The North America Apple Seed Oil Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 29,678.22 tonnes, showcasing a growth of 4.2% (2019-2022).
Apple seed oil's ability to nourish and hydrate the skin without leaving a greasy residue makes it particularly popular in skincare products targeting dry or sensitive skin types. Additionally, its antioxidant properties contribute to skin rejuvenation and protection against free radicals, supporting overall skin health. In haircare, apple seed oil is valued for its moisturizing and conditioning properties, promoting smoothness, shine, and manageability. Therefore, the Canda market use 61.54 tonnes of apple seed oil in cosmetics by 2030.
The US market dominated the North America Apple Seed Oil Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,527.1 Million by 2030. The Canada market is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.9% during (2023 - 2030).
Due to its potential health benefits, apple seed oil is used to produce dietary supplements and nutritional products. It has vital vitamins, antioxidants, and essential fatty acids that promote immune system function, cardiovascular health, and skin health, among other aspects of general health and well-being. Also, apple seed oil is used in aromatherapy and massage oils for its soothing and relaxing properties. It can be mixed with additional essential oils to make personalized concoctions for aromatherapy, massage therapy, and relaxation.
Furthermore, apple seed oil is increasingly recognized for its potential health benefits, leading to its adoption in the health and wellness sector. It contains essential fatty acids, vitamins, and antioxidants that support overall health and well-being, including cardiovascular health, immune function, and skin health. Apple seed oil is utilized in nutraceuticals, pharmaceuticals, and dietary supplements to offer these advantages as customers become more health-conscious and look for natural cures and supplements.
The rise of e-commerce platforms has made apple seed oil products more accessible to consumers across Mexico. According to the International Trade Administration (ITA), Mexico is positioned among the top five countries in the world in terms of e-commerce retail growth rate. Hence, the growing food and beverage processing sector and expansion of e-commerce in the region are expected to boost the demand for apple seed oil products.
Free Valuable Insights: The Apple Seed Oil Market is Predict to reach USD 5.8 Billion by 2030, at a CAGR of 5.0%
Based on Distribution Channel, the market is segmented into Business to Business, Specialty Stores, Online, Hypermarkets & Supermarkets, and Others. Based on End User, the market is segmented into Food & Beverage, Healthcare, Cosmetic, and Skin & Hair Care. Based on Nature, the market is segmented into Conventional, and Organic. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
By End User (Volume, Tonnes, USD Billion, 2019-2030)
By Nature (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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