Market Outlook
Growinghealth consciousness among consumers regarding healthy cooking oil have fuelledthe demand for nut oil. Nut oil is a liquefied substance that is extracted fromthe kernels of various nuts, such as almonds, hazelnuts, argans, etc. Nut oilis generally aromatic in nature as compared to traditional seed extracted oils,which has been driving the demand in recent years. In food processingindustries, nut oil is used as a food additive for providing exotic nut flavorsin salads, veggie mixes, and breakfast grains. Since nut oil is generally coldpressed rather than distilled, it is highly aromatic and soothing in nature.Nut oil also consists of therapeutic properties such as antiseptic,carminative, cephalic, and others. It helps in promoting healthy heartfunctioning, oral health, and preventing occasional stomach upsets. Nut oilstimulates and improves respiratory circulation and immunity, and providesantioxidant protection. Since nut oil contains a higher concentration ofomega-7 monounsaturated fat, it nourishes the hair and skin folliclesnaturally, which has contributed to its demand in cosmetic care products. Boundto these factors, the globalnut oil market is anticipated to proliferate in terms of value andvolume during the forecast period.
Materializing Demand for Nut Oil
Nut oil isnot only utilized in food processing industries but also has wider applicationin natural and organic cosmetics. There has been huge demand for processed nutoil in natural cosmetics over the years, due to changing consumer preferencesfavoring chemical-free ingredients. Due to the presence of a high concentrationof vitamins and antioxidants, nut oil is used as a cleanser, skin toner,moisturizer, and body wash. Since nut oil has aromatic properties, it is alsoused in aromatherapy, which has high demand for massages, from spas, and fromother hospitality sectors. In cosmetics, nut oil is used for skin care bymoisturizing dry skin, for mature skin conditions and as a modifier, as ablender and fixative in cleansers, soaps, and other personal care goods. Inaddition, nut oil is used in perfumeries, since it has an exotic scent thatattracts consumers. Bound to the growing consumption of nut oil in varioussectors and regions, it is anticipated that, the global nut oil market wouldproliferate in terms of value and volume during the forecast period.
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Global Nut Oil Market: Key Players
Some ofthe major key players of nut oil include Biofinest, Natural Sourcing LLC,Liberty Vegetable Oil, Proteco Oils, Austrade Inc., Oils of Aloha, Caloy,AFRUSE, SanaBio GmbH, Shrih Trading Co Pvt Ltd, etc. More manufacturers andindustrialists have been showing keen interest in nut oil due to inflatingdemand among consumers over the years.
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Opportunities for MarketParticipants
As a naturalcosmetic ingredient and food additive, nut oil has emerging demand amongmanufacturers and consumers all over the world. In addition, it has numeroushealth benefits, which are driving its demand. It is anticipated that therewould be higher returns for the investors of nut oil during the forecastperiod.
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Global Nut Oil Market: RegionalOutlook
Nut oil iswidely used across the world due to its adequate industrial application.Globally, among all the regions, Europe accounts for the highest consumption ofnut oil, due to the growing consumer preference for organic cosmetics andaromatherapy. In the region of North America, nut oil is highly used inpersonal care products, due to growing concerns about healthy lifestyles amongconsumers. In the Asia Pacific, the increasing demand for fragrances andperfumeries, along with agglomerating demand for food additives in foodprocessing industries, has contributed to the growth of the nut oil market. InLatin America and MEA, nut oil is used for chemical processing such as paintsand varnishes, along with abundant utilization in households. Bound to all theabove factors, it is anticipated that, the growth of the global nut oil marketwould remain positive during the forecast period.
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