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Wheat Germ Oil Market Size
Wheat Germ Oil Market size was valued at USD 601.3 million in 2022 and is estimated to witness 5.5% CAGR from 2023 to 2032. Wheat germ oil is rich in essential nutrients such as vitamin E, omega-3 fatty acids, omega-6 fatty acids, antioxidants, and various minerals. Consumers are attracted to its nutritional profile and potential health benefits.
The growing focus on health and wellness has led consumers to seek out natural and nutrient-rich foods. Wheat germ oil aligns with this trend as it offers a concentrated source of vitamins and healthy fats. Wheat germ oil contains high levels of antioxidants, particularly vitamin E and various phytochemicals. These antioxidants play a role in protecting cells from oxidative stress and may have anti-aging benefits.
Extracting wheat germ oil is a complex process that requires specialized equipment and expertise. Wheat germ oil is rich in unsaturated fatty acids, which can make it susceptible to oxidation and rancidity. Wheat germ oil is a byproduct of wheat milling, and its availability can be subject to fluctuations in wheat production and processing.
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.