Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 470.2 Million | USD 867.83 Million | 6.32% | 2024 |
The global wheat germ oil market size was worth around USD 470.2 Million in 2024 and is predicted to grow to around USD 867.83 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.32% between 2025 and 2034. The report analyzes the global wheat germ oil market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the wheat germ oil market.
The oil extracted from the germ that thrives on wheat kernels is called wheat germ oil. The living organism makes up to 2.5% of the total weight of the wheat kernel. The oil generated from the germs is a rich source of octacosanol which is a long chain & saturated primary alcohol made of 28-carbon. Octacosanol has created growing interest amongst researchers for its attributes related to physical performance-enhancing qualities. Wheat germ oil exhibits an extremely high content of vitamin E which is around 255 milligrams per 100 grams of the grain. This quantity is the highest amongst any other vitamin E-supplying sources that have not undergone vitamin fortification. When purchased in the form of cooking oil, it can be expensive and has a high perishable rate with a strong flavor.
Growing applications in the cosmetics industry to propel market demand
The global wheat germ oil market is anticipated to witness surging growth in the application of the product in the personal care and cosmetics segment which is one of the fastest-growing industries with billions of consumers. The beauty industry of Australia is growing at a high CAGR and currently employs more than 120,000 people with a revenue of AUD 8.4 billion, as of 2022. Growing population, consumer awareness, and higher accessibility to the products are major reasons for growth in the personal care segment. Wheat germ oil has incredible results when used over time. For instance, it is known to be a potent antioxidant. These are substances that can help the skin fight damages caused due to environmental aggressors like pollution and ultraviolet (UV rays), also called oxidative damage. Hence, antioxidants have gained a massive following amongst the end-consumers which has resulted in more demand for rich sources of these substances like wheat germ oil.
High cost to restrict market expansion
Wheat germ oil is expensive owing to the long extraction process involved during production. Although wheat is grown in huge quantities across the globe, sourcing raw materials may not be difficult. However, the production process makes use of cold-press technology without any exposure to light or oxygen to avoid deterioration of the important nutrients. These factors combined lead to an increase in the final cost of the product. Given the exceptional benefits and high demand, as a standard rule of the economy, the price of the product is always high to maintain a level of exclusivity amongst the population.
Growing applications in the pet industry to provide more growth opportunities
The global wheat germ oil market is projected to benefit from the increasing research and subsequent application of wheat germ oil in the pet industry, especially for dog care. Since wheat germ oil is highly rich in omega-3 which is a fatty acid that is capable of preventing stroke, and heart disease, amongst other medicinal benefits, they assist in keeping the animal health but have to be consumed under the guidance of qualified veterinarians. As the industry for animal care grows, the demand for wheat germ oil may be propelled toward new growth opportunities.
Side-effects associated with the oil to challenge market growth
Some people might be allergic to wheat germ oil and it is known to cause gas, diarrhea, dizziness, and nausea when consumed without proper medical consultation from the doctors. Hence, it is always recommended to contact a healthcare provider before consuming any external form of nutrients or medicines. Generally, doctors recommend 15 milligrams of wheat germ oil per day, however, every person has different requirements and overconsumption can lead to an upset stomach.
The global wheat germ oil market is segmented based on application, production, distribution, and region.
Based on application, the global market divisions are pharmaceuticals, feed industry, food & beverages, dietary supplement, cosmetics & personal care industry, and others. In 2021, the global market registered the highest returns in the cosmetics & personal care sector owing to growing research & development activities in this segment. As the demand for more inclusive forms of personal care grows owing to reasons like an increase in competition, and the emergence of domestic players providing excellent quality products, amongst other factors, the demand for wheat germ oil is projected to gain higher momentum. It has the property of acting as an exceptional hair moisturizer. When used with other carrier oils in a ratio of 10:1 (10 parts of carrier oil and 1 part of wheat germ oil), it is known to deliver excellent results.
Based on distribution, the global market is divided into business-to-customer, and business-to-business, with business-to-consumer leading with the highest global market share. The high CAGR is influenced by the higher use of products in the industries that directly cater to the needs of the general population like healthcare, personal care, dietary supplement, and others. Hence market players can directly create a relationship with the consumers instead. Many providers of hair care ranges use wheat germ oil in their products to increase the product value. The global hair conditioner market may reach a value of USD 10 million by 2028.
Report Attributes | Report Details |
---|---|
Report Name | Wheat Germ Oil Market |
Market Size in 2024 | USD 470.2 Million |
Market Forecast in 2034 | USD 867.83 Million |
Growth Rate | CAGR of 6.32% |
Number of Pages | 155 |
Key Companies Covered | CONNOILS LLC, Swanson Health Products, General Nutrition Centers Inc., VIOBIN USA, NOW Foods LLC, GNLD International LTD., Inlife Pharma Pvt. Ltd., Country Life, NutriPlex Formulas Inc., KUNHUA BIOLOGICAL TECHNOLOGY CO. LTD, Archer Daniels Midland Company, Henan Ingredients Group Co. Ltd., and others. |
Segments Covered | By Nature, By End Use, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to dominate market growth with surging numbers
The global wheat germ oil market is projected to grow with the highest CAGR in the Asia-Pacific market owing to the growing demand and adoption of personal care and cosmetic products in the regional market. The Asia-Pacific is currently witnessing a revolution in the personal care industry with a sudden emergence of large consumer groups that are willing to invest in personal care products. This trend can especially be observed in the Chinese and South Korean markets where skincare is one of the highest contributors to the national economy. The evolution of South Korean cosmetics and skin care products has helped Asia-Pacific emerge as a leading territory in this segment. Average per capita spending on skincare, in South Korea, has increased from USD 40 in 2016 to USD 82 in 2021. This rate is higher than the global average rate of USD 9.79.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the wheat germ oil market on a global and regional basis.
The global wheat germ oil market is dominated by players like:
By Application
By Production
By Distribution
By Region
FrequentlyAsked Questions
The global wheat germ oil market is expected to grow due to rising demand in cosmetics and personal care, growing health awareness for nutrient-rich supplements, increasing use in pharmaceuticals, and expansion of the functional food industry.
According to a study, the global wheat germ oil market size was worth around USD 470.2 Million in 2024 and is expected to reach USD 867.83 Million by 2034.
The global wheat germ oil market is expected to grow at a CAGR of 6.32% during the forecast period.
Asia-Pacific is expected to dominate the wheat germ oil market over the forecast period.
Leading players in the global wheat germ oil market include CONNOILS LLC, Swanson Health Products, General Nutrition Centers Inc., VIOBIN USA, NOW Foods LLC, GNLD International LTD., Inlife Pharma Pvt. Ltd., Country Life, NutriPlex Formulas Inc., KUNHUA BIOLOGICAL TECHNOLOGY CO. LTD, Archer Daniels Midland Company, Henan Ingredients Group Co. Ltd., among others.
The report explores crucial aspects of the wheat germ oil market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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