Essential
oils are the oils that have been extracted from a plant source, and
which contain aroma compounds from the plant from which it has been
extracted. Guaiacwood essential oil is derived from Bulnesia
Sarmientoi plant which is found growing wild in Latin American
regions. The guaiacwood essential oil is obtained from the wood of
the plant, which has a strong and sensual woody fragrance with rose
undertones. Guaiacwood essential oil has been a perfumer’s favorite
due to its economical price point and strong performance, ever since
it was brought in commercial use from the 1890’s. Guaiacwood
essential oil is used in perfume manufacturing for its excellent
fixative properties and a deep fragrance profile. Guaiacwood
essential oil has also been reported to have multiple health benefits
and is used in aromatherapy as well.
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Guaiacwood essential oil is used extensively in high-quality perfumes as a base note or a heart note for its extremely soothing and woody aroma profile. The global fragrance industry is steadily increasing owing to an increased per capita income worldwide, especially in developed countries, where consumers are enabling themselves to spend more on luxury products such as perfumes and personal care products. Due to its economic nature with a strong panache to its aroma, Guaiacwood essential oil is used by high-end perfumers as well as local perfume manufacturers. This increase in global perfume market is leading to an increase in Guaiacwood essential oil demand globally. Guaiacwood essential oil is also used in cosmetics and personal care products for skin tightening properties along with the benefit or its aroma profile.
Apart
from its aromatic profile, Guaiacwood essential oil is also known for
its therapeutic properties. The Guaiacwood essential oil is used in
aromatherapy extensively to relieve anxiety and tension. Guaiacwood
essential oil scent is also known to be an aphrodisiac fragrance.
Owing to increasing awareness about the negative effects of
allopathic medicine, a large proportion of consumers are inclining
towards alternative therapies such as aromatherapy and phytotherapy.
This has surged the Guaiacwood
essential oil demand in the market.
Guaiacwood
essential oil is also known to be an anti-inflammatory agent and
anti-fluid retention agent. Guaiacwood essential oil is used for its
therapeutic properties to alleviate muscle and joint inflammation
caused by rheumatism. Guaiacwood essential oil’s anti-fluid
retention properties are used in the treatment of health conditions
such as gout where fluid retention is a major issue.
Some
of the key market players in Guaiacwood essential oil market are
Health and beauty natural oils, Vigon International, HYSSES,
Plantlife, Inc., Ahimsa Oils., The Lebermuth Company, Beach Stone
Enterprises, Lotus Garden Botanicals, Hermitage Oils., Divine Essence
etc.
The
opportunities for market participants in Guaiacwood essential oil
market are plenty owing to the synergetic effect of multiple market
drivers. In developed countries, the increasing instances of
consumers opting for alternate therapies has created positive
reception for the growth of Guaiacwood essential oil demand. In
developing regions, the increase in per capita income has led to
consumers spending more on luxury goods and items such as high-end
personal care products as well as fragrances, this is anticipated to
surge the demand of Guaiacwood essential oil in the market. Increased
use of natural therapies for the treatment of chronic ailments such
as rheumatism and arthritis also sets better prospects for
opportunities in the Guaiacwood essential oil market for market
participants or entrants.
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