The Latin America, Middle East and Africa Walnut Oil Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 3,571.08 tonnes, showcasing a growth of 9.4% (2023-2030).
Walnut oil is increasingly recognized for its health-promoting properties and potential therapeutic benefits. It is gaining traction in the functional food and nutraceutical sectors. Manufacturers are exploring innovative formulations and product formats to incorporate walnut oil into dietary supplements, health bars, fortified beverages, and functional food products targeted at specific health concerns such as heart health, brain function, and inflammation.
Similarly, with the growing consumer demand for organic and non-GMO (genetically modified organisms) food products, walnut oil manufacturers are expanding their product portfolios to include certified organic and non-GMO varieties. These offerings cater to health-conscious consumers seeking clean-label ingredients and sustainable sourcing practices. The emphasis on organic and non-GMO certifications aligns with consumer preferences for transparency, authenticity, and ethical production methods, driving the adoption of premium walnut oil products.
The expansion of the UAE's food service industry signifies a burgeoning appetite for high-quality ingredients and gourmet culinary experiences. According to the United States Department of Agriculture, in 2021, the United Arab Emirates (UAE) was the second-largest food service industry in the Arab Gulf Cooperation Council (GCC) region. The total value of the UAE's hotel, restaurant, and institutional sector amounted to $12.3 billion, marking a substantial increase of nearly 17 percent compared to the figures recorded in 2020. As the hospitality sector in the UAE continues to flourish, walnut oil producers have a growing opportunity to capitalize on the demand for premium cooking oils and specialty ingredients. Therefore, the increasing food service industry and expansion of the food processing industry are propelling the market's growth.
The Brazil market dominated the LAMEA Walnut Oil Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $27.4 Million by 2030. The Argentina market is showcasing a CAGR of 8.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Walnut Oil Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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