PERILLA SEED OIL MARKET REPORT OVERVIEW
The global Perilla Seed Oil Market size was USD 967.64 million in 2024 and is projected to touch USD 2688.27 million in 2033, exhibiting a CAGR of 10.6% during the forecast period.
Perilla seed oil, derived from the seeds of the Perilla frutescens plant, a member of the mint family (Lamiaceae), holds a prominent place among edible vegetable oils, particularly in East Asian cuisines and traditional medicine. Native to the region, this unassuming oil has been a staple in Korea, Japan, and China for over two centuries, serving dual purposes in both culinary practices and therapeutic applications. Its long history of use underscores its perceived health benefits and versatility. Perilla frutescens, the source of this valuable oil, is an herb with characteristic aromatic leaves. While the leaves themselves are sometimes used in cooking, it's the tiny seeds that hold the key to perilla seed oil's unique properties. These seeds, when pressed or extracted, yield a light-colored oil with a distinct nutty flavor and aroma. This flavor profile makes it a welcome addition to various dishes, especially in East Asian cuisine.
The oil's popularity in cooking stems not only from its flavor but also from its nutritional composition. Perilla seed oil is notable for its exceptionally high alpha-linolenic acid (ALA) content, an omega-3 fatty acid. ALA is considered an essential fatty acid, meaning the human body cannot produce it on its own and must obtain it from dietary sources. Omega-3 fatty acids are known for their potential health benefits, including supporting cardiovascular health, brain function, and reducing inflammation. This high ALA content distinguishes perilla seed oil from many other vegetable oils, making it a desirable choice for those seeking to increase their omega-3 intake. Beyond its culinary uses, perilla seed oil has a long history in traditional medicine systems. It has been used for various ailments, including respiratory issues like coughs and asthma. Traditional practitioners also employed it for digestive complaints and skin conditions. While modern scientific research is still exploring the full extent of these traditional uses, some studies have investigated the potential anti-inflammatory and antioxidant properties of perilla seed oil. These studies suggest that the oil's components, including ALA and other phytochemicals, may contribute to its observed health effects.
In modern kitchens, perilla seed oil finds its way into a variety of dishes. It is often used in stir-fries, dressings, and marinades, lending its distinctive flavor and nutritional benefits. In Korean cuisine, it's a key ingredient in many side dishes and is sometimes used to season Leaf Vegetable Seeds. Japanese cuisine also incorporates perilla seed oil, often in dressings and sauces. The oil's relatively low smoke point makes it less suitable for high-heat cooking methods like deep frying, but its flavor and nutritional profile shine in other applications. The continued popularity of perilla seed oil in East Asia, coupled with growing interest in its potential health benefits in other parts of the world, suggests a bright future for this ancient oil. As research continues to explore its properties and applications, perilla seed oil is likely to remain a valuable and versatile ingredient in both culinary and wellness practices.
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GLOBAL CRISES IMPACTING PERILLA SEED OIL MARKET COVID-19 IMPACT or RUSSIA-UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACT - COVID-19 IMPACT
"Perilla Seed Oil Industry Had a Negative Effect Due to Disruptions in Supply Chain Disruptions during COVID-19 Pandemic"
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic that began early last year put a halt on the delivery of some of the raw materials that are used in the production of perilla seed oil. From South Korean and Chinese farms in which perilla seeds are produced, employees could not be able to sneak to the farms due to several harsh lockdowns. This led into early maturation and ripening hence having its effect on harvesting and processing of perilla seed oil by the firm.
LATEST TRENDS
"Rising Demand for Plant-Based and Omega-3 Rich Products to Propel Market Growth"
Due to increase use of plant products and supplements in the current world perilla seed oil is highly desirable based on its content of alpha-linolenic acid (ALA) that is an omega 3 fatty acid. The increasing concern for cardiovascular disease, a preference for products that lower inflammation, and improvement of cognitive functions has fueled the market for perilla seed oil as a source of omega-3 instead of fish oil.
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PERILLA SEED OIL MARKET SEGMENTATION
By Type
Based on type the market can be categorized into Press method and Extraction method.
- Press Method: The pressing method in consuming refers to a mechanical method used in extraction of oil from perilla seeds. It can be further broken down into two categories: cold pressing and hot pressing the most common processes applied in production of oils and the latter is the common method when using modern technologies and producing high quality oils.
- Extraction Method: The extraction method characterized by use of solvents, in which perilla seeds are treated with solvents such as hexane with an aim of extracting oil from perilla seeds. This one is slightly more mechanical and is used where a larger volume of oil is required to be generated in a single round.
By Application
Based on application the market can be categorized into Edible Oil Industry, Pharmaceutical, Cosmetics Industry and Others.
- Edible Oil Industry: This is used broadly in the edible oil segment because of the heavy presence of omega 3 fatty acids particularly alpha-linolenic acid. It is employed rather than usual oils like soybean, or sunflower oil by virtue of its fascinating nutritious value.
- Pharmaceutical: While containing omega 3 fatty acids perilla seed oil provides anti-inflammatory benefits. It is used in formulation for arthritis and IBD, or Inflammatory Bowel Diseases.
MARKET DYNAMICS
Driving Factors
"Increasing Consumer Demand for Health-Conscious and Natural Products to Drive Market Advancement"
One of the key Driving Factorss in the Perilla Seed Oil market growth is Increasing Consumer Demand for Health-Conscious and Natural Products. Perilla seed oil contains a high percentage of omega-3 fatty acid, particularly ALA, is becoming popular as it has clock health and anti-inflammatory properties and that is helpful to enhance cognitive performances. With increased concern for their health, common consumers prefer to use plant-derived substances as a substitute for fish oil, which increases the interest in perilla seed oil.
"Growth in the Plant-Based and Vegan Movement to Expand the Market"
According to the growing trend of using plant and vegan diets, there is increased the emphasis on using plant derived oils such as perilla seed oil due to nutritional properties without using animal products. It is also beneficial to vegans and vegetarians who may have been using fish source to obtain omega three fatty acids.
Restraining Factor
"Limited Awareness and Knowledge Poses Potential Impediments to Market Growth "
All in all, although perilla seed oil has a load of health benefits, consumers are not very much informed about these benefits of this oil, especially in the area where people are not often familiar with this kind of oil, for instance, east Asia. Some people have never heard of perilla seed oil and that is a limitation because many consumers are even more acquainted to other oils like olive or even sunflower oil. Marketing information is required to explain to the consumers the advantages of perilla seed oil, however low awareness in emergent markets can hinder the development of the market.
Opportunity
"Increasing Demand in the Food Industry To Create Opportunity for the Product in the Market"
The increase in the health-interest cooking is increasing the demands of functional oils such as the perilla seed oil which has application in salad dressing, cooking oil and nutritional supplement. Due to its high nutrient value particularly, anti-inflammatory value; it is considered suitable for enhancement of functional foods.
Challenge
"Low Yield and Productivity Could Be a Potential Challenge for Consumers"
Perilla seeds yield, per se, is not as high as other crops such as soybean or sunflower, although they are still viable, depending on the species cultivated. This leads to the relatively high cost of production bearing in mind that the costs incurred are spread out per barrel of oil produced. The low yield can sometimes be even a hurdle in raising the demand for the crop without investing more into farming technology and better farming techniques. Some of the perilla farms still use archaic techniques in farming hence not maximizing production.
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PERILLA SEED OIL MARKET REGIONAL INSIGHTS
North America
Despite the increasing market for plant-based oils in North America such as Omega-3 rich oils, perilla oil market is comparatively a nascent and a relatively smaller market compared to flaxseed oil, olive oil and hemp oil. North America is currently a small market compared to Asia, but there is room for improvement because of the greater emphasis on health.
Europe
Europe also does not have a large market for PS, and its products are available strictly for superfoods specialty shops or as specialized sectors for cosmetics and natural health products. However, the European market for perilla oil is gradually developing, yet it is not so significant as the Asia Pacific market.
Asia
Asia Pacific has emerged as the most dominant region in the Perilla Seed Oil market share due to a convergence of factors that propel its leadership in this dynamic industry. Perilla seeds mostly found in the Chinese, Korean and Japanese markets, depending on the type. The Asia Pacific region has always practiced the cultivation of perilla for the food and healthcare industry where America has no access to and this makes the region a major producer and seller, therefore enjoying a large market share.
KEY INDUSTRY PLAYERS
"Key Players Transforming the Perilla Seed Oil Landscape through Innovation and Global Strategy"
Key enterprise players are shaping the Diesel Exhaust Fluid marketplace through strategic innovation and marketplace growth. New products are usually introduced to the market through innovation, for example, perilla oil-based capsules, cosmetic formulation and nutraceutical products. It enables the firms to cover other essential and complementary aspects to human health, skincare, and wellness.
List of Top Perilla Seed Oil Market Players Profiled
- Sun Essentials (U.S.)
- Jason Natural (U.S.)
- Shangjia (China)
- Gustav Heess (Germany)
- Healing Solutions (U.S.)
INDUSTRIAL DEVELOPMENT
Jul 2024: Royal DSM, a global science-based company specializing in nutrition, health, and sustainable living, made a significant move to solidify its position in the early life nutrition market by acquiring Glycom A/S, the world's leading producer of human milk oligosaccharides (HMOs). This strategic acquisition brought together DSM's extensive portfolio of nutritional lipids, vitamins, and nutrient premixes with Glycom's expertise in HMOs, creating a powerful synergy with substantial implications for the industry. HMOs are complex carbohydrates naturally found in human breast milk, playing a crucial role in infant health and development. They act as prebiotics, fostering the growth of beneficial bacteria in the gut, supporting immune system development, and potentially contributing to cognitive function. As such, HMOs have become a highly sought-after ingredient in infant formula and other nutritional products. Glycom, with its pioneering research and development, had established itself as the leading player in the HMO market. The company possessed the only fully integrated platform, encompassing product development, preclinical and clinical studies, regulatory approvals, and large-scale production. This end-to-end capability gave Glycom a distinct advantage in the rapidly growing HMO sector. The acquisition of Glycom by DSM was a strategic fit for both companies. DSM gained access to Glycom's cutting-edge HMO technology and a robust pipeline of next-generation HMOs, enabling it to offer more comprehensive and innovative early life nutrition solutions. Glycom, in turn, benefited from DSM's global reach, extensive customer network, and deep expertise in nutrition and health.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 967.64 Million Million in 2024 |
Market Size Value By |
US$ 2688.27 Million Million by 2032 |
Growth Rate |
CAGR of 10.6% from 2024 to 2032 |
Forecast Period |
2032 |
Base Year |
2024 |
Historical Data Available |
2020-2023 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
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What value is the Perilla Seed Oil Market expected to touch by 2033?
The global Perilla Seed Oil Market is expected to reach USD 2688.27 million in 2033.
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What CAGR is the Perilla Seed Oil Market expected to exhibit by 2033?
The Perilla Seed Oil Market is expected to exhibit a CAGR of 10.6% by 2033.
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Which are the driving factors of the Perilla Seed Oil Market?
Increasing Consumer Demand for Health-Conscious and Natural Products and Growth in the Plant-Based and Vegan Movement are some of the driving factors of the market.
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What are the key Perilla Seed Oil Market segments?
The key market segmentation that you should be aware of, which includes, based on type the Perilla Seed Oil market is classified as Press method and Extraction method. Based on the application, the Perilla Seed Oil market is classified as Edible Oil Industry, Pharmaceutical, Cosmetics Industry and Others.