Contrive Datum Insights recent study on the “Global Herb Oil Market” (By Application (Personal Care and Cosmetics, Aromatherapy, Food and Beverage, Pharmaceutical, Others); By Distribution Channel (Online, Specialty Store, Drug Store, Others); 2019 – 2026 offers industry insights, growth perspective and dynamics about the competitiveness in the market.
Oil extracted from plant or shrubs leaves, seeds, roots, flowers, fruits, barks and other parts of plant are referred as herb oil. The oil extracted from plant parts are used widely among various industries as raw materials. Some of the major application of herb oils is in food and beverage, fragrance and in topical application. Increase in usage of herb oil for aroma, preservation and flavour is enabling the demand of herb oil market. Global herb oil market is anticipated to grow at a CAGR of XX% during the forecast period (2019 – 2026). Furthermore, with the growing attraction towards natural organic solutions and alternate medicines is another factor that surges the market to grow. The demand of herb oils is majorly observed among the millennial generation population. This is due to the growing awareness of herb oil properties towards efficient health wellness such as skin therapy and in food preparation.
Increase in consumer awareness and shift towards natural ingredient products is leveraging the demand for herb oil market
Oil is an important part in our healthy routine, which comprises of many processed chemical and other ingredients. Hence, on consumption of unhealthy processed chemical oils used in foods from ready to eat meals to normal cooked foods would lead to diseases such as gastrointestinal, cardiovascular and other diseases. As a result of growing diseases and consumption of unhealthy processed oils, a gradual shift towards organic foods is growing. Further, growing awareness towards healthy lifestyle and benefits of organic natural foods has made them shift towards natural products including herb oil. Hence, every individual follows one or the other natural foods in their diet. Thus with the changing multitude of focus towards health and wellbeing, a gradual shift in consumer buying behaviour is noticed. In the current scenario, consumers among the millennials are actively seeking natural ingredients products for their daily lifestyle consumption. Owing to the increase in demand for natural ingredients and shift in consumer lifestyle has influenced manufacturers to include natural ingredients such as herb oils among their products.
Rising popularity of Aromatherapy is contributing to the growth of herb oil market
Natural oil obtained from processing plants or shrubs is gaining its popularity in the field of aromatherapy. Aromatherapy is a healing treatment to improve psychological and physical comfort among individuals. The treatment involves herb oils as their major therapeutic application. The therapy is primarily used through inhalation or topical application. Although the use of natural oil in aromatherapy dates back to 6000 years, yet its application is still prominent among economies such as China, India, Africa, Europe and in America as a complementary treatment.
Global Herb Oil Market, Revenue (USD Million), 2019 – 2026
The competitive landscape of the global herb oil market consists of several global and regional players. Some of the players in the market include Biolandes, China Flavors & Fragrances Co. Ltd., Citrus and Allied Essences Ltd., doTERRA International, Givaudan, International Flavors & Fragrances Inc., Lebermuth, Inc., MOKSHA, Symrise, Young Living Essential Oils amongst others.
Herb Oil Application, Overview, 2019 – 2026 (USD Million)
- Personal Care and Cosmetics
- Food and Beverage
Herb Oil Distribution Channel, Overview, 2019 – 2026 (USD Million)
- Specialty Store
- Drug Store