The Asia Pacific Walnut Oil Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 10,313.18 tonnes, showcasing a growth of 5.7% (2019-2022).
Walnut oil is often used as a dipping oil for bread, crackers, and vegetables, providing a flavorful and nutritious accompaniment to appetizers and snacks. It can also be used as a finishing oil to spread over cooked food, such as soups and grilled meals, with a nutty flavor and presentation. It is a nutritional supplement that improves cardiovascular wellness, brain function, and general well-being because of its high omega-3 fats, antioxidants, and vitamins. It can be taken as a stand-alone supplement or to increase the amount of minerals and important fatty acids in drinks, shakes, yogurt, or oatmeal.
The adoption trends for the market reflect changing consumer tastes, changing eating patterns, and rising knowledge of the advantages of walnut oil used for health. Consumers are increasingly prioritizing health and wellness, leading to greater awareness of the nutritional properties of walnut oil. Compared to conventional cooking oils, it is thought to be healthier due to its high levels of vitamins and antioxidants. As a result, consumers are incorporating walnut oil into their diets as part of a balanced and nutritious eating plan.
The growth of e-commerce platforms in China allows walnut oil producers to reach a broader domestic and international consumer base. As per the State Council of the People's Republic of China, during the 14th Five-Year Plan period, e-commerce transactions are expected to reach 46 trillion yuan ($7.2 trillion) by 2025, compared with 37.2 trillion-yuan last year. By 2035, e-commerce will become an important driver of China's economy. Through online marketplaces and digital storefronts, walnut oil manufacturers can showcase their products to a vast audience, including consumers in urban and rural areas across China and beyond. Hence, the expansion of the nutraceutical industry and the growing e-commerce sector in the region are propelling the market's growth.
The China market dominated the Asia Pacific Walnut Oil Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $112.6 Million by 2030. The Japan market is exhibiting a CAGR of 6.1% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.5% during (2023 - 2030).
Free Valuable Insights: The Global Walnut Oil Market is Predict to reach $ 1.4 Billion by 2030, at a CAGR of 6.3%
Based on Application, the market is segmented into Pharmaceuticals & Nutraceuticals, Cosmetics, Food & Beverage, Aromatherapy, and Others. Based on Distribution Channel, the market is segmented into Online Retail, Supermarkets & Hypermarkets, and Specialty Stores. Based on Grade, the market is segmented into Pharma Grade, Cosmetic Grade, and Food Grade. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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 Country (Volume, Tonnes, USD Billion, 2019-2030)
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