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Macadamia Oil Market Research Report by Category (Refined and Cold Pressed), by Nature (Organic and Conventional), by End User (Commercial, Industrial, and Residential), by Application (Food & Beverages and Personal Care), by Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
Market Report I 2024-12-15 I 228 Pages I Market Research Future
Macadamia Oil Market Research Report by Category (Refined and Cold Pressed), by Nature (Organic and Conventional), by End User (Commercial, Industrial, and Residential), by Application (Food & Beverages and Personal Care), by Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
Market Overview
In 2023, the Macadamia Oil Market Size was estimated to be USD 196.94 million. During the forecast period (2024-2032), the Macadamia Oil market industry is anticipated to experience a compound annual growth rate (CAGR) of 5.15%, increasing from USD 207.26 million in 2024 to USD 309.79 million. Key market drivers that are driving the growth of the Macadamia Oil market include the increasing demand for healthful edible oil and the surge in applications in cosmetics and personal care products.
There has been a significant increase in the popularity of macadamia oil in the cosmetics and skincare industries. Macadamia oil is becoming more prevalent in skincare products, including moisturizers, serums, and hair care formulations, due to its rich fatty acid profile and nourishing properties. The oil's prevalence as a natural ingredient in personal care and beauty products is attributed to its capacity to hydrate and soften the skin. Consumers are increasingly choosing macadamia oil as a healthier culinary oil substitute in response to the increasing emphasis on health and wellness. It is an appealing choice for individuals who are in search of nutritious cooking oils due to its high monounsaturated fat content and prospective heart-healthy benefits. This trend is consistent with the broader consumer preference for functional nutrients that enhance overall well-being. Ethical and Sustainable Practices: The macadamia oil industry has adopted sustainability as a critical trend.
Market segment insights
The Macadamia Oil Market is segmented into refined and cold-pressed products based on category.
Organic and conventional are the two categories that comprise the Macadamia Oil Market segmentation, as determined by nature.
Based on application, the Macadamia Oil Market segmentation comprises personal care and food & beverage.
The Macadamia Oil Market segmentation is categorized into residential, commercial, and industrial segments, depending on the end user's mode of consumption.
The Macadamia Oil Market segmentation is divided into B2B and B2C based on the mode of distribution channel.
Regional Perspectives
The study offers market insights into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa by region.
Additionally, the macadamia oil market is expected to generate profitable opportunities in the years ahead due to the heightened production of macadamia nuts, which are utilized to extract macadamia oil throughout the region. For example, the United States Department of Agriculture reports that Hawaii's macadamia nut utilized production for 2019-2020 increased by 15% from the previous season to 40.7 million pounds (net, wet-in-shell basis).
The substantial consumer demand for products is the primary factor contributing to Europe's anticipated acquisition of the second-largest market share. The market value of Europe was USD 49.42 million in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 4.62% during the forecast period to USD 77.10 million in 2032. The UK maintains a substantial market share in the Macadamia oil market because of the numerous policies implemented by the major actors to increase the production of macadamia, from which macadamia oil is extracted. This oil is subsequently integrated into a diverse array of applications.
The primary players in the market
Cargill Incorporated (United States), Croda International Plc (United Kingdom), Gustav Heess GmbH (Germany), Marquis Macadamias Ltd (Australia), International Flavors & Fragrances Inc. (United States), All Organic Treasures GmbH (Germany), Jindilli Inc. (United States), Plenty Foods Pty Ltd (Australia), Nambucca Macnuts Pty Ltd. (Australia), and Mosselman S.A. (Belgium) are the primary players in the Macadamia Oil Market.
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