Press release
Asia Pacific Tomato Seed Oil Market expected to surpass US$ 106.4 Mn in 2031
Asia Pacific Tomato Seed Oil Market
In emerging economies such as China, India, and Japan, demand for personal care & cosmetic goods, anti-aging cosmetics, and anti-wrinkle serum is increasing. This has in turn fuelled the demand for tomato seed oil as a key ingredient used in various skin care products.
As per FMI, application within the cosmetics industry will continue surging through the course of the forecast period. The cosmetics industry is likely to dominate the market, accounting for 64% of total demand registered in the market through 2031.
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Demand for tomato seed grew at healthy 5.9% CAGR between 2016 and 2020. With increasing application of tomato seed oil in diverse industries such as food & beverages and cosmetics, sales are set to surge at over 7.3% CAGR during the forecast period (2021-2031).
Driven by the rising demand for organic personal care and skin care products, tomato seed oil sales within Asia Pacific will consistently rise. Tomato seed oil has emerged as a vital ingredient used in the cosmetic industry is widely used in the production of lotions, body butters, and other moisturizing creams.
Tomato seed oil is easily available and it is cost-effective and organic. FMI predicts impressive growth in sales of cold pressed tomato seed oil. Besides application in the cosmetics industry, sales as key component of personal wellness products and dietary supplements will drive sales of cold press tomato oil seed in the near future.
“Manufacturers are relying on social media campaigns to strengthen their digital presence to. Surging demand for organic skin care products and plant-based food products is expected to create incremental opportunities for tomato seed oil manufacturers over the coming years” says to FMI’s analyst
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Key Takeaways from the Study:
China tomato seed oil market is expected to dominate in terms of market share, holding 27.0% of the total market share. Indirect sales are the most preferred distribution channel of tomato seed oil market, accounting for 70.1% of total share in 2021. In terms of nature, organic segment is anticipated to witness lucrative growth, registering growth at a CAGR of 8.5% during the forecast period (2021-2031) In the form segment, unrefined segment will account for 77.9% of the market share in 2021, Based on end use application, the cosmetic industry segment will account for 59.2% of the market share in 2021, expanding at a CAGR of 5.6% Bottle is the most preferred packaging type, contributing 50.8% of the market revenue in 2021.
Competitive Landscape
Some of the leading companies operating in tomato seed oil market include AG Industries, AGS Organics, O&3, Puroma, Kazima Perfumers ( est.2010), SVA Organics, Haekels, EOC ( Essential Oils Company), Natures Natural India, Aramacs, Natural Sourcing LLC, Escentials of Australia, Sheiling Laboratories, PRZ Herbals Care, Rakesh Sandal Industries among others.
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Contact Us:
Mr. Debashish Roy
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United Arab Emirates
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Website: https://www.futuremarketinsights.com
Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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