Global Arborvitae Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Arborvitae Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global arborvitae oil market report has been segmented on the basis of function, nature, end-use, and region.
Global Arborvitae Oil Market: Overview
Arborvitae oil is an essential oil, which acts as purifying and strong cleansing agent and has a powerful smell. Arborvitae oil has many benefits such as work as natural preservative, which helps to promote healthy skin, acts as a natural bug repellent, and has various applications in healthcare sector. It has antibacterial properties which help to keep wood from rotting.
Global Arborvitae Oil Market: Dynamics
Increasing demand for arborvitae oil in various industries such as personal care, cosmetics, food & beverage, and pharmaceuticals owing to its various properties is a major factor driving growth of the global arborvitae oil market. In addition, changing consumer preference towards natural ingredients, increasing demand for organic and natural cosmetic product among individuals are some of the factors fueling growth of the global arborvitae oil market. Rising awareness about health benefits offered by arborvitae oil coupled with increasing popularity of aromatherapy among individuals are factors boosting growth of the global arborvitae oil market. Moreover, rising use of arborvitae oil as a flavoring agent in the food & beverages is projected to drive growth of the global market in the near future.
However, high cost of product and lack of awareness regarding benefits of arborvitae oil may hamper growth of the global arborvitae oil market.
Global Arborvitae Oil Market: Segment Analysis
Among the function segments, the cleansing segment is projected to register moderate growth in the global market.
Among the nature segments, the organic segment is projected to register higher growth rate in the global market. Increasing demand for organic products in developing and developed economies is projected to support growth of the segment.
Among the end-use segments, the pharmaceutical segment account for significant revenue share in the global market in the near future. Increasing demand for arborvitae oil in medicinal applications and growing consumer awareness regarding health benefits related with this essential oil is projected to drive growth of this segment.
Global Arborvitae Oil Market: Region Analysis
North America arborvitae oil market is projected to account for major revenue share in the global market. Increasing adoption of arborvitae oil in the cosmetic, personal care and food & beverages industries in the US and Canada is projected to drive growth of the North America arborvitae market. In addition, rising demand for organic products and rising adoption of arborvitae oil in the aromatherapy are factors fuel growth of the arborvitae oil market in North America.
Asia Pacific market is projected to witness significant growth in the global market. Growing demand for arborvitae oil for spa and relaxation and healthcare industry is factor fueling growth of the Asia Pacific market during the forecast period. In addition, rising population, increasing presence of manufacturers, and growing consumer preference for products with natural ingredients are factors drive growth of the target market in the Asia Pacific.
Global Arborvitae Oil Market Segmentation:
Segmentation by function:
- Cleansing Agent
- Purifying Agent
- Flavoring Agent
Segmentation by nature:
Segmentation by end-use:
- Wood Preservation
- Insect Repellent
- Homecare Cleaning Products
- Spa and Relaxation
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- doTERRA International LLC
- Leffingwell and Associates
- Venkatramna Industries
- Lala Group of India
- Verma Fragrance Insustries
- New Directions Aromatics Inc.
- AVI Naturals
- India Aroma Oils and Company
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