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Home ➤ Food and Beverage ➤ Walnut Oil Market
Walnut Oil Market
Walnut Oil Market
Published date: April 2025 • Formats:
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  • Home ➤ Food and Beverage ➤ Walnut Oil Market

Global Walnut Oil Market Size, Share, And Business Benefits By Product Form (Refined Walnut Oil, Unrefined Walnut Oil), By Nature (Organic Walnut Oil, Conventional Walnut Oil), By Grade (Food Grade, Pharma Grade, Cosmetic Grade), By Application (Food and Beverage, Cosmetics, Pharmaceuticals and Nutraceuticals, Aromatherapy, Others), By Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

  • Published date: April 2025
  • Report ID: 145235
  • Number of Pages: 207
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Quick Navigation

    • Report Overview
    • Key Takeaways
    • By Product Form Analysis
    • By Nature Analysis
    • By Grade Analysis
    • By Application Analysis
    • By Distribution Channel Analysis
    • Key Market Segments
    • Driving Factors
    • Restraining Factors
    • Growth Opportunity
    • Latest Trends
    • Regional Analysis
    • Key Players Analysis
    • Recent Developments
    • Report Scope

    Report Overview

    The Global Walnut Oil Market is expected to be worth around USD 2.0 billion by 2034, up from USD 1.1 billion in 2024, and grow at a CAGR of 6.4% from 2025 to 2034. The walnut oil market in the Asia-Pacific captures 48.30%, with a total value of USD 0.5 billion.

    Walnut oil is derived from walnuts, specifically the nuts of the Juglans regia tree. It is typically extracted through a cold-pressing method, which helps preserve the oil’s nutrients and flavor. Renowned for its rich, nutty taste, walnut oil is often used as a finishing oil in salads and desserts. It is also celebrated for its health benefits, including high levels of polyunsaturated fats and antioxidants.

    Walnut Oil Market Size

    The walnut oil market encompasses the production, distribution, and sale of walnut oil for various uses, including culinary, cosmetic, and pharmaceutical applications. This market caters to a niche audience seeking natural and health-oriented products, with a growing trend toward organic and clean-label ingredients.

    Growth Factors The primary growth driver for the walnut oil market is the increasing awareness of its health benefits, such as improving heart health and combating inflammatory diseases. Additionally, the culinary industry’s demand for high-quality specialty oils for gourmet cooking and flavor enhancement is expanding the market.

    Demand Trends Demand for walnut oil is buoyed by its popularity in the cosmetic industry, where it’s prized for its moisturizing properties and natural antioxidants. This oil is incorporated into anti-aging creams and soothing balms, aligning with the broader consumer shift towards organic and natural beauty products.

    The CWC aims to fund approximately 3-4 studies with limits of around $100,000 to $150,000 per observational study and $400,000 to $500,000 per clinical trial. This initiative underscores the commitment to further explore the health benefits of walnuts and walnut oil.

    Key Takeaways

    • The Global Walnut Oil Market is expected to be worth around USD 2.0 billion by 2034, up from USD 1.1 billion in 2024, and grow at a CAGR of 6.4% from 2025 to 2034.
    • Refined walnut oil dominates the market with a significant share of 67.20%.
    • Conventional walnut oil is preferred by most, holding 73.40% of the market.
    • Food-grade walnut oil is a major category, accounting for 53.30% of sales.
    • In applications, 48.40% of walnut oil is used in the food and beverage sector.
    • Supermarkets and hypermarkets are key distribution channels, making up 38.40% of sales.
    • Asia-Pacific dominates with 48.30% of the walnut oil market, reaching USD 0.5 billion.

    By Product Form Analysis

    Refined walnut oil dominates the market with a 67.20% share.

    In 2024, Refined Walnut Oil held a dominant market position in the “By-Product Form” segment of the Walnut Oil Market, boasting a substantial 67.20% share. This significant market presence can be attributed to refined walnut oil’s widespread acceptance and preference in both culinary and cosmetic applications.

    Consumers favor refined walnut oil for its lighter taste and higher smoking point, making it more versatile for cooking and baking compared to its unrefined counterpart. Additionally, the refinement process removes impurities and allergens, enhancing the oil’s appeal among consumers with sensitive skin, contributing to its use in various skincare and beauty products.

    This segment’s dominance is further bolstered by the growing trend toward healthier eating habits and the rising popularity of natural beauty products, where refined walnut oil is positioned as a premium ingredient. As such, refined walnut oil continues to capture the attention of health-conscious consumers and gourmet chefs alike, cementing its leadership in the market.

    By Nature Analysis

    Conventional walnut oil holds a significant 73.40% of the market.

    In 2024, Conventional Walnut Oil held a dominant market position in the “By Nature” segment of the Walnut Oil Market, with a 73.40% share. This dominance reflects the robust demand for conventional walnut oil, which is often preferred due to its cost-effectiveness and wider availability compared to organic variants.

    The conventional production method, which typically involves larger-scale operations and less stringent regulations than organic practices, enables manufacturers to offer this oil at a more competitive price. This price advantage makes conventional walnut oil particularly appealing in markets where consumers are price-sensitive yet seek the health benefits associated with walnut oil.

    Moreover, the extensive distribution channels established for conventional food products facilitate the accessibility of conventional walnut oil in various retail formats, enhancing its market penetration.

    While there is a rising trend towards organic products, the significant cost difference and the established trust in conventional food safety standards continue to drive the majority of consumers towards conventional walnut oil.

    By Grade Analysis

    Food grade walnut oil accounts for 53.30% of the market.

    In 2024, food-grade walnut oil held a dominant market position in the “By Grade” segment of the Walnut Oil Market, with a 53.30% share. This leadership stems from the extensive use of walnut oil in culinary applications, where its distinctive, nutty flavor enhances the taste profiles of salads, pasta, and baked goods.

    The preference for food-grade walnut oil is driven by its nutritional benefits, including high contents of omega-3 fatty acids and antioxidants, which appeal to health-conscious consumers looking to improve heart health and reduce inflammation.

    The dominance of food-grade walnut oil is also supported by its incorporation into various dietary supplements and functional foods, expanding its reach beyond traditional cooking uses. Its versatility and health benefits make it a preferred choice not only for home kitchens but also in professional culinary settings, where chefs seek quality ingredients that provide both flavor and health advantages.

    As consumers continue to prioritize healthy eating habits and clean labeling, the demand for food-grade walnut oil is expected to maintain its leading position in the market, reflecting its integral role in dietary and culinary trends.

    By Application Analysis

    Food and beverage applications use 48.40% of the market’s walnut oil.

    In 2024, the Food and Beverage sector held a dominant market position in the “By Application” segment of the Walnut Oil Market, commanding a 48.40% share. This prominence is primarily due to walnut oil’s valued role in enhancing flavors in a variety of culinary applications, from gourmet cooking to everyday meal preparation.

    The health benefits associated with walnut oil, such as its high omega-3 fatty acid content, also contribute to its widespread use in food and beverage applications. These health benefits meet the increasing consumer demand for functional foods that contribute to a healthier lifestyle. Additionally, the growing trend of using clean and natural ingredients in food preparation has further bolstered the use of walnut oil in this sector.

    Furthermore, walnut oil’s adoption in specialized food segments, such as vegan and gluten-free diets, has expanded its consumer base. Its ability to serve as a flavorful alternative to traditional cooking oils ensures its continued popularity in the dynamic food and beverage industry, underlining its significant market share.

    Walnut Oil Market Share

    By Distribution Channel Analysis

    Supermarkets and hypermarkets distribute 38.40% of the market’s walnut oil.

    In 2024, Supermarkets/Hypermarkets held a dominant market position in the “By Distribution Channel” segment of the Walnut Oil Market, with a 38.40% share. This significant market share is largely attributed to the convenience and accessibility these outlets offer to consumers seeking a variety of food products, including specialty oils like walnut oil.

    Supermarkets and hypermarkets are pivotal in introducing consumers to walnut oil, providing the opportunity for on-the-spot decision-making influenced by factors such as packaging, price comparisons, and immediate availability.

    The presence of walnut oil on the shelves of major supermarkets and hypermarkets allows for greater consumer reach and product visibility, which is crucial for promoting the adoption of walnut oil among mainstream shoppers. These retail giants often have the advantage of high foot traffic and the ability to offer competitive pricing through economies of scale, making them a preferred shopping destination for a large base of consumers.

    Furthermore, the strategic placement of walnut oil in these outlets, often alongside other health-centric products, enhances its appeal to health-conscious buyers, reinforcing its market position. As supermarkets and hypermarkets continue to dominate the retail landscape, their role in distributing walnut oil remains fundamentally strong, underpinning the sustained growth and accessibility of this product in the market.

    Key Market Segments

    By Product Form

    • Refined Walnut Oil
    • Unrefined Walnut Oil

    By Nature

    • Organic Walnut Oil
    • Conventional Walnut Oil

    By Grade

    • Food Grade
    • Pharma Grade
    • Cosmetic Grade

    By Application

    • Food and Beverage
    • Cosmetics
    • Pharmaceuticals and Nutraceuticals
    • Aromatherapy
    • Others

    By Distribution Channel

    • Supermarkets/Hypermarkets
    • Online Retail
    • Specialty Stores
    • Others

    Driving Factors

    Growing Popularity of Health-Conscious Consumers Drives Demand

    The demand for walnut oil is primarily driven by its growing popularity among health-conscious consumers. Walnut oil, known for its numerous health benefits, has become a preferred choice for those looking to improve their dietary habits.

    Rich in antioxidants and omega-3 fatty acids, it is often recommended for heart health and as an anti-inflammatory food. As awareness about maintaining a healthy lifestyle increases, more consumers are incorporating walnut oil into their diets.

    This shift toward healthier oils is pushing manufacturers to expand their product lines and reach, tapping into the health trends that resonate with today’s consumer base. This factor alone significantly propels the growth of the walnut oil market, as health and wellness continue to be major trends globally.

    Restraining Factors

    High Production Costs Limit Walnut Oil Availability

    One of the main restraining factors affecting the walnut oil market is the high cost of production. Walnut oil is extracted from walnuts, which are not as abundantly available as other oilseed crops, making the raw material itself more expensive.

    Additionally, the process of extracting oil from walnuts is more intricate and labor-intensive compared to more common oils like olive or canola. This results in higher production costs, which in turn increase the retail price of walnut oil.

    The elevated price point can deter average consumers, particularly in cost-sensitive markets, limiting the widespread adoption of walnut oil. This factor significantly hampers market growth as potential buyers opt for more economically priced alternatives.

    Growth Opportunity

    Expanding Market in Emerging Economies Offers Opportunities

    A significant growth opportunity for the walnut oil market lies in expanding its presence in emerging economies. As the middle class in these regions grows, there is an increasing demand for diversified and healthier dietary options. Walnut oil, with its numerous health benefits, is well-positioned to meet this demand.

    Moreover, these markets often have untapped potential due to lower initial market saturation compared to developed countries. By focusing on countries with growing health awareness and increasing disposable incomes, companies can tap into new consumer bases eager to try premium, health-oriented products.

    Strategically entering these markets with targeted marketing and competitive pricing could substantially increase the global footprint of the walnut oil market, fostering growth in new and dynamic regions.

    Latest Trends

    Walnut Oil Blends Rising as Culinary Trend

    A notable trend in the walnut oil market is the emergence of walnut oil blends. These blends, which combine walnut oil with other carrier oils like olive or almond oil, are gaining popularity for their enhanced flavor profiles and nutritional benefits.

    By mixing walnut oil with other oils, manufacturers can offer products that are not only versatile in cooking and salad dressings but also cater to consumers seeking varied health benefits and taste experiences.

    This innovation in product offerings is appealing to a broader audience, including culinary enthusiasts and health-conscious individuals. As consumers become more adventurous with their food choices and continue to seek health-enhancing ingredients, the demand for these innovative blends is expected to grow, reflecting a dynamic shift in consumer preferences within the oil market.

    Regional Analysis

    In the Asia-Pacific, walnut oil holds a significant 48.30% market share, valued at USD 0.5 billion.

    The walnut oil market demonstrates varied growth dynamics across different global regions, influenced by regional dietary habits, economic conditions, and health awareness. Dominating the market, Asia-Pacific commands a substantial 48.30% share, translating to USD 0.5 billion, driven by increasing consumer awareness about health and wellness and the rising middle-class population with disposable income.

    In contrast, North America and Europe show considerable interest in walnut oil due to growing trends in healthy eating and the use of natural products in cooking and skincare, although specific numeric data for these regions are not provided.

    Meanwhile, the market in Latin America and the Middle East & Africa is developing, with these regions slowly adopting healthier oil alternatives amidst rising health consciousness. The potential in these regions is bolstered by urbanization and the expanding retail sector, which facilitates greater product availability and variety.

    However, these markets currently contribute smaller shares compared to Asia-Pacific, highlighting a significant opportunity for market expansion and penetration by leveraging targeted marketing strategies and local consumer preferences in healthy dietary oils.

    Walnut Oil Market Region

    Key Regions and Countries

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of MEA

    Key Players Analysis

    In the global walnut oil market, key players such as AOS Products Pvt. Ltd., Aromex Industry, and Best Natures Cosmetic are strategically positioned to capitalize on the growing demand for natural and healthy oils in 2024.

    AOS Products Pvt. Ltd., known for its commitment to quality and purity, focuses on producing organic walnut oil that caters to the health-conscious consumer. Their strong emphasis on sustainable and eco-friendly practices resonates well with global trends towards environmental sustainability and could drive their market share upwards as consumers increasingly favor companies with green credentials.

    Aromex Industry, with its advanced extraction techniques, ensures high-quality walnut oil that retains all its beneficial properties. Their technological edge in processing and efficiency can serve as a key differentiator, allowing them to offer premium products at competitive prices. As consumers become more knowledgeable about the health benefits of walnut oil, Aromex’s focus on technological prowess and product quality could see it gain a more substantial foothold.

    Best Natures Cosmetic, which markets itself primarily through its natural cosmetic product line, benefits from the dual trends of natural beauty products and healthful dietary oils. Their walnut oil is positioned not just as a cooking ingredient but as a holistic health product, enhancing its appeal across multiple consumer segments. This approach could expand their consumer base from just culinary enthusiasts to health and beauty-conscious individuals, driving growth in diverse markets.

    Top Key Players in the Market

    • AG Industries
    • AOS Products Pvt. Ltd.
    • Aromex Industry
    • Best Natures Cosmetic
    • Bio Planete
    • Biopurus . C.O.
    • Byodo Naturkost GmbH
    • Chinaplantoil
    • Clearspring L
    • La Tourangelle
    • Locavor
    • O&3 Limited
    • Plenty Foods
    • Roland Foods LLC
    • SVA Organics
    • VedaOils

    Recent Developments

    • In December 2024, VedaOils introduced walnut oil, highlighting its benefits for skin health. Rich in omega-3 and omega-9 fatty acids, this oil offers anti-aging properties, helps prevent infections, and improves skin tone. ​
    • In November 2024, La Tourangelle expanded its product line by introducing the Organic Smooth & Fruity Extra Virgin Olive Oil, a blend of arbequina and picual olives. This addition reflects their commitment to offering high-quality, flavorful oils. ​

    Report Scope

    Report Features Description
    Market Value (2024) USD 1.1 Billion
    Forecast Revenue (2034) USD 2.0 Billion
    CAGR (2025-2034) 6.4%
    Base Year for Estimation 2024
    Historic Period 2020-2023
    Forecast Period 2025-2034
    Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments
    Segments Covered By Product Form (Refined Walnut Oil, Unrefined Walnut Oil), By Nature (Organic Walnut Oil, Conventional Walnut Oil), By Grade (Food Grade, Pharma Grade, Cosmetic Grade), By Application (Food and Beverage, Cosmetics, Pharmaceuticals and Nutraceuticals, Aromatherapy, Others), By Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Others
    Regional Analysis North America – US, Canada; Europe – Germany, France, The UK, Spain, Italy, Rest of Europe; Asia Pacific – China, Japan, South Korea, India, Australia, Singapore, Rest of APAC; Latin America – Brazil, Mexico, Rest of Latin America; Middle East & Africa – GCC, South Africa, Rest of MEA
    Competitive Landscape AG Industries, AOS Products Pvt. Ltd., Aromex Industry, Best Natures Cosmetic, Bio Planete, Biopurus . C.O., Byodo Naturkost GmbH, Chinaplantoil, Clearspring L, La Tourangelle, Locavor, O&3 Limited, Plenty Foods, Roland Foods LLC, SVA Organics, VedaOils
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)
    Walnut Oil Market
    Walnut Oil Market
    Published date: April 2025
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    • AG Industries
    • AOS Products Pvt. Ltd.
    • Aromex Industry
    • Best Natures Cosmetic
    • Bio Planete
    • Biopurus . C.O.
    • Byodo Naturkost GmbH
    • Chinaplantoil
    • Clearspring L
    • La Tourangelle
    • Locavor
    • O&3 Limited
    • Plenty Foods
    • Roland Foods LLC
    • SVA Organics
    • VedaOils
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