市场调查报告书
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1401339
全球香桃木油市场 - 2023-2030Global Myrtle Oil Market - 2023-2030 |
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概述
2022年,全球香桃木油市场规模达9.8212亿美元,预计2030年将达到13.4927亿美元,2023-2030年预测期间CAGR为4.05%。
全球消费者对健康和环境日益关注增加了对天然产品的需求。消费者正在寻求天然、更健康、更安全的产品来促进健康的生活方式。消费者对合成和化学成分的依赖减少,以及对环保和永续产品生产的需求,促进了天然产品范围的扩大。
桃金孃油被用作多种商业合成产品的绝佳天然替代品。天然成分的卓越品质和特性增加了其在各种应用中的价值。香桃木油用于食品、化妆品和其他个人护理产品的多种产品製剂。
製造商正在采用各种策略并在市场上推广该产品,强调这种天然成分的好处及其潜在好处。名人和影响者对天然环保产品的高额促销活动有助于扩大市场成长。
动力学
对天然和有机产品的需求不断增加
天然和有机产品越来越受到全球消费者的欢迎。随着人们越来越认识到使用合成化学品产品对人类健康和环境的不利影响,消费者正在避免使用这些产品,并积极采用天然和有机产品。
香桃木油是一种天然有机成分,在生产所需的天然有机食品和个人护理产品时受到高度重视和需求。它在各种产品製剂中用作化学品的替代品。製造商正在工业层面采用道德和永续的采购实践,以满足消费者的需求。
随着需求的不断增长,各公司正在扩大其产品范围,推出与桃金孃油相结合的新产品开发。例如,2022 年 2 月,澳洲精油製造商 Down Under Enterprises 宣布推出有机柠檬香桃木油。
增加桃金孃油的应用
随着最终用户对使用桃金孃油的好处的认识越来越高,桃金孃油在多种应用中的使用得到了更大的扩展。桃金孃油的应用范围不断扩大,市场对该产品的需求不断增加。桃金孃油的有益和潜在特性有助于改善其在多种产品生产中的用途。
香桃木油提供新鲜、甜美和轻微的樟脑香气。香桃木油的芳香特性推动了其在芳香疗法中的应用。透过缓解紧张和焦虑来保持平静的心态很有用。抗菌和抗发炎作用可有效治疗气喘和呼吸道感染。
在食品和饮料工业中,桃金孃油被用作调味剂。这款油独特的柠檬口味有助于生产柠檬口味的糖果、鸡尾酒和软性饮料。抗菌和护肤的有效特性促进了其作为天然成分在护肤和化妆品中的应用。良好的芳香特性也改善了其在除臭剂和室内清新剂生产中的用途。
桃金孃油的供应有限且与其他油的竞争激烈
香桃木植物对各种气候参数(例如温度、湿度等)敏感。气候条件的变化会对植物的生长和品质产生巨大的影响。由于对气候的敏感性,香桃木植物仅限于特定的地理区域。这反过来又限制了它们在大多数最终用途应用中的产品可用性。此外,有限的供应也导致产品成本较高,阻碍了市场成长。
随着各行各业对天然有机成分的高需求,具有相同应用特性的各类油品之间存在着激烈的竞争。香桃木油市场也面临来自茶树等多种油的更大竞争。由于这种桃金孃油的供应量较低且价格较高,最终用户可以选择价格有效的桃金孃油替代品。
Overview
Global Myrtle Oil Market reached US$ 982.12 million in 2022 and is expected to reach US$ 1349.27 million by 2030, growing with a CAGR of 4.05% during the forecast period 2023-2030.
Global consumers' increasing health and environmental concerns raised the demand for natural products. Consumers are seeking natural, healthier and safer products to promote a healthy lifestyle. The less dependence of consumers on synthetic and chemical ingredients and the need for environmentally friendly and sustainable product production contributed to the higher range of natural product expansion.
Myrtle oils are used as a great natural alternative for multiple commercial synthetic products. The superior quality and properties of naturally sourced ingredients have increased their value in various applications. Myrtle oil is used in multiple product preparations of food, cosmetics and other personal care products.
Manufacturers are using various strategies and promote the product in the market highlighting the benefits of this natural ingredient and its potential benefits. The high promotional activities of natural and environmentally friendly products from celebrities and influencers help in expanding the market growth.
Dynamics
Increasing Demand for Natural and Organic Products
Natural and organic products are gaining popularity among the global consumer. With the increased awareness regarding the adverse effects associated with the use of synthetic chemicals-based products on human health and the environment, consumers are avoiding the use of those products and are actively adopting the use of natural and organic products.
Myrtle oil, being a natural and organically sourced ingredient, is highly valued and demanded in the production of desired natural and organic food and personal care products. It is used as an alternative to the chemical in various product preparations. Manufacturers are adopting ethical and sustainable sourcing practices at the industrial level to meet consumer demand.
With the increasing demand, various companies are expanding their product offerings with the launch of new product developments that are incorporated with myrtle Oil. For instance, In February 2022, Down Under Enterprises, an essential oil manufacturer from Australia, announced the launch of its Organic Lemon Myrtle Oil.
Increasing Applications of the Myrtle Oils
With the high end-user awareness regarding the benefits associated with the use of myrtle oils, there is a greater expansion of the use of myrtle oils in multiple applications. Expanding applications of myrtle oils are increasing the demand for the product in the market. The beneficial and potential properties of myrtle oil help improve its use in the production of multiple products.
Myrtle oils provide fresh, sweet and slightly camphoric aroma. The aromatic properties of the myrtle oil drive its use in aromatherapy. It is useful to provide a calm mind by relieving tension and anxiety. The antibacterial and anti-inflammatory effects provide effective benefits in dealing with asthma and respiratory infections.
In the food and beverage industry, myrtle oil is used as a flavouring agent. The distinctive lemon flavor of the oil helps in the production of lemon-flavoured favorable sweets, cocktails and soft drinks. The antimicrobial and skin care effective properties boost its use as a natural ingredient in skincare and cosmetics products. The favorable aromatic properties also improve its use in the production of deodorants and room fresheners.
Limited Availability of Myrtle Oil and High Competition from Other Oils
The myrtle plants are sensitive to various climate parameters such as temperature, humidity and others. The change in climatic conditions can have a huge impact on plant growth and quality. The myrtle plants are restricted to specific geographic areas due to their climatic sensitivity. This, in turn, limits their availability to the product for most end-use applications. In addition, the limited availability also results in the higher cost of the product, hindering the market growth.
With the high demand for natural and organic ingredients from all types of industries, there is intense competition among the various types of oils with the same application characteristics. The myrtle oil market also faces greater competition in the market from multiple oils such as tea tree and others. With the lower availability and high price of this myrtle oil, end-users may choose price effective available substitute for myrtle oil.
The global myrtle oil market is segmented based on type, distribution channel, application and region.
Increased Consumer Preference towards Natural Skincare Products
The global myrtle oil market is segmented based on application into aromatherapy, cosmetic & personal care and food & beverage. The cosmetic & personal care segment accounted for the largest share of the global myrtle oil market. The increased consumer awareness regarding the adverse effects of synthetic chemical-based products on their skin and personal health reduced the importance of such products and diverted the focus towards natural and organic products.
Globally, there is a vigorous rise in the demand for clean and natural beauty standards, driving the need for natural skincare ingredients. Myrtle oil is used as a popular natural alternative for commercial skincare products due to its cleansing and astringent properties as used in regular applications to benefit the skincare essential to deal with dull skin and acne.
Increasing Consumer Focus on Health and Wellness
Asia-Pacific region dominated the global myrtle oil market. The myrtle is native to tropical southern Asia. It is grown in India, China and Southeast Asia, providing abundant availability of raw materials required for myrtle oil production. Also, the increasing technological developments and the use of advanced oil extraction methods in this region help in enhancing product use.
Improved consumer focus on health and wellness has increased the demand for health-promoting products. The role of myrtle oil in providing benefits for personal health and in maintaining better environmental sustainability nature has increased its value in the market. The high focus of consumers on natural and organic products drives the demand for various natural oils such as myrtle and others to meet the demand for natural ingredients in producing natural products.
Developing countries such as India and China and focusing on improving organic and natural products. For instance, in 2022-2023, India produced around 2.9 million MT of certified organic products, where oil seeds and fibres were given much importance. Massive industrialization and high industrial developmental activities taking place in this region provide greater opportunities for the market to penetrate large-scale sectors.
The major global players in the market include Aromaland, Moksha Lifestyle Products¸Young Living Essential Oils, LC¸Lush Retail Ltd., Mountain Rose Herbs, Edens Garden, doTERRA Holdings, LLC, AOS Products Pvt. Ltd., Zea and Lemon Myrtle Fragrances.
The COVID-19 pandemic had a moderate impact on the global myrtle oil market. Just like all other industrial sectors, the myrtle oil market also faced several challenges in the pandemic situation due to unsupportive conditions. There was a temporary halt in production activities during lockdown situations, as a result of strict government regulations towards lockdown.
The restricted transport facilities halted the sourcing of raw materials. In addition to the lack of resources, there were also strict conditions for production halt due to the temporary shutdown of the production industries. The market players faced challenges due to reduced product sales for a while. On the other hand, consumers were left with a high healthcare responsibility to conserve their health and wellness.
The health consciousness among consumers has improved the demand for natural products that don't harm the body but show positive health impacts. The need for natural remedies for anxiety and some respiratory problems has developed the need for numerous natural oils including myrtle oil during pandemic conditions.
The global myrtle oil market report would provide approximately 61 tables, 56 figures and 234 Pages.
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