Global Walnut Oil Market 2017-2021

Overview of the global walnut oil market

This market research analysis identifies the large number of benefits associated with walnut oil as one of the primary growth factors for the walnut oil market. Consumers increasingly prefer walnut oil due to their several nutritional benefits such as dietary source of essential fatty acids and antioxidants and reduced risk of cardiovascular diseases. Additionally, walnut oil also boosts blood vessel functioning and reduces belly fat. Moreover, the oil also beneficial to hair and skin as it prevents hair loss and dandruff, promotes hair growth, and treats several skin diseases. Technavio’s market research analysts estimate that this market will grow steadily at a CAGR of around 5% by 2021.

The increasing demand for artisanal oils is identified as one of the key trends behind the growth of the walnut oil market. Consumers are increasingly demanding artisanal oils as these products are made using traditional methods or are handcrafted. The demand for traditional products and handcrafted goods is steadily increasing among the consumers. Artisanal products are increasingly gaining preference with the consumers and are regarded as authentic and of high-quality. The artisanal oils are produced in small batches. The rising demand for artisanal oils is encouraging several culinary oil manufacturers to produce artisanal oils to cater to customer demands.

Competitive landscape and key vendors

The walnut oil market is fragmented due to the presence of several international and regional vendors competing based on factors such as price, quality, innovation, packaging, reputation, marketing channels, and distribution. The market is intensely competitive due to the rapid technological changes and changing consumer preferences. Factors such as changing consumer spending pattern, consumer tastes, regional and local economic conditions, and changing demographic trends will affect the performance of the vendors in this marketspace.