Wheat Germ Oil Market Predict $1,015.30 Million & CAGR: 5.40% By 2032

Wheat Germ Oil Market Size Worth $1,015.30 Million By 2032 | CAGR: 5.40%


The global wheat germ oil market size is expected to reach USD 1,015.30 million by 2032, according to a new study by Polaris Market Research. The report “Wheat Germ Oil Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic, Conventional); By End-Use; By Distribution Channel; By Region; Segment Forecast, 2024 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Wheat germ oil is an oil extracted from the innermost part of wheat kernels, also known as the embryo. It is renowned for its outstanding nutritional content and is highly valued for its rich array of essential nutrients, including vitamin E, omega-3 and omega-6 fatty acids, as well as a diverse range of crucial minerals.

Wheat germ oil has widespread usage in the cosmetic and personal care sector. Due to its hydrating and nourishing characteristics, it is a common component in skincare and haircare products. It can often be found in lotions, creams, shampoos, and conditioners.

The demand for natural and organic products, such as wheat germ oil, has been on the rise in recent years. Consumers are now more interested in products that do not contain any synthetic additives or chemicals. This has greatly influenced the demand for natural and organic wheat germ oil.

Wheat germ oil serves as a vital source of nourishment and flavor in food products. The wheat germ oil market can benefit from the expansion of the food and beverage industry, particularly in the domains emphasizing health and well-being. The demand for natural and organic products has been increasing. Wheat germ oil is a popular source of natural and organic nutrients, which aligns with the growing preference for clean-label and chemical-free products.

The COVID 19 had a significant impact on the wheat germ oil market, during the early stages of the pandemic, there was a sudden increase in the demand for wheat germ and other health-conscious products. People were looking to boost their immune systems and maintain overall well-being, which led to a temporary surge in the production of wheat germ-based items such as supplements, bakery goods fortified with wheat germ, and wheat germ oil.

 However, as the pandemic unfolded and supply chain disruptions became more pronounced, the wheat germ market faced several challenges. Transportation bottlenecks, labor shortages, and disruptions in agricultural production impacted the availability of wheat germ and its derivatives. Furthermore, some consumers faced economic uncertainties, which influenced their purchasing behavior, causing a shift in preferences towards more affordable staple foods and potentially affecting the demand for premium wheat germ products.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective coronary stent devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for coronary stents throughout the forecast period.

Wheat Germ Oil Market Report Highlights

  • In 2022 the Organic segment held the largest revenue share. Organic wheat germ oil is produced without the use of herbicides, synthetic pesticides, or genetically modified organisms (GMOs). This is in line with the growing demand for clean and transparent options in the fields of nutrition and skincare.
  • The Nutritional Supplement Segment is experiencing significant growth in the forecast period. There is a growing awareness of the health benefits associated with wheat germ oil, which is known for its high levels of vitamin E. This powerful antioxidant helps to protect cells from damage caused by free radicals. As people become more knowledgeable about the nutritional value of wheat germ oil, they are including it in their diets as a dietary supplement. Wheat germ oil is a highly beneficial addition to one's diet due to its numerous health benefits.
  • In 2022, North America dominated the wheat germ oil market, with the United States leading in terms of revenue generation. Consumers in North America have been increasingly prioritizing their overall health and demonstrating a willingness to invest in products that provide significant nutritional benefits. Wheat germ oil, celebrated for its rich reserves of omega-3 fatty acids and antioxidants, perfectly aligns with these health-conscious preferences, leading to its widespread adoption within the region.
  • Europe has witnessed rapid growth, especially in its cosmetics industry. This expansion can be attributed to the presence of numerous renowned brands and an increasing emphasis on utilizing natural and organic ingredients. Notably, there is a significant surge in demand for wheat germ oil in Western European nations such as Germany and France, primarily due to its widespread usage in skincare products. Additionally, these countries benefit from well-established distribution networks and a high level of consumer awareness regarding the health advantages associated with wheat germ oil.
  • The global key market players include Agroselprom LLC, Aryan International, Bunge Limited, Cargill Inc., Gustav Heess GmbH, Hebei Jiafeng Plant Oils Co., Ltd., Henan Kunhua Biological Technology Co., Ltd., Inlife Pharma Pvt. Ltd, KUNHUA BIOLOGICAL TECHNOLOGY CO. LTD, NOW Foods, Nutriplex Formulas Inc., Shaanxi Bolin Biotechnology Co., Ltd., The J.M. Smucker Company, Vioblin Corporation

Polaris Market Research has segmented the wheat germ oil market report based on nature, end-use, distribution channel and region:

Wheat Germ Oil, nature Outlook (RevenueUSD Million, 2019 - 2032)

  • Organic
  • Conventional

Wheat Germ Oil, End-Use Outlook (RevenueUSD Million, 2019 - 2032)

  • Food and Beverages
  • Pharmaceuticals
  • Nutritional Supplements
  • Bakery
  • Others

Wheat Germ Oil, Distribution Channel Outlook (RevenueUSD Million, 2019 - 2032)

  • Online Retail
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Pharmacy and Drugstores

Wheat Germ Oil, Regional Outlook (Revenue – USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Wheat Germ Oil Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 666.61 Million

Revenue forecast in 2032

USD 1,015.30 Million

CAGR

5.40% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments Covered

By Nature, By End-Use, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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