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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.