The Global Cognac Oil Market size is projected to grow at a CAGR of 5.1% from 2021 to 2028. The growth in this market can be attributed to the high demand for cosmetic grade oils and the rising health awareness among consumers. In addition, demand for food grade oils is also expected to increase due to their versatile properties, which make them suitable for cooking as well as use in beauty products.
Cognac Oil is a cocktail of ingredients that can be used for both, beauty purposes and cooking. It has a yellow to brownish tinge due to the presence of carotenoids from the Cognac distillation process, which gives it its unique flavor as well. This oil is extracted by cold pressing or expeller processing method after fermentation in alcohol making process called “maceration”- where some other fruits are also added with grapes at the beginning of alcoholic fermentation.
The majority use this type of oil for their skin because they do not have any harmful qualities like those present in mineral oils such as fragility and lack of absorption into deeper layers on your skin. Unlike most vegetable oils, cognac oil is not prone to oxidation and rancidity. It has been used traditionally by many people around the world mainly for cooking purposes but it is also gaining popularity among them for beauty purposes too.
On the basis of Type, the market is segmented into Cosmetic Grade and Food Grade. Factors such as high demand for food ingredients to enhance their quality, rising consumer awareness about organic products have led this industry to grow at a rapid pace in recent times. The global cosmetics segment has been witnessing aggressive growth over the past few years due to increasing investments by brands and manufacturers in product R&D activities coupled with superior marketing strategies that help them attract more customers.
Cosmetic grade cognac oil is used for cosmetic purposes, and it can be applied to the skin or hair. It's also been used as an ingredient in cosmetics such as lipstick because of its moisturizing properties. This type has a long shelf life than food-grade oils. Cosmetic grades are available at specialty retail stores or online shops that sell beauty products. There are two main types: pure fat (i.e., not mixed with other ingredients) and blended fats which may contain up to 300% more liquid than pure fat, depending on the degree desired by manufacturers.
Food grade cognac oil is edible, safe for human consumption, and has a long shelf life. It's used in cooking as well as the food industry to maintain product quality while it’s being transported or stored. Food-grade oils are available at specialty retail stores that sell cooking supplies and other culinary essentials, such as online retailers specializing in kitchen products like knife sets. There are two main types: pure fat (i.e., not mixed with other ingredients) and blended fats which may contain up to 300% more liquid than pure fat, depending on the degree desired by manufacturers.
On the basis of Application, the market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Food & Drink Specialty Stores, and Online Retail. The Hypermarkets/Supermarkets segment is expected to grow at the highest CAGR during the forecast period. They accounted for maximum share among all types of retail channels whereas convenience stores are likely going to have a significant opportunity in APAC due to rising incomes and changing lifestyle habits amongst consumers. The online retail segment accounts for maximum share in North America followed by food & drink specialty stores with high shares respectively due to convenience and accessibility features offered by these channels that suit customer demands easily without any geographical limitations.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to grow at the highest CAGR during the forecast period due to high demand for cosmetic grade products from developed countries such as the US and Canada which will provide lucrative growth opportunities for manufacturers.
The Asia Pacific was a relatively new entry into this industry but has significantly contributed towards driving demand due to increased disposable income levels among consumers coupled with increasing spend on luxury goods such as cosmetics, perfumes, etc., offering strong prospects for marketers looking out strategies from this region.
Up Market Research published a new report titled “Cognac Oil Market research report which is segmented by Types (Cosmetic Grade, Food Grade), By Applications (Hypermarkets/Supermarkets, Convenience Stores, Food & Drink Specialty Stores, Online Retail, Others), By Players/Companies The Lermond, Indukern, Edens Garden, Sigma-Aldrich, Lotus Garden Botanicals, Robertet, Albert Vieille SAS, Miracle Botanicals, Ernesto Ventos, WILD Flavors”.
|Report Attributes||Report Details|
|Report Title||Cognac Oil Market Research Report|
|By Type||Cosmetic Grade, Food Grade|
|By Application||Hypermarkets/Supermarkets, Convenience Stores, Food & Drink Specialty Stores, Online Retail, Others|
|By Companies||The Lermond, Indukern, Edens Garden, Sigma-Aldrich, Lotus Garden Botanicals, Robertet, Albert Vieille SAS, Miracle Botanicals, Ernesto Ventos, WILD Flavors|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||240|
|Number of Tables & Figures||168|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cosmetic Grade, Food Grade and By Application Hypermarkets/Supermarkets, Convenience Stores, Food & Drink Specialty Stores, Online Retail, Others.
Some of the companies that are profiled in this report are:
Cognac Oil Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cognac Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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