Savory Oil Market Introduction
Savory oil is an essential oil which is team distilled from savory herbs and flowers. The savory oils are hot like thyme and a bit of pungent and bitter. These savory oils are extremely high in phenol like in oregano and thyme. It also contains carvacrol, thymol, cineol, pinene, and cymene. Savory oils are extracted from two types of herbs which include Satureja Hortensis and Satueia Montana; these are further called as Summer savory oil and Winter savory oil respectively. This essential oil is derived from native plants which are found in Africa and Europe. The savory oil market is growing because of its health benefits and usage in the food industry. Savory oil is a stimulating oil which is used to treat arthritis, and it is antibacterial, antioxidant and anti-fungal in nature. The savory oil acts as a pain relieving remedy and also stimulates the immune system.
Savory Oil Market Segmentation
Savory oil market can be segmented on the basis of types, application, packaging, distribution channel, and region.
By types, savory oil market can be segmented into Summer Savory Oil and Winter Savory Oil. Summer Savory Oil has more benefits than Winter Savory Oil and is considered more preferable for cooking because it has less pungent and biting taste compared to Winter Savory Oil. Hence Summer Savory Oil is driving the market more than the Winter Savory Oil.
By application, savory oil market can be segmented into the food industry, personal care, and pharmaceutical industry. In the food industry, the Summer Savory Oil is used in cooking food. Summer and Winter Savory Oil both are used as a flavour in food, but Summer Savory Oil being the well-accepted one. Savory Oil is used as condiments and in marination of meat and fish products. In personal care due to its antiseptic properties, it is used to make soaps. In the pharmaceutical industry, savory oil is used for medicinal purposes to treat burns, ulcers, bites, to stop bleeding and others.
By packaging, savory oil market can be segmented into glass bottles and P.E.T bottles. By distribution channels, savory oil market can be segmented into direct and indirect sales, which can be further sub-segmented as modern trade units, food service establishments, departmental stores, convenience stores, retail stores and online retail.
By region, North America savory oil market has driven by the consumer awareness for herbal and organic products. The benefits of savory oil is also driving the market of Asia-Pacific, and it is the fastest growing market for savory oil. Europe and Africa being the producer of the Savory herb are the leaders of Savory oil market.
Savory Oil Market Drivers, Trends, and Restraints
According to the recent trend of being healthy and leading a healthy lifestyle, people of the urban region are more attracted towards the organic products than the chemical ones. One of the significant benefits of using savory oil is that it has anti-fungal and anti-septic properties which can heal many infectious diseases in human. Savory oil is used as healthy food preservative and additives due to its anti-bacterial properties. It gives a tangy taste and flavor to the food also. The people who are health concerned, look forward to savory oil for cooking as it is an excellent source of vitamins and minerals. Savory oil is the richest source of iron, potassium, calcium, magnesium, zinc, manganese and selenium. The savory oil is an important source of vitamins like B-complex group vitamins, vitamin C, vitamin A, thiamine, niacin, and pyridoxine. One of the most benefits of savory oil is that it is cholesterol free. Savory oil can relieve a sore throat and treat bronchitis to a level when used in food. These are the reasons why people are attracted towards savory oil and thus driving the market globally.
In the few parts of the world lack of knowledge about the benefits of the savory oil is obstructing the market to grow. The price of savory oil, compared to other edible oils are a bit higher, due to which people are not able to afford, and hence it is inhibiting the market to grow.
Savory Oil Market Key Players
The benefits of savory oil are attracting the manufacturers to produce and supply savory oil and its products among customers around the globe. Some of the key manufacturers of savory oil are Crystal Aromatics, Gritman Essential oils, Living Libations, Mountain Rose Herbs, Jade Bloom, Florihana, Oshadhi, Hopewell Essential Oils, Shamim Daru Co., Stillpoint Aromatics, Edens Garden, Spectrum Chemical Manufacturing Corporation Pvt Ltd., Young Living Essential Oils, Parchem Fine and Speciality Chemicals and 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.