According to a new report published by Introspective Market Research, titled, “Apple Seed Oil Market by Application and Type: Global Opportunity Analysis and Industry Forecast, 2023–2032,”
the global Apple Seed Oil market size was valued at USD 5.13 Billion in 2023, and is projected to reach USD 7.76 Billion by 2032, registering a CAGR of 4.7% from 2023 to 2032.
Apple seed oil is a by-product of the apple processing industry where the apple seeds are crushed under high pressure and low-temperature controlled conditions [at around 80-90°F (26-32°C)] either by cold-pressed or solvent-extraction techniques to extract the oil. The oil is widely used for various reasons including the cosmetic industry, medicinal industry, and culinary purposes. The residue obtained after crushing is utilized as supplement animal feed for cattle. The oil is rich in nutrients like vitamins (A, C, E), minerals (calcium, potassium, magnesium), antioxidants, and polyphenols. Several health benefits of the oil include antioxidant protection, immune support, and overall well-being. Considering the aspect of health benefits is responsible for the market's growth. The consumer preference for natural and organic products is one of the factors for increasing the demand for apple seed oil. Awareness about the health benefits of apple seed oil is a driving factor for market growth. The oil has anti-inflammatory properties and is hence utilized in pharmaceutical and nutraceutical sectors.
The demand for natural and organic products is one of the key drivers responsible. Awareness of environmental and ethical concerns along with sustainable sourcing and production practices. Use of apple seed oil in culinary applications. The rising preference for natural beauty products is another reason for increasing demand. Use of apple seed oil in culinary applications. The rising preference for natural beauty products is another reason for increasing demand. Diversification of product offerings not only meets the demand for natural and effective ingredients but also expands the market for apple seed oil, positioning it as a versatile and sought-after ingredient across various industries. Innovation in Product Formulation has led to the creation of moisturizers and serums that promise hydration and antioxidant benefits, appealing to individuals seeking natural solutions for their skincare routines. Similarly, in hair care products, apple seed oil is being incorporated into shampoos, conditioners, and hair masks to promote scalp health, strengthen hair follicles, and add shine. Furthermore, the nutritional profile of apple seed oil has prompted its inclusion in dietary supplements, catering to consumers looking to enhance their overall wellness.
The cosmetic industry focuses on natural ingredients creating opportunities in the market. Use of petroleum-based products is inconsistent with the content of truly natural and organic cosmetics, whose composition should mostly be made of minerals, natural and organic plant extracts, products from microorganisms, or substances obtained from these sources. The properties of these compound mixtures, such as those from plant extracts and oils, naturally help protect, nourish, and hydrate the skin.
According to the global Apple Seed Oil market analysis, the market is divided by application, type, extraction process, and geographical division. By application, it comprises Food And Beverage, Cosmetic, Skin treatment, and Health Care. By type, it includes organic and conventional. Based on the extraction process, the market is segmented into solvent extraction, and cold press. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players to sustain a competitive environment and increase their market share.
Global Apple Seed Oil Market, Segmentation
The type segment is further classified into organic and conventional. Among these, the Conventional sub-segment accounted for the highest market share in 2021. Traditional apple seed oil, made using standard methods, was the big player in the global market in 2023 and is expected to stay strong in the future. The traditional ways of making this oil are well-known and cheap, so it's easy to produce a lot of it to meet demand. People tend to like what they know, so they trust and prefer the usual stuff. Also the systems for making and getting this regular apple seed oil to stores are already set up and work smoothly. Since it's been around a while, people are used to it and trust it. So, even though there's more interest in fancy organic and special oils, the basic kind still rules because it's easy to find and cheap, and people trust it.
Application:
The application segment is further classified into Food And Beverage, Cosmetics, Skin treatment, and Health Care. The food and beverage industry snagged the top spot in the apple seed oil market, raking in the most money. Food and drink makers are always brainstorming new ways to stand out in the crowded market. Apple seed oil brings a distinct taste and nutritional boost to products, giving them an edge over rivals. So, it's no surprise that there's a high demand for this special ingredient in the industry. The manufacturers are constantly innovating to differentiate their products, and apple seed oil offers a unique flavor profile and nutritional benefits that can set them apart in a competitive market. Additionally, the versatility of apple seed oil allows it to be incorporated into various food and beverage products, further fueling its popularity and high demand within the industry.
Region:
The Apple Seed Oil market in Asia-Pacific is projected to show the fastest growth by 2031. The Asia-Pacific region's dominance in the apple seed oil market can be attributed to several factors. There is a growing preference for natural and organic products in countries like China and India, driven by increasing awareness of health and wellness. The skincare and beauty industries in these regions are experiencing rapid growth, leading to greater demand for natural ingredients such as apple seed oil. The perceived benefits of apple seed oil, including its antioxidant properties and potential health benefits, are fueling its popularity and driving market expansion in Asia-Pacific. It's all about the rising love for natural and organic goodies, especially in places like China and India. People are catching on to the perks of apple seed oil, and that's fueling the market boom in these parts of the world.
Some of The Leading/Active Market Players Are-
- Organic Pure Oil (USA)
- E naturalne (UK)
- Natural polland (Polland)
- CocoJoJo (USA)
- Herboil Chem (India)
- Akoma (UK)
- Bioflare (UK)
- Innisfree (South Korea)
- NOW Foods (USA)
- The Ingrident Store (UK) and other key players
Key Industry Developments
- In Jan 2024, Now Health Group Recalls Phosphatidyl Serine Supplements Over Inaccurate Labeling.
- In Nov2023, Volume 112 of Journal on Functional Foods: Apple extract used as preventive agent against indomethacin-induced gastric ulcers in rats by suppressing oxidative stress:
Key Findings of the Study
- Demand For Natural And Clean Label Ingredients In Cosmetics And Personal Care is the key driver.
- The Asia-Pacific region's dominance in the apple seed oil market. There is a growing preference for natural and organic products in countries like China and India, driven by increasing awareness of health and wellness.
- The leftover residue obtained after crushing is used as supplement animal feed for cattle creating an opportunity for market growth.
