Ben oil is extracted from moringa oleifera seeds, basically known as the ben oil tree, horseradish tree or drumstick tree. The history of ben oil can be traced to Greece where ancient Greeks produced herbal and ben oils. The ben oil has various applications including pharmaceuticals and cosmetics industry. The ben oil is widely used for the production of perfume and skincare products. It has a shelf life of up to 5 years. The ben oil contains vitamin c, nutrients and antioxidants, which helps to protect skin from tissue damage as well as wrinkle problems. In addition, ben oil is used in food due to its rich content of proteins in sulfated amino acids, sterols and tocopherols, and high saturated fatty acids ratio. Moreover, ben oil also contains cytokinins that help in promoting cell growth and reduces skin aging problems.
Ben Oil Market: Dynamics
The key driving factor for the global ben oil market is the rapidly expanding cosmetics industry due to the increasing adoption of beauty and skincare products across the globe. The macroeconomic factor such as growing urbanization, the significant increase in per capita income and developing countries will help the global ben oil market to grow at a rapid rate over the forecast period. Moreover, considerable growth in the pharmaceuticals industry will create a significant opportunity for the global ben oil market, owing to its high demand for producing tablets. Furthermore, the robust growth in the food industry fuels the demand for ben oils to cook different types of cuisines. The usage of ben oil in technology and industry purposes to smoothen the sensitive instrument such as clocks, which help to aid high revenue share in the global ben oil market over the forecast period. The key restraining factor including stringent government regulations such as high trade tariffs, key regulations and compliance during manufacturing may hinder the global ben oil market growth over the forecast period.
The global ben oil market is segmented on the basis of sales channel, end-use industry type and region.
Based on end-use industry type, the global ben oil market is segmented as following:
Cosmetics Food and Beverages Pharmaceuticals Others (Chemical, Technology and etc.) Based on the sales channel type, the global ben oil market is segmented as followings:
E-commerce Offline The cosmetics industry is estimated to account for a significant market share over the forecast period due to the growing demand for ben oil to manufacture beauty products. On the other hand, among all sales channel segments, e-commerce is anticipated to see rapid market growth over the forecast period, attributed to growing online users across the globe.
Ben Oil Market: Regional Outlook
Based on geographies, the global ben oil market is segmented into seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among the above-mentioned countries, North America is estimated to account for a significant market share due to the high demand for ben oil to manufacture cosmetics products as well as tablets. Europe is anticipated to witness a high growth in the global ben oil market owing to the increasing demand for ben oil in food supplements and healthcare products. Moreover, APEJ is projected to showcase robust growth in global ben oil market due to rapidly rising e-commerce industry growth along with growing urban population across the region. Also, growing manufacturing facilities for medicines and cosmetics products in the APEJ region will help to gain high traction in the global ben oil market over the forecast period. MEA is one of the key ben-oil-producing regions that will create significant opportunity in the global ben oil market over the forecast period.
Prominent players for global ben oil market are Katyani Exports, AOS products Pvt. Ltd., Avi Naturals, Dawn Moringa, Kerfoot Group, Asili Natural Oils Limited (ANO), Jedwards International, Inc. and other key market players. Prominent market players are focusing on enhancing their sales channel to capture maximum market share in the global ben oil market. These companies are targeting the expansion of production and supply capacity of ben oil to increase its overall profitability.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
North America (U.S., Canada) Latin America (Mexico, Brazil, Argentina, Chile, Peru) Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe) CIS and Russia Asia-Pacific (China, India, ASEAN, South Korea) Japan Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel) The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint Report Analysis@ https://www.factmr.com/report/1794/ben-oil-market
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
