In 2023, the Asia Pacific tomato seed oil market recorded a valuation of US$ 62 million, with a projected steady growth rate of 7% between 2023 and 2033. By 2033, the market is expected to reach a remarkable value of US$ 124.6 million.
In emerging economies such as China, India, and Japan, demand for personal care & cosmetic goods, anti-aging cosmetics, and anti-wrinkle serums is increasing. This has fuelled the demand for tomato seed oil as a key ingredient used in various skin care products.
As per FMI, the application within the cosmetics industry is likely to continue surging throughout the forecast period.
| Attribute | Details |
|---|---|
| Asia Pacific Tomato Seed Oil Market Value (2023) | US$ 62 million |
| Asia Pacific Tomato Seed Oil Market Value (2033) | US$ 124.6 million |
| Asia Pacific Tomato Seed Oil Market Growth Rate (2023 to 2033) | 7%. |
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Demand for tomato seed recorded a healthy 4.1% CAGR between 2018 and 2022. With the increasing application of tomato seed oil in diverse industries such as food & beverages and cosmetics, sales are set to surge at over 7% CAGR from 2023 to 2033.
Driven by the rising demand for organic personal care and skin care products, tomato seed oil sales within Asia Pacific consistently rises as it is used as a vital ingredient in the cosmetic industry, including the production of lotions, body butter, and other moisturizing creams.
The tomato seed oil has a non-greasy texture and is easily absorbed into the skin. This makes it an ideal ingredient for skin care products, swaying the market demand analysis.
The forecasted market size of the Asia Pacific tomato seed oil of US$ 124.6 million in 2033 indicates a positive trajectory, suggesting that the market may expand steadily over the forecast period.
This growth presents opportunities for businesses to capitalize on the rising demand, expand their product portfolios, and establish a strong presence in the market, ultimately leading to potential financial gains.
As it has several anti-aging benefits and is rich in antioxidants, tomato seed oil is the key ingredient in anti-aging and anti-wrinkle creams. Moreover, the sales of tomato seed oil are on the surge owing to its ready availability, cost-effectiveness, and organic nature.
FMI predicts impressive growth in sales of cold-pressed tomato seed oil. Besides application in the cosmetics industry, sales as a key component of personal wellness products and dietary supplements may drive sales of cold press tomato oil seed in the near future.
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According to FMI, China is projected to lead the East Asia tomato seed oil market, projected to advance at 9.4% CAGR from 2023 to 2033.
The increasing application of tomato seed oil in anti-aging creams and skin treatments accelerates its sales.
Consumers in China show a greater inclination for the application of anti-aging creams. Its application in skin treatments also is on the rise since tomato seed oil reduces the appearance of wrinkles and other age indicators, preserving beautiful skin.
Tomato seed oil's multifaceted applications in skin care, hair care, and cosmetics are projected to increase its demand in China.
Japan is one of the leading technology-driven countries across the globe. In 2022, it was expected to account for more than 3.7% of tomato seed oil consumption within Asia Pacific.
Backed by the extensive adoption of dietary supplements, the demand for tomato seed oil is expected to rise in Japan.
As Japan offers easy access to advanced technologies, manufacturers of tomato seed oil are eyeing the market to establish their production pipelines.
The availability of several operations units, such as filtrating, drying, squeezing, and grinding, which is used in the process of extracting tomato seed oil, is expected to create growth opportunities for Japan market.
During the forecast period, India is projected to secure a 9.5% CAGR. With the growing trend for veganism and the rising adoption of organic products, demand for tomato seed oil surges.
Since India’s market is price-sensitive, it is quite difficult for companies to penetrate this country. Hence, recognizing the untapped potential in the market, new and existing producers of tomato seed oil are penetrating the market by reducing the prices of their products and highlighting the health benefits.
In terms of form, unrefined tomato seed oil was forecasted to account for 76.6% of the market share in 2022. Owing to rising demand for healthier and natural oil, unrefined form of tomato seed oil is widely preferred.
Unrefined oils are extracted, which helps them to stay in the most natural state. Due to its better quality of flavor, nutrition, and aroma, coupled with less quantity of chemicals, unrefined oil is preferred over refined oils.
Based on nature, the conventional segment seized a substantial share of more than 78.8% in 2022, as conventional tomato seed oil is often less expensive compared to organic options. Some consumers prioritize affordability and may choose conventional products to fit their budget.
Conventional tomato seed oil may be more widely available in the market compared to organic varieties. This accessibility and ease of procurement can contribute to its preference.
Indirect sales were projected to account for 75.3% of the market share through 2022. Increasing penetration of e-commerce platforms has boosted the growth of online retailers, as per Future Market Insights.
The indirect sales segment is poised to exhibit impressive growth during the forecast period, which includes several distribution channels. Such as grocery retailers, hypermarkets/supermarkets, convenience store wholesalers, food and drink specialty, health and wellness stores, and online retailers.
In terms of application, the cosmetic industry amassed over 59.9% market share in 2022, followed by the food & beverage industry. When applied to the skin, tomato seed oil has a variety of qualities that make it a popular cosmetic product.
Tomato seed oil blends well with various cosmetic ingredients, making it versatile for formulation in a range of skincare and cosmetic products such as creams, serums, lotions, and masks.
The growing consumer interest in natural and organic cosmetic products has further fueled the demand for ingredients like tomato seed oil.
Manufacturers in the Asia Pacific tomato seed oil market are focused on strengthening their digital presence to expand their customer base. They are also heavily investing in research and development activities to develop cost-effective technology to meet the surging requirement.
Key players:
Developments in the Market:
Increased consumer awareness of health benefits, increased demand for natural cosmetics, and expanding uses in food products are some of the Asia Pacific tomato seed oil market's key growth prospects.
Trends in the Asia Pacific tomato seed oil market include a move toward organic and sustainable goods, a rise in interest in functional foods, and the use of tomato seed oil in cosmetic formulations.
Due to rising consumer demand for skincare and haircare products made with natural and plant-based components, the cosmetic and personal care category is currently dominating the Asian Pacific tomato seed oil market.
The demand for tomato seed oil as a source of antioxidants, vitamins, and potential health benefits is increasing as consumers look for healthier substitutes.
Research into fresh applications including nutraceuticals, the investigation of novel extraction techniques, and partnerships for sustainable sourcing are examples of emerging themes.
1. Executive Summary
1.1. Asia Pacific Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033
5.3.1. Refined
5.3.2. Unrefined
5.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2023 to 2033
6.3.1. Organic
6.3.2. Conventional
6.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2023 to 2033
7.3.1. Direct sales
7.3.2. Retail Sales
7.3.2.1. Grocery Retailers
7.3.2.2. Hypermarket/Supermarket
7.3.2.3. Convenience Stores
7.3.2.4. Wholesalers
7.3.2.5. Food and drink Specialty
7.3.2.6. Health and Wellness Stores
7.3.2.7. Online Retailer
7.3.2.8. Others
7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use, 2023 to 2033
8.3.1. Food Service
8.3.2. Food and Beverages
8.3.2.1. Bakery
8.3.2.2. Confectionary
8.3.2.3. Dressing and Condiments
8.3.2.4. Sauces and Spreads
8.3.2.5. Ready Meals
8.3.2.6. Beverage Processing
8.3.2.7. Others
8.3.3. Cosmetic Industry
8.3.3.1. Skin Care
8.3.3.2. Lip Care
8.3.3.3. Hair Care
8.3.3.4. Cosmetic
8.3.3.5. Aromatherapy
8.3.4. Industrial
8.3.5. Animal Feed
8.3.6. Dietary Supplements
8.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Packaging, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Packaging, 2023 to 2033
9.3.1. Aseptic
9.3.2. Pouches
9.3.3. Bottles
9.3.4. Jerry Cans
9.3.5. Tin Plate Containers
9.4. Y-o-Y Growth Trend Analysis By Packaging, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Packaging, 2023 to 2033
10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
10.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
10.3.1. Asia Pacific
10.4. Market Attractiveness Analysis By Region
11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Form
11.2.3. By Nature
11.2.4. By Distribution Channel
11.2.5. By End-Use
11.2.6. By Packaging
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Form
11.3.3. By Nature
11.3.4. By Distribution Channel
11.3.5. By End-Use
11.3.6. By Packaging
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. China
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2022
12.1.2.1. By Form
12.1.2.2. By Nature
12.1.2.3. By Distribution Channel
12.1.2.4. By End-Use
12.1.2.5. By Packaging
12.2. Japan
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2022
12.2.2.1. By Form
12.2.2.2. By Nature
12.2.2.3. By Distribution Channel
12.2.2.4. By End-Use
12.2.2.5. By Packaging
12.3. South Korea
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2022
12.3.2.1. By Form
12.3.2.2. By Nature
12.3.2.3. By Distribution Channel
12.3.2.4. By End-Use
12.3.2.5. By Packaging
12.4. Singapore
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2022
12.4.2.1. By Form
12.4.2.2. By Nature
12.4.2.3. By Distribution Channel
12.4.2.4. By End-Use
12.4.2.5. By Packaging
12.5. Thailand
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2022
12.5.2.1. By Form
12.5.2.2. By Nature
12.5.2.3. By Distribution Channel
12.5.2.4. By End-Use
12.5.2.5. By Packaging
12.6. Indonesia
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2022
12.6.2.1. By Form
12.6.2.2. By Nature
12.6.2.3. By Distribution Channel
12.6.2.4. By End-Use
12.6.2.5. By Packaging
12.7. Australia
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2022
12.7.2.1. By Form
12.7.2.2. By Nature
12.7.2.3. By Distribution Channel
12.7.2.4. By End-Use
12.7.2.5. By Packaging
12.8. New Zealand
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2022
12.8.2.1. By Form
12.8.2.2. By Nature
12.8.2.3. By Distribution Channel
12.8.2.4. By End-Use
12.8.2.5. By Packaging
12.9. Rest of Asia Pacific
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2022
12.9.2.1. By Form
12.9.2.2. By Nature
12.9.2.3. By Distribution Channel
12.9.2.4. By End-Use
12.9.2.5. By Packaging
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Form
13.3.3. By Nature
13.3.4. By Distribution Channel
13.3.5. By End-Use
13.3.6. By Packaging
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. AG Industries
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.1.5.2. Product Strategy
14.1.1.5.3. Channel Strategy
14.1.2. AGS Organics
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.2.5.2. Product Strategy
14.1.2.5.3. Channel Strategy
14.1.3. O&3
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.3.5.2. Product Strategy
14.1.3.5.3. Channel Strategy
14.1.4. Puroma
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.4.5.2. Product Strategy
14.1.4.5.3. Channel Strategy
14.1.5. Kazima Perfumers (est.2010)
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.5.5.2. Product Strategy
14.1.5.5.3. Channel Strategy
14.1.6. SVA Organics
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.6.5.2. Product Strategy
14.1.6.5.3. Channel Strategy
14.1.7. Haekels
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.7.5.2. Product Strategy
14.1.7.5.3. Channel Strategy
14.1.8. EOC (Essential Oils Company)
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.8.5.2. Product Strategy
14.1.8.5.3. Channel Strategy
14.1.9. Natures Natural India
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.9.5.2. Product Strategy
14.1.9.5.3. Channel Strategy
14.1.10. Aramacs
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.10.5.2. Product Strategy
14.1.10.5.3. Channel Strategy
14.1.11. Natural Sourcing LLC
14.1.11.1. Overview
14.1.11.2. Product Portfolio
14.1.11.3. Profitability by Market Segments
14.1.11.4. Sales Footprint
14.1.11.5. Strategy Overview
14.1.11.5.1. Marketing Strategy
14.1.11.5.2. Product Strategy
14.1.11.5.3. Channel Strategy
14.1.12. Escentials of Australia
14.1.12.1. Overview
14.1.12.2. Product Portfolio
14.1.12.3. Profitability by Market Segments
14.1.12.4. Sales Footprint
14.1.12.5. Strategy Overview
14.1.12.5.1. Marketing Strategy
14.1.12.5.2. Product Strategy
14.1.12.5.3. Channel Strategy
14.1.13. Sheiling Laboratories
14.1.13.1. Overview
14.1.13.2. Product Portfolio
14.1.13.3. Profitability by Market Segments
14.1.13.4. Sales Footprint
14.1.13.5. Strategy Overview
14.1.13.5.1. Marketing Strategy
14.1.13.5.2. Product Strategy
14.1.13.5.3. Channel Strategy
14.1.14. PRZ Herbals Care
14.1.14.1. Overview
14.1.14.2. Product Portfolio
14.1.14.3. Profitability by Market Segments
14.1.14.4. Sales Footprint
14.1.14.5. Strategy Overview
14.1.14.5.1. Marketing Strategy
14.1.14.5.2. Product Strategy
14.1.14.5.3. Channel Strategy
14.1.15. Rakesh Sandal Industries
14.1.15.1. Overview
14.1.15.2. Product Portfolio
14.1.15.3. Profitability by Market Segments
14.1.15.4. Sales Footprint
14.1.15.5. Strategy Overview
14.1.15.5.1. Marketing Strategy
14.1.15.5.2. Product Strategy
14.1.15.5.3. Channel Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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Asia Pacific Tomato Seed Oil Market
