About Mink Oil
Mink oil is a by-product of fur farming that is rendered from the insulating fatty layer under the skin of minks. It is broadly utilized in surface-level items, particularly in Europe, and furthermore shows up in creams intended for shoe care. Various cases are made about the advantages of this oil, yet it basically acts to saturate and ensure the skin. Normal utilization of cream will keep skin smoother, better, and less inclined to harm. Mink oil contains roughly 17% palmitoleic acid, a fundamental unsaturated fat that is likewise delivered in the human body. Palmitoleic acid is utilized by the body to saturate and grease up the skin, and for those with dry skin, and outside wellspring of this acid can be helpful. Numerous dietary enhancements additionally contain it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
The main organizations are collaborating with domestic organizations to catch new locales and increase their areas of business. Also, organizations to avail competitive advantages are creating awareness about the mink oil and by fulfilling all the government conditions run their business at their own regions and internationally. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Mink Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Touch of Mink (United States), Spec Environment solution (Canada), PFAU Oil (United States), Fitohim farm LLC (Ukraine), AILI Inc. (Japan), MOsselman (Europe), Original Mink Oil (United States), C.A. Zoes Mfg Co. (United States), S.C. Johnson & Son (United States) and Mitchelle (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Spectrum Chemicals Mfg Corp (United States) and Walgreens (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mink Oil market by Type (Low Grade and Premium Grade), Application (Leather Durrant, Animal Feed Additives, Cosmetics & Personal Care and Other) and Region.
On the basis of geography, the market of Mink Oil has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increased application of mink oil in different industries and The rise in demand for skincare products
Market Growth Drivers:
Extensive use of mink oil in the cosmetics industry and Rise in awareness regarding fatty acids derived from animals
Challenges:
Increase the market for mink oil for future growth and Reduce the pressure on cosmetic corporations of animal welfare organizations
Restraints:
Mink oil can spoil and turn rancid in poor conditions. This spoilage can leave behind an unseemly odor and Animal Welfare Policies Laid Down by Various Governments
Opportunities:
With changing lifestyles and modernization, the growing cosmetic industry increases the demand for mink oil and Governments across the world to promote the import of mink oil
Market Leaders and their expansionary development strategies
In January 2024, Spire and KC Water are partnering on Kansas City, Missouri's first renewable natural gas (RNG) facility, a project that will capture methane emissions from the wastewater treatment process to generate renewable energy.
In November 2023, Busch Introduced New Generation of Small MINK MM. The new MINK MM 0182 / 0142 / 0104 / 0084 A are improved versions of the proven MINK MM 1142 / 1102 /1144 / 1104 BV. Despite being approximately 15% lighter in weight, they are just as robust and offer the same performance as their predecessors.
Eurogroup for Animals is an animal protection lobby group based in Brussels, Belgium that seeks to improve animal welfare standards in the European Union. They imposed regulations for animals slaughtering and delivering animal-based products may affect mink oil production.
Key Target Audience
Industrial Associations, Cosmetic Companies, Government Regulatory Bodies and Government Research Institutions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.