Market Outlook of Spikenard Essential Oil:

An essential oil is a liquid containing aroma or fragrance compound taken from different parts of plants. Essential oils are also called as ethereal oils, volatile oils, or aetherolea. An oil is considered to be essential as it contains the essence of plants, which is one of the main reason to provide the fragrance and aroma to the oil. Essential oils are mainly used in cosmetics, soaps, perfumes and other personal care products. Essential oils are being used in the food and beverage industry in order to increase the aroma of the food product. It is used during the aromatherapy, as it induces relaxation for the body. There are different types of essential oils available such as cinnamon essential oil, clove essential oil, lemon essential oil, spikenard essential oil, ginger essential oil, cumin essential oil, rosewood essential oil, sandalwood essential oil among other essential oils. Spikenard essential oil is made from spikenard tree. Spikenard essential oil is mostly found in APAC region. Spikenard essential oil is otherwise called as muskroot, nardin and nard. Spikenard essential oil has been used for many years to treat various problems in female reproductive organs such as ovaries and uterus. Spikenard essential oil is used for healing skin related problems. Spikenard essential oil market will increase in the upcoming years for its various medicinal properties.

Growing consumer preference for Aromatherapy is promoting demand for Spikenard Essential Oil for its soothing and relaxing benefits:

Spikenard essential oil is extracted by a process known as steam distillation of the spikenard resins obtained. Spikenard essential oil is widely used as an herbal medicine in places such as India and Nepal. Spikenard essential oil possesses many properties such as antifungal, antibacterial and anti-inflammatory. Spikenard essential oil is also used as a deodorant, sedative, laxative and a uterine substance. Spikenard essential oil is earthy and has a soil-like smell, which can be used in aromatherapy as a calming and a sedative agent. The spikenard essential oil consists of calarene, aristolene, coumarin, clalarenol, nardol, dihydroazulenes, nardostachone, jatamanshinic acid, valerianol, valeranone, and valeranone as its important components, which are also the main sources of its medicinal properties. Spikenard essential oil possess antibacterial properties which makes it as an efficient skincare agent. The spikenard essential oil also helps cure ailments which are caused by fungal infections such as food poisoning, itching, psoriasis, dermatitis, and other fungal infections. Spikenard essential oil helps eliminating odor as it carries a pleasant smell, which can also be used as a deodorant.

Global Spikenard essential oil Market: Market Segmentation

On the basis of end use, the global spikenard essential oil market has been segmented as:

  • Household Care
  • Healthcare
  • Cosmetics and Personal Care

On the basis of functions, the global spikenard essential oil market has been segmented as:

  • Antibacterial
  • Antifungal
  • Anti-inflammatory

On the basis of distribution channel, the global spikenard essential oil market has been segmented as:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Pharmaceuticals
  • Online Retail

Global Spikenard Essential Oil Market: Market Participants

Some of the market participants operating in the global spikenard essential oil market identified across the value chain Kanta Enterprises Private Limited, AOS Products Private Limited, Aromaaz International, Lipotec S.A.U., Avi Naturals, N. CHIMANLAL & CO., Kanta Enterprises Private Limited., Kazima Perfumers, Venkatramna Industries, Monte Orleans Incorporation., Ambre Blends, Essential Aura Aromatics, Beach Stonearoma among the other Spikenard Essential Oil participants.

Key Developments in the Spikenard Essential Oil market:

In the year 2018, Ambre Blends. The company got featured in most of the health and wellness, cosmetic and personal care magazines such as organic spa, new beauty magazine, HARPER’S BAZAAR AUSTRALIA, glamourmag.com and many other fashion blogs which creates an awareness among the consumers regarding spikenard essential oil benefits.

Opportunities for Participants in the Spikenard Essential Oil Market:

The potential for the growth of the spikenard essential oil market is quite high owing to its various health benefits. The population in regions such as Northern America and Latin America use Spikenard essential oil on a daily basis. If the same practice is adopted by other regions, the spikenard essential oil is likely to lead to global market growth.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Spikenard Essential Oil Market