With
competition increasing in the global eucalyptus oil market, companies
are focusing on expanding the product portfolios to gain edge in the
coming years. Besides this, investment in research and development is
likely to remain high as market players try forging high growth and
emerging at the fore. According to a new study by Transparency Market
Research (TMR), some of the most prominent names 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.
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TMR
pegged the global eucalyptus oil market at US$41.7 mn in 2017. Rising
at a CAGR of 5.6% between 2017 and 2025, the market will reach
US$64.6 mn by the end of 2025. Based on nature, the organic segment
held lead in the market. According to TMR, among segments based on
grade, the pharmaceutical grade segment held nearly 64.5% of the
global market in 2017. Regionally, Europe and North America are
likely to hold nearly 65% of the global eucalyptus oil market by the
end of 2025.
Rising
Use in Cosmetics and Therapeutics Industries to Boost Growth
Eucalyptus
oil is exhaustively used as an important ingredient in cosmetics and
therapeutics industries. Besides this, eucalyptus oil is often used
in aromatherapy, the food industry, and fragrances. The rising
inclination of consumers toward products made using natural
ingredients will create an environment conducive to the growth of the
global eucalyptus market. In addition, the market will gain from the
rising demand for naturally prepared cosmetics products. Against this
backdrop, a rising number of manufacturers are focusing to procure
natural ingredients and additives. Spurred by these factors, the
global eucalyptus oil market will exhibit impressive growth in the
coming years.
The
use of essential oil and aromatherapy has increased worldwide thanks
to the rising awareness about the healing properties of essential
oils. People have also come to realize the ways in which aroma
compounds help in enhancing physical well-being. Several researches
have also showed how the use of essential oils can curb infections
and the spread of certain diseases. Given the scenario, the
application of essential oils is most likely to increase in
aromatherapy and therapeutics. This will in turn create lucrative
prospects for market players to capitalize on in the near future.
Furthermore, the scope for application is increasing in medical
field, which is expected to boost the global
eucalyptus oil market in the near future.
Rising
Level of Competition May Decrease Profit Margins thus Adversely
Affecting Market
Eucalyptus
oil has excellent anti-inflammatory, antifungal, and antibacterial
properties, which are attributable to its rising use in novel
pharmaceutical applications. Also, due to the presence of a
considerable level of cineole content, which is an organic compound
with several medicinal properties, the use of eucalyptus oil is
likely to increase in the medical field. On the downside, the global
eucalyptus market is restrained by the lack of vertical integration
among manufacturers. In addition, the rising competition among key
players pose threat of decreasing profit margin. This can have a
negative effect on the global eucalyptus oil market.
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