According to a new report, published by KBV research, 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).
The online segment is anticipated to have a CAGR of 5.8% during (2023 - 2030). Online platforms provide access to apple seed oil products from various brands and suppliers. Customers may quickly evaluate products, check costs, and investigate alternatives before making a purchase, which improves their purchasing experience and helps them identify the ideal item for their requirements. In addition, individuals who do not have time to visit physical stores find the convenience of online channels extremely enticing.
The Food & Beverage segment is leading the Global Apple Seed Oil Market, by End User in 2022 thereby, achieving a market value of $2.8 Billion by 2030. The food & beverage segment attained the highest revenue share in the apple seed oil market in 2022. Manufacturers of foods and beverages are always coming up with new ideas and trying to find methods to set themselves apart in an increasingly competitive marketplace. Apple seed oil offers a unique flavor and nutritional profile that can set products apart from competitors, driving demand for this ingredient in the industry.
The Organic segment is experiencing a CAGR of 6.5% during (2023 - 2030). Organic apple seed oil is free from synthetic chemicals, artificial additives, and preservatives. Consumers seeking natural and chemical-free alternatives for skincare, haircare, and culinary purposes are turning to organic apple seed oil for its purity and safety. Organic goods are generally believed to be better for the environment, kinder to skin, and less prone to trigger allergic responses.
Full Report: https://www.kbvresearch.com/apple-seed-oil-market/
The North America region dominated the Global Apple Seed Oil Market, by Region in 2022 thereby, achieving a market value of $2.1 Billion by 2030, growing at a CAGR of 4.5 % during the forecast period. The Europe region is exhibiting a CAGR of 4.8% during (2023 - 2030). Additionally, The Asia Pacific region is showcasing a CAGR of 5.6% during (2023 - 2030).
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)
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