Sacha Inchi Oil Market

Sacha Inchi Oil Market Size (2024 to 2029)

Sacha Inchi Oil Market share value in 2022 was 105.45 million in 2024 and it is expected to grow at a CAGR of 4.5% during the forecast period 2024-2029 to reach USD 131.53 million by 2029.

Sacha Ichi is also known as Plukenetia Volubilis. This plant is high in supplements and gainful for human well-being. The plant produces large, edible seeds that are rich in protein, omega-3 fatty acids, and omega-6 fatty acids. Several indigenous people in Peru have historically ingested the seeds of this plant. As a result, these seeds are often frequently referred to as Inca nuts or mountain peanuts. The seeds are normally utilized in powdered form after being crushed. Then, to make food dishes healthier and better for our immune systems, they are added to them. The seeds contain oil as well. It is extracted from the seeds and used in some cosmetics products as well as for cooking. It is frequently eaten as a snack or incorporated into other recipes. While the pulverized seeds are used as an ingredient in protein powder and other food products, the entire seeds are frequently eaten after being roasted. The seeds can also be utilized to produce pressed oil that is used in dietary supplements or for cooking.

The key market players in this sacha inchi oil market are increasing their penetration in the emerging countries this is helping to create more opportunities in the Sacha Inchi Market over the forecasting period. This is due to the key manufacturers targeting potential consumers and increasing their research on the product. These market players are increasing the research and development activities in the industry. The utilization of Sacha Inchi biomass in nanomaterials is a viable example of an increase in research on sacha inchi. These are the factors that are creating opportunities in the Sacha Inchi Oil Market growth.

Sacha Inchi Oil Market Drivers:

The increase in demand for natural ingredients present in sacha inchi is one of the main driving factors in the sacha inchi oil market growth. One of the primary causes is the growing demand for Sacha Inchi's natural ingredients in cosmetics and personal care products. The drug industry uses the oil form of Sacha Inchi as an optional source of standard cancer prevention medicines, which is also propelling the market growth. Because Sacha Inchi's downstream products are used to nourish skin and preserve the integrity of cell membranes in the cosmetics sector, it is in high demand. Sacha inchi is rich in nutrients and has potential health benefits. It contains omega-3 fatty acids, hence used to maintain the skin’s natural barrier function. This omega-3 fatty acid helps to maintain moisture, preventing dryness, and makes skin smoother. The other bioactive compounds present in it contain anti-inflammatory properties. As it acts as an anti-inflammatory agent it helps to reduce redness, irritation, and inflammation in the skin.The Sacha Inchi Oil Market demand is also rising as a result of the increased use of Sacha Inchi Oil across numerous sectors. Sacha Inchi oil is used in numerous food products in the food and beverage sector1. Another use for the oil is in nutritional supplements. The market is segmented according to region type, application, and structure. The powder category is predicted to drive the market over the forecast period. These all factors are increasing the demand for sacha inchi oil from Drug, cosmetic care, food and beverage, and dietary supplement companies. These are the driving factors in the Sacha Inchi oil Market.

Sacha Inchi Oil Market Restraints:

The high price associated with Sacha Inchi oil is the major restraining factor to the Sacha Inchi oil Market growth. The cultivation of Sacha inchi oil, involves climate and soil requirements, pest and disease management, etc. The cultivation of Sacha inchi oil is labor-dependent work as all the fruits do not ripe at the same time. Additionally, the availability of alternative products with less price hampers the demand for sacha inchi oil. The strict rules and regulations for the product launch decrease the growth of the sacha inchi oil market. Despite the health benefits associated with the use of sacha inchi oil in various industries, there are some disadvantages of it. The disadvantages associated with the use of sacha inchi oil are some people are allergic to the oil, digestive problems, etc. The quality of oil varies and depends on the process by which it is prepared. These are the restraining factors to the Sacha Inchi oil market value.

Impact of COVID-19 on the Sacha Inchi Oil Market:

The outbreak of COVID-19 has hurt the Sacha Inchi Oil Market growth. During the pandemic of COVID -19, various industries suffered due to the imposition of lockdowns by the government of many countries. This lockdown led to the closure of transportation hence causing the disruption of supply chain management in the Sacha Inchi oil market. During the outbreak of COVID -19, consumer preference changed towards the oil. Consumers were mostly focusing on health and wellness. The economic issues faced during COVID -19 decreased the demand for non-essential items including sacha inchi oil. After the initial phase of COVID -19, vaccination of it was started this decreased the rules, and the lockdown was lifted. This led to cause a slight growth in the sacha inchi oil market. This was due to because of the pandemic many consumers were focusing on health and boosting their immunity. The Sacha Inchi oil contains some properties such as it contains omega-3 fatty acids, etc. These are the factors that lead to increases in market growth in the later phase. These are the factors that affected the sacha inchi oil market growth over the forecasting period.

REPORT COVERAGE: 

This research report on the global Sacha Inchi Oil Market has been segmented and sub-segmented based on type, form, application, and region. 

 Sacha Inchi Oil Market - By Form:

• Powder
• Oil
• Seeds
• Others

Powder segment is ruling with the dominant shares of the market owing to growing rules and regulation from the government authorities over the food production systems. Oil segment is expected to have the highest shares of the market.

Sacha Inchi Oil Market - By Type:

• Natural
• Organic

Among these, the Natural segment dominates the Sacha Inchi Oil Market shares. The natural form segment is anticipated to show its dominance in the sacha inchi oil market over the projected period. This is due to the natural oil does not go through the process of obtaining organic certification which involves additional cost, paperwork, etc. The easy availability with less price of natural sacha inchi oil increases the demand for natural form of Sacha Inchi Oil. This helps to drive the natural form segment over the forecasting period. The organic form is expected to show the fastest CAGR growth in the Sacha Inchi Oil Market over the projected period. This is due to the increase in demand for organic products by the consumer.

Sacha Inchi Oil Market - By Application:

• Pharmaceuticals
• Cosmetics
• Food And Beverages
• Dietary Supplement
• Others

Among these, the pharmaceutical segment dominates the Sacha Inchi Oil Market size. The Pharmaceuticals segment is anticipated to show its dominance in the Sacha Inchi Oil Market over the projected period. This is due to the properties of Sacha Inchi Oil. As this oil contains Omega-3 fatty acids, it helps to maintain cardiovascular health and reduces the risk for cardiac diseases. This is also used in the manufacturing of health supplements. This is also used as a natural substitute for antioxidants in pharmaceutical manufacturing companies. The cosmetics segment is anticipated to show the fastest CAGR growth in the Sacha Inchi Oil Market over the projected period.

Sacha Inchi Oil Market – By Region:

Regionally, the Asia Pacific region dominates the Sacha Inchi Oil Market shares. The Asia Pacific region is expected to show dominance in the Sacha Inchi Oil market over the projected period. This is due to the increase in development in the emerging countries in this region such as the sacha inchi oil industry in China, India, Japan, South Korea, and Indonesia markets. The increase in demand from consumers for new and health-beneficial products is encouraging the demand for new product launches in the market. Additionally, the increase in awareness among consumers towards the benefits of using Sacha Inchi oil.

The Latin American region is expected to show the fastest CAGR growth in the Sacha Inchi Oil Market over the projected period. This is due to the expansion and development ambitions in Brazil, Argentina, Chile, Columbia, and other nations have increased. Particularly, over the projection period, research & development efforts to develop fresh, specialty solutions are likely to continuously expand. The North American region is anticipated to show the fastest CAGR growth over the projected period. This is due to the various brands and retailers focusing on increasing their growth across the globe.

KEY MARKET PLAYERS:

Key market players of Sacha Inchi Oil Market are MG Natura Peru S.A.C, Peruvian Nature, Arista Industries, Axiom Foods, Herbo Nutra, Paras Perfumers, Imlak'Esh Organics, Nature's Power Nutraceuticals, Flora Health.

RECENT HAPPENINGS IN MARKET:

To distribute plant proteins in the United States and Canada, the Brenntag Food & Nutrition business unit in North America, which is a member of the Brenntag Group, has announced a partnership with Axiom Foods, Inc. The ingredient line comprises oat and rice dairy-replacement powders, texturized pea proteins from Axiom, hemp, pea, pumpkin rice, and sacha inchi proteins.