With
consumers from around the world showing more inclination toward
products derived from natural ingredients, the global eucalyptus oil
market has immense growth prospects on cards. According to
Transparency Market Research (TMR), the global eucalyptus oil market
will revel in the high demand from cosmetics and drugs manufacturers.
Besides this, the rising use of eucalyptus oil in foods with natural
additives will keep the demand high through the forecast period from
2017 to 2025. Since consumers around the world are willing to spend
on healthy food and natural ingredients, experts suggest that the
global eucalyptus market will exhibit a positive trajectory in the
coming years. Due to the presence of a significant level of cineole
content, an organic compound possessing several many medicinal
effects, the use of eucalyptus oil has increased in novel
pharmaceutical applications. Spurred by these factors, the global
eucalyptus oil market will exhibit strong growth in the coming years.
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By
nature, the global eucalyptus oil market is segmented into organic
and conventional. The organic segment is likely to be the most
attractive segment in the forecast period owing to the increasing
number of individuals inclining in favor of the consumption of
organic food products. Also, organic food products are proven to be
healthier, hence health conscious individuals are willing to pay high
prices for organic food products. On the basis of grade, the
eucalyptus oil market can be segmented into pharmaceutical grade,
fragrance grade, and industrial grade. Furthermore, on the basis of
application, the eucalyptus oil market is segmented into food &
beverages, therapeutics and cosmetics, aromatherapy, fragrances,
others. By sales channel, the eucalyptus oil market can be segmented
into wholesalers/distributors, modern trade and retail stores,
specialty stores and online retail. The wholesalers/distributors
segment is estimated to dominate the eucalyptus oil market throughout
the forecast period.
Regionally,
North America, Latin America, Europe, APAC, and MEA make the key
segments in the global eucalyptus oil market. Among these regions,
Europe and North America are likely to remain the leading markets for
eucalyptus oil through the forecast period, trailed by Asia Pacific.
The rising demand for eucalyptus oil due to its cosmetics and
therapeutics uses is likely to boost the market in North America.
However, it is important to note that regions such as North America
and Western Europe do not have eucalyptus oil in abundance, hence
they primarily depend on imports from Asian and MEA countries. This
affects the prices of eucalyptus oil, in turn affecting their sales.
Revenue generated from the global eucalyptus
oil market is estimated to be valued at roughly US$ 41.7 Mn
by the end of 2017 and is expected to increase at a CAGR of 5.6% over
the forecast period. The global eucalyptus oil market is expected to
be valued at US$ 64.6 Mn by the end of 2025.
Some
of the major companies 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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