In spite of these growth propelling factors described above, the global walnut oil is hindered owing to several factors. Increasing production costs poses as a primary obstacle to the market’s growth. Moreover, fluctuation in availability of quality walnuts might give rise to volatility in walnut oil processing. A substantial preference shown by consumers towards alternatives such as soyabean oil, groundnut oil, and sunflower oil, among others, is expected to challenge the walnut oil market too.
Rising awareness about the health benefits of walnut oil serves as a primary growth driving factor in the global walnut oil market. This is mainly due to abundance of Omega 3 essential fatty acid along with high mineral content such as iron, zinc, sodium, calcium, selenium, phosphorus and magnesium in the oil.
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This natural product is not only utilized for skin care, but also is highly useful for hair care purposes, wood finishing activities, and for cooking specific recipes. Its medicinal properties such as ability to lower cholesterol and protection from free radical damage, along depicting presence of being antifungal, anti-inflammatory, and anti-oxidant characteristics, are collectively increasing consumers’ interest in this oil.
Thus, from an overall perspective, an increased awareness among consumers regarding health benefits and various other applications of walnut oil in skin and hair care is expected to further fuel demand for walnut oil. Walnut oil find extensive application in the pharmaceutical industry owing to existence such medicinal properties. In future, several macroeconomic factors such as improving economic conditions of several regions, changing lifestyles, and increase in per capita income are expected to stoke growth in the global walnut oil market.
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Many people are allergic to walnuts and their derivatives such as oils, which in rare cases could be fatal. Such allergies also might make these consumers stay away from peanut oil, consequently hindering the global walnut oil market’s growth. Nevertheless, many players are expected to work on regulating demand and supply of walnut products including its oil, thus offsetting most restraints affecting the walnut oil market.