Essential Oil Isolate Market
Essential oil isolates are highly concentrated compounds extracted from plants with a specific fragrance and used extensively by fragrance manufacturers. They are often used in aromatherapy as a base perfume or in oils, soaps, candles and cosmetic products. The purest essential oil isolates are obtained from jasmine, eucalyptus, lavender, corn mint, lemon, clove, tea tree and orange. They are also a good source of bioactive compounds and antimicrobial and antioxidant properties; Therefore, they are experiencing great demand from the pharmaceutical sector. Eucalyptus essential oil, for example, improves immunity and helps heal coughs and colds, and relieve pain caused by arthritis.
The most important driver of the market is the increasing awareness of customers for natural and organic products. The growing number of small, medium and large manufacturers around the world is stimulating market growth. Manufacturers use different strategies to survive fierce competition. Some players are hiring celebrities to promote their newly introduced essential oil isolates.
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Consumer inclination towards aromatherapy to improve metabolism, blood circulation and digestion
Increasing consumer health awareness, changing lifestyles, the influence of social media and increasing purchasing power are driving market growth. The essential oils and essential oil isolates are widely used in aromatherapy. Consumers tend to use aromatherapy to improve metabolism, blood circulation, digestion, and hormonal function. The world market for aromatherapy was estimated at $ 1.3 billion in 2018 and is expected to grow at a CAGR of 10.4%. According to the article published by Sciencedirect, aromatherapy is suitable for a large number of people. In the research, about 3,000 patients received aromatherapy, and only 1.67% of patients had complications.
Essential Oils Market: Segmentation
Rapidly growing cosmetics industry to fuel essential oil market growth
Growing consumer awareness of beauty and health is a major contributing factor to the essential oil isolate market. The worldwide increasing demand for natural cosmetic products provides impetus for market growth; According to statistics from Statista, the natural cosmetics market was estimated at around 800 million US dollars in 2019 and is expected to grow with a CAGR of 6.6%. India, China and Brazil are leading contributors to the market due to increasing consumer spending on cosmetic and personal care products. India’s beauty and personal care industry was valued at $ 8 billion in 2018 and is expected to grow at an annual growth rate of 6%, according to the report released by the Department of Economy and Industry.
Personal care and pharmaceutical industries are important segments for the essential oil isolate market
The fast growing pharmaceutical industry will have a huge impact on the essential oil isolate market in the near future. The global pharmaceutical market value was USD 1,204.8 billion in 2018. Essential oil isolates like anise oil isolate, agarwood oil isolate, benzoin oil isolate, bitter orange oil isolate, black pepper oil isolate are u products because of their multiple benefits. For example, anise oil is highly effective in treating whooping cough, cramps, colic, bronchitis, rheumatism, gas, migraines, headaches, muscle aches and pains. Likewise, the black pepper oil isolate is helpful in treating chills, colds, muscle aches, exhaustion, rheumatism, pain relief, flu, increased blood circulation, physical and emotional cold, nerve tonic and fever. Cajuput Oil Isolate is effective in helping with infections such as bronchitis, laryngitis, and colds. It is also effective for asthma, sinusitis and sore throats etc. Bitter orange oil is effective for relieving colds, flu, mouth, constipation, gas, gums, slow digestion and stress.
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Regional overview
Rising awareness of beauty is driving the essential oil isolate market in Asia Pacific
The market for essential oil isolates in the Asia-Pacific region is being strengthened by the rise in beauty awareness, which is driving demand for cosmetic products in India, China, Japan and South Korea as a result. According to the report released by the Ministry of Economy and Industry, India’s per capita spending on beauty and personal care products was around $ 6.3 in 2015. The Asia-Pacific region is the hub for producers of essential oil isolates from raw materials and low labor costs due to its ready availability. In addition, the booming agriculture supports the market growth in the region. The Asia-Pacific region is the largest producer of corn, clove, lemon and orange, among others, which are the main ingredients for essential oil isolate.
North America is also a significant region in the essential oil isolate market due to the huge pharmaceutical market and the presence of prominent health and pharmaceutical companies. In 2018, North America alone accounted for 48.9% of the global pharmaceutical market. According to a report released by ACS Publications, the US is also the largest importer of essential oil ($ 2,721 million), consuming about 40% of all the world’s essential oil. After the USA, Europe is the second largest importer of essential oils with around 30%, followed by Japan with 7% of world imports.
Africa is also one of the largest producers and consumers of essential oils, according to the report published by ACS Publications. The region mainly exports essential oils to the US, Europe, Japan, among others.
Key characters
Advanced biotechnology
Plant therapy
Soap and ointment company
Hermitage oils
Essential oils
NOW groceries
DoRTerra
Flavex Natural Extracts GmbH
Ungerer and Company, Inc.
Young Living essential oils
Essential oils from India
cedar
The Lebermuth company
Aftelier perfumes
Training as a perfumer
Aromatic natural skin care
Essential Oil Isolates Market Segmentation
According to source
fruit
herb
leaves
seed
wood
Peel
root
After application
Cosmetics industry
Pharmaceutical industry
Aromatherapy
By distribution channel
B2B
B2C
Branch based retail
Supermarket / hypermarket
Convenience stores
Medicines and pharmacies
Online retail
By region
North America
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Malaysia
Singapore
Vietnam
The rest of Europe
Central and South America and the Caribbean
Brazil
Argentina
Colombia
The rest of Central and South America and the Caribbean
Middle East
Saudi Arabia
United Arab Emirates
Oman
Bahrain
The rest of the Middle East
Africa
Nigeria
South Africa
Ghana
Tanzania
The rest of Africa
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This press release was published on openPR.
