Global Eucalyptus Oil Market: Snapshot
With consumers from around the world showing more inclination toward products derived from natural ingredients, the global eucalyptus oil market has immense growth prospects on cards. According to Transparency Market Research (TMR), the global eucalyptus oil market will revel in the high demand from cosmetics and drugs manufacturers. Besides this, the rising use of eucalyptus oil in foods with natural additives will keep the demand high through the forecast period from 2017 to 2025. Since consumers around the world are willing to spend on healthy food and natural ingredients, experts suggest that the global eucalyptus market will exhibit a positive trajectory in the coming years. Due to the presence of a significant level of cineole content, an organic compound possessing several many medicinal effects, the use of eucalyptus oil has increased in novel pharmaceutical applications. Spurred by these factors, the global eucalyptus oil market will exhibit strong growth in the coming years.
Rising Demand for Organic Food Products among Health Conscious People to Drive Segment
By nature, the global eucalyptus oil market is segmented into organic and conventional. The organic segment is likely to be the most attractive segment in the forecast period owing to the increasing number of individuals inclining in favor of the consumption of organic food products. Also, organic food products are proven to be healthier, hence health conscious individuals are willing to pay high prices for organic food products. On the basis of grade, the eucalyptus oil market can be segmented into pharmaceutical grade, fragrance grade, and industrial grade. Furthermore, on the basis of application, the eucalyptus oil market is segmented into food & beverages, therapeutics and cosmetics, aromatherapy, fragrances, others. By sales channel, the eucalyptus oil market can be segmented into wholesalers/distributors, modern trade and retail stores, specialty stores and online retail. The wholesalers/distributors segment is estimated to dominate the eucalyptus oil market throughout the forecast period.
Europe and North America Showcase Lucrative Prospects for Market’s Growth
Regionally, North America, Latin America, Europe, APAC, and MEA make the key segments in the global eucalyptus oil market. Among these regions, Europe and North America are likely to remain the leading markets for eucalyptus oil through the forecast period, trailed by Asia Pacific. The rising demand for eucalyptus oil due to its cosmetics and therapeutics uses is likely to boost the market in North America. However, it is important to note that regions such as North America and Western Europe do not have eucalyptus oil in abundance, hence they primarily depend on imports from Asian and MEA countries. This affects the prices of eucalyptus oil, in turn affecting their sales. Revenue generated from the global eucalyptus oil market is estimated to be valued at roughly US$ 41.7 Mn by the end of 2017 and is expected to increase at a CAGR of 5.6% over the forecast period. The global eucalyptus oil market is expected to be valued at US$ 64.6 Mn by the end of 2025.
Some of the major companies operating in the global eucalyptus oil market are NOW Health Group, Inc., doTERRA International, Young Living Essential Oils, NHR Organic Oils, Plant Therapy Essential Oils, Integria Healthcare (Australia) Pty Ltd., Emu Ridge Eucalyptus, Ananda Apothecary, LLC, Sensient Technologies Corporation, Merck KGaA, Givaudan SA, Etosha Pan Pvt. Ltd., Frutarom Industries Ltd., International Flavors & Fragrances Inc., Firmenich International S.A, P.S.C. Aromatics, Symrise AG, Kama Ayurveda Pvt. Ltd., and Khadi Natural Healthcare.
Global Eucalyptus Market: Overview
Eucalyptus oil helps to improve immune system, relieve respiratory conditions and protect from variety of infections. Eucalyptus oil is a standout amongst the best essential oils for headaches, cough, sore throats, and seasonal allergies. Eucalyptus oil benefits are because of its ability to build up respiratory circulation, stir up the immunity, and provide antioxidant protection.
The oil is exhaustively utilized as an ingredient in fragrances, food, cosmetics and therapeutics, and aromatherapy sector. This exhaustive utilization is supporting the growth of eucalyptus oil market in the forthcoming years. Also, growth in demand for natural additives and preservatives in the food and beverage sector is projected to increase the CAGR rate of the eucalyptus oil market in the upcoming years. This is due to eucalyptus oil acts as a beneficial preservative agent and have antimicrobial activity in the food sector. Eucalyptus oil market is gaining its grip as a food additive that helps give typical fragrance and flavor to food items.
Global Eucalyptus Market: Notable Development
- Young Living Essential Oils, a key player in the basic oils market procured Life Matters, a wellness organization in direct selling industry in a deal of non-cash. This takeover will help the organization in the fortifying and growing its business
- Young Living Essential Oils extended its fundamental oil's portfolio with the dispatch of a few items to be specific Light the Fire, NEW Jade Lemon, Cool Azul, and Northern Lights Black Spruce. This scope of items gives a mix of oils taking into account shifting to the shopper needs
The market is exceedingly divided with countless members, for example, Young Living Essential Oils, DoTerra, and Biolandess SAS. Higher incorporation of key market players for crude material sourcing and appropriation is required to increase eucalyptus oil market rivalry. Epic value aggressiveness and mechanical progressions are a part of the significant variables impacting demand of the products.
Major companies engaged with the extension and improvement of the eucalyptus oil market incorporate Young Living Essential Oils, DoTerra, The Lebermuth Company, Essential Oils of New Zealand, and NOW Foods.
Global Eucalyptus Market: Drivers and Restrains
Cosmetics and Therapeutics Sector to Drive the Eucalyptus Oil Market
Eucalyptus oil is widely utilized as a significant element in therapeutics and cosmetics sectors. Other than this, eucalyptus oil is frequently utilized in food, fragrances, and aromatherapy industry. The rising tendency of purchasers toward items made utilizing natural elements will make a situation helpful for the development of the worldwide eucalyptus oil market. Also, the market will pick up from the rising interest for natural beauty care products items.
Rising Competition reduces Profit Margins of the Market
The eucalyptus market is limited by the absence of vertical addition among producers. Moreover, the rising competition among major companies’ present risk of diminishing net revenue. This can negatively affect the worldwide eucalyptus oil market. However, eucalyptus oil has superb calming, antifungal, and antibacterial properties, which are inferable from its rising use in novel pharmaceutical applications.
Global Eucalyptus Market: Geographical Outlook
Europe and North America Showcase Lucrative Prospects for Market’s Growth
Europe and North America are probably going to dominate eucalyptus oil market in the forthcoming years, trailed by Asia Pacific. The rising interest for eucalyptus oil because of its makeup and therapeutics utilizes is probably going to support the eucalyptus oil market in North America. Nonetheless, note that economies, for example, North America and Western Europe don't have eucalyptus oil in plenitude, consequently they fundamentally rely upon imports from Asian and MEA nations. This influences the costs of eucalyptus oil, thus influencing their deals.