Global Apple Seed Oil Market demand is anticipated to be valued at USD 5.15 Billion in 2022, forecast to grow at a CAGR of 4% to be valued at USD 7.62 Billion from 2022 to 2032. Growth is attributed to the rising prevalence of lifestyle diseases such as obesity, diabetes, high blood pressure, and other cardiovascular diseases.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 4.95 Billion |
| Expected Market Value (2022) | USD 5.15 Billion |
| Anticipated Forecast Value (2032) | USD 7.62 Billion |
| Projected Growth Rate (2022 to 2032) | 4% CAGR |
Apple seed oil is an essential oil extracted from the apple seeds either by cold-pressed or solvent-extraction techniques. The apple seeds are obtained from the juice processing industry as a by-product. Apple seed oil is high in monounsaturated fatty acids and antioxidants that have made it a useful ingredient in the cosmetics industry. It is also being used in home care products such as candles due to its sweet aroma.
North America is considered to be a highly lucrative market for the apple seed oil market and its different products, driven primarily by its utilization across cosmetics, home care, and skin care products.
Simultaneously, the extraction process for apple seed oil and the high prices of processing equipment will pose a major challenge to the growth of the market. Hence, manufacturers are striving to develop more user-friendly alternatives. This is expected to restrain market growth to a significant extent
The cosmeceuticals industry is expected to accrue significant benefits to the global apple seed oil market. The apple seed oil market is expected to witness significant growth in the near future. This is attributed to the increasing availability of these products across online stores and specialty stores.
Technological development in processing methods and new techniques are being developed to extract oil from apples. This will increase the demand for the market through forecasting years. Due to the increasing population, the demand for the personal care industry is high in the cosmetics industry.
Although the apple seed oil market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The availability of other low-cost alternatives may hinder the growth of the apple seed oil market. With increasingly complex rules and regulations, apple seed oil manufacturing companies are focusing on producing creative and innovative products.
The high cost associated with the research and development activities and the availability of alternatives is anticipated to act as a significant growth barrier to the apple seed oil market in forthcoming years.
North America was the largest apple seed oil market and the trend is expected to continue into the forecast period owing to the high production of apples in the region. The growing demand for apple seed oil for medicinal purposes is expected to augment the apple seed oil market. The region is forecast to surge at over 7.5% CAGR from 2022 to 2032.
North America is expected to be the next dominant region witnessing high adoption rates for apple seed oil during the forecast period. With the rapid development and an increasing number of skin-related problems in North America demand for apple seed oil products is anticipated to rise in the region.
According to Future Market Insights, the Middle East and Africa are expected to provide immense growth opportunities for the apple seed oil market, due to the growing cosmetics industry in the region. Apple's seed oil market is expected to witness sustained growth over the forecast period. The growth of the apple seed oil market is driven by its wide applications in home care products.
Some of the key participants present in the global Apple Seed Oil market include The Kerfoot Group, O&3 Ltd., Ramona Cosmaceuticals Pvt Ltd, Indrayan Seed Oil, MORRE-TEC Industries, Croda International Plc., Au Natural Organics., Organic Pure Oil Inc, SUYASH AYURVEDA, K.K ENTERPRISERS among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as The Kerfoot Group, O&3 LtdRamona Cosmaceuticals Pvt Ltd, and Indrayan Seed Oil, account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Nature, Extraction Process, End-use, Distribution Channel, Packaging, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | The Kerfoot Group; O&3 Ltd.; Ramona Cosmaceuticals Pvt Ltd; Indrayan Seed Oil; MORRE-TEC Industries; Croda International Plc.; Au Natural Organics.; Organic Pure Oil Inc; SUYASH AYURVEDA; K.K ENTERPRISERS |
| Customization | Available Upon Request |
FMI projects the global Apple Seed Oil market to expand at a 4% value CAGR by 2032
North America is expected to be the most opportunistic mussel oils market, expanding at a 7.5% CAGR
The Kerfoot Group, O&3 Ltd., Ramona Cosmaceuticals Pvt Ltd, Indrayan Seed Oil, MORRE-TEC Industries, Inc., Croda International Plc., and Au Natural Organic are some prominent apple seed oil manufacturers
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Apple Seed Oil Market
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