Press release
Wheat Germ Oil Market Forecast 2019-2029 - Market Size, Drivers, Trends, And Competitors
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, Kunhua Biological Technology Co., Ltd, Agroselprom, and Gustav Heess GmbH
Nutritional Prowess Driving Market Momentum
Wheat germ oil's nutritional profile, characterized by high levels of vitamins C, A, and D, has positioned it as a coveted ingredient across industries. Consumers, increasingly prioritizing foods with broader nutrition value, have propelled the demand for wheat germ oil, recognizing its role as a substitute for synthetic antioxidants. In 2018 alone, sales of wheat germ oil reached approximately 92 thousand tons, reflecting its growing popularity and market penetration.
Conventional vs. Organic Production Dynamics
The wheat germ oil market is segmented based on production methods, with conventional and organic variants catering to diverse consumer preferences. While conventional wheat germ oil maintains a stronghold in terms of market share and volume, organic production methods are witnessing steady growth, fueled by consumer shifts towards organic and sustainable products. This trend is expected to drive the non-conventional segment, with organic wheat germ oil projected to double its market value by 2029.
Expanding Horizons in Cosmetics and Personal Care
Beyond its nutritional benefits, wheat germ oil's application in cosmetics and personal care products has surged in recent years. With its antioxidant properties and high vitamin E content, wheat germ oil has become a sought-after ingredient in skincare formulations. Its efficacy in nourishing skin and hair has positioned it as a staple in the cosmetics industry, contributing to its market traction and revenue growth.
Regional Dynamics and Market Outlook
North America and Europe have emerged as lucrative markets for wheat germ oil, driven by increasing demand from the cosmetics and personal care sectors. However, the Asia Pacific Excluding Japan (APEJ) region is poised for rapid expansion, propelled by a burgeoning consumer base and growing awareness of wheat germ oil's nutritional benefits. With a projected value of approximately US$ 98 million in 2019, the APEJ market is expected to double by 2029, reflecting the region's immense growth potential.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=60756<ype=S
Analysts' Insights and Competitive Landscape
According to analysts at Transparency Market Research, the global wheat germ oil market is characterized by consolidation, with key players such as Grupo Plimon and VIOBIN USA commanding a significant market share. The demand for wheat germ oil remains steady across various industries, with manufacturers focusing on catering to evolving consumer preferences and expanding into emerging markets.
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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.
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