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Wheat Germ Oil Market Key Drivers, Market Research, and Insights for the US$ 172 thousand ton Market 2019-2029

02-28-2024 10:25 PM CET | Food & Beverage

Press release from: Transparency Market Research

Wheat Germ Oil Market

Wheat Germ Oil Market

Wheat germ oil, renowned for its high nutritional value, is witnessing increased demand across various industries. From food and beverages to cosmetics and animal feed, wheat germ oil is gaining popularity for its rich vitamin content and antioxidant properties. This article explores the expanding market for wheat germ oil, highlighting its diverse applications and the factors driving its growth.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60756

Key Players and Market Developments
Grupo Plimon, Hebei Jiafeng Plant Oils, VIOBIN USA., General Nutrition Centers, Inc., ConnOils LLC

Market Overview

In recent years, the global wheat germ oil market has experienced significant growth, with sales reaching approximately 92 thousand tons in 2018. The market is expected to expand further, with a projected volume CAGR of 6.5% by 2027, reaching around 172 thousand tons. This growth is attributed to the rising consumer preference for nutritious ingredients and the versatile applications of wheat germ oil across industries.

Conventional vs. Organic Production

The wheat germ oil market can be segmented based on production methods into conventional and organic. Currently, conventional wheat germ oil holds the majority share of the market, with sales totaling around 83 thousand tons in 2018. However, organic wheat germ oil is gaining traction, driven by the growing demand for organic and natural products. Sales of organic wheat germ oil are expected to double by 2029, reaching approximately US$ 58 million, with a compound annual growth rate (CAGR) of around 19%.

Applications in Cosmetics and Personal Care

One of the significant applications of wheat germ oil is in cosmetics and personal care products. Due to its high antioxidant content and vitamin E concentration, wheat germ oil is favored as an ingredient in skincare formulations. It offers benefits such as moisturization, skin repair, and protection against environmental damage. Additionally, its fatty acids make it suitable for hair care products as well, further contributing to its popularity in the cosmetics industry.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=60756<ype=S
Regional Market Dynamics

North America and Europe currently dominate the wheat germ oil market, with North America being the largest market in 2018. These regions are expected to maintain their prominence, driven by the demand for wheat germ oil in cosmetics and personal care products. However, the Asia Pacific Excluding Japan (APEJ) region is experiencing rapid growth, with sales expected to double by 2029, fueled by the presence of a significant number of stakeholders and increasing consumer awareness about the benefits of wheat germ oil.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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