Folded oils are those essential oils which are concentrated three to four times with the help of cold concentration processes. Folded oils are more concentrated than normal essential oil. Folded oil are widely used in the food and beverage industry, especially in the confectionary sector. Manufacturers across the globe are using folded oil to make flavorful beverages. Folded oils are ecofriendly and are safe to use in any cosmetic items. The ingredients present in the folded oils are high in quality due to which the price of the product is also high when compared with the normal essential oil. The use of folded oil is not limited to food, beverage and cosmetic industry but also used in the pharmaceutical industry for making medicines. Small amount of folded oils are also used in the aromatherapy for relieving stress and relaxing the body. The growing demand from the fragrance industry is anticipated to bolster the demand for folded oils over the forecast period.
Extensive Use of Agarwood Folded Oil In the Fragrance Industry
The evolution of the perfume market began back in the nineteenth century when perfumes turned from being an item of limited use to a largely circulated, more widely consumed commodity. The use of agarwood and agarwood essential folded oil in perfumery also became a traditional practice in the fragrance industry. Both agarwood folded oil and smoke are extensively used in GCC countries for perfumery purposes. In India, the distillation of agarwood folded oil is done separately into various grades before being blending into a water-based perfume containing agarwood folded oil i.e. Minyank Attar, traditionally used by Muslims. Agarwood fragrance is not only an integral aspect of the embalming process but also grants a badge of individuality to people, which is anticipated to be a key reason for the upsurge in demand of agarwood folded oil from the perfumery industry.
Global Folded Oils: Market Segmentation
On the basis nature, the global folded oil market has been segmented as –
On the basis end use, the global folded oil market has been segmented as –
- Food & Beverage Industry
- Personal Care & Cosmetic Industry
- Pharmaceutical Industry
On the basis sales channel, the global folded oil market has been segmented as –
- Pharmacies & Drug Stores
- Specialty Stores
- Franchise Outlets
- Online Retailing
Global Folded Oils Market: Key Players
Some of the major manufacturers and suppliers operating in the global folded oil market are BIOLANDES SAS , Biolandes SAS, doTerra, Dauper S.A, Katyani Exports, Gritman Essential Oils, Essential Oil Wizardry, Biofinest USA, Nusaroma, Farotti Srl, Deve Herbes, HYSSES Pte Ltd., WEFIVE group, Falcon Essential Oils, Albert Vieille SAS, Flavex Naturextrakte GmbH, India Essential Oils, Rocky Mountain Essential Oils and Sydney Essential Oil Co among others.
Opportunities for Market Participants
Folded oil makers are confronting more tightly net revenues disturbed by the requests of processors and retailers and their private name brands. Though the drift towards superior ingredients is driving today's folded oil industry, there keeps on being a business opportunity for low-cost essential oils of the fragrance market. Retailers specifically are quick to limit costs for their private label ranges, which cater to a vast segment of value-conscious customers. With raw material costs rising and the cost of essential food expanding quickly, low-cost of folded oils for necessary cosmetic items will keep on being on demand. Folded oils are likewise critical to makers in developing markets where items are sold at lower costs to draw in customers in adequately huge numbers. Hence coming up with low cost folded oils could become a significant opportunity for market participant operating in the essential oil market.
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