The crambe abyssinica seed oil market is projected to achieve a CAGR of 9% during the forecast period, growing from USD 11 Billion in 2022 to a valuation of USD 28.4 billion by 2032.
Promising growth prospects are anticipated for the crambe abyssinica seed oil market, driven by increasing competition. New entrants are providing a range of options at competitive prices, enhancing accessibility for consumers in the global market.
This report provides an in-depth examination of the business models, key strategies, and market shares of leading companies in the crambe abyssinica seed oil market.
The comprehensive analysis includes market statistics on revenues, detailed segment-by-segment and region-by-region data, as well as country-specific insights. It also offers an extensive commentary on the main factors influencing demand for crambe abyssinica seed oil. This research stands out as one of the most thorough studies in the market.
Sales of crambe abyssinica seed oil are projected to increase significantly, with expectations to reach US$ 15.5 billion by 2026. This growth is anticipated to enhance the overall market share of crambe abyssinica seed oil.
Commonly known as Abyssinian seed oil, crambe abyssinica seed oil is a natural oil derived from the mustard plant, native to the Mediterranean region. It boasts high oxidation resistance and contains the beneficial fatty acid C22. Due to its lightweight and non-greasy texture, this oil is widely used in face creams.
Crambe abyssinica seed oil offers antibacterial, humectant, skin-conditioning, and protective properties. Additionally, green tea extract contributes cell-protective benefits, aiding in skin restoration and wrinkle reduction for firmer, more elastic skin. Beyond skincare, crambe abyssinica seed oil also provides advantages for hair health.
The demand for crambe abyssinica seed oil is rising, largely due to its silica content, which supports healthy hair. Worldwide sales are being driven by increasing consumer awareness of personal hygiene and the expanding cosmetic sector.
Manufacturers in the crambe abyssinica seed oil market have a significant platform to meet the growing demand. As competition intensifies, new entrants are providing a range of affordable options, making crambe abyssinica seed oil more accessible to consumers.
Competitive Landscape
Shanghai Freemen, Tate & Lyle, Phyto Life Sciences P. Ltd., Carrubba INC, AVT Tea Services, Nature’s Crops International, Hunan Sunfull Bio-tech Co., Ltd., Henry Lamotte OILS GmbH, and others are some of the leading participants in the crambe abyssinica seed oil market.
Recent Developments
- Following a Reverse Morris Trust transaction, IFF completed the previously announced merger of IFF with DuPont’s Nutrition & Biosciences (N&B) division in February 2020. IFF would continue to be the name of the amalgamated firm. The merged company’s common stock would trade under the ticker IFF on the New York Stock Exchange.
- dôTERRA released numerous new essential oil products and diffusers in October 2020, as well as three new wellness programs to assist individuals to focus on their own health objectives. The new goods were unveiled at Pursue 2020 in September.
- Givaudan purchased Myrissi in February 2021. (France). Givaudan’s long-term Fragrance & Beauty strategy would be enabled by the purchase of Myrissi; their experience in AI would assist Givaudan in offering new organoleptic approaches to customers.
- Firmenich finalized the purchase of Les Dérivés Résiniques et Terpéniques (DRT) (France) in May 2020, making Firmenich a global leader in the development and delivery of high-quality, renewable, and organically sourced ingredients. Firmenich would benefit from this purchase by becoming a major player in renewable ingredients for perfumery and other applications.
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Key Segments For Crambe Abyssinica Seed Oil Market
Based On Extraction Method Type:
- Mechanical Crushing
- Cold Pressed
- Others
Based On Nature:
- Organic
- Conventional
Based On Price:
- High
- Mid-Range
- Low
Based On Application:
- Skincare
- Haircare
- Others
Based On Region:
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, United Kingdom, France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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