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Nut Oils Market Worldwide Comprehensive Research Study 2020 | Emerging Trend, Value Share, Key Players Review, Business Prospects and Forecast to 2023
Nut Oils Market
Nuts belong to several plant families and they contain higher oil amount when compared to other oilseeds such as canola and sunflower seeds. The distinctive flavor and high protein, calcium and vitamin E content of nut oils are projected to boost the growth of the global nut oils market during the forecast period.
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The demand for nut oils is increasing due to their high oleic acid and phytosterols content. Nut oils are healthier than vegetable oils due to their higher squalene content. The squalene in nut oils is widely used in cosmetics for its highly effective emollient and natural antioxidant properties.
Segmentation
The global nut oils market has been segmented based on nut type, packaging type, distribution channel, and region.
The global nut oils market has been classified, based on nut type, as almond, walnut, hazelnut, pine, pistachio, macadamia, and others.
On the basis of packaging type, the global nut oils market has been divided into jars, bottles, pouches, and others.
The global nut oils market has been segregated, on the basis of distribution channel, into store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others.
On the basis of region, the market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American nut oils market has further been segmented into the US, Canada, and Mexico.
The nut oils market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The nut oils market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Roland Foods, LLC (US), Azada (Spain), World Finer Foods (US), Vita Line Ltd (Bulgaria), La Tourangelle, Inc. (US), Selina Naturally (US), Denova Products (South Africa), Mokhado (UK), Caloy, Inc. (US), and Nutfields GmbH (Germany) are some of the key players in the global nut oils market.
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Regional Market Summary
Globally, Europe is expected to dominate the market for nut oils due to the high consumption of these oils in regional food preparation and salad dressings for their distinctive taste and flavor. The nut oils market in Asia-Pacific is projected to register the highest CAGR due to high consumption in China, India, and Australia. Growing awareness about the several health benefits of nut oils such as weight management and improved heart and bone health are expected to boost the growth of the regional nut oils market during the assessment period.
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