A recent report published by Transparency Market Research on the global mink oil market includes industry analysis and opportunity assessment for 2021-2031. The Latin America mink oil generated around US$ 2.34 Mn, expanding at a CAGR of 4.7% during the forecast period.

Natural Sebum Oil to Escalate Demand for Mink Oil

Globally, the mink oil market is likely to rise at a steady growth rate, due to high awareness about the healing properties of mink oil and its partial use in the medical industry. The modern day advantage of mink oil is its similarity to secretions from human sebaceous gland, which releases the sebum oil. Besides, the oil is known to help protect human skin from damage, thus driving its demand for skin care products.

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Today, mink oil has been recognized as an effective sebum oil help to enhance human skin. The mink oil has the ability to treat skin problems. Besides, medical benefits has now made mink oil a popular product among consumers, and this increasing popularity is expected to bolster the demand for mink oil in the near future.

Mink Oil Market: Key Takeaways

Premium grade mink oil is anticipated to expand at a high CAGR of 3.7%, in terms of value by 2031. The low grade mink oil projected to grow at a CAGR of 3.6%.
Based on end-use, the cosmetics & personal care segment is likely to expand at a CAGR of 4.4% during the forecast period
Mink oil market in East Asia, Europe, and Latin America is anticipated to grow at a high rate. However, East Asia is considered to be emerging region for the mink oil market at the growth rate of 4.5%.
Rising awareness about leather care products is likely to further fuel the demand for mink oil with 2.6% growth rate in 2021
Mink Oil Market: Key Players

Some of the key players engaged in the manufacturing of mink oil are
Touch of Mink
Spec Environment solution
PFAU Oil
Fitohim farm LLC
Mink Seal company
AILI Inc.
MOsselman
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Increasing Preference for Authentic Fatty Acids to Fuel Demand for Mink Oil

Consumer inclination toward authentic mink oil products is anticipated to witness significant increase due to the benefits from omega 7 fatty acids and palmitoleic acid. Manufacturers and suppliers of emollients and lubricants products are optimizing product offerings according to the consumer demand. The manufacturers are leveraging business opportunities in fatty acids and the mink oil market, owing to high profit margins.

The altering choices of consumers toward avoiding the products with no additives and chemicals have increased the demand for genuine and natural products. Thus, consumers worldwide prefer natural products.

Regulations Imposed by Governments to Slower Demand for Mink Oil

The number of animal slaughtered in developed regions such as North America and Europe is very high. Governments across several regions of the world have already laid down guidelines regarding animal slaughtering and using animal products. As per the Fur Commission USA, the regulations set by the government may affect the mink fur farming, which can affect the supply of the necessary raw ingredients. Moreover, these regulation may affect the supply by slowing down the production of mink oil. These factors may hinder the growth of the mink oil market.

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Growing Concerns for Natural Product to Affect Market Growth

Globally, with the exceptional rise in utilization of natural products, the demand for unaffected and genuine products have reached new heights. Rising awareness of consumers over natural and organic trend has raised concerns on the usage of animal-derived products. Nowadays, consumers are more focused about products that impact the environment. Moreover, animal slaughtering has elevated the issues that have influenced the buying decisions of consumers, especially in developed regions such as North America and Europe. In addition, increased restrictions from associations of animal welfares to minimize the utilization of the products from various segments, which may affect market growth.