Macadamia Oil Market Research Report by Category (Refined and Cold Pressed), by Nature (Organic and Conventional), by End User (Commercial, Industrial, and Residential), by Application (Food & Beverages and Personal Care), by Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Industry Forecast Till 2032
In 2023, the market for macadamia oil was estimated to be worth USD 196.94 million. With a compound annual growth rate (CAGR) of 5.15% from 2024 to 2032, the Macadamia Oil market is expected to increase from USD 207.26 million in 2024 to USD 309.79 million by 2032. The main factors propelling the growth of the macadamia oil market are rising applications in cosmetics and personal care items as well as rising demand for healthy edible oil.
Growing Popularity in Cosmetics: Macadamia oil has become increasingly popular in skincare and cosmetics. Macadamia oil is becoming more and more common in skincare products including moisturizers, serums, and hair care formulas because of its rich fatty acid profile and nourishing qualities. The oil's popularity as a natural ingredient in cosmetics and personal care products can be attributed to its capacity to moisturize and soften skin. Consumers are using macadamia oil as a healthier substitute for cooking oil as a result of the increased focus on health and wellness. It is a desirable choice for anyone looking for wholesome cooking oils because of its high monounsaturated fat content and its heart-healthy advantages. Consumer preferences for functional meals that enhance general wellbeing are in line with this trend. Ethical and Sustainable Practices: In the macadamia oil sector, sustainability has emerged as a major trend.
Perspectives on Market SegmentsThe macadamia oil market is divided into two segments based on category: refined and cold pressed.
The market segmentation for macadamia oil is based on nature and include both conventional and organic products.
Food & beverage and personal care are included in the market segmentation for macadamia oil based on application.
The Macadamia Oil Market is divided into three segments based on the end-user mode: residential, commercial, and industrial.
B2B and B2C are included in the Macadamia Oil Market segmentation based on the distribution channel mode.
Regional PerspectivesNorth America, Europe, Asia-Pacific, South America, and the Middle East and Africa are the regions for which the study offers market information.
In addition, the region's growing output of macadamia nuts, which are used to extract macadamia oil, is expected to generate profitable prospects for the macadamia oil industry in the years to come. Hawaii's production of macadamia nuts used in 2019–2020, for example, rose 15% over the previous season to 40.7 million pounds (net, wet-in-shell basis), according to the US Department of Agriculture.
Due in large part to the high level of consumer demand for goods, Europe is predicted to hold the second-largest market share. The market value of Europe was estimated at USD 49.42 million in 2022 and is expected to rise at a compound annual growth rate (CAGR) of 4.62% to reach USD 77.10 million in 2032. Because of the numerous measures taken by the main players to boost macadamia production—from which macadamia oil is derived and then used in a variety of applications—the UK continues to retain a sizable portion of the macadamia oil market.
Important Market ParticipantsCargill Incorporated (United States), Croda International Plc (United Kingdom), Gustav Heess GmbH (Germany), Marquis Macadamias Ltd (Australia), International Flavors & Fragrances Inc. (United States), All Organic Treasures GmbH (Germany), Jindilli Inc. (United States), Plenty Foods Pty Ltd (Australia), Nambucca Macnuts Pty Ltd (Australia), and Mosselman S.A. (Belgium) are the major companies involved in the macadamia oil market.