According to Future Market Insights, the Carica Papaya Seed Oil market is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period. The market value is expected to rise from USD 241.5 million in 2022 to USD 408.6 million by 2032. At the end of 2021, the market was valued at USD 231.1 million and is projected to see a year-over-year growth rate of 4.5% in 2022.
Carica Papaya Seed Oil is extracted from the seeds of papaya fruit, and is extremely rich in antioxidant vitamins A and E and also contains high levels of omega 9 essential fatty acid (oleic acid). Papaya Seed Oil also contains an enzyme called papain, which acts as an exfoliant and helps in dissolving dead skin cells and sebum. Pretty remarkably, papain also reduces brown spots, lighten post acne marks, and has compounds which calm and soothe.
The increasing popularity of Ayurvedic and natural cosmetics, especially for skin and hair care, is a major driver of growth in the Carica Papaya Seed Oil market. Additionally, rising environmental pollution is likely to exacerbate skin and hair issues, further boosting demand for products like Carica papaya seed oil.
As awareness of the benefits of Carica papaya seed oil grows, global demand for Carica papaya seeds is expected to rise significantly, with a strong CAGR projected for the forecast period.
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Competitive Landscape
The global Carica papaya seed oil market is highly competitive, with numerous players vying for market share. Major companies are concentrating on broadening their product ranges and expanding into new geographic regions to secure a competitive advantage.
Key Companies Profiled
- Art Naturals
- Huntington Beach
- Carica Life Sciences Pvt. Ltd.
- Fruit of the Earth, Inc.
- Katyani Exports
- Augustus Oils Limited
- Lotus Garden Botanicals
- Botanical Beauty
- Parchem fine & specialty chemicals
- Suyash Herbs Exports Private Limited
- Grenera Nutrients Private Limited
- Aromatic Ltd.
- R K Products
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Segmentation of Carica Papaya Seed Oil Market
Segmentation by End-use:
- Medicinal (Skincare)
- Food Oils
- Cosmetics
- Chemicals
- Others
Segmentation by Sales Channel:
- Online
- Offline
Segmentation by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
- RoW
Frequently Asked Questions
What is the market size of Carica Papaya Seed Oil?
The global Carica Papaya Seed Oil market will reach a valuation of USD 241.5 million by the end of 2022.
What is the USA, Carica Papaya Seed Oil Market Outlook?
The U.S. Carica Papaya Seed Oil Market is contributing 30.9% of the total market share which is valued at around USD 74.6 million.
Which are the major countries driving demand for Carica Papaya Seed Oil Market?
USA, Canada, Mexico, Argentina, Brazil, Germany, United Kingdom, France, Italy, Russia, Spain China, Japan, India, and Australia are the major countries driving demand for Carica Papaya Seed Oil Market.
What is the Germany, Carica Papaya Seed Oil Market Outlook?
The German Carica Papaya Seed Oil Market is contributing 22.1% of the total market share which values at USD 53.4 million.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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