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Sacha Inchi Market Segmented By powder and liquid form with application such as pharmaceuticals, cosmetics, food and beverages, dietary supplement and others
Sacha inchi is also known as Plukenetia volubilis, which also includes sacha peanut, mountain peanut or Inca peanut. It is native to South America and Northwestern Brazil as well as in some of the Caribbean countries. Sacha inchi is also cultivated mostly in South East Asia in Thailand. The seeds contains high protein and oil content. Sacha inchi is also rich in essential fatty acids such as omega-6 linoleic acid and omega-3 linoelic acid along with non-essential acids such as omega-9 acids.
Sacha inchi is available in oil forms which contains a mild flavor which has nutty finish and is widely used for a variety of prepared foods and cuisines. It's oil is very rich in alpha-linoelic acid which is safe to consume and helps in increasing blood levels of HDL cholesterol. Sacha inchi oil is comparable with flaxseed oil. It also contains very high amount of tocopherols which contains gamma tocopherol and delta tocopherol.
The global sacha inchi market is segmented on the basis of form, application, and region type. Market segment as per form, it is segmented on the basis of its form in powder and liquid. Among these, powder segment is expected to fuel these market over the forecast period. Among these form segment liquid segment is expected to contribute more that 50% market share and expected to grow at higher space. On the basis of application, the market is segmented into pharmaceuticals, cosmetics, food and beverages, dietary supplement and others.
On analyzing the demand of Sacha Inchi in form of liquid, it was assessed that pharmaceutical, cosmetics and food and beverage industry along with dietary supplements acquires majority of share in terms of volume. In food and beverage industry, Sacha Inchi oil form is used in many food products and prepared foods due to ease of digestibility which does not cause any irritation like other oils. Hence, the global market is expected to significantly increase the revenue contribution over the forecast period.
Geographically, the global industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, Latin America has developed as the most dominant region in global market followed by Europe and North America. Increasing usage of this oil in various food products and cosmetic products has strengthened the growth of global market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
The global Sacha Inchi market driving factors are increasing demand for natural ingredients of Sacha Inchi in various cosmetics and personal care products is important driving factor. Major driver behind increasing demand of this oil in current market scenario is due to its properties which is used mainly for manufacturing nutritional supplements as it contains very high concentration of polyunsaturated fatty acids which contains very less amount of cholesterol. The oil has a delicious and distinctive flavor and aroma which makes it popular in using for making various prepared foods in Latin American countries.
Some of the key players identified across the value chain of the global Sacha Inchi market includes Imlak'esh Organics, MaiSavanhLao, Nature’s Power Nutraceuticals Corp, Flora Manufacturing & Distributing Ltd., HERBS AMERICA COMPANY, LLC. and others. The companies are expected to expand their business by enhancing their product portfolio in global market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global market till 2027.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.