Global Macadamia Oil Market Overview
Macadamia Oil Market Size was valued at USD 196.94 million in 2023. The Macadamia Oil market industry is projected to grow from USD 207.26 million in 2024 to USD 309.79 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.15% during the forecast period (2024- 2032). Growing demand for healthy edible oil and surging applications in cosmetics & personal care products are the key market drivers boosting the growth of the Macadamia Oil market.
FIGURE 1: MACADAMIA OIL MARKET SIZE 2018-2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Macadamia Oil Market Trends
Increasing Popularity in Cosmetics and Health and Wellness Emphasis
Increasing Popularity in Cosmetics: Macadamia oil has gained considerable traction in cosmetics and skincare. Renowned for its nourishing properties and rich fatty acid profile, macadamia oil is increasingly featured in skincare products such as moisturizers, serums, and hair care formulations. The oil's ability to hydrate and soften the skin has contributed to its popularity as a natural ingredient in beauty and personal care. Health and Wellness Emphasis: With a growing emphasis on health and wellness, consumers are turning to macadamia oil as a healthier cooking oil alternative. Its high monounsaturated fat content and potential heart-healthy benefits make it an attractive option for those seeking nutritious cooking oils. This trend aligns with broader consumer preferences for functional foods that contribute positively to overall well-being. Sustainable and Ethical Practices: Sustainability has become a key trend in the macadamia oil industry. Consumers are increasingly conscious of the environmental impact of their purchases, leading to a demand for macadamia oil produced through sustainable and ethical practices. Producers focusing on eco-friendly cultivation methods, fair trade principles, and transparent supply chains are gaining favor in the market. Product Diversification: The macadamia oil market has witnessed a surge in product diversification. Beyond traditional culinary uses, manufacturers are introducing innovative macadamia oil-infused products, including salad dressings, flavored oils, and nut butter blends. This diversification caters to evolving consumer tastes and preferences, expanding the range of macadamia oil applications in the culinary space. Online Retail and Direct-to-Consumer Models: The shift towards online shopping, accelerated by the COVID-19 pandemic, has influenced the macadamia oil market. Producers are increasingly leveraging e-commerce platforms and direct-to consumer models to reach a wider audience. This trend enhances accessibility for consumers and allows producers to establish a more direct connection with their customer base.
Macadamia Oil Market Component Segment Insights:
Macadamia Oil Category Insights.
Based on category, the Macadamia Oil Market segmentation into refined and cold pressed. The refined held the majority share in 2023, contributing around ~82.92% to the market revenue. In 2023, Refined macadamia oil is a refined oil with high oxidative stability that is made from Macadamia integrifolia seeds through cold pressing. It contains fatty acids as well as holds nourishment properties. A colorless to pale yellow liquid, refined macadamia oil is soluble in other oils but insoluble in water. Moreover, the wide usage of refined macadamia oil in the personal care as cosmetic industry owing to the various benefits associated with its usage is likely to boost its market growth in the upcoming years. As a part of this, macadamia oil functions as an antioxidant, calming agent, softener, healer, emollient, hydrating agent, nourishing agent, penetrating agent, anti-chapping agent, and restructuring agent. Palmitoleic acid, which is abundant in refined macadamia oil, aids in the skin's absorption of moisture and other active ingredients.
FIGURE 2: MACADAMIA OIL MARKET, BY CATEGORY, 2023 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Macadamia Oil Nature Insights
Based on Nature, the Macadamia Oil Market segmentation includes organic and conventional. The conventional held the majority share in 2023. The conventional segment is expected to generate an absolute dollar opportunity of USD 88.03 million by 2032. It is expected to surpass its current market value in 2022 by 1.5 times by 2032. The primary reason conventional macadamia oil accounted for the largest share in 2022 was its ease of availability. Compared to organic macadamia oil, conventional macadamia oil is more affordable and readily available on the market. The production of conventional macadamia oil involves the application of different chemical fertilizers, which boost yield quickly. Besides this, the growing usage of conventional macadamia oil in cosmetic and personal care products owing to the various benefits associated with its usage is likely to fuel its market growth in the upcoming years. As a part of this, squalene is an uncommon antioxidant found in conventional macadamia oil. By accelerating the process of skin regeneration, it helps prevent wrinkles from forming prematurely.
FIGURE 2: MACADAMIA OIL MARKET, BY NATURE, 2023 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Macadamia Oil Application Insights
Based on application, the Macadamia Oil Market segmentation includes food & beverage and personal care. The Personal Care held the majority share in 2023. Macadamia oil is used in a wide range of personal care products ranging from cleaners, toners, exfoliators, creams, moisturizers as well as sunscreen, and many more. The growing aging population has increased the incorporation of macadamia oil in various anti-aging creams owing to the benefits associated with its usage, which in turn would increase its demand in the upcoming years. As a part of this, according to WHO estimates the proportion of the global population over 60 years old would increase from 12 to 22 percent between 2015 and 2050. Globally, the rate of population aging has accelerated gradually. Furthermore, the average lifespan of humans has rapidly grown. Since 1961, the number of older citizens in India has been rising significantly. One of the most researched antioxidants in the field of skincare, vitamin E, is present in significant amounts in macadamia nut oil.
FIGURE 2: MACADAMIA OIL MARKET, BY APPLICATION, 2023 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Macadamia Oil End User Insights
Based on mode of end user, the Macadamia Oil Market segmentation includes residential, commercial, and industrial. The commercial care held the majority share in 2023. The commercial segment usually comprises hotels, restaurants, cafes, small scale ice-cream manufacturer, artisanal manufacturers and many more. The growing visit of consumers in various types of commercial sectors as well as the convenience of ordering food online for the consumption of various types of food such as cakes, ice-cream, chocolates, and many more is likely to boost its market growth in the upcoming years. As a part of this, according to MRFR analysis, restaurant patron spending increased by 16% in 2021 compared to the previous year, when it decreased by 12%, and was 2% higher than the year before the pandemic that ended in December of 2019. In contrast to the 12% decrease in 2020, there was a 9% increase in both in-person and online restaurant visits last year. A recent study states that restaurant traffic is still down 4% from 2019. Restaurant chains, which account for 77% of all traffic, saw a 7% increase in both online and in-person visits in 2021 a 2% decrease from the previous year.
FIGURE 2: MACADAMIA OIL MARKET, BY END USER, 2023 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Macadamia Oil Distribution Channel Insights
Based on mode of distribution channel, the Macadamia Oil Market segmentation includes B2B and B2C. The B2B care held the majority share in 2023. A transaction between businesses is known as a business-to-business (B2B) transaction, or simply a B-to-B transaction. Examples include a transaction between a manufacturer and a wholesaler or a wholesaler and a retailer. The term "business-to-business" describes exchanges that occur between companies as opposed to between a company and a particular customer. The presence of various major players operating in the bakery and confectionary industry usually uses B2B channels for purchasing macadamia oil which is widely used in various products such as cakes, chocolates and many more would eventually open up huge opportunities for its market growth in the upcoming years. For instance, Aspire Bakeries, develops close bonds with its clientele, which includes significant fast-food chains, food service suppliers, and supermarket stores, to offer bakery solutions that meet the strictest requirements for sustainability and food safety.
FIGURE 2: MACADAMIA OIL MARKET, BY DISTRIBUTION CHANNEL, 2023 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Macadamia Oil Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North America Macadamia Oil market accounted for ~35.59% in 2023. The presence of key players across the region providing macadamia oil coupled with the growing expansion policies adopted by them is likely to boost its market growth. For instance, Cargill Incorporated provides the best macadamia culls used to make Floramac Macadamia Oil Refined, which has a high palmitoleic acid content. This fatty acid is structurally similar to the most abundant fatty acid on human skin.
Besides this, the increased production of macadamia nuts which is used to extract macadamia oil across the region is set to create lucrative opportunities for the macadamia oil market in the upcoming years. For instance, according to the United States Department of Agriculture, Hawaii's macadamia nut utilized production for 2019–2020 increased by 15% from the previous season to 40.7 million pounds (net, wet-in-shell basis). The harvested area, which was 16,900 acres, remained the same as the year before. For the 2019–2020 crop year, the yield per acre averaged 2,410 pounds, a 15% increase over the previous estimate of 2,090 pounds. This season's average moisture content for the entire crop was 20.2%, up from 19.5 percent the previous year.
FIGURE 3: MACADAMIA OIL MARKET SIZE BY REGION 2023 VS 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, and South Korea.
Europe is expected to secure the second-largest market share, this dominance is largely attributed to the significant consumer demand for products. Europe market value was valued at USD 49.42 million in 2022 and is poised to be valued at USD 77.10 million in 2032 growing at a CAGR of 4.62% during the forecast period. The UK continues to hold a significant share in the Macadamia oil market, owing to the various policies adopted by the major players to increase the production of macadamia from which macadamia oil is extracted, which is further incorporated into a wide range of applications. As a part of this, in December 2023, Dowson Limitada ("Dowson"), the major producer of macadamias and avocados in Sussundenga, received a USD10 million mezzanine debt investment from the UK-based impact investor. A group of farmers from South Africa recognized that central Mozambique offered the best growing conditions, so they founded Dowson in 2012.
Macadamia Oil Key Market Players & Competitive Insights.
With a strong presence across different verticals and geographies, the Macadamia Oil market is highly competitive and dominated by established, pure-play vendors. Over 10 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments.
The key players operating in the Macadamia Oil Market include Cargill Incorporated (United States), Croda International Plc (United Kingdom), Gustav Heess GmbH (Germany), Marquis Macadamias Ltd (Australia), International Flavors & Fragrances Inc. (United States), All Organic Treasures GmbH (Germany), Jindilli Inc. (United States), Plenty Foods Pty Ltd (Australia), Nambucca Macnuts Pty Ltd. (Australia), and Mosselman S.A. (Belgium). The market comprises various players that fall under the category of tier-1, tier-2, and local players. The tier-1 players in the macadamia oil market have a global presence and established brand & product image among a wide range of end-use industries. Tier-2 players in the market have a wide geographical reach less than a tier-1 global reach and strong experience in the production of macadamia nuts & products. Cargill Incorporated, Croda International Plc, International Flavors & Fragrances Inc., Marquis Macadamias Ltd, and Gustav Heess GmbH are the players dominating the global market owing to their strong brand reputation, premium quality product offerings suitable for multiple applications, diversified regional presence, and financial stability. The majority of the players in the market are increasingly focusing on sustainability and are becoming environmentally conscious by adopting environmentally friendly initiatives at different stages of the supply chain from production to final delivery. Furthermore, the companies in the market are expected to invest in new production and food safety technologies to strengthen the product positioning in the market and capture a large consumer base.
The Macadamia Oil Market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Macadamia Oil market include
Macadamia Oil Industry Developments
Global Macadamia Oil Category Outlook
Global Macadamia Oil Nature Outlook
Global Macadamia Oil End User Outlook
Global Macadamia Oil Application Outlook
Global Macadamia Oil Distribution Channel Outlook
Macadamia Oil Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 196.94 million |
| Market Size 2024 | USD 207.26 million |
| Market Size 2032 | USD 309.79 million |
| Compound Annual Growth Rate (CAGR) | 5.15% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | category, nature, application, end user, and distribution channel |
| Geographies Covered | North America, Europe, Asia-Pacific, MEA, and South America |
| Countries Covered | US, Canada, Mexico, Germany, UK, Italy, Spain, France, Belgium & Luxembourg, Austria, Nordics, Russia, Poland, Netherlands, Chian, Japan, India, South Korea, Brazil, Argentina, GCC countries, Turkey, Kenya Northern, and Africa Southern Africa |
| Key Companies Profiled | Cargill, Incorporated, Croda International Pic, Gustav Heess GmbH, Marquis Macadamias Ltd, International Flavors & Fragrances Inc., All Organic Treasures GmbH, Jindilli Inc., Plenty Foods Pty Ltd, Nambucca Macnuts Pty Ltd., and Mosselman S.A. |
| Key Market Opportunities | ·      Soaring Demand For Organic Oils ·      Skin Care Products: Creating Lucrative Prospects |
| Key Market Dynamics | ·      Growing Demand For Healthy Edible Oil ·      Surging Applications In Cosmetics & Personal Care Products |
Frequently Asked Questions (FAQ) :
The Macadamia Oil Market size is expected to be valued at USD 196.94 Million in 2023.
The global market is projected to grow at a CAGR of 5.15% during the forecast period, 2023-2032.
The North America had the largest share of the global market.
The key players in the market Cargill, Incorporated, Croda International Pic, Gustav Heess GmbH, Marquis Macadamias Ltd, International Flavors & Fragrances Inc., All Organic Treasures GmbH, Jindilli Inc., Plenty Foods Pty Ltd, Nambucca Macnuts Pty Ltd., and Mosselman S.A.
Refined oil dominated the market in 2023.
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