PUBLISHER: Orion Market Research | PRODUCT CODE: 1215809
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215809
Title:Global Pomace Camellia Oil Market Size, Share & Trends Analysis Report by Process (Expelling, and Lixiviation Process) by Application (Food, Cosmetics, and Others) Forecast 2022-2028.
The global pomace camellia oil market is anticipated to grow at a significant CAGR of 4.5% during the forecast period. Increasing use of camellia oil among various end-user industries such as food, cosmetics, and skin care, pharmaceuticals, and soaps owing to the higher concentration of antioxidants and vitamin E, is expected to boost the market growth. Moreover, rising concern for health-related such as blood pressure, healing wounds, cancer risk, and hair issues , poor hair quality, are the major factors responsible for the growth of the market. In January 2020, Del Monte has launched a special 1-liter pouch pack priced at $3.15, the pack has already hit the markets in Delhi-NCR, Bengaluru, Chennai, Mumbai, Hyderabad, Punjab, and on various e-commerce platforms. The new pack contains a variety of olive pomace oil, which is directly imported from Europe.
The global pomace camellia oil market is segmented based on process, and application. Based on process, the market is bifurcated into expelling, and lixiviation process. Based on application the market is sub-divided into food, cosmetics, and others. Based on application, the cosmetics segment is projected to attain significant growth in the global pomace camellia oil market. Due to the high concentration of vitamins and natural plant ingredients police oil is widely used in cosmetics products, as it has skin restructuring and moisturizing properties. Camellia oil is a perfect moisturizer for skin layers and consists of anti-inflammatory ingredients that prevent skin redness and treat acne. Owing to rising concern for skin-related issues, and increasing prevalence of attractive look among the people is expected to boost the growth of the cosmetic segment during the forecast period. In addition, the market players such as Kosterina, Sansvita Co, Ltd., The Wilmar Group are continuously focusing on adopting various strategies such as partnership, expansion, and innovation to remain competitive in the global market. For instance, in November 2021, Kosterina has expanded its extra virgin olive oil (EVOO) wellness brand into skincare with the launch of Kosterina Beauty- skincare that uses Kosterina's signature antioxidant EVOO to create Mediterranean-inspired products. The new brand is enrich with olive-derived squalane, quercetin, and high polyphenol content, which works from the inside and outside to provide health and skin care benefits. Hence, the numerous benefits of camellia oil in cosmetics products and contribution of market players, lead to increase in the demand of cosmetic segment in the global police camellia oil market.
Geographically the global pomace camellia oil market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region has witnessed a considerable growth in the global pomace camellia oil market. Owing to the major importer of pomace oil, rise in the application of pomace oil in cosmetic, pharmaceuticals, and food industries, and the surge in the demand for natural products drive the growth of the market in the North American region. As per International Olive Council, the US imported 390,534 tones of olive oil and olive pomace oil in 2020 and 2021. Among total value, nearly 78.9% of US imports of olive oil come from Italy, Spain, and Tunisia, followed by Portugal with 6.6% and Turkey with 4.5%.
The major companies serving the global pomace camellia oil market are Hallstar Innovations Corp., Indenta Chemicals (India) Pvt. Ltd., Jedwards International, Kaneda Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, February 2021, Pompeian Inc. has expanded its olive oil and vinegar portfolios with three innovations which include Pompeian organic smooth extra virgin olive oil and Pompeian rich taste olive oil, and Pompeian Rose Balsamic Vinegar. The olive oil is robust with full-bodied flavor and is meant for salads and marinades.
Research Methodology
The market study of the global pomace camellia oil market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: