Global Wheat Germ Oil Market Size To Exceed USD 1058.8 Million by 2033 | CAGR of 5.29%
Category: Food & BeveragesGlobal Wheat Germ Oil Market Size To Exceed USD 1058.8 Million by 2033
According to a research report published by Spherical Insights & Consulting, The Global Wheat Germ Oil Market Size Expected to Grow from USD 632.4 Million in 2023 to USD 1058.8 Million by 2033, at a CAGR of 5.29% during the forecast period 2023-2033.
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Browse key industry insights spread across 218 pages with 115 Market data tables and figures & charts from the report on the "Global Wheat Germ Oil Market Size, Share, and COVID-19 Impact Analysis, By Nature (Organic, Conventional), By Distribution Channel (B2B, B2C), By End User (Cosmetics, Dietary Supplements, Pharmaceuticals, Food Industry, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/wheat-germ-oil-market
Wheat germ oil is a natural oil made from the germ, or embryo, of wheat kernels. It is well-known for its abundant nutritional value, which includes vitamins, minerals, antioxidants, and omega-3 and omega-6 fatty acids. It defends cells from oxidative damage in the body. It promotes cardiovascular health, maintains healthy skin, and enhances general well-being. Rising global health awareness drives industrial expansion. Aside from that, the rising usage of wheat germ oil in functional foods and dietary supplements represents a significant growth opportunity for industry investors. Furthermore, shifting consumer tastes and preferences are propelling market growth. However, one of the key restraints on the wheat germ oil market is its high cost in comparison to other vegetable oils, which will continue to hamper growth throughout the forecast period.
The organic segment is expected to hold the largest share of the global wheat germ oil market during the anticipation timeframe.
Based on nature, the global wheat germ oil market is categorized into organic and conventional. Among these, the organic segment is expected to hold the largest share of the global Wheat Germ Oil market during the anticipation timeframe. Organic agriculture avoids the use of industrial pesticides, fertilizers, and genetically modified organisms (GMOs). It addresses the needs of clients who value chemical-free products that align with their ecologically conscious values.
The B2B segment is expected to grow at the fastest CAGR during the anticipation timeframe.
Based on the distribution channel, the global wheat germ oil market is categorized into B2B, and B2C. Among these, the B2B segment is expected to grow at the fastest CAGR during the anticipation timeframe. B2B purchasers include cosmetic and skincare product manufacturers, food and beverage companies, nutraceutical enterprises, and pharmaceutical producers. Furthermore, the B2B segment is crucial for providing raw materials to companies that use oil as a component in their products.
The cosmetics segment is predicted to dominate the global wheat germ oil market during the anticipation timeframe.
Based on the end user, the global wheat germ oil market is categorized into cosmetics, dietary supplements, pharmaceuticals, the food industry, and others. Among these, the cosmetics segment is predicted to dominate the global wheat germ oil market during the anticipation timeframe. Cosmetics is widely utilized in the production of moisturizers, serums, lotions, and anti-ageing products. It nourishes and rejuvenates the skin, making it an ideal ingredient for cosmetic companies looking to make products that improve skin health and vitality.
North America is projected to hold the largest share of the global wheat germ oil market over the anticipation timeframe.
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North America is projected to hold the largest share of the global wheat germ oil market over the anticipation timeframe. The growing demand for convenient and safe products among health-conscious customers points to a favourable business forecast. Accordingly, the thriving dietary supplement and nutraceutical sectors are driving the region's wheat germ oil market expansion.
Asia-Pacific is expected to grow at the fastest CAGR growth of the global wheat germ oil market during the anticipation timeframe. The incremental growth rate in Asia Pacific is consistent with an ageing population in countries such as India and China, rising disposable incomes that result in a high standard of life, and an increase in the number of working women.
Major vendors in the global wheat germ oil market are SPC Management Co. Inc., Geyer Ingredients GmbH & Co. KG, PHM Brands, NutriPlex Formulas Inc., ConnOils LLC, NOW Foods, ARDENT MILLS, SkinKraft Labs, Henry Lamotte Oils GmbH, Agroselprom Ltd, Henan Kunhua Biological Technology Co. Ltd., Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In May 2022, SkinKraft Labs, a personal care business based in Hyderabad, announced the launch of two new hair care products. These new goods have enabled the firm to expand its product portfolio.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global wheat germ oil market based on the below-mentioned segments:
Global Wheat Germ Oil Market, By Nature
- Organic
- Conventional
Global Wheat Germ Oil Market, By Distribution Channel
- B2B
- B2C
Global Wheat Germ Oil Market, By End User
- Cosmetics
- Dietary Supplements
- Pharmaceuticals
- Food Industry
- Others
Global Wheat Germ Oil Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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