Aniseed Oil Market Introduction:
Aniseed oil, derived from seeds of a star shape fruit also known as Anis, Pimpinella anisium, Anisto (Spanish) has been traditionally used as a home remedy in Dominican healing tradition. Aniseed oil is extracted by steam distillation process and has been used since 1800's. It has also been used as fragrance in food, creams, perfumes, soaps.
The oil has been granted the status of GRAS (Generally recognized as safe) substance by USFDA and thus is available as therapeutic grade essential oil. The oil blends well with ginger, lemon, lavender and orange which is expected to drive the demand from perfume and fragrance market during the forecasted period. Aniseed oil is added in food preparations for its flavor and tea preparations, and also used as a home remedy for cough and respiratory stimulant.
Aniseed Oil Market Segmentation:
The global aniseed oil market is segmented on the basis of application & distribution channel, and region. Based on its application, the global aniseed oil market is segmented as personal care and cosmetics, pharmaceutical, food and others which include massage oil etc.
The pharmaceutical segment is expected to dominant market over the forecast period, attributed to the increased demand of natural plant based home remedies. Personal care and cosmetics market segment is also expected to grow due to wide application of aniseed oil in fragrances and perfumes, soaps and creams. Aniseed oil is a well-accepted condiment, also used in various recipes throughout the globe and thus the food application market segment is also expected to grow with rise in demand of the same. Aniseed oil due to its aromatic nature is used with dilution in massage therapy, thus increasing popularity in aromatherapy. The market is expected to have a steady growth over the forecast period.
Based on distribution channel, the global aniseed oil market is segmented as online retail, pharmacy store, supermarkets, and specialty stores. Among which, the online retail is expected to increase its revenue shares over the forecast period.
Aniseed oil Market Regional Outlook:
On the basis of regions, the aniseed oil market can be segmented into seven key regions as; North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. Asia Pacific region mainly China has the major share of global aniseed oil market which is expected to grow at a steady rate. Europe regional market is expected to rise at a relatively higher growth rate over the forecast period, attributed to the increased demand driven by consumers increasing trust on natural plant based products. The installation of large process industries in the region of Western Europe is expected to drive the market of aniseed oil.
Aniseed Oil Market Drivers and Trends:
The increased awareness among consumers regarding health benefits of natural plant based products and its safety in use is the major factors expected to boost market demand for aniseed oil market. Another factor expected to lead the market is changing consumer preference and lifestyle, with a higher natural product acceptance. Aniseed oil blends well with other essential oils like, sandalwood, lavender and coriander which is expected to drive the perfume and fragrance market during the forecasted period.
The rise in price of high quality aniseed oil products is anticipated as a restraining factor for the aniseed oil market over the forecast period.
Aniseed Oil Market Key Players:
Some of the key players in the global aniseed oil market includes ; Young Living Essential Oils, Nature's Alchemy Essential Oil, Now Foods Essential Oils, Healing Solutions Essential Oils, Plant Therapy Essential Oils, Aura Cacia Essential Oils, Mountain Rose Herbs Essential Oils, Fabulous Frannie Essential Oils, Plant Guru Essential Oils, Butterfly Express Essential Oils.
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.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.