Global Lavender Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Lavender Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global lavender oil market report has been segmented on the basis of application, distribution channel, and region.
Global Lavender Oil Market: Overview
Lavender oil is a type of essential oil, derived from flowers of lavender plant by the steam distillation process. It is colorless oil with a sweet and flowery aroma. Use of lavender oil dates back to two thousand five hundred years. It is used for reducing stress, anxiety, and pain. Lavender oil also helps to improve brain function and sleep and protects against diabetes. Lavender oil contains glutathione, superoxide dismutase and catalase that are antioxidant enzymes helps to get rid of free radicals that are harmful for the human body.
Global Lavender Oil Market: Dynamics
The major factor driving growth of the global lavender oil market is increasing demand for lavender oil in personal care products, owing to increasing preference for natural fragrances among consumers. Growing awareness regarding health benefits provided by essential oils coupled with growing popularity of aromatherapy among individuals are also factors fueling growth of the global lavender oil market. Increasing demand for natural and organic cosmetics is resulting in an increasing demand for lavender oil in the cosmetics sector. Furthermore, growing use of lavender oil as essence or flavoring in food and beverages and medicines are factors expected to boost growth of the global market in the near future.
However, the high cost of lavender oil is may hamper growth of the global lavender oil market. In addition, sometimes consumption of lavender oil can cause headache, constipation, and skin irritation. These facts may affect growth of the target market. Nevertheless, increasing the use of lavender oil in pharmaceuticals can create high revenue opportunities for players in the global lavender oil market.
Global Lavender Oil Market: Segment Analysis
Among the application segments, the personal care products segment and pharmaceuticals segment account for a significant share in terms of revenue in the near future. Increasing preference for natural and organic fragrance and beauty products among end users is a major factor fueling growth of personal care products segment in the global market.
Among the distribution channel, the online stores segment is expected to register lucrative growth in terms of revenue over the forecast period. Availability of discounts and growing trend of online shopping are factors anticipated to support growth of this segment in global market.
Global Lavender Oil Market: Regional Analysis
The market in North America accounts for the largest market share in terms of revenue and is expected to maintain its dominance over the forecast period. Rising demand for lavender oil products and increasing its use for aromatherapy products are factors driving growth of the target market in countries in this region. Europe is the largest producer for lavender oil in the global market. The market in the Asia Pacific is expected to register lucrative growth, especially in emerging economies over the forecast period. Rising disposable income and rising preference for natural fragrances among individuals are factors supporting growth of the target market in the Asia Pacific.
Global Lavender Oil Market Segmentation:
Segmentation by application:
- Food and Beverages
- Personal Care Products
Segmentation by distribution channel:
- Supermarkets and hypermarkets
- Convenient Stores
- Beauty Shops
- Online Stores
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
- Young Living Essential Oils LC
- Takasago International corporation
- International Flavours & Fragrances Inc.
- Aromaland Inc.
- Symrise AG
- Givaudan SA
- Firmenich S A
- Rocky Mountain Soap Co.
- China Flavors and Fragrances Company Limited
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