The global wheat germ oil market was worth USD 600 million in 2021 and is expected to rise to USD 1001 million by 2028 at a CAGR of 5.35%.
FrequentlyAsked Questions
The global wheat germ oil market is anticipated to witness surging growth in the application of the product in the personal care and cosmetics segment which is one of the fastest-growing industries with billions of consumers. The beauty industry of Australia is growing at a high CAGR and currently employs more than 120,000 people with a revenue of AUD 8.4 billion, as of 2022.
According to study, the global wheat germ oil market size was worth around USD 600 million in 2021 and is predicted to grow to around USD 1001 million by 2028 with a compound annual growth rate (CAGR) of roughly 5.35% between 2022 and 2028.
The global wheat germ oil market is projected to grow with the highest CAGR in the Asia-Pacific market owing to the growing demand and adoption of personal care and cosmetic products in the regional market. The Asia-Pacific is currently witnessing a revolution in the personal care industry with a sudden emergence of large consumer groups that are willing to invest in personal care products.
Companies like Inlife Pharma Pvt. Ltd., Archer Daniels Midland Company, General Nutrition Centers Inc., Henan Ingredients Group Co. Ltd., GNLD International LTD., Glencore, NutriPlex Formulas Inc., and NOW Foods dominate the global wheat germ oil market.
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