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Wheat Germ Oil Market Analysis
The wheat germ oil market from organic segment dominated around USD 360.7 million revenue in 2022. Consumers seeking healthier options are drawn to organic products due to their perceived higher nutritional content and absence of synthetic chemicals.
Food and Beverages segment accounted for 45% of the wheat germ oil market share in 2022. Wheat germ oil's nutrient-rich profile, including vitamin E and essential fatty acids, positions it as a valuable ingredient for fortifying foods and beverages.
The wheat germ oil market from online retail segment and is anticipated to grow at 5.3% CAGR through 2032. Online retail provides consumers with the convenience of purchasing wheat germ oil from the comfort of their homes, making it an attractive option for busy individuals.
U.S. wheat germ oil market size held over USD 124.5 million in 2022. The strong focus on health and wellness in North America drives demand for nutrient-rich ingredients like wheat germ oil, known for its potential health benefits.
Why is U.S. emerging as a lucrative avenue for wheat germ oil industry players?
U.S. market size was valued at USD 124.5 million in 2022, owing to the region
How are online retailers influencing the demand for wheat germ oil?
Online retail segment share is anticipated to record 5.3% CAGR from 2023 to 2032, as they provide consumers with the convenience of purchasing wheat germ oil from the comfort of their homes, making it an attractive option for busy individuals.
What is the size of the wheat germ oil market?
The market size of wheat germ oil reached USD 601.3 million in 2022 and is estimated to cross USD 1.3 billion by the end of 2032, says this GMI report.
Who are the key players in the global wheat germ oil market?
Archer Daniels Midland Company, NOW Foods, Grupo Plimon, Agroselprom Group, Henan Kunhua Biological Technology Co., Ltd., Ningxia Yousha Almond Co., Ltd., GEMEF INDUSTRIES, SUNGAITER COMPANY LIMITED, Swissol Group, Derma Essentia.