Global Market Study on Agarwood Essential Oil: Cosmetics and Personal Care Industry - The Growth Engine


Agarwood Essential Oil  Market
  • Published On : Sep-2019 |
  • Pages : 200 Pages |
  • Format : Agarwood Essential Oil  Market Agarwood Essential Oil  Market Agarwood Essential Oil  Market Agarwood Essential Oil  Market

The trend of grooming is growing globally at a fast pace; consumers are using different cosmetic products at a time for different purposes. Consumers are using grooming oils for hair/beard and skin. Also, various perfumes containing essential oils are used for a pleasant and long-lasting fragrance. The trend of grooming is creating a massive demand for personal care and cosmetic products such as perfumes and grooming oils. Agarwood essential oil is widely used in the perfumes and grooming oils. Hence, the increasing demand for such products is expected to drive the agarwood essential oil market growth significantly.

In addition, the application of agarwood essential oil is increasing in aromatherapy, as it soothes the skin and gives relief to stress. The use of agarwood essential oil in aromatherapy is also expected to give a significant growth to the market in the future. Also, the consumption of other personal care and cosmetic products such as perfumes, skin cream, and deodorant is growing globally, which would have a prominent impact on the agarwood essential oil market.

Cosmetic and Personal Care Manufacturers Leveraging Benefits of Agarwood Essential Oil for Skin

The personal care and cosmetics industry is anticipated to hold a significant amount of market share in the global agarwood essential market. Agarwood essential oil has various distinct properties such as anti-inflammatory and anti-microbial properties. These properties make it a very beneficial product to use in personal care and cosmetic products. Agarwood essential oil’s anti-inflammatory properties help relieve skin irritation caused by allergic reactions, bug bites, and sunburns. In addition, agarwood essential oil’s anti-microbial activity helps in fighting bacteria that causes pimples and acne. Other than these properties agarwood essential oil contains various antioxidants that make hair and skin glow and repair dead skin. This is less likely to cause skin cancer.

Growing Demand for Agarwood Essential Oil for Rheumatoid Arthritis and Other Arthritic Conditions

Among the various properties of agarwood essential oil, its antiarthritic properties help to reduce the inflammation and pain associated with arthritis and rheumatism. The diuretic qualities of agarwood essential oil flush help out uric acid and other toxins from the body by promoting frequent urination. This helps to reduce stiffness, swelling, and pain in the body.

Significant Usage of Agarwood Essential Oil in the Pharmaceutical Industry

Due to the anti-inflammatory properties of agarwood essential oil, it helps calm cough caused due to inflammation of the sensitive tissues in the airway. This oil can be massaged on the chest and throat, which helps sensitive tissues return to their normal state. Agarwood essential oil also has anti-asthmatic, anti-convulsant properties, which make it useful in the medicinal products. The demand for agarwood essential oil in the pharmaceutical industry is stable.

Synthetic Biological Production of Agarwood Essential Oil to Fulfill the Increasing Demand

With the growing demand for agarwood essential oil, companies across the globe are trying to produce essential oil biologically in in-vitro conditions. This trend is expected to fulfill the increasing demand for agarwood aroma from the fragrance industry. For instance, in June 2014, Evolva, a Swiss synthetic biology company, collaborated with the Malaysian Biotechnology Corporation and Universiti Malaysia Pahang, to develop engineered yeast that can produce some of the aromatic compounds found in agarwood. This initiative was done in order to limit the illegal cutting and trading of agarwood trees and their derived products.

Analysts’ Viewpoint

A comprehensive view of the global agarwood essential oil market has led our analysts to conclude that the market is growing at an impressive growth rate. It is estimated that the largest shareholding regions in 2019 are Middle East and Africa and Asia Pacific. The analysts observed that, there was a huge shift among consumers from conventional agarwood essential oil to the organic form, due to the rising health issues caused by synthetic products. This shift is likely to result in an increase in the demand for agarwood essential oil throughout the forecast period. The use of agarwood essential oil in the cosmetic and personal care industry is high, under which, the aromatherapy segment is expected to have a relatively high market share due to high awareness regarding the healing properties of agarwood essential oil. The increasing consumption of cosmetic and personal care products and increasing grooming trend is spurring the demand for agarwood essential. New cosmetic and personal care product formulation will give rise to the agarwood essential oil market. The demand for organic agarwood essential oil is increasing in the mature markets such as North America and Europe.

Companies with large production capacity and research and development capabilities will gather momentum and profitability in the global agarwood essential oil market. Leading market players who are expanding their regional presence and increasing their production facilities will continue to grow and have a vast market revenue share. However, higher dependency on imported goods (agarwood) could restrain the growth of the global agarwood essential oil market.

The latest market report by PMR on the global agarwood essential oil evaluates opportunities, current market scenario and provides insights and updates about the corresponding segments involved in the global agarwood essential oil market during the forecast period 2019-2029. The study provides a detailed assessment of the key market dynamics and detailed information about the global agarwood essential oil market structure. The detailed market study provides exclusive information about how the global agarwood essential oil market will grow during the forecasted period.

The primary objective of the global agarwood essential oil market report is to provide insights into the opportunities in the market that are consistently supporting the transformation of global businesses associated with agarwood essential oil. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global agarwood essential oil market, and to discover equitable opportunities.

The study on the global agarwood essential oil market also provides an estimation of this market and corresponding revenue forecast carried out in terms of absolute dollar opportunity. It also offers actionable insights based on future trends in the global agarwood essential oil market. Furthermore, new and emerging businesses in the global agarwood essential oil market can make use of the information present in the study to make wise business decisions, which will provide the momentum to the business as well as agarwood essential oil market.

The study is relevant for all manufacturers, suppliers, distributors, and investors in the global agarwood essential oil market. It will provide them the required boost to grow in the market. All the stakeholders in the global agarwood essential oil market, investors, industry experts, researchers, journalists as well as business researchers can leverage the information and data represented in PMR’s study.

Key Segments of the Global Agarwood Essential Oil Market

PMR’s study on the global agarwood essential oil market offers information divided into 4 important segments- nature, end use, sales channels, and region.

Nature

End Use

Sales Channel

Region

  • Organic

Food & Beverage Industries

  • Flavouring
  • Preservative
  • Others
  • B2B
  • North America
  • Natural

Personal Care & Cosmetics

  • B2C
  • Latin America

Pharmaceutical Industries

  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Questions Answered in PMR’s Global Agarwood Essential Oil Market

  • Which region will have the highest market share in the global agarwood essential oil market over the forecasted period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global agarwood essential oil market?
  • Which are the global trends in the agarwood essential oil market that are impacting the market?
  • What strategies need to be adopted by the emerging players in the global agarwood essential oil market to capture the opportunities in various regions?
  • What is the market structure of the global agarwood essential oil market?

Global Agarwood Essential Oil Market: Research Methodology

PMR is committed to provide unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. The unique research methodology is utilized to conduct extensive research on global agarwood essential oil market and reach conclusions on future growth factors of global agarwood essential oil market. The research methodology uses primary research methods coupled with the secondary research methods, which ensures the accuracy and reliability of the conclusions.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over five regions, i.e. North America, Latin America, Europe, the Asia Pacific, and Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Agarwood Essential Oil Market Report

Company Profiles:

  • BIOLANDES SAS 
  • Tien Phuoc Co., Ltd (Grandawood) 
  • Hoang Giang Agarwood Ltd. 
  • Dauper S.A.
  • Katyani Exports 
  • Gritman Essential Oils 
  • Essential Oil Wizardry 
  • Biofinest USA 
  • Nusaroma 
  • The Imperial Oud Co 
  • Deve Herbes
  • HYSSES Pte Ltd.
  • WEFIVE group
  • Asia Plantation Capital Pte. Ltd.
  • Albert Vieille SAS
  • THE MJI GROUP
  • Ji'an Zhongxiang Natural Plants Co., Ltd.
  • Agarvina Co., LTD
  • Edens Garden
  • ASSAM AROMAS

 

Agarwood Essential Oil Market

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