Plum Kernel Oil Market Size, Share, Growth, and Industry Growth, By Type (Genetically Modified and Non-Genetically Modified) By Application (Cosmetics/ Personal Care and Food), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Plum Kernel Oil Market REPORT OVERVIEW

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global plum kernel oil market size was USD  210 million in 2021 and market is projected to touch 351.97 Million by 2031, exhibiting a CAGR of  5.3% during the forecast period.

Plum kernel oil is a type of carrier oil extracted from the kernels (seeds) of plums. The oil is rich in oleic acid, linoleic acid, and vitamin E, making it a popular ingredient in skincare and haircare products. Plum kernel oil is believed to have moisturizing, nourishing, and anti-aging properties. It can be used to hydrate and soften the skin, reduce the appearance of fine lines and wrinkles, and protect the skin from damage caused by free radicals.

In haircare products, plum kernel oil can help to condition and strengthen the hair, leaving it soft, smooth, and shiny. It's important to note that while plum kernel oil has many potential benefits, it should be used in moderation and as part of a balanced skincare or haircare routine. As with any new product, it's always a good idea to perform a patch test before using it more widely to ensure that you don't have any adverse reactions.

COVID-19 Impact: Increased Focus on Selfcare Boosted Market Demand.

COVID-19 had a life changing impact globally. The global plum kernel oil market share was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for plum kernel oil experienced an increased demand.

The pandemic has disrupted global supply chains, causing shortages and price fluctuations for many raw materials, including some plant-based oils. The pandemic has resulted in a decrease in demand for cosmetic and personal care products, as people have spent more time at home and may have changed their priorities and spending habits. This has had a knock-on effect on the production and sales of plum kernel oil and other cosmetic ingredients.

However, on the other hand, the pandemic has also led to an increased focus on self-care and personal hygiene, which may have increased the demand for certain cosmetic products, including those containing plum kernel oil. Additionally, the pandemic has resulted in an increased interest in natural and plant-based skincare ingredients, which could benefit the market for plum kernel oil and other similar natural oils.

LATEST TRENDS

"Sustainable Sourcing to Benefit Market Prospects"

There is a growing interest in sustainable sourcing and production of plum kernel oil, with an emphasis on environmentally-friendly and socially-responsible practices. With a growing trend towards natural and organic skincare products, plum kernel oil is becoming more popular among consumers who are looking for natural alternatives to synthetic ingredients.

Recent studies have shown that plum kernel oil has potent antioxidant and anti-inflammatory properties, making it a promising ingredient in skincare products for reducing inflammation and protecting the skin against oxidative stress. Plum kernel oil is being incorporated into a wider range of skincare and haircare products, including moisturizers, serums, hair masks, and shampoos. These latest developments are anticipated to boost the global market share of plum kernel oil market share.

Plum Kernel Oil Market SEGMENTATION

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• By Type

Based on type, the market is divided into genetically modified and non-genetically modified.

• By Application

Based on application, the market is bifurcated into cosmetics/ personal care and food.

DRIVING FACTORS

"Nutritional and Cosmetic Benefits to Boost Market Share"

Plum kernel oil is rich in vitamins and essential fatty acids, making it a popular ingredient in skincare and haircare products. It has moisturizing and nourishing properties that can help to hydrate and protect the skin and hair, and is often used in anti-aging formulations. As consumers become more health-conscious, they are paying more attention to the ingredients in the products they use. Plum kernel oil is considered a natural and healthy ingredient that can contribute to overall personal health and wellness.

"Growing Demand for Organic Skincare to Boost Market Size"

There is a growing trend towards natural and organic skincare products, and plum kernel oil is a popular ingredient in such products due to its natural origin and beneficial properties. As consumers become more interested in natural and sustainable ingredients, plum kernel oil is becoming more popular as a plant-based alternative to synthetic ingredients. Its environmentally-friendly and socially-responsible production and sourcing practices are also appealing to consumers who are interested in eco-friendly and socially responsible products. These driving factors are anticipated to boost the global plum kernel oil market share.

RESTRAINING FACTORS

"Consumer Preference to Hamper Market Share"

While many consumers are looking for natural and organic ingredients in their skincare products, some may have specific preferences or concerns that make plum kernel oil less appealing to them. Plum kernel oil is not as widely available as some other oils, which can limit its use and availability in certain markets and regions. The cost of plum kernel oil can be higher compared to other oils, which can make it less accessible to consumers who are looking for lower-priced options. These factors can hamper the global plum kernel oil market share.

Plum Kernel Oil Market REGIONAL INSIGHTS

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"Europe Dominates the Plum Kernel Oil Market"

Europe is the major shareholder for the global plum kernel oil market share. The climate in Europe is well-suited for the cultivation of plum trees, which are the source of the kernels used to produce plum kernel oil. Second, Europe has a long history of using natural ingredients in cosmetics and personal care products. Plum kernel oil is a natural and plant-based ingredient that has been used in traditional European skincare for centuries, and this heritage has helped to drive its popularity in modern skincare formulations. North America is the second major shareholder for global plum kernel oil market share.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position. 

List of Market Players Profiled

• The Kerfoot Group [U.K.]
• Henry Lamotte Oils GmbH [Germany]
• Fragrant Earth Organics [U.K.]
• Akoma Skincare [U.K.]
• Paradigm Science Inc [U.S.]
• AllNut [India]
• Biocomethic [France]
• Avena Herbal Products [U.K.]
• Huiles Bertin [France]
• Dr. Adorable Inc. [U.S.]
• Paras Perfumers [India]
• Natural Sourcing LLC [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.