Press release
Wheat Germ Oil Market Key Drivers, Market Research, and Insights for the US$ 172 thousand ton Market 2019-2029
Wheat Germ Oil Market
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ 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.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - 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.
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