About Carrot Seed Oil
Carrot seed oil is an essential oil that is extracted from seeds of the carrot plant Daucus carota by using methods like steam distilled or cold-pressed extractions. The oil is woody, earthy, and has a yellow to pale orange-brown in color and sweet smell. It is widely used in the manufacturing of cosmetics or skincare products due to its anti-aging properties. Further, the carrot seed oil extracted from wild carrots is utilized to treat kidney problems, worm infestations, diarrhea, indigestion, and many more health problems. The growing popularity of Korean beauty products will create significant opportunities for carrot seed oil as it is used as an essential ingredient in the production of their beauty products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Carrot Seed 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.
India Essential Oils (India), Mountain Rose Herbs (United States), SVA Organic (India), Now Foods (United States), Albert Vieille (France), Ultra International B.V. (Netherlands), PerfumersWorld (Thailand), Floral Essential Oils (India), Rakesh Sandal Industries (India), Berje Inc. (United States), Otto Chemie Pvt Ltd (India), John Aromas (India), Robertet Group (France), Cathy's Attars (United States), Piping Rock (United States), Kamakhya Impex (India), HealthAid (United Kingdom) and Leven Rose (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Carrot Seed Oil market by Type (Pressed Carrot Seed Oil and Distilled Carrot Seed Oil), Application (Cosmetics & Personal Care, Therapeutic, Perfumery and Others) and Region.
On the basis of geography, the market of Carrot Seed Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Sales Channels, the sub-segment i.e. Online will boost the Carrot Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Bottle will boost the Carrot Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Purity, the sub-segment i.e. 99% will boost the Carrot Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Organic Unrefined Cold Pressed Carrot Seed Oil Among Consumers and Increased Focus on the Research by the Manufacturers for the Expansion of Carrot Seed Oil Applications
Market Growth Drivers:
Growing Demand for Pressed Carrot Seed Oil for Application in Cosmetics Due to Its Anti-aging Properties, Surging Demand for Natural or Organic Essential Oils for the Medicinal Use and Aromatherapy and Increasing Use of Carrot Seed Oil in the Manufacturing of Hair Care Products
Challenges:
Easy Availability of Other Natural Essential Oils like Lavender Essential Oil and Tea Tree Oil for Medicinal Applications
Restraints:
Allergic Reactions like Skin Rash in Some People and Risk of Sunburn
Opportunities:
High Growth of Wild Carrot Plant Seed Oil to Make Medicines and Increased Adoption of Carrot Seed Oil by the Various K-Beauty Brands to Produce Skincare Products
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Carrot Seed Oil Manufacturers, Carrot Seed Oil Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others
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.