Mink oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Mink oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Food

Report Description


Mink is carnivorous mammal with a darker complexion, furry skin, and the native of the America and Europe. The American mink belongs to the genus of Neovison, while the European mink belongs to the Mustela genus. Mink is commercially hunted for its fat which is being rendered further to extract mink oil which found commercial applications in leather industry. In can be used for treating, preserving and in the maintenance of almost every kind leather products. Mink oil is an under-appreciated resource due to its use in limited application segments and is majorly controlled by a hand full of mink oil processing and supplying companies based in the U.S., Canada, and Europe. This is attributed to the regional availability of mink in the aforementioned regions.

Mink oil Market Segmentation

Mink oil market is segmented on the basis of grade, application, packaging type, distribution channel, and region. On the basis of grade, the mink oil market is segmented as low grade and value-added. The low-grade mink oil segment accounts for a high share of the market. Whereas, the value-added mink oil segment has its own established consolidated market. Any new market player who wants to penetrate this segment of the mink oil market is expected to capture the share from existing players in this segment by offering value-added mink oil with better quality at a competitive price in the market.

On the basis of application mink oil market is segmented as; Animal Feeds, Leather Durrant, Cosmetics & skin care, others (bio-fuel). Animal feeds and leather durrant application accounts for a higher market share attributing to the use of low-grade mink oil in these applications.

On the basis of packaging type, the mink oil market is segmented into Can, P.E.T, and glass. The Can packaging is frequently used in the mink oil market as it offers ease of use to the end users. Owing to this market share for Can packaging is high in the mink oil market.

On the basis of the distribution channel, the mink oil market is segmented into direct sales and indirect sales. The indirect sales segment can be further sub-segmented into modern trade, retail stores, and online retailers. The market of modern trade retailers dominates the mink oil sale globally followed by online retailers. The share of online retailers is likely to expand in the near future due to increase in the global demand for mink oil in leather and cosmetic products.

On the basis of the region, the Mink oil market is segmented into Asia Pacific, North America, Latin America, Europe, Middle East and Africa and Japan. The production and processing of Mink oil are based in North American and European region and is attributed to the regional availability of mink in the region.

Mink oil market Global Market Trends and Market Drivers:

Owing to the Europe’s position as the center of the world’s cosmetic industry and cosmetics being one of the biggest mink oil market in Europe which solely drives the global demand for mink oil as an essential ingredient in many of the existing cosmetic products and in those cosmetic therapies which are in the phase of evolution. Thus, mink oil market still holds future growth potentials with applications in cosmetic industry. This growth is also supported by the utilization of mink oil in animal feeds sector aided by the established rendering facilities in the U.S and Canada. However, in line with the prolonged utilization of low-grade mink oil and mink oil paste as durrant in the already matured leather industry limits the overall market growth to stagnant levels. Moreover, the rising restrictions from the animal welfare association and rising pressure on global cosmetic industry to minimize the use of ingredients sourced from animals may restrict the future growth of the mink oil market.

Mink oil Market Key Players:

Variety of Mink oil products with multiple formulations have been introduced by the manufacturers and some of the global market players manufacturing the Mink oil in the market include; Emulan Company, S.C. Johnson & Son, INC (Kiwi brand INC), Spec Environmental Solutions INC, Quimipur S.L.U., C.A. Zoes Mfg Co., are among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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