Global Apple Seed Oil Market - 2022-2029
Apple seed oil market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 4% during the forecast period (2022-2029). Apple seed oil is an essential oil that can be produced from apple seeds using solvent extraction or cold pressing methods. The industry that processes juice provides the apple seeds as a byproduct. It is used for both cosmetic and therapeutic purposes.
Numerous studies have demonstrated the high protein and oil content convergence in apple seeds. Apple seed oil contains magnesium, potassium, phosphorus, iron, and calcium amino acids. It contains little amygdalin. Additionally, it contains linoleic acid, press, alpha-linoleic acid, fiber, and normal sulfur. It is used for salves, cleansers, creams, lip care products, and hair products. The increase in consumer preference toward natural beauty products fuels the adoption of apple seed oil across the globe.
The various health benefits of apple seed oil drive market growth
The various health benefits of apple seed oil fuel the market growth. Due to various types of vitamins, minerals and nutrients in the apple seed oil, it has many health benefits. Apple seed oil contains unsaturated fats that advance the general skin's appearance. It is very helpful in the body's function and gives delicate quality and additional sustenance to the skin. Apart from this, apple seed oil contains antioxidant and antibacterial properties; it is very good for our skin and prevents various skin-related issues. Apple seed oil is highly rich in dietary fiber, vitamin E and unsaturated fat, which is very good for cardiovascular health. Studies have proven that consuming apple seed oil helps to reduce the bad cholesterol level. It is very beneficial to reduce the risk of various types of cancer, such as breast and skin cancer. Studies have proven that apple seed oil has anti-carcinogenic properties, which help prevent various types of cancer such as stomach, breast and skin cancer. The high amount of vitamin C found in apple seed oil is beneficial for overall health and helps boost the body's immune system.
However, the apple seeds contain cyanide and are poisonous. The limited consumption of apple seed oil can cause death. Moreover, the extraction method for apple seed oil and the high cost of processing machinery will be the biggest obstacles to the market's expansion. As a result, producers are working to provide more user-friendly substitutes. This is anticipated to significantly slow market growth.
Cosmetics & personal care industry accounted for the highest share in global apple seed oil market
In 2021, cosmetics & personal care industry segment had the highest revenue share of more than XX percent. The cosmetic industry frequently uses apple seed oil. Amygdalin, or vitamin B-17, which is used to make the anticancer drug laetrile, is present in this oil. Additionally, it contains fatty acids like calcium, magnesium, iron, potassium, and phosphorus. It also has natural sulphur, fibre, linoleic acid, oleic acid, and alpha-linoleic acids. Apple seed oil's fatty acid content helps the skin look better overall. The skin gets nutrition from it as well as softness.
In 2021, the specialty stores segment had the highest revenue share of more than XX percent. Due to the abundance of cosmetic products that enhance skin care are available in specialty stores. The specialty shops also offer a broad selection of certain brands and product categories. Making products based on the preferences of the clients is beneficial.
North America is the dominating region during the forecast period
In 2021, North America had the highest revenue share of almost XX percent. The apple seed oil business and its various products are thought to be quite profitable in North America. This demand is mostly due to its use in cosmetics, home care, and skin care goods. According to The Bureau of Labor Statistics, the average annual expenditures for personal care products and services for all consumer units in 2020 were $646. In addition, North America is expected to be the dominant region during the forecast period. Apple seed oil products are expected to become more popular in North America as a result of the region's rapid expansion and rising incidence of skin-related issues.
The global apple seed oil market is fragmented, and key players include Innisfree, cocojojo organic, THE JOJOBA COMPANY, H&B Oils Center Co., Au Natural Organic, Croda International plc, MORRE-TEC Industries, Inc., Indrayan Seed Oil, Ramona Cosmaceuticals Pvt Ltd, O&3 Limited, The Kerfoot Group etc. Major market participants target application industries with their apple seed oil products, including cosmetics, personal care, and home care. Manufacturers participate in product development, mergers, acquisitions, and other related actions to improve their market position
Negative impact on the global apple seed oil market
In the COVID pandemic 2020-2021, there was a considerable decline in the demand for apple seed oil because of a global decline in the demand for cosmetics in the general market. Products were also unavailable in retailers due to supply chain disruptions brought on by lockdowns. During the shutdown, the cosmetics sector emphasized internet sales significantly. However, a trend toward eco-friendly, plant-based cosmetic offers UV filtration abilities. Demand for apple seed oil is expected to increase as consumers seek goods with many health benefits.
The global apple seed oil market report would provide an access to approximately 69 market data tables, 59 figures and 170 pages
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