A
report by Transparency Market Research (TMR), titled “Anthopogon
Oil Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016–2024,” offers an immaculate understanding of
the various aspects of the market. These aspects include market
dynamics, vendor landscape, and detailed analysis of the segmentation
based on end-use industries and geography.
The
widening applications of fragrance and flavors in the food and
beverages, personal care, and medicinal usage are providing a fillip
to the global
anthopogon oil market. Fragrance holds a great importance in
the food and beverages and personal care industry as consumers are
more likely to purchase products that have better fragrance. Unlike
most of the traditional drugs and medicines, anthopogon oil carries
no detrimental side effects and therefore, its demand is likely to
remain high throughout the forecast horizon.
In addition, the swelling demand for natural care product line and
pleasant scented fragrances in spas, cosmetics, and perfumes is
further escalating the demand for anthopogon oil. The rapid
industrialization and rising disposable income of people around the
world are also playing an important role in the growth of the market.
On the flip side, the rising concerns regarding resource cultivation
are inhibiting the growth of the market. A massive amount of raw
material is required to create one ounce of oil. This is further high
capital investment needed to cultivate anthopogon. Moreover, in
several countries, strict government regulations pertaining to the
trade of herbs are keeping the market from realizing its full
potential.
On
the basis of end-use industry, the global anthopogon oil market can
be divided into food and beverage, personal care and cosmetics, and
pharmaceutical and medical. From the geographical standpoint, the
report segments the market into Asia Pacific excluding Japan, Eastern
Europe, Western Europe, Japan, the Middle East and Africa, Latin
America, and North America. Eastern and Western Europe collectively
account for a substantial share in the global arena. The burgeoning
demand for medicines, beauty products, and natural cosmetics among
youth and geriatric population, especially in countries such as
Spain, the U.K., Germany, Italy, and France, is contributing to the
growth of these regions.
For
more information on this report, fill the form @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19103
North
America will also hold a prominent position in the global anthopogon
oil market owing to the high disposable income. The tax benefits and
subsidies provided by governments are encouraging the production and
application of anthopogon in the region. Asia Pacific excluding Japan
is expected to post a noteworthy CAGR, owing to the increasing
industrialization and rising disposable income in developing
countries, including China, India, Vietnam, and Thailand.
Some
of the key companies operating in the global anthopogon oil market
are Farotti Essenze, Sydney Essential Oils, The Lebermuth Company,
Biolandes, Falcon, doTerra, Young Living Essential Oils, Essential
Oils, Moksha Lifestyle Products, Sydella Laboratoire, and Ungerer
Limited.
No comments:
Post a Comment