trigger variations in walnut yields from year to year, resulting in supply constraints and oscillations in walnut oil availability. This makes it difficult for companies to maintain a consistent market presence and leads to pricing volatility, impacting customer trust and market stability. Easy availability of alternatives such as peanut oil and olive oil is also impeding market growth to some extent.

Country-wise Insights

North America is poised to hold 23.9% of the global walnut oil market share in 2024. The Western & Eastern European regions are also forecasted to hold a significant market share by 2034 due to the culinary trend toward gourmet cooking and the growing popularity of heal-oriented diets.

Why are Walnut Oil Producers Directing Their Attention toward the United States?

“Optimal Growing Conditions and Strategic Advantage of Local Production”

Attribute	United States
Market Value (2024E)	US$ 110.5 Million
Growth Rate (2024 to 2034)	6.9% CAGR
Projected Value (2034F)	US$ 216.1 Million

The United States, particularly California, ranks among the world's leading walnut producers. This is primarily due to the Central Valley of California, which provides optimal growing conditions for walnut trees. The area's warm days, mild nights, and well-drained soils are ideal for walnut farming. These ideal conditions help maintain high yields consistently and produce high-quality walnuts. The availability of locally obtained walnuts in California offers a consistent and dependable supply of raw materials for walnut oil production.

Local sourcing significantly reduces transportation expenses and logistics complications because the walnuts do not need to be shipped from far away. Processing walnuts close to where they are gathered preserves their freshness and nutritional content, improving the quality of walnut oil. This strategic advantage of the United States not only promotes efficient and cost-effective walnut oil production but also allows producers to meet the market's expanding need for high-quality, fresh, and locally produced walnut oil. These are the key walnut oil market trends that producers are capitalizing on in the country.

Which Factors are Contributing to Culinary Experimentation with Walnut Oil in South Korea?

“Strong Culinary Culture and Growing Popularity of Cooking Shows and Food Blogs”

Attribute	South Korea
Market Value (2024E)	US$ 51.7 Million
Growth Rate (2024 to 2034)	7.3% CAGR
Projected Value (2034F)	US$ 104.1 Million

South Korea's strong culinary culture, supplemented by traditional Korean foods and foreign culinary influences, provides an ideal environment for culinary experimentation. The growing popularity of cooking shows, food blogs, and social media platforms is boosting consumer interest and desire to try new products and dishes. Walnut oil exhibits a particular flavor and is used in many culinary applications. Its incorporation into cooking demos and recipes on many platforms is boosting customer interest. As South Korean consumers embrace new culinary experiences, walnut oil is projected to remain a popular ingredient, complementing both traditional and contemporary meals.

Category-wise Insights

Based on distribution channel, the market is segmented into business-to-business, hypermarkets and supermarkets, and e-commerce. Supermarkets and hypermarkets hold a significant market share due to the availability of walnut oil and the high number of consumer purchases from these distribution channels.

Why is Conventional Walnut Oil Preferred over Organic Variants?

“Widespread Availability and Low Cost of Conventional Walnut Oil”

Attribute	Conventional Walnut Oil
Segment Value (2024E)	US$ 567.2 Million
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 1.08 Billion

By nature, the conventional walnut oil segment is estimated to hold 54.6% of the market share in 2024 and is further projected to account for 55.2% by 2034. Demand for conventional walnut oil is increasing at a steadier pace compared to organic, due to its widespread availability and low price, which attract a wider consumer base. Certain consumers place more value on availability and price than on certain production techniques or organic certifications. Purchase decisions can also be influenced by the extended shelf life of conventional walnut oil.

Why is Use of Walnut Oil Increasing in Personal Care Products & Cosmetics?

“Moisturizing and Antioxidant Qualities of Walnut Oil Driving Use in Cosmetics”

Attribute	Personal Care & Cosmetics
Segment Value (2024E)	US$ 251.4 Million
Growth Rate (2024 to 2034)	5.7% CAGR
Projected Value (2034F)	US$ 436.8 Million

Utilization of walnut oil increasing in personal care and cosmetics due to its high concentration of vitamins, minerals, and vital fatty acids. Due to its well-known moisturizing, anti-inflammatory, and antioxidant qualities, it is commonly used as a component in skincare products. Walnut oil's expanding usage in the personal care and cosmetic sector is also influenced by its potential to support hair development and enhance general hair health.

Competitive Landscape

Key players in the walnut oil industry focus on marketing activities to raise awareness of its health advantages, culinary versatility, and exceptional quality. Leveraging digital platforms such as social media, websites, and online advertising enables them to successfully reach a larger audience. Collaborating with culinary and wellness professionals enhances their message, allowing them to reach consumers who respect reputable suggestions.

Through custom advertising campaigns, these companies hope to showcase walnut oil's unique selling advantages, encouraging customers to incorporate it into their everyday cooking routines and wellness regimens. Overall, these marketing initiatives are playing an important role in enhancing the market presence of walnut oil products.

• In May 2024, Green Boy announced his investment in Sigma Oil Seeds B.V., a manufacturer and international supplier of plant-based organic and conventional oils and fats. Based in Rotterdam, the Netherlands, Sigma Oil Seeds specializes in providing premium virgin and refined oils, including walnut, sesame, and coconut oil, to the plant-based food and cosmetics commercial sector.
• In June 2021, based on customer patterns seen on the massive e-commerce platform Alibaba Tmall, Australia's Forbidden Foods released a variety of walnut/macadamia oil supplemented with algal omega-3 in China.

Fact.MR provides detailed information about the price points of key producers of walnut oil positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Walnut Oil Market Research

• By Nature :

  • Organic
  • Conventional

• By Distribution Channel :

  • Business-to-Business
  • Hypermarkets/ Supermarkets
  • e-Commerce

• By End Use :

  • Food & Beverages
  • Personal Care & Cosmetics
  • Nutritional Supplements
  • Aromatherapy
  • Pharmaceuticals

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa