Wheat Germ Oil Market to Grow with a CAGR of 6.12% Globally through 2028
The global wheat
germ oil market is growing rapidly, driven by the growing demand for natural
and organic products and increasing application in food industry are key market
trends.
According
to TechSci Research report, “Global Wheat Germ Oil Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Wheat Germ Oil Market stood at
USD 593.32 million in 2022 and is anticipated to grow with a CAGR 6.12% in the
forecast period, 2024-2028. The global wheat germ oil market is experiencing
dynamic growth driven by health-conscious consumer trends. Extracted from the
germ of the wheat kernel, the oil is celebrated for its rich nutritional
profile, including omega-3 and omega-6 fatty acids, vitamin E, and
antioxidants. With increasing demand for natural and functional ingredients,
wheat germ oil finds applications in food, cosmetics, and pharmaceuticals.
Challenges include raw material fluctuations and intense competition. However,
innovations in extraction methods, diverse applications in nutraceuticals, and
a global shift toward e-commerce contribute to the market's resilience and
expansion, positioning wheat germ oil as a versatile and sought-after product.
Browse
over xx market data Figures spread through xxx Pages and an in-depth TOC
on "Global Wheat Germ Oil Market”
One of the
prevailing trends in the food and beverages sector is the growing demand for
functional foods that offer health benefits beyond basic nutrition. Consumers
today are not just looking to satiate their hunger; they are seeking products
that contribute to their overall well-being. This has given rise to a plethora
of fortified and enriched products, where ingredients like vitamins, minerals,
and botanical extracts are incorporated to enhance nutritional profiles. Wheat
germ oil, known for its rich content of omega-3 and omega-6 fatty acids,
vitamin E, and antioxidants, has found a place of prominence in this trend.
The trend
towards functional foods aligns with the broader global shift towards healthier
lifestyles. Whether it's the inclusion of wheat germ oil in fortified cereals,
energy bars, or smoothies, consumers are increasingly recognizing the value of
incorporating functional ingredients into their daily diets. This not only
caters to the desire for convenient and nutritious options but also reflects a
proactive approach to preventive healthcare.
Moreover, the
food and beverages sector is witnessing a surge in the demand for natural and
clean-label products. Consumers are scrutinizing ingredient lists more than
ever, showing a preference for products with recognizable, minimally processed
components. This has prompted manufacturers to reevaluate and reformulate their
products, opting for natural alternatives. Wheat germ oil, being derived from
the germ of the wheat kernel, aligns seamlessly with this clean-label trend,
positioning itself as a sought-after ingredient for those seeking a natural and
wholesome dietary choice.
In the realm of
beverages, the trend extends to functional and health-focused options. From
antioxidant-rich teas to vitamin-infused waters, the beverage market is
diversifying to meet the demands of a health-conscious consumer base. Wheat
germ oil has also found its way into this landscape, featuring in nutritional
drinks and smoothies, providing a convenient way for consumers to incorporate
its benefits into their daily hydration routines.
However, the
food and beverages industry is not without its challenges. Intense competition,
changing consumer preferences, and stringent regulatory requirements pose
hurdles for companies striving to stay relevant and compliant. Manufacturers
face the challenge of striking the right balance between creating products that
are not only healthy but also appealing in taste and texture. Achieving this
equilibrium is crucial for sustaining consumer interest and loyalty in an
industry where innovation and adaptability are key.
Furthermore, the
impact of global events and economic factors cannot be overlooked. The COVID-19
pandemic, for instance, has prompted shifts in consumer behavior, with an
increased focus on at-home consumption, online grocery shopping, and a preference
for immunity-boosting products. This has accelerated trends such as the demand
for functional foods and beverages that support overall health and wellness.
The global wheat
germ oil market is segmented into nature, end user, distribution channel, regional
distribution, and company.
Based on end
user, the market is segmented into cosmetics & personal care,
pharmaceuticals, food & beverages, feed industry, others.
In the food and
beverages sector, the growing segment is witnessing a surge in demand for
functional and health-focused products. Consumers are increasingly seeking
nutritious and natural ingredients, leading to the prominence of this trend. As
health-consciousness rises, food and beverage companies are incorporating
ingredients like wheat germ oil, known for its nutritional benefits, into
various products. This includes fortified cereals, snacks, and beverages,
catering to a market that prioritizes wellness. The shift towards functional
foods aligns with evolving consumer preferences, making it a significant and
expanding segment within the broader food and beverages industry.
Major companies
operating in Global Wheat Germ Oil Market are:
- Henry
Lamotte Oils GmbH
- Herbal
Bio Solutions
- Viobin
(PHM Brands LLC)
- Country
Life, LLC
- Arista
Networks, Inc
- Hebei
Jiafeng Plant Oils Co., ltd
- GNLD
International
- GNC
Holdings, LLC
- NutriPlex
Formulas Inc
- Kunhua
Bio-tech Co., Ltd
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The
global wheat germ oil market is on a growth trajectory, fueled by rising health
consciousness and the popularity of natural ingredients. Derived from the wheat
kernel's germ, this oil is prized for its nutritional richness, including omega
fatty acids and antioxidants. Key drivers include increasing demand in food,
cosmetics, and nutraceuticals. However, challenges such as raw material
fluctuations and competitive pressures exist. Innovations in extraction
methods, expanding pharmaceutical applications, and a notable rise in
e-commerce contribute to market resilience. Overall, the wheat germ oil market
continues to evolve, driven by consumer preferences for wellness and
sustainability.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Wheat Germ Oil Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Nature (Organic, Conventional), By End User (Cosmetics & Personal Care,
Pharmaceuticals, Food & Beverages, Feed Industry, Others), By Distribution
Channel (Direct Sales,
Supermarkets/Hypermarkets, Online, Others), By Region, By Competition,
2018-2028”, has evaluated the future growth potential of global
Wheat Germ Oil Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Wheat Germ Oil Market.
Contact
Techsci
Research LLC
420
Lexington Avenue
Suite
300, New York
United
States- 10170
M:
+13322586602
Email: [email protected]
Web: https://www.techsciresearch.com