Mongongo Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Albany, NY -- (SBWIRE) -- 09/06/2018 -- Mongongo oil is extracted from the nuts of the mongongo trees, native to Southern Africa. Traditionally, mongongo oil was used to soften and moisten the skin in the dry winter season in Africa. Mongongo oil has various unique properties such as excellent emollient and protectant for hair and skin as well as contain nutrients like copper, calcium, and zinc. It also contains high polyunsaturated fatty acids which remain on skin and hair for a longer time compared to saturated oils or monounsaturated fatty acids. The fatty acids in the oil act as a barrier to prevent moisture from escape and deliver emollient layer on the surface of the skin along with smoothing out rough texture and keep the skin glowing. Additionally, mongongo oil has antioxidant properties that help in stave off damage skin and signs of aging coupled with its regenerating, hydrating, and restricting properties make it a natural hair growth supporter. Currently, mongongo oil is a new entrant to the hair care and skin care products as the core ingredients. It can also be used as a spot treatment for eczema, acne, psoriasis, and various other skin problems.
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Expanding personal care industry, rising trend of personal grooming, rapidly accelerating consumer awareness, increase in demand for organic products, and changing lifestyle are some of the factors accelerating the need for mongongo oil in the market worldwide. Moreover, growing demand for skin care and hair care products due to its sun protection, strong antioxidants properties coupled with increasing disposable income of consumers, the rise in e-commerce activities, and accelerating trend of product premiumization are another factors fueling the growth of global mongongo oil market during the forecast period. However, availability of alternative products in the market such as coconut oil, avocado oil, and growing government rules and regulations may hamper the growth of the global mongongo oil market in the near future.
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Some of the key players operating in the global mongongo oil market are Ouidad, Inc., Mielle Organics LLC, Shea Terra Organics Company, Kalahari Natural Oils Ltd., Caribbean Natural Products Inc., MopTop, Inc., others.