Nut Oils Market Ex-factory Price, Development Strategy, Key Vendors, Forecast by 2032
The global nut oils market size was USD 100.90 Billion in 2022 and is expected to register a rapid revenue CAGR of 8.7% during the forecast period. Rising demand for natural ingredients among consumers is the primary factor driving market revenue growth. Nut oil is extracted from various nuts, such as almonds, walnuts, hazelnuts, and others, primarily through a cold-pressing or expeller-pressing process. Walnut oil improves heart health, reduces blood sugar, and has anticancer properties. This oil contains omega-3 fatty acids, which has antioxidants and polyphenols to decrease blood pressure and enhance blood lipid profiles as a result it is prescribed by doctors for maintaining good health. In addition, increasing strategic initiatives taken by major companies also is another key factor driving revenue growth of the market. For instance, on 28 June 2021, ASX-listed firm Forbidden Foods launched various walnut/macadamia oil supplemented with algal omega-3 in China and Australia b...