The Global Apple Seed Oil Market size is expected to reach $5.8 billion by 2030, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 91,934.27 tonnes, experiencing a growth of 4.6% (2019-2022).
Consumers are increasingly seeking products with natural ingredients as they perceive them to be safer, healthier, and more environmentally friendly than synthetic alternatives. Consequently, the organic segment would generate approximately 18.49 % share of the market by 2030. Also, US would utilize 4,300.16 kilo tonnes in healthcare by 2030. Also Moreover, with growing awareness of the potential health risks associated with synthetic chemicals and artificial additives, consumers are actively seeking products that contain natural ingredients.
Apple seed oil contains essential nutrients such as vitamins (A, C, E), minerals (calcium, potassium, magnesium), antioxidants, and polyphenols. These compounds contribute to various health benefits, including antioxidant protection, immune support, and overall well-being. Hence, rising awareness of health benefits is propelling the market's growth.
Additionally, The cosmetics and personal care industry is experiencing sustained growth driven by rising consumer demand for beauty and grooming products. Consumers across demographics and geographies increasingly invest in skincare, haircare, and cosmetic products to enhance their appearance and maintain personal hygiene. Thus, the expansion of the global cosmetics and personal goods industry is driving the market's growth.
However, Expanding distribution channels enables the selling of apple seed oil products through various retail channels, including supermarkets, pharmacies, specialty stores, health food stores, online retailers, and direct-to-consumer platforms. Thus, expansion of the distribution channels is driving the growth of the market.
Based on distribution channel, the market is divided into hypermarkets & supermarkets, specialty stores, online, business to business, and others. In 2022, the business-to-business segment garnered a 41.60 % revenue share in the market. In terms of volume, online segment would register 5,683.62 kilo tonnes in 2022. Businesses, such as cosmetic manufacturers, food processors, and pharmaceutical companies, often require apple seed oil in large quantities for their production processes. Also, B2B suppliers typically adhere to stringent quality standards and certifications to meet the regulatory requirements of their industrial customers.
Based on end user, the market is divided into food & beverage, cosmetic, skin & hair care, and healthcare. In 2022, the skin & haircare segment procured a 7.48 % revenue share in the market. Apple seed oil is versatile and can be incorporated into various skincare and haircare formulations, including creams, lotions, serums, shampoos, conditioners, and hair masks. Similarly, the expansion of the skin and haircare industry helps innovate the apple seed oil market.
On the basis of nature, the market is segmented into organic and conventional. The conventional segment recorded an 83.43 % revenue share in the market in 2022. Conventional apple seed oil, produced using traditional methods and without organic certification, is more widely available and familiar to consumers. This familiarity drives demand among consumers who prioritize convenience and accessibility. Also, conventional apple seed oil has a low cost. As a result, it is more affordable for consumers, appealing to price-conscious shoppers and budget-sensitive markets.
Free Valuable Insights: Global Apple Seed Oil Market size to reach USD 5.8 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed a 25.57 % revenue share in the market in 2022. Botanical extracts and natural treatments for skincare and haircare have long been used in many Asia Pacific nations. Apple seed oil is in high demand because of the region's growing urbanization, increased changing lifestyles, and disposable incomes, which have led to a rise in consumer purchasing of personal care goods.
Report Attribute | Details |
---|---|
Market size value in 2022 | USD 4 Billion |
Market size forecast in 2030 | USD 5.8 Billion |
Base Year | 2022 |
Historical Period | 2019 to 2021 |
Forecast Period | 2023 to 2030 |
Revenue Growth Rate | CAGR of 5.0% from 2023 to 2030 |
Revenue Growth Rate | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
Number of Pages | 337 |
Number of Tables | 730 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Nature, Distribution Channel, End User, Region |
Country scope |
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Companies Included | Akoma International UK Limited, Organic Pure Oil, Cocojojo LLC , Cyrus Enterprises , Herboil Chem , AU Natural Organics , The Kerfoot Group Limited (Avril Group), Croda International PLC , Suyash Ayurveda, Morre-Tec Industries Inc |
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
By End User (Volume, Tonnes, USD Billion, 2019-2030)
By Nature (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD 5.8 billion by 2030.
Increasing Demand For Natural Ingredients And Products are driving the Market in coming years, however, High Production Costs Related To Apple Seed Oil restraints the growth of the Market.
Akoma International UK Limited, Organic Pure Oil, Cocojojo LLC , Cyrus Enterprises , Herboil Chem , AU Natural Organics , The Kerfoot Group Limited (Avril Group), Croda International PLC , Suyash Ayurveda, Morre-Tec Industries Inc
In the year 2022, the market attained a volume of 91,934.27 tonnes, experiencing a growth of 4.6% (2019-2022).
The Food & Beverage segment is leading the Market, by End User in 2022 there by, achieving a market value of $2.8 Billion by 2030.
The North America region dominated the Market, by Region in 2022 there by, achieving a market value of $2.1 Billion by 2030, growing at a CAGR of 4.5 % during the forecast period.
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