Elaeis guineensis is a palm species that is commonly known as oil palm. Elaeis guineensis (palm) fruit extract is likely to register a CAGR of 6.1% during the forecast period and is anticipated to reach an elaeis guineensis (palm) fruit extract market share of US$ 59.08 Billion in 2032, from US$ 32.68 Billion in 2022.
Growing consumer awareness of health & safety is sky-touching. With their growing knowledge, consumers are now focusing on products that are either natural or organic. This has a serious effect on the elaeis guineensis (palm) fruit extract market. In today’s world, consumers are looking for natural or organic food products, natural cosmetics, etc.
Growing demand for elaeis guineensis (palm) fruit extract along with natural or organic products has forced manufacturers to come up with relevant products or products with such ingredients. Consumers prefer to use oil with health benefits for cooking, natural food products to eat, etc. The demand for elaeis guineensis (palm) fruit extract oil is growing in all regions at a significant pace due to its beneficial health properties.
Elaeis Guineensis (Palm) fruit extract is also growing in the elaeis guineensis (palm) fruit extract market due to its beneficial properties for the human body, whether it is skincare or haircare, or human health.
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A palm fruit contains tocochromanols in the range of 150-160 mg of and almost 30 mg of carotenoids. It is considered healthy for human body. Thus elaeis guineensis (palm) fruit extract has a significant usage in various industries including cosmetic, food & beverages etc. The supplements made from Elaeis Guineensis (palm) fruit extracts are believed to have skincare, and haircare property and also helps in reducing wrinkles & lines on skin.
Elaeis Guineensis (Palm) Fruit Extract Market: Market Dynamics
Growing consumer awareness for health & safety is sky touching. With their growing knowledge, consumers are now focusing on such products which are either natural or organic. This has a serious effect on market. In today’s world, consumers are looking for natural or organic food products, natural cosmetics etc.
Growing demand for natural or organic products has forced the manufacturers to come up with relevant products or products with such ingredients. Consumers prefer to use oil with health benefits for cooking, natural food products to eat etc. The usage of Elaeis Guineensis (palm) fruit extract oil is growing in all regions at a significant pace due to its health beneficial properties.
Elaeis Guineensis (Palm) fruit extract is also growing in market due to its beneficial properties for human body whether it is skincare, haircare or for human health. Elaeis Guineensis (Palm) fruit extract contains healing agents, regenerating or revitalizing agents, antioxidants, anti-aging and anti-acne care properties which drives usage in natural cosmetic products. Due to the growing market demand, manufacturers are producing the Elaeis Guineensis (Palm) fruit extracts.
Higher degree of concentration in terms of palm tree cultivation has been seen in Asia Pacific. Popularity of Elaeis Guineensis (Palm) fruit extracts is growing due to its heavy usage into cosmetic & food & beverages industry.
Elaeis Guineensis (Palm) Fruit Extract Market: Regional Outlook
Changing lifestyle and growing health & fitness consciousness generate demand for natural and organic products across the world. Developed countries such as North America, Europe are the key countries are believed to have the highest rate of usage of Elaeis Guineensis (palm) fruit extracts. Europe’s higher cosmetic companies’ concentration have also drive the Elaeis Guineensis (ealm) fruit extract market for the particular region.
Asia Pacific is believed to have a significant growth rate for Elaeis Guineensis (palm) fruit extract companies due to the higher degree production of palm trees in Indoneisa and Malaysia. The end product demand is estimated to generate from China, Japan, India, Korea, and other countries in this region. Malaysia & Indonesia have more than 50% of the total palm production in the world. The Middle East & Africa is projected to contribute a significant share of the global market over the forecast period.
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Elaeis Guineensis (Palm) Fruit Extract Market: Key Players
Some of the major players in the Elaeis Guineensis (Palm) Fruit Extract market are Connoils USA, Oil Palm India Ltd., AMJ Indonesia, PT Global Interinti Industry, Soon Soon Oilmills Sdn Bhd, Mewah Group and others. These key market players are estimated to enhance the Elaeis Guineensis (Palm) fruit extract market growth with innovative product formulations and its launch.
KEY SEGMENT
Based on form:
- Oil
- Crude Palm Oil
- Palm Kernel Oil
- Bioactive Compounds
Based on 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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