Global Patchouli Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

Global Patchouli Oil Market: Overview

“The global Patchouli Oil Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Patchouli oil is extracted from leaves of patchouli plant by hydro distillation or steam distillation. This essential oil has an earthy aroma and is easily blended with other essential oils.

It has various therapeutic properties including anti-inflammatory, antiseptic, antidepressant, antifungal, and others. Patchouli oil is mostly used in perfumes, skin-care products, pharmaceuticals, home care products, aromatherapy, etc.

Global Patchouli Oil Market: Dynamics

Rising consumer awareness about health benefits of patchouli oil, coupled with increasing use of herbal products are major factors expected to drive growth of global market during the forecast year. Increasing demand for patchouli oil from perfumery is another factor expected to fuel growth of global patchouli oil market to a certain extent.

In addition, growing use of patchouli oil as flavouring or essence in food & beverages is among the other factors expected to support growth of the global market in the near future. Furthermore, rising adoption of patchouli oil in the pharmaceutical industry owing to its therapeutic properties is a factor expected to propel growth of the global market in the next coming years.

However, the musky, woody, smoky & spicy scent of patchouli oil is a factor which may restrain growth of global market to certain extent. In addition, high cost and availability of patchouli oil substitutes are other factors projected to hamper growth of the global market.

Global Patchouli Oil Market: Segment Analysis

Among the type segments, the light patchouli oil segment is expected to account for significant share in terms of revenue in the near future.

Among the nature segments, the organic segment is expected to account for significant revenue growth in the global patchouli oil market owing to rising use of patchouli oil in various end use industries.

Among the end user segments, the cosmetics & personal care segment is anticipated to register highest growth in terms of revenue in the target market due to strong, slightly sweet, and intoxicating scent.

Global Patchouli Oil Market: Region Analysis

The Asia Pacific patchouli oil market is expected to account for major revenue share, and projected to dominate the global market in the next 10 years, owing to presence of prominent players in countries such as India, Indonesia, Taiwan, China, and Malaysia.

In addition, growing population, increasing disposable income of individuals, rising usage of patchouli oil in pharmaceutical industry are other factors anticipated to drive growth of the global market in years to come. The North America market is expected to grow at a faster rate in the next coming years, due to rising popularity of aromatherapy among consumers.

The market in Europe, Latin America, and Middle East & Africa are expected to register moderate growth in terms of revenue, due to increasing popularity of patchouli oil in countries in these regions in the near future.

Global Patchouli Oil Market Segmentation:

Segmentation by Type:

• Dark Patchouli Oil
• Light Patchouli Oil

Segmentation by Nature:

• Organic
• Conventional

Segmentation by End User:

• Cosmetics & Personal Care
• Aromatherapy
• Food & Beverages
• Pharmaceuticals
• Others (Detergents, Household/Retail, and Insect Repellents)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa