Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 874.15 Million | USD 1,476.86 Million | CAGR at 6.00% | 2023 |
According to the report published by Zion Market Research, the global Strawberry Seed Oil Market size was valued at USD 874.15 Million in 2023 and is predicted to reach USD 1476.86 Million by the end of 2032. The market is expected to grow with a CAGR of 6.00% during the forecast period. The report analyzes the global Strawberry Seed Oil Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Strawberry Seed Oil Market industry.
The strawberry seed oil is rich in minerals, antioxidants, and vitamins. The various elements that are present in the strawberry seed oil are potassium, magnesium, fluorine, boron, calcium, and much more. All these constituents are very beneficial for the skin. The seeds of the strawberry are collected, dried, and cleaned then are cold pressed for collecting the strawberry seed oil.
The Latin name for the strawberries is Fragaria ananassa. The oil which is used in the skincare products is the by-product which is obtained from the jam and fruit juice manufacturing industries. The seeds are not disposed of but are cold-pressed to obtain the oil.
The global strawberry seed oil market is fragmented into its application and the end-user industry.
Based on the application, the global market is segregated into nutritional supplements, nutricosmetics and animal health.
Based on the end-user industry, the strawberry seed oil market is categorized into cosmetic, food, pharmaceutical and personal care.
In the coming years, the market for strawberry seed oil will be growing at a significant rate. The alpha-linolenic acid has an increasing demand and this linoleic acid is present in the unsaturated strawberry oil thus being the major factor that is driving the growth of the strawberry seed oil market. In the personal care sector, the strawberry seed oil is used for a variety of applications which propels the demand for the product in the global market.
The development of this industry creates influence on the ratio of the supply and the demand of the strawberry seed oil. In skin care products, UV protection for the skin is highly required by consumers which is increasing the demand for strawberry seed oil. In products such as anti-aging creams, the consumption of strawberry seed oil is high.
The other applications of the strawberry seed oil are they are widely used in the recreational centers and the health spas for the aromatherapy thus triggering the growth of the strawberry seed oil market. The growing demand for strawberry seed oil from the fragrance industry is also driving the development of the market. Another factor that supports the market growth is the growing penetration of online distribution.
Report Attributes | Report Details |
---|---|
Report Name | Strawberry Seed Oil Market Research Report |
Market Size in 2023 | USD 874.15 Million |
Market Forecast in 2032 | USD 1476.86 Million |
Growth Rate | CAGR of 6.00% |
Number of Pages | 201 |
Key Companies Covered | The Kerfoot Group, Eco Treasures NV, Connoils LLC, Statfold Seed Developments Ltd |
Segments Covered | By Application, By End-User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 20202 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The major share in the strawberry seed oil market is held by North America as the U.S. accounts for the major strawberry production. The increasing aromatherapy industries in the regions are opening up opportunities for the market.
Owing to the increasing influence of the consumers towards nutrient-rich oils and Germany and Spain being the large exporters of strawberries Western European strawberry oil market is growing at a very good rate. In the coming years, the market will be growing significantly in the Asia Pacific region owing to the increasing government support for agricultural activities.
The key market players that are involved in the strawberry seed oil market include
BY Application
By End User
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