
The beauty and cosmetics industry’s expansion, with a focus on natural and clean beauty, is a significant driver for apple seed oil. The oil’s antioxidant-rich composition and potential benefits for skin rejuvenation make it a desirable ingredient for skincare and cosmetic formulations, driving demand in this sector.
Wilmington, Delaware, March 12, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Apple Seed Oil Market By Nature (Organic, Conventional), By End User (Cosmetic, Skin And Hair Care, Health Care, Food And Beverage), By Distribution Channel (Hypermarkets And Supermarkets, Specialty Stores, Online Sales Channel, Business To Business, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global apple seed oil market was valued at $4,236.7 million in 2022, and is projected to reach $6,895.7 million by 2032, registering a CAGR of 5.2% from 2023 to 2032.
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Prime determinants of growth
The growth of the apple seed oil market can be attributed to several prime determinants, positioning it as a lucrative segment in the ever-expanding realm of natural oils. First and foremost, the rising consumer inclination towards natural and organic products has significantly fueled the demand for apple seed oil. As individuals become more health-conscious and environmentally aware, they are increasingly seeking natural alternatives in personal care and wellness. Apple seed oil, rich in antioxidants and vitamins, aligns perfectly with this trend, driving its popularity in the cosmetics and skincare industry.
Furthermore, the growing awareness of the potential health benefits associated with apple seed oil is propelling its market growth. The oil is known for its anti-inflammatory properties, making it a sought-after ingredient in the pharmaceutical and nutraceutical sectors. As research continues to unveil the various therapeutic properties of apple seed oil, its applications in medicinal products are expected to expand. The increasing focus on research and development in the field of natural remedies further supports the market’s growth, as scientific validation enhances consumer confidence. Overall, the confluence of consumer preference for natural products, the versatility of apple seed oil in various industries, and ongoing research efforts contribute to the robust growth of the apple seed oil market.
Report coverage & details: | |
Report Coverage | Details |
Forecast Period | 2023–2032 |
Base Year | 2022 |
Market Size in 2023 | $4372.3 million |
Market Size in 2032 | $6895.7 million |
CAGR | 5.2% |
No. of Pages in Report | 423 |
Segments Covered | Nature, End User, Distribution Channel, and Region |
Drivers | Rising Demand for Natural and Organic Products |
Growing Beauty and Cosmetics Industry | |
Health and Nutritional Benefits | |
Opportunities | Product Innovation and Diversification |
Rising Trend of Wellness Tourism | |
Restraints | High Production Costs |
Seasonal Variability in Apple Harvests |
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The conventional segment to maintain its leadership status throughout the forecast period
Based on nature, the conventional segment held the highest market share in 2022, accounting for four-fifths of the global apple seed oil market revenue, and is estimated to maintain its leadership status throughout the forecast period. However, the organic segment is projected to manifest the highest CAGR of 6.7% from 2023 to 2032.
The food and beverage segment to maintain its leadership status throughout the forecast period
Based on end user, the food and beverage segment held the highest market share in 2022, accounting for more than one-third of the global apple seed oil Market revenue, and is estimated to maintain its leadership status throughout the forecast period. Additionally, the cosmetic segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032.
The B2B segment to maintain its leadership status throughout the forecast period.
Based on the end use, the B2B segment held the highest market share in 2022, accounting for nearly two-fifths of the global apple seed oil market revenue, and is estimated to maintain its leadership status throughout the forecast period. Additionally, the online sales channel segment is projected to manifest the highest CAGR of 7.5% from 2023 to 2032.
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Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for one-third of the global apple seed oil market revenue. In addition, the Asia-Pacific region is also expected to witness the fastest CAGR of 5.8% from 2023 to 2032 and is projected to dominate the market during the forecast period.
Leading Market Players: –
- AOS Products
- Kazima Perfumers
- Camstar Herbs
- Suyash Herbs Exports Private Limited
- Kanta Enterprises Private Limited
- Paras Perfumers
- Shiv Sales Corporation
- Aromatic Herbals Private Limited
- Aromaaz International
- Natures Natural India
The report provides a detailed analysis of these key players in the global apple seed oil market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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