Global Strawberry Seed Oil Market Insights and Trends, Positive and Negative Factors, Areas to Focus on, Potential Markets, Key Developments, Segments and Verticals, and Forecast 2019 – 2028
“Global Strawberry Seed Oil Market Growth Factors, Trends, Industry Analysis, Market Share and Forecast to 2028” is a recently created report by MarketResearch.biz. The global strawberry seed oil market has been categorized on the basis of application, end-use industry, and region and country.
Strawberry Seed Oil: Product Overview
Strawberry seed oil is obtained by extracting it from strawberry seeds using the cold-press method. This dark green colored oil has light viscosity, and sweet smell and acidic aroma. Strawberry seed oil contains high level of Omega-3 Linolenic acid and is a rich source of tocopherols and antioxidants. Additionally, it is an excellent source of minerals such as boron, fluorine, phosphorus, sulfur, cobalt, potassium, calcium, magnesium; and vitamin A, B, C, and E. Strawberry oil is used in cosmetics in order to remove small brown spots or freckles on skin. In addition, the oil offers various benefits for skin such as the blend of strawberry oil and lemon juice helps to cleanse the skin, improves condition of the skin, and lowers appearance of certain marks.
Strawberry Seed Oil Market: Dynamics
Growing demand for strawberry seed oil as product ingredient in the personal care products industry, coupled with high demand and adoption of Alpha-Linolenic/ α-Linolenic acid that can be found in unsaturated strawberry oil are major factors driving growth of the target market over the few years. Demand for strawberry seed oil-based skincare products for UV protection and anti-aging is increasing tremendously and is expected to gain traction in the near future. Rising number of beauty spas, salons, and recreational centers, coupled with high demand for facial cleansing oil, and high penetration of aromatherapy are some of other the factors expected to support growth of the target market to significant extent. Furthermore, increasing penetration of Internet, coupled with rising preference towards purchasing products from online retail are factors that are anticipated to continue to fuel global market growth.
High initial setup cost and high cost of raw materials required for making oil, results in high cost of the end product, which is a major factor that could restraint target market growth.
Strawberry Seed Oil Market: Segment Analysis
Among the grade segments, the food-grade segment is expected to witness notable growth in terms of revenue over the 10-year period, because strawberry seed oil is nutrition-rich which helps detoxify the body. The pharmaceutical grade is expected to account for considerable rate owing to high demand for strawberry oil-based products due to various properties offered by it.
By End-use Industry:
Among the end-use industry segments, the personal care segment is anticipated to register the fastest CAGR in the 10-year period, due to its excellent emolliency and rapid absorption features. The seed oil is used in various products for lip care, facial care, hair care, body care, and massage related products.
Strawberry Seed Oil Market: Region Analysis
The North America strawberry seed oil market accounted for major share in the target market in terms of revenue, due to rapid growth in aromatherapy sector, and strong presence of strawberry seed oil manufacturers in countries such as the US and Canada. The Europe market is projected to register the fastest revenue growth in the next 10 years, owing to growing consumer demand for natural ingredients-based personal care products. In addition, presence of several exporters in countries such as Spain and Germany in this region is another factor expected to support growth of the market in Europe. The market in Asia Pacific is anticipated to grow at significant CAGR in the global market over the forthcoming years, due to rising spending capacity among population, coupled with increasing adoption of personal care products, rising number of footfalls at SPA, aromatherapy clinics, and skin parlors, and high demand for natural or organic oils for personal use among individuals in countries such as India, Japan, Australia, and China.
The strawberry seed oil market is highly concentrated as there are few international players and certain small local players operating in the global market. This can prove to be beneficial for existing players to enter emerging markets and capture larger base of loyal customers. In addition, new entrants planning to venture into the target market can gain instant revenue opportunities.
Global Strawberry Seed Oil Market Segmentation:
Segmentation by Grade:
- Food Grade
- Pharmaceutical Grade
Segmentation by End-use Industry:
- Personal Care Products and Cosmetics
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Connoils LLC
- The Kerfoot Group
- Statfold Seed Developments Ltd.
- Eco Treasures NV
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