What is Ben Oil Market Scope?
The global Ben Oil market is expected to witness high demand in the forecasted period due to the rise in adoption in the beauty industry across the globe. Ben oil is pressed from the seeds of the Moringa oleifera, known variously as the horseradish tree, ben oil tree, or drumstick tree. The oil is popular for its long shelf life. The growing cosmetic industry across the globe will act as a driver of the market. African enterprises have arrived at the market for the ben oil market. For example, from South Africa. Additionally, in health and wellness trends, Western consumers gradually prefer cosmetics with ingredients derived from plants, rather than mineral oil. India is the major producer of Moringa (Drumstick) with an annual production of 2.2 million tonnes of tender fruits from an area of 43,600 ha leading to the productivity of around 51 tonnes per ha. Moreover, it can say that India dominates the current global market and meets more than 80% of global demand.
The Ben Oil market study is being classified by Type (Organic Oil and Common Oil) and major geographies with country level break-up. According to AMA, the Global Ben Oil market is expected to see growth rate of 8.9%
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from Asian will contribute to the maximum growth of Global Ben Oil market throughout the predicted period.
Katyani Exports (India), AOS products Pvt. Ltd. (India), Avi Naturals (India), Dawn Moringa (India), Kerfoot Group (United Kingdom), Asili Natural Oils Limited (ANO) (India) and Jedwards International, Inc (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Ben Oil market by Type, Application and Region.
On the basis of geography, the market of Ben Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020.
Influencing Market Trend
- The growing health & wellness trend across the globe
- The rising disposable income
- The increasing demand for natural ingredients in the beauty industry
- The growing adoption in the skin as well as personal care space
- The innovative product and attractive promotional activities
- The increasing demand from the pharmaceuticals industry
- The concern related to allergies for some people
- The stringent government regulation regarding skincare products
- The stringent government regulations regarding the export of moringa
Key Target AudienceManufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Ben Oil market expands?
The Global Ben Oil market is expected to see a growth of 8.9% during projected year 2020 to 2026.
2. Who are the prominent players of the Global Ben Oil market?
The prominent players of Global Ben Oil market are Katyani Exports (India), AOS products Pvt. Ltd. (India), Avi Naturals (India), Dawn Moringa (India), Kerfoot Group (United Kingdom), Asili Natural Oils Limited (ANO) (India) and Jedwards International, Inc (United States), to name a few.
3. What are the top priorities to focus for Ben Oil marketís growth?
In this highly competitive & fast evolving Ben Oil industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.