Carica Papaya Seed Oil Market - Global Industry Analysis

Carica Papaya Seed Oil Market By Type (Origin Type, Refined type), By Application (Medicinal/skin care, Cosmetics, Chemical, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 10-May-2022 Category: Food & Beverage Report Format : PDF Pages: 153 Report Code: ZMR-2300 Status : Published

The global carica papaya seed oil market was worth around USD 143.2 million in 2021 and is estimated to grow to about USD 257.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.3 percent over the forecast period.

Description

Industry Prospective:

The global carica papaya seed oil market was worth around USD 143.2 million in 2021 and is estimated to grow to about USD 257.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.3 percent over the forecast period. The report analyzes the Carica Papaya Seed Oil market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Carica Papaya Seed Oil market.

Carica Papaya Seed Oil Market: Overview

Carica Papaya Seed Oil is the oil extracted from seeds of papaya fruit and since this oil is rich in antioxidants such as vitamins E and A along with omega 9 essential fatty acids it has found the scope of application in multiple cosmetic and personal care products. Increasing demand for organic and natural ingredient based products for personal care are anticipated to boost the Carica papaya seed oil market potential over the forecast period.

Benefits of Carica papaya seed oil such as glowing skin, good hair health, moisturization, elasticity, regeneration of skin, etc are propelling its use in cosmetic and personal care products and hence will be major drivers for the carica papaya seed oil market through 2028.

However, the lack of awareness about the aforementioned benefits is anticipated to have a hampering effect on the global carica papaya seed oil market potential.  

Global Carica Papaya Seed Oil Market

COVID-19 Impact:

The COVID-19 pandemic led to a drop in sales of carica papaya seed oil products owing to multiple factors. The spread of coronavirus led to nationwide lockdowns across the world which made manufacturing and distribution activities very hard to tackle and hence this had a negative impact on carica papaya seed oil market growth in this era.

Shortage of raw materials shut down of manufacturing facilities and inadequate availability of end use application verticals are some other trends that constrained carica papaya seed oil market potential in the pandemic era of 2020.

The carica papaya seed oil market is expected to make a good comeback in the post-pandemic era as the world returns to normal. Lifting of lockdown restrictions will further bolster the demand for the carica papaya seed oil market and hence see god growth trend through 2028

Carica Papaya Seed Oil Market: Growth Drivers

Increasing Use in Cosmetics and Personal Care Products

The use of personal care products and cosmetics has increased substantially in the past few years and this trend has increased the demand for multiple ingredients. Increasing consumer preference for natural and organic products will further bolster the demand for carica papaya seed oil over the forecast period. Increasing awareness about the benefits of the use of carica papaya seed oil are also expected to positively impact the carica papaya seed oil market potential in the coming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Carica Papaya Seed Oil Market: Restraints

Lack of awareness for benefits of Carica papaya seed oil

The use of carica papaya seed oil is restricted by the lack of awareness among consumers which will lead to a negative impact on the carica papaya seed oil market potential over the forecast period. Carica papaya seed oil companies are adopting various marketing strategies to spread awareness and drive their sales to funnel and increase revenue generation capacity.

Global Carica Papaya Seed Oil Market: Segmentation

The global Carica Papaya Seed Oil market is segregated based on type, application, and region.

By Type, the market is divided into origin type and refined type. The origin type segment is anticipated to see high demand owing to rising preference for natural products without additives or processing.  

By Application, the Carica Papaya Seed Oil market is segmented into Medicinal/skin care, Cosmetics, Chemical, and Others. The medicinal and skincare segment is anticipated to be the dominant segment over the forecast period.  

Regional Landscape

Asia Pacific region leads the global Carica Papaya Seed Oil market in terms of demand and this can majorly be attributed to high demand from the nation of India and China. India is a leading producer of carica papaya seed oil and hence this is expected to make it one of the most lucrative markets for carica papaya seed oil manufacturers. Increasing awareness for personal care and rising demand for natural and organic products are major trends propelling the demand for carica papaya seed oil in this region. Japan and China are anticipated to be the most revenue intensive markets and hence carica papaya seed oil manufacturers and suppliers can gain massive benefits from these markets.

The market for Carica Papaya Seed Oil in North America and Europe is anticipated to be highly beneficial owing to the rising demand for natural skin care products.

Competitive Landscape

Some of the main competitors dominating the global Carica Papaya Seed Oil market include - Parchem Fine & Specialty Chemicals Cosmark Pty Ltd., Grenera Nutrients Private Limited, Dupert Y Compania Limitada, Aromatic Ltd., Katyani Exports, Lotus Garden Botanicals, R K Products, Suyash Herbs Exports Private Limited, Augustus Oils Limited, Botanical Beauty.

Global Carica Papaya Seed Oil market is segmented as follows:

By Type

  • Origin Type
  • Refined Type

By Application

  • Medicinal/skin care
  • Cosmetics
  • Chemical
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Carica Papaya Seed Oil Market, (2022 - 2028) (USD Million)
    • 2.2 Global Carica Papaya Seed Oil Market : snapshot
  • Chapter 3. Global Carica Papaya Seed Oil Market - Industry Analysis
    • 3.1 Carica Papaya Seed Oil Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Use in Cosmetics and Personal Care Products
    • 3.3 Market Restraints
      • 3.3.1. Lack of awareness for benefits of Carica papaya seed oil
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Carica Papaya Seed Oil Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Carica Papaya Seed Oil Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Carica Papaya Seed Oil Market - Type Analysis
    • 5.1 Global Carica Papaya Seed Oil Market overview: By Type
      • 5.1.1 Global Carica Papaya Seed Oil Market share, By Type, 2021 and 2028
    • 5.2 Origin Type
      • 5.2.1 Global Carica Papaya Seed Oil Market by Origin Type, 2022 - 2028 (USD Million)
    • 5.3 Refined Type
      • 5.3.1 Global Carica Papaya Seed Oil Market by Refined Type, 2022 - 2028 (USD Million)
  • Chapter 6. Global Carica Papaya Seed Oil Market - Application Analysis
    • 6.1 Global Carica Papaya Seed Oil Market overview: By Application
      • 6.1.1 Global Carica Papaya Seed Oil Market share, By Application, 2021 and 2028
    • 6.2 Medicinal/skin care
      • 6.2.1 Global Carica Papaya Seed Oil Market by Medicinal/skin care, 2022 - 2028 (USD Million)
    • 6.3 Cosmetics
      • 6.3.1 Global Carica Papaya Seed Oil Market by Cosmetics, 2022 - 2028 (USD Million)
    • 6.4 Chemical
      • 6.4.1 Global Carica Papaya Seed Oil Market by Chemical, 2022 - 2028 (USD Million)
    • 6.5 Others
      • 6.5.1 Global Carica Papaya Seed Oil Market by Others, 2022 - 2028 (USD Million)
  • Chapter 7. Carica Papaya Seed Oil Market - Regional Analysis
    • 7.1 Global Carica Papaya Seed Oil Market Regional Overview
    • 7.2 Global Carica Papaya Seed Oil Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Carica Papaya Seed Oil Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Carica Papaya Seed Oil Market, by Type, 2022 - 2028
      • 7.4.1 North America Carica Papaya Seed Oil Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 North America Carica Papaya Seed Oil Market, by Application, 2022 - 2028
      • 7.5.1 North America Carica Papaya Seed Oil Market, by Application, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Carica Papaya Seed Oil Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Carica Papaya Seed Oil Market, by Type, 2022 - 2028
      • 7.4.1 Europe Carica Papaya Seed Oil Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Europe Carica Papaya Seed Oil Market, by Application, 2022 - 2028
      • 7.5.1 Europe Carica Papaya Seed Oil Market, by Application, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Carica Papaya Seed Oil Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Carica Papaya Seed Oil Market, by Type, 2022 - 2028
      • 7.4.1 Asia Pacific Carica Papaya Seed Oil Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Carica Papaya Seed Oil Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Carica Papaya Seed Oil Market, by Application, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Carica Papaya Seed Oil Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Carica Papaya Seed Oil Market, by Type, 2022 - 2028
      • 7.4.1 Latin America Carica Papaya Seed Oil Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Latin America Carica Papaya Seed Oil Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Carica Papaya Seed Oil Market, by Application, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Carica Papaya Seed Oil Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Carica Papaya Seed Oil Market, by Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Carica Papaya Seed Oil Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Carica Papaya Seed Oil Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Carica Papaya Seed Oil Market, by Application, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Parchem Fine & Specialty Chemicals Cosmark Pty Ltd.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Grenera Nutrients Private Limited
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Dupert Y Compania Limitada
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Aromatic Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Katyani Exports
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Lotus Garden Botanicals
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 R K Products
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Suyash Herbs Exports Private Limited
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Augustus Oils Limited
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Botanical Beauty.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Carica Papaya Seed Oil Market attractiveness, By Type
  • 6. Global Carica Papaya Seed Oil Market attractiveness, By Application
  • 7. Global Carica Papaya Seed Oil Market share by Type, 2022 and 2028 (USD Million)
  • 8. Global Carica Papaya Seed Oil Market by Origin Type, 2022 - 2028 (USD Million)
  • 9. Global Carica Papaya Seed Oil Market by Refined Type, 2022 - 2028 (USD Million)
  • 10. Global Carica Papaya Seed Oil Market share by Application, 2022 and 2028 (USD Million)
  • 11. Global Carica Papaya Seed Oil Market by Medicinal/skin care, 2022 - 2028 (USD Million)
  • 12. Global Carica Papaya Seed Oil Market by Cosmetics, 2022 - 2028 (USD Million)
  • 13. Global Carica Papaya Seed Oil Market by Chemical, 2022 - 2028 (USD Million)
  • 14. Global Carica Papaya Seed Oil Market by Others, 2022 - 2028 (USD Million)
  • 15. Global Carica Papaya Seed Oil Market share, by Region, 2022 and 2028
  • 16. North America Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
  • 17. Europe Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
  • 18. Asia Pacific Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
  • 19. Latin America Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)
  • 20. The Middle-East and Africa Carica Papaya Seed Oil Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Carica Papaya Seed Oil Market: Snapshot
  • 2. Drivers of the Carica Papaya Seed Oil Market: impact analysis
  • 3. North America Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 4. North America Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 5. U.S. Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 6. U.S. Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 7. Canada Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 8. Canada Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 9. Europe Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 10. Europe Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 11. Germany Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 12. Germany Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 13. France Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 14. France Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 15. U.K. Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 16. U.K. Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 17. Italy Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 18. Italy Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 19. Spain Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 20. Spain Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 25. China Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 26. China Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 27. Japan Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 28. Japan Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 29. India Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 30. India Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 31. South Korea Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 32. South Korea Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 33. South-East Asia Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 34. South-East Asia Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 37. Latin America Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 38. Latin America Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 39. Brazil Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 40. Brazil Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 41. Mexico Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 42. Mexico Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 47. GCC Countries Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 48. GCC Countries Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 49. South Africa Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 50. South Africa Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Carica Papaya Seed Oil Market revenue, By Type, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Carica Papaya Seed Oil Market revenue, By Application, 2022 - 2028 (USD Million)

Methodology

Free Analysis

Carica papaya seed oil is oil extracted from papaya fruit seeds. Papaya oil is used as an anti-aging skin care agent. Papaya is a fruit of sweet taste with slightly musky flavor and soft consistency. The oil present in papaya seed is used in beauty and health agents as an important ingredient. As papaya seed oil exhibits high oleic acid content it can be also used as stable cooking oil.

Carica papaya seed oil acts as a strong antioxidant due to the high content of tocopherols and carotenoids. With a considerable amount of Vitamin C, the oil offers certain benefits of skin health such as improved skin elasticity, reduced wrinkles, and regeneration of skin cells. In addition, it also has hair care application. Papaya seed oil helps to retain elasticity and moisture of hair and add shine, sparkle, and silkiness to hair.

Increasing population and household income, improved standard of living, changing consumer preferences, increased use of organic and natural products for skin and hair care are the important factors that are driving the global carica papaya seed oil market. However, the lack of awareness about the benefits of carica papaya seed oil, especially among the consumers in the Asia Pacific and South America region may restrain the growth of the carica papaya seed oil market.

Global Carica papaya seed oil Market

Based on the application of carica papaya seed oil the market can be segmented into medicinal/skin care, cosmetics, chemical, and others; wherein the cosmetics segment is expected to experience the highest growth rate during the forecast period. This is due to growing awareness among people about personal grooming.

By geography, North America accounted for the largest portion of market share in terms of revenue in 2017 and is expected to grow at a moderate CAGR during the forecast period. The industry is expected to be driven by the growing disposable income, steady economic conditions, modern lifestyles, and high consumer spending on beauty products. In terms of revenue, North America was followed by Europe and the Asia Pacific in 2017.

Top companies in the global carica papaya seed oil market are Katyani Exports, Parchem Fine & Specialty Chemicals, Cosmark Pty Ltd., Grenera Nutrients Private Limited, Dupert Y Compania Limitada, Aromatic Ltd., Suyash Herbs Exports Private Limited, Lotus Garden Botanicals, R K Products, Augustus Oils Limited, and Botanical Beauty. Due to Innovations in oil extraction technologies and changing consumer preferences, vendors are expected to compete with each other for launching more innovative products during the forecast period.

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FrequentlyAsked Questions

Increasing demand from personal care industry and rising use in cosmetic products are major trends that guide Carica Papaya Seed Oil market growth.

According to the Market Research report, the global Carica Papaya Seed Oil market was worth about US$ 143.2 million in 2021 and is predicted to grow to around US$ 257.8 million by 2028, with a compound annual growth rate (CAGR) of around 10.3 percent.

The Asia Pacific leads the global market landscape in terms of revenue and volume share at present. Emerging countries such as India and China are predicted to be the Asia Pacific region's fastest-expanding Carica Papaya Seed Oil markets.

Some of the main competitors dominating the global Carica Papaya Seed Oil market include -- Parchem Fine & Specialty Chemicals Cosmark Pty Ltd., Grenera Nutrients Private Limited, Dupert Y Compania Limitada, Aromatic Ltd., Katyani Exports, Lotus Garden Botanicals, R K Products, Suyash Herbs Exports Private Limited, Augustus Oils Limited, Botanical Beauty.

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