Global Plum Seed Oil Market Size By Type (Type I, Type II), By Application (Application I, Application II), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 37508 | Published Date: Dec 2024 | No. of Pages: | Base Year for Estimate: Dec 2024 | Format:
The Global Plum Seed Oil Market was valued
at USD 155 million in 2023 and is projected to reach USD 275 million by 2031,
growing at a CAGR of 6.9% during the forecast period of 2023 to 2031. Plum seed
oil, extracted from the seeds of plums, is gaining traction in the cosmetics
and personal care industries due to its rich antioxidant properties and high
levels of fatty acids. This oil is known for its ability to deeply moisturize
and nourish the skin, making it a preferred ingredient in natural and organic
skincare products. The increasing consumer shift towards natural and organic
products is a major driver of the plum seed oil market.
Market Drivers:
Rising Consumer Demand for Natural and
Organic Products: Growing awareness about the harmful effects of synthetic
chemicals in personal care products is driving consumers to seek natural
alternatives, such as plum seed oil.
Expanding Cosmetics and Personal Care
Industry: The global cosmetics industry is witnessing robust growth, and plum
seed oil's beneficial properties are increasing its demand as a key ingredient.
Increased Focus on Sustainable and
Eco-Friendly Products: Plum seed oil is perceived as a sustainable ingredient,
aligning with the growing trend of eco-conscious consumerism.
Market Restraints:
High Production Costs: The extraction
process of plum seed oil is expensive, contributing to higher retail prices,
which may limit its adoption in cost-sensitive regions.
Limited Awareness in Emerging Markets:
Although plum seed oil is well-known in developed markets, its benefits are
less recognized in emerging markets, limiting market penetration.
Market Opportunity:
Increasing Application in Hair Care
Products: Plum seed oil's lightweight texture and nourishing properties make it
an ideal ingredient for hair care products, offering significant growth
potential in this segment.
Growing Demand in Organic Food and Beverage
Products: There is potential for plum seed oil to expand beyond cosmetics into
the food and beverage industry as a gourmet oil due to its antioxidant-rich
profile.
Market
by System Type Insights:
Based on system type, the Cold-Pressed Plum
Seed Oil segment accounted for the largest market share in 2023. Cold-pressed
extraction retains the oil’s nutrient profile, making it a preferred choice for
premium cosmetic formulations. The Refined Plum Seed Oil segment is expected to
witness significant growth, driven by its use in cost-effective personal care
products.
Market by End-Use Insights:
The Cosmetics and Personal Care segment
dominated the market in 2023, holding over 60% of the market share. The demand
for natural ingredients in skincare and hair care products is fueling the
growth of this segment. Food and Beverage is another emerging segment, where
plum seed oil is being marketed as a gourmet oil for its flavor and health
benefits.
Market
by Regional Insights:
In terms of regional insights, North
America led the market in 2023 due to the strong demand for natural and organic
products. Europe is projected to witness substantial growth, driven by the high
demand for clean beauty products. The Asia-Pacific region is expected to
register the fastest growth during the forecast period due to increasing
consumer awareness and growing disposable income.
Competitive
Scenario:
Key players operating in the Global Plum
Seed Oil Market include Le Prunier, Henry Lamotte Oils GmbH, Cotswold Gold,
Naissance Trading, and O&3 Ltd. These companies are focusing on product
innovation and strategic partnerships to strengthen their market presence.
Scope
of Work – Global Plum Seed Oil Market
Report
Metric |
Details |
Market Size (2023) |
USD 155 million |
Projected Market Size (2031) |
USD 275 million |
CAGR (2023-2031) |
6.9% |
Key Segments by System Type |
Cold-Pressed, Refined |
Key Segments by End-Use |
Cosmetics & Personal Care, Food &
Beverage |
Leading Region |
North America |
Key Players |
Le Prunier, Henry Lamotte Oils GmbH,
Cotswold Gold, Naissance Trading, O&3 Ltd |
Key
Market Developments:
2023: Le Prunier launched a new range of
organic plum seed oil-based skincare products targeting the luxury beauty
market.
2024: Naissance Trading expanded its
cold-pressed plum seed oil production capacity to meet rising demand from the
cosmetics industry.
2025: Henry Lamotte Oils GmbH entered into
a strategic partnership with a leading natural skincare brand to supply
cold-pressed plum seed oil for premium product lines.
FAQs:
What is the current market size of the
Global Plum Seed Oil Market?
The Global Plum Seed Oil Market was valued
at USD 155 million in 2023.
What is the major growth driver of the
Global Plum Seed Oil Market?
The major growth driver is the rising
consumer demand for natural and organic products in cosmetics and personal
care.
Which is the largest region during the
forecast period in the Global Plum Seed Oil Market?
North America is the largest region in the
market, driven by high demand for organic and natural skincare products.
Which segment accounted for the largest
market share in the Global Plum Seed Oil Market?
The Cold-Pressed Plum Seed Oil segment
accounted for the largest market share in 2023.
Who are the key market players in the
Global Plum Seed Oil Market?
Key market players include Le Prunier,
Henry Lamotte Oils GmbH, Cotswold Gold, Naissance Trading, and O&3 Ltd.
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