Global Pomegranate Seed Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2033
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14149
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June 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Pomegranate Seed Oil Market Overview :
Global Pomegranate Seed Oil Market was valued at USD 22.49 Million in 2023 and is reach to USD 47.08 Million by 2033 at a CAGR of 7.66%
Pomegranate seed oil is extracted from the seeds of the pomegranate fruit. Among the many uses of this oil include application for softening or soothing the skin. The oil has high level of vitamin C and antioxidant properties and can also be used to prevent cell damage and for fast wound healing.
It is widely used in the cosmetics industry owing to capability to provides UVA- and UVB-induced damage protection, improve skin regeneration, and to control hyperpigmentation. It is also used in the nutraceutical industry due to its high bioactive, physicochemical, and antimicrobial properties.
Market: Dynamics
Pomegranate seed oil offers various skin benefits, and is known to reduce signs of aging skin, improve skin texture, and fight against free radicals. Growing demand for pomegranate seed oil among consumers across the globe is projected to drive growth of the market to a significant extent. Rapid urbanization, growing cosmetics industry, and changing lifestyle are among some of the other factors projected to drive growth of the market.
Rising demand for natural, organic, and herbal products in emerging economies another factor. Increasing adoption of pomegranate seed oil in nutraceutical applications owing to its high content of omega5 fatty and punicic acid properties is an additional factor projected to boost growth of the global pomegranate seed oil market in future.
Furthermore, growing retail sector coupled with rising spending power of consumers in developed and developing countries projected to support growth of the global pomegranate seed oil market in the near future.
However, high cost of pomegranate seed oil due to high manufacturing cost can hamper growth of the global pomegranate seed oil market.
Segment Analysis
By End-use Industry:
Among the end-use industry segments, the food & beverage segment is projected to account for significant growth in term of revenue in the global market in the coming years. Rising health awareness among consumers across the globe is projected to drive demand.
By Distribution Channel:
Among the distribution channel segments, the specialty stores segment is projected to register significant revenue growth in the global market as compared to other segments in the market.
Region Analysis
North America is projected to account for majority revenue share as compared to markets in other regions in the target market in the near future. This is attributable to rapidly growing food sector coupled with presence of pomegranate seed oil manufacturers in countries such as the US and Canada. Increasing demand for natural ingredient-based cosmetics and personal care products among consumers in countries in the region is a major factor fueling growth of the North America pomegranate seed oil market.
The Asia Pacific market is projected to register significantly high revenue share contribution to the global pomegranate seed oil market over the forecast period. Growing demand for pomegranate seed oil for various applications such as for use in pharmaceuticals, food & beverage industry, and cosmetics industries in China and India is a factor expected to drive growth of the market in Asia Pacific.
Global Pomegranate Seed Oil Market Segmentation:
Segmentation by end-use industry:
- Food & Beverages
- Cosmetics
- Pharmaceutical
- Nutraceutical
- Chemical
Segmentation by distribution channels:
- Wholesaler
- Supermarkets/Hypermarkets
- Specialty stores
- Retailers
- Online retail
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size USD 22.49 Million Growth Rate 7.66% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- ULRICH GMBH
- Francis Herb Farm Inc.
- Ario Fruit Co.
- All Organic Treasures GmbH
- Aznar
- PARODI NUTRA S.R.L
- REALOE LTD.
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