GITNUX MARKETDATA REPORT 2024

Nut Oils Industry Statistics

The nut oils industry is projected to experience steady growth in the upcoming years due to increasing consumer demand for natural and healthy cooking alternatives.

With sources from: statista.com, oilworld.biz, researchandmarkets.com, persistencemarketresearch.com and many more

Statistic 1

Nut oil market size exceeded USD 19.77 Billion in 2020.

Statistic 2

The nut oils industry is expected to grow at a CAGR of 6.96% from 2019 to 2028.

Statistic 3

The almond oil market accounted for more than 55% of the total nut oil industry share in 2020.

Statistic 4

The online platform accounted for over 30% revenue share of the nut oils market in 2020.

Statistic 5

The U.S. walnut oil market size was over USD 450 million in 2020.

Statistic 6

Germany nut oil market size was worth more than USD 1.45 billion in 2020.

Statistic 7

The global Macadamia oil market size was valued at USD 43.5 million in 2018.

Statistic 8

The global Macadamia oil market is expected to grow at a CAGR of 5.4% from 2019 to 2025.

Statistic 9

The bestselling walnut oil company in China accounted for 21.5% of the market share in 2018.

Statistic 10

The Asia Pacific nut oils market is expected to grow at a CAGR of 6.4% between 2018 and 2023.

Statistic 11

More than half (51%) of coconut oil production takes place in the Philippines.

Statistic 12

About 3.6 million metric tons of coconut oil were produced worldwide in 2020.

Statistic 13

The Italian almond oil market is projected to account for a 9.6% revenue share of the European nut oils market by 2022.

Statistic 14

Shea butter oil market size was worth over $1.62 billion in 2020.

Statistic 15

More than 90 million metric tons of peanuts were produced globally in 2020.

Statistic 16

Peanut oil consumption accounted for about 5% of the vegetable oils consumption in 2019.

Statistic 17

Retail sales growth of the nut oil market in the United States amounted to approximately 4% in 2021.

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In this post, we provide an in-depth look at the nut oils industry, exploring key statistics and trends that shaped the market in recent years. From the substantial market size to regional insights and growth projections, these statistics offer valuable insights into the dynamics of the nut oils market.

Statistic 1

"Nut oil market size exceeded USD 19.77 Billion in 2020."

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Statistic 2

"The nut oils industry is expected to grow at a CAGR of 6.96% from 2019 to 2028."

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Statistic 3

"The almond oil market accounted for more than 55% of the total nut oil industry share in 2020."

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Statistic 4

"The online platform accounted for over 30% revenue share of the nut oils market in 2020."

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Statistic 5

"The U.S. walnut oil market size was over USD 450 million in 2020."

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Statistic 6

"Germany nut oil market size was worth more than USD 1.45 billion in 2020."

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Statistic 7

"The global Macadamia oil market size was valued at USD 43.5 million in 2018."

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Statistic 8

"The global Macadamia oil market is expected to grow at a CAGR of 5.4% from 2019 to 2025."

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Statistic 9

"The bestselling walnut oil company in China accounted for 21.5% of the market share in 2018."

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Statistic 10

"The Asia Pacific nut oils market is expected to grow at a CAGR of 6.4% between 2018 and 2023."

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Statistic 11

"More than half (51%) of coconut oil production takes place in the Philippines."

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Statistic 12

"About 3.6 million metric tons of coconut oil were produced worldwide in 2020."

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Statistic 13

"The Italian almond oil market is projected to account for a 9.6% revenue share of the European nut oils market by 2022."

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Statistic 14

"Shea butter oil market size was worth over $1.62 billion in 2020."

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Statistic 15

"More than 90 million metric tons of peanuts were produced globally in 2020."

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Statistic 16

"Peanut oil consumption accounted for about 5% of the vegetable oils consumption in 2019."

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Statistic 17

"Retail sales growth of the nut oil market in the United States amounted to approximately 4% in 2021."

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Interpretation

The nut oils industry has demonstrated significant growth and potential, with a market size exceeding USD 19.77 billion in 2020 and expected to grow at a CAGR of 6.96% from 2019 to 2028. Key players in the market include almond oil, walnut oil, and macadamia oil, with online platforms playing a crucial role in revenue generation. Specific markets such as the U.S., Germany, and China have shown substantial market share and growth. The industry is witnessing regional variations, with significant production and consumption numbers reported in key regions such as the Philippines and Asia Pacific. Overall, the statistics reflect a dynamic and evolving industry landscape with promising opportunities for market players.

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