According to the report, the global carica papaya seed oil market was valued at around USD 148 million in 2017 and is expected to reach approximately USD 245 million by 2023, growing at a CAGR of 10.45% between 2018 and 2023.
New York, NY, May 22, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Carica Papaya Seed Oil Market by Application (Medicinal/skin care, Cosmetics, Chemicals, and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2023”. According to the report, the global carica papaya seed oil market was valued at around USD 148 million in 2017 and is expected to reach approximately USD 245 million by 2023, growing at a CAGR of 10.45% between 2018 and 2023.
Carica papaya seed oil is a type of organic oil, extracted from edible nutritious seeds of papaya. It is very useful for reducing acne scars, rejuvenating skin, and brightening skin. Carica papaya seed oil is rich in minerals, vitamin E, A & C, essential fatty acids, pantothenic, and alpha hydroxyl.
Browse through 13 Tables & 18 Figures spread over 153 Pages and in-depth TOC on “Global Carica Papaya Seed Oil Market Research Report 2018: Industry Size, Share, Trends and Forecast, 2023”.
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The global carica papaya seed oil market is expected to witness significant growth within the forecast period. The market is mainly driven by the increasing acceptance of personal grooming products, the growing trend of herbal and ayurvedic cosmetics coupled with natural therapies, and rapidly evolving processed food industry. However, the easy availability and extensive popularity of substitute products compare to papaya seed oil is the key restraining factor for the market growth.
On the basis of carica papaya seed oil application, the market can be classified into medicinal/skin care, cosmetics, chemical, and others. In terms of revenue, medicinal/skin care segment accounted the maximum share of the overall market in 2017. Cosmetics segment is another major segment and is projected to grow at a moderate CAGR during the forecast period.
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The North America carica papaya seed oil market is expected to exhibit significant growth during the forecast period. This is mainly due to the continuously evolving cosmetics market and increasing consumer spending coupled with rising acceptance of natural hair and skin care products.
Europe is another major market after Asia Pacific and is anticipated to witness extensive growth during the forecast period. Growing awareness among people about the importance of a healthy lifestyle and increasing use of papaya oil for manufacturing cosmetic products are the factors that will boost the growth of the carica papaya seed oil market in the region during the forecast period.
Browse the full “Carica Papaya Seed Oil Market by Application (Medicinal/skin care, Cosmetics, Chemicals, and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2023” report at https://www.zionmarketresearch.com/report/carica-papaya-seed-oil-market
Asia Pacific is the global leader in terms of production of carica papaya seed oil. Growing concerns about health, increasing use of herbal and natural cosmetic products, improved standard of living, and rising demand for personal care products are the factors that are anticipated to boost the growth of the carica papaya seed oil market in the region during the forecast period.
The Latin America carica papaya seed oil market is expected to witness moderate growth in the near future. Growing number of skin related problems is expected to boost the demand of carica papaya seed oil in Latin America during the forecast period.
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The Middle East and Africa carica papaya seed oil market are expected to grow at a modest rate during the forecast period. Women in the region traditionally use different types of natural oils as a moisturizer and cleanser for healthy skin. This, in turn, is expected to boost the demand of carica papaya seed oil in the region during the forecast period.
The global carica papaya seed oil market is consolidated, with the key players accounting for a majority of the market share in 2017. The major companies in global carica papaya seed oil market are 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, and Botanical Beauty.
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This report segments the global Carica papaya seed oil market as follows:
Global Carica Papaya Seed Oil Market: Application type Segment Analysis
- Medicinal/skin care
Global Carica Papaya Seed Oil Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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