The Rising Demand for Wheat Germ Oil: Key Drivers and Growth Opportunities
Wheat germ oil, renowned for its high nutritional value, is witnessing increased demand across various industries. From food and beverages to cosmetics and animal feed, wheat germ oil is gaining popularity for its rich vitamin content and antioxidant properties. This article explores the expanding market for wheat germ oil, highlighting its diverse applications and the factors driving its growth.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60756
Key Players and Market
Developments
Grupo Plimon, Hebei
Jiafeng Plant Oils, VIOBIN USA., General Nutrition Centers, Inc., ConnOils LLC
Market Overview
In recent years, the global wheat germ oil market has experienced significant
growth, with sales reaching approximately 92 thousand tons in 2018. The market
is expected to expand further, with a projected volume CAGR of 6.5% by 2027,
reaching around 172 thousand tons. This growth is attributed to the rising
consumer preference for nutritious ingredients and the versatile applications
of wheat germ oil across industries.
Conventional vs. Organic Production
The wheat germ oil market can be segmented based on production methods into
conventional and organic. Currently, conventional wheat germ oil holds the
majority share of the market, with sales totaling around 83 thousand tons in
2018. However, organic wheat germ oil is gaining traction, driven by the
growing demand for organic and natural products. Sales of organic wheat germ
oil are expected to double by 2029, reaching approximately US$ 58 million, with
a compound annual growth rate (CAGR) of around 19%.
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