Goji Seeds Oil Market Trends and Forecast
The future of the global goji seeds oil market looks promising with opportunities in the cosmetic and food markets. The global goji seeds oil market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for natural skincare & haircare products in the cosmetic industry, rise in research and development activities, and increasing consumer awareness about health benefits of superfoods.
• Lucintel forecasts that food grade is expected to witness higher growth over the forecast period.
• Within this market, cosmetic is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Goji Seeds Oil Market
• China: Several local companies, including Ningxia Red Goji Co., are expanding their goji seed oil production capacities to meet increasing global demand for natural health supplements and skincare products.
• United States: Health food companies like Navitas Organics have introduced new goji seed oil products, targeting health-conscious consumers interested in antioxidant-rich oils for dietary and cosmetic uses.
• India: Government initiatives in Himachal Pradesh promote organic farming of goji berries, aiming to boost local production of goji seed oil and support sustainable agricultural practices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Goji Seeds Oil Market by Segment
The study includes a forecast for the global goji seeds oil market by type, application, and region.
Goji Seeds Oil Market by Type [Value from 2018 to 2030]:
• Food Grade
• Cosmetic Grade
• Others
Goji Seeds Oil Market by Application [Value from 2018 to 2030]:
• Cosmetics
• Food
• Others
Goji Seeds Oil Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Goji Seeds Oil Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies goji seeds oil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the goji seeds oil companies profiled in this report include-
• Organicway
• Formulator Sample Shop
• Pure Nature
• Ningxia Qixiang Biologic Foodstuff
• New Natural Biotechnology
Recent Development in the Goji Seeds Oil Market
• Sunny Green Organic: Introduced cold-pressed goji seed oil, highlighting its high nutritional content and suitability for vegan diets, catering to health-conscious consumers globally.
• Dragon Herbs: Innovated with goji seed oil-infused beauty products, promoting anti-aging and skin rejuvenation benefits, targeting the premium skincare market.
• Gojoy: Collaborated with research institutions to explore new applications of goji seed oil in functional foods and pharmaceuticals, leveraging its antioxidant and anti-inflammatory properties.
• Hawthorn Herbal: Developed a range of goji seed oil capsules, marketed for immune support and overall wellness, expanding distribution channels in North America and Europe.
Features of the Global Goji Seeds Oil Market
Market Size Estimates: Goji seeds oil market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Goji seeds oil market size by type, application, and region in terms of value ($B).
Regional Analysis: Goji seeds oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the goji seeds oil market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the goji seeds oil market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for goji seeds oil market?
Answer: The global goji seeds oil market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the goji seeds oil market?
Answer: The major drivers for this market are growing demand for natural skincare & haircare products in the cosmetic industry, rise in research and development activities, and increasing consumer awareness about health benefits of superfoods.
Q3. What are the major segments for goji seeds oil market?
Answer: The future of the goji seeds oil market looks promising with opportunities in the cosmetic and food markets.
Q4. Who are the key goji seeds oil market companies?
Answer: Some of the key goji seeds oil companies are as follows:
• Organicway
• Formulator Sample Shop
• Pure Nature
• Ningxia Qixiang Biologic Foodstuff
• New Natural Biotechnology
Q5. Which goji seeds oil market segment will be the largest in future?
Answer: Lucintel forecasts that food grade is expected to witness higher growth over the forecast period.
Q6. In goji seeds oil market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the goji seeds oil market by type (food grade, cosmetic grade, and others), application (cosmetics, food, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Goji Seeds Oil Market Market, Goji Seeds Oil Market Market Size, Goji Seeds Oil Market Market Growth, Goji Seeds Oil Market Market Analysis, Goji Seeds Oil Market Market Report, Goji Seeds Oil Market Market Share, Goji Seeds Oil Market Market Trends, Goji Seeds Oil Market Market Forecast, Goji Seeds Oil Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.