The Elaeis guineensis (palm) fruit extract market is projected to reach USD 59.08 billion by 2032, with an anticipated CAGR of 6.1% from 2022 to 2032.
Elaeis guineensis, the source of palm oil, offers various extraction methods for its fruit. The main types of extracts derived from the palm fruit include oil and bioactive compounds.
Currently, there is a strong demand for palm oil, which is categorized into three primary types: crude palm oil, Elaeis guineensis (palm) fruit extract, and palm kernel oil.
Fruit extracts from Elaeis guineensis are widely utilized across the food, beverage, cosmetic, and pharmaceutical sectors. These extracts are rich in antioxidants, which contribute to natural skin toning and are believed to help slow down the aging process due to their protective properties.
A palm fruit contains between 150-160 mg of tocopherols and nearly 30 mg of carotenoids, making it a healthy choice for the human body. As a result, Elaeis guineensis (palm) fruit extract finds significant applications across various industries, including cosmetics and food & beverages. Supplements derived from Elaeis guineensis (palm) fruit extracts are believed to enhance skincare and haircare, helping to reduce wrinkles and fine lines on the skin.
Elaeis Guineensis (Palm) Fruit Extract Market: Market Dynamics
Consumer awareness of health and safety is on the rise, leading many to seek natural or organic products. This shift significantly impacts the market, as shoppers increasingly look for natural foods and cosmetics.
In response to this growing demand, manufacturers are compelled to create products featuring such ingredients. Consumers are gravitating toward healthy oils for cooking and natural food options. Elaeis guineensis (palm) fruit extract oil is gaining popularity globally due to its health benefits.
Additionally, Elaeis guineensis (palm) fruit extract is thriving in the market for its positive effects on skincare, haircare, and overall health. Rich in healing agents, antioxidants, and anti-aging properties, it drives demand for natural cosmetic products, prompting manufacturers to increase production of these extracts.
Elaeis Guineensis (Palm) Fruit Extract Market: Key Players
Some of the major players in the Elaeis guineensis (palm) fruit extract market who contribute to the sales of Elaeis guineensis (palm) fruit extract are Connoils USA, Oil Palm India Ltd., AMJ Indonesia, PT Global Interinti Industry, Soon Soon Oilmills Sdn Bhd, Mewah Group and others.
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KEY SEGMENT
Based on the form:
- Oil
- Crude Palm Oil
- Palm Kernel Oil
- Bioactive Compounds
Based on the extraction method:
- Supercritical Carbon Dioxide
- Aqueous
- Solvent Extraction
- Cold Pressed
- Others
Based on nature:
- Organic
- Natural
Based on price:
- High Range
- Mid-Range
- Low Range
Based on end use:
- Cosmetics
- Food & Beverages
- Others
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