About Chia Oil
Chia Oil is known as essential oil. It is derived from the chia seeds. It is popular ingredient in skin care products. It contains high amount of fatty acid content. It is particularly rich in omega-3 in the form of alpha-linolenic acid (ALA), omega-6. In addition, it has less amount of healthy fats, such as oleic acid and stearic acid. This oil reduces risk of cardiac attack. Hence the demand for chai oil in wellness products has been increased. Its additives properties are essential for using Chia Oil in bakery products. Hence, rising demand from end use industry has created growth opportunities for the chia oil market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The market of Chia Oil is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Chia Oil with number of health benefits. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Chia 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.
Mdeca Group SRL (Argentina), Namaskar Sac (Peru), Mercadero (Netherland), Gustav Heess Oleochemische Erzeugnisse GmbH (Germany), BR Naturals (United States), Benexia Advanced Seed Nutrition (United States), Henry Lamotte Oils GmbH (Germany), ConnOils LLC (United States), O&3 The Oil Family (Canada) and American International Chemical LLC. (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 Eco Oil Argentina (Argentina) and Yash Exports (India).
Segmentation Overview
AMA Research has segmented the market of Global Chia Oil market by Type (Concentrated Chia Oil and Virgin Chia Oil), Application (Food and Beverages, Personal Care Products, Supplements and Others) and Region.
On the basis of geography, the market of Chia 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 Nature, the sub-segment i.e. Organic will boost the Chia Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Online will boost the Chia Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Chia Oil as additives like Flavouring Agent in Bakery Foods and in Nutraceuticals Supplements
Market Growth Drivers:
Growing Awareness regarding Medicinal Benefits of Chia Oil Has Created Demand and Increasing Demand for Essential Oils
Challenges:
Fluctuation in Pricing & Availability of Raw Material
Restraints:
Adverse Effects on Health like Skin Allergy owing to Overconsumption
Opportunities:
Growing Inclination towards Addition of Chia Oil in Many Personal Care Products owing to its Moisture Barrier Properties Has Created Growth Opportunities and Increasing Consumption of Natural Ingredients based Wellness Products
Market Leaders and their expansionary development strategies
In February 2021, Royal Philips a global leader in health technology, today announced that it has completed the acquisition of BioTelemetry, Inc.a leading U.S.-based provider of remote cardiac diagnostics and monitoring. BioTelemetry’s financial results will be consolidated as part of Philips Connected Care business segment as of February 9, 2021.
In October 2020, Barentz International has expanded in North America by acquiring Maroon Group. Maroon Group is a specialty chemicals supplier for the food and beverage, personal care, cosmetic, pharmaceutical, and household/industrial industries. Company has acquired the portfolio of chia seeds, palm oil, sea salt, plant proteins, quinoa, and soybean oil and tapioca syrup. With this acquisition, company has expanded its existing portfolio.
Key Target Audience
Chia Oil Manufacturers, Chia Oil Suppliers/Distributors, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.