What is Perilla Oil?
Perilla species of crop which are part of Lamiaceae mint family is used to produce the Perilla oil. It is an edible oil which is mostly used in East Asian cuisine specifically in Korean cuisine. The perilla oil has a high omega-3 fatty acid content along with significant amount of omega-6 and omega-9 fatty acids. The perilla species of crop are mostly grown in India, Korean peninsula, China and Japan. Several health benefits related to boosting immune system and neural system functioning. Other than that, the oil offers nutty aroma and taste. Toasted Perilla oil accounts for largest market share. Currently, Asia Pacific accounts for largest market share, although it is increasing in popularity in North America.
The market study is broken down by Type (Toasted Perilla Oil and Untoasted Perilla Oil), by Application (Edible Oil, Pharmaceuticals, Supplements, Cosmetics and Others) and major geographies with country level break-up.
The rising popularity of Korean and other East Asian cuisine has resulted in increasing demand for perilla oil. The market is currently limited to East Asia region, but steadily with globalisation and movement of people, and exchange of food and culture has led to increase in demand for Perilla oil. Certain health benefits especially related to enhancing immune system has also drawn new customers towards the product. Although, currently Asia Pacific remains the biggest market of Perilla Oil. 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.
Sanmark Corporation (China), Hebei Jiafeng Plant Oils Co., Ltd. (China), Hunan Yamei Biotechnology Co., Ltd. (China), San Sheng Nong Lin (China), Hubei Shizhen (China), Valensa International (United States), Huanan Nongsheng (China), Ota Oil (Italy), Gustav Heess (Germany), Komega (Korea) and Zonghoo Jianyuan Biotech (China) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Perilla Oil market by Type, Application and Region.
On the basis of geography, the market of Perilla 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). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Perilla Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Glass Bottles will boost the Perilla Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Toasted Perilla Oil is rising in Popularity
Market Drivers
- Growing Demand from Food and Beverages Industry
- Rising Popularity of East Asia Cuisine including Korean Cuisine
Opportunities
- Korean Processed Food such as Packaged Snacks Present Huge Opportunity to Grow
Restraints
- Adulteration of Products and Counterfeit Products are Quite Persistent in the Market
Challenges
- Less Awareness about the Oil outside East Asian Region
Key Target Audience
Perilla Oil Producers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.