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Abies Alba (Fir) Leaf Oil Market

Market Insights on Abies Alba (Fir) Leaf Oil covering sales outlook, demand forecast & up-to-date key trends

Abies Alba (Fir) Leaf Oil Market by Application, distribution channel & Region - Forecast 2022-2032.

Abies Alba (Fir) Leaf Oil Outlook

According to Future Market Insights research, during the projected period, the Global Abies Alba (Fir) Leaf Oil Market is expected to grow at a CAGR of 4.1%. The market value is projected to increase from US$ 592.7 Mn in 2022 to US$ 885.8 Mn by 2032. The Abies Alba (Fir) Leaf Oil Market was valued at US$ 567.2 Mn at the end of 2021 and is anticipated to exhibit CAGR growth of 4% in 2017-2021.

Market Size Value in 2022

US$592.7 Mn

Market Forecast Value in 2032

US$ 885.8 Mn

Global Growth Rate (2022 to 2032)

4.1%% CAGR

Forecast Period

2022-2032

Market Share CAGR (latest period) of UK in Europe

3.8%

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Introduction

Abies Alba, sometimes referred to as silver fir, is a huge coniferous tree that may be found in several mountainous regions of Southern and Eastern Europe as well as Central Europe. The tallest tree species, Abies Alba, is extremely important for maintaining the ecological and functional harmony of the European forest.

It supports a high level of biodiversity in forested ecosystems and is adaptable to a variety of soil types with varying nutrient contents and alkalinity conditions.

Comparing historical outlook and projections for the world's Abies Alba (Fir) Leaf Oil Market

The historical outlook and projections of the market for the world in 2017 was US$ 475.6 Mn and During the projection period, it is anticipated that the global market for Lavandula oil will expand at a CAGR 4.1% (2022-2032).

The market for Abies Alba (Fir) Leaf Oil has increased over the past ten years. The past data and future predictions, however, show a great deal of variety. With compares historical outlook and forecasts for the global market for Abies Alba (Fir) Leaf Oil. The peak output year was 2008, and the year with the lowest production was 2014. Over the previous ten years, production has typically ranged between 1,500 and 1,600 tons annually. Looking at projections for the future, there is again a lot of variation. The most optimistic projection predicts that production will increase to 2 twice the tons by 2032.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
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Category-wise Insights

Why healthcare industry is consuming Abies Alba (Fir) Leaf oil?

The aroma of fir needle oil is fresh, woody, and just a little bit sweet. When used in aromatherapy, it can aid with coughing, congestion, and respiratory issues like bronchitis. Additionally, it is supposed to strengthen the immune system and ease muscle stiffness and aches.

What is crucial or foremost reason for farmers to cultivate Abies Alba (Fir) Leaf?

Abies Alba, also known as Fir Leaf, is a vital component in many different industries. Its cost-benefit ratio is very favorable to farmers, and the market demand for the plant is high. The price that farmers receive for Fir Leaf is also very good. Fir Leaf cultivation requires careful management of plants, but the rewards are worth it.

Which are the different essential ingredients in Abies Alba (Fir) Leaf oil?

The Abies alba tree, from which fir needle oil is extracted, contains around 90 distinct chemical elements. The primary ingredients are camphene, a-pinene, b-pinene, limonene, myrcene, a-terpineol, and terpinen-4-ol.

Medicinal use of Abies Alba (Fir) Leaf oil?

The high medicinal value of Abies Alba (Fir) Leaf Oil is anticipated to boost the market. It offers a number of health advantages, including body detoxification, improved respiratory conditions, accelerated metabolism, elimination of offensive body odor, immune system stimulation, and infection prevention.

Analgesic, antiseptic, astringent, balsamic, decongestant, deodorant, diuretic, expectorant, immuno-stimulant, rubefacient, stimulant, tonic, vasoconstrictor, and vulnerary are only a few of the medicinal qualities of the essential oil derived from silver fir.

The leaf oil is a key therapeutic source as a result of these qualities. Ageing of the population, a recovering GDP, rising disposable income, and most crucially, a growing emphasis on preventative health care practices among consumers to lead healthy lives, all promote the market for Abies alba leaf oil.

Country-wise Insights

What is the growth status of Abies Alba (Fir) Leaf Oil Market in North America and Africa?

The markets for Abies Alba (Fir) Leaf Oil are expanding quickly in North America and Africa. The fir tree's leaves are used to make the oil, which offers a number of advantages. It is utilized in pharmaceuticals and has numerous uses in the cosmetics sector. The oil has a relaxing impact on the body and mind and is also used in aromatherapy. As more people learn about the advantages of the oil, demand for it is rising.

How many regions are studied in this report for Abies Alba (Fir) Leaf Oil Market?

On the basis of geography, Abies Alba (Fir) Leaf Oil market is segmented into seven different regions namely North America, Latin America, Eastern Europe, Western Europe, and Asia-Pacific region, Japan and Middle East and Africa. North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific region, Japan and Middle East and Africa make up the largest market for Fir Leaf Oil.

Which region is in major producer of Abies Alba (Fir) Leaf Oil?

In recent years, the export demand for Abies alba (fir) leaf oil has increased significantly. This is due to the fact that more and more people are using it in their medicines. The oil is beneficial in many ways, and it is produced in large quantities in Europe region. The production of Abies Alba leaf oil is highest in the European countries such as France, Germany, and Bulgaria owing to the availability of large forested areas. Europe was followed by North America to emerge as the second major region in the Abies alba leaf oils market.

Names countries which are highest exporter of Abies Alba leaf oil.

The oil is beneficial in many ways so, it is exported to countries such as the USA, Canada, Australia, New Zealand, Brazil, Russia, China, India, Japan and South Korea.

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Supermarket and Distributors Are Propelling the Growth Abies Alba (Fir) Leaf Oil in Market

The global market for Abies alba leaf oil is anticipated to expand at a CAGR of 4.1% from 2022 to 2032, according to a recent FMI analysis. The desire for natural components in cosmetics and personal care products is on the rise, and aromatherapy is becoming more and more significant.

According to the survey, North America is followed by Europe as the region with the highest market for Abies alba leaf oil. Due to the abundance of natural ingredient producers and distributors in these areas, as well as increased public knowledge of the advantages of using natural components in cosmetics and other products, there is a significant demand for these products.

The projected sale of Abies Alba (Fir) Leaf Oil is projected to contribute to the sales of this product line worldwide. Investments in environmentally friendly or naturally grown products will propel demand for Abies Alba (Fir) Leaf Oil on the open market, which will continue to contribute to the coming years as a business entity.

Competitive Landscape

The demand of Abies Alba (Fir) Leaf oil and the potential for maturation of the land in some countries mean that Nigeria, Ecuador, Colombia, and Thailand are most likely to evaluate the Abies Alba (Fir) Leaf oil industry's expansion in Africa and Latin America, respectively. The key focus of players in the Abies Alba (Fir) Leaf Oil market lies upon the integration across the value chain to attain cost-benefit ratio in the longer run.

DRIVERS: The demand for Abies alba leaf oil in the health care industry has increased as a result of consumers' rising health consciousness. Due to the increased demand for aromatic flavors and aromas in personal care products like perfumes, the personal care segment of the Abies alba leaf oil market is predicted to expand quickly.

Additionally, the growing demand for spa and relaxation applications brought on by a shift in lifestyle is anticipated to propel market expansion in the years to come.

Abies Alba (Fir) Leaf Oil Market Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2022

Market Analysis

USD Mn for Value and Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • MEA

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Brazil
  • Argentina
  • South Africa
  • UAE

Key Segments Covered

  • By Type
  • By Distribution channel
  • By End -user

Key Companies Profiled

  • Terra International
  • Bontoux S.A.S
  • Sydney Essential Oils Co.
  • Eden Botanicals
  • Young Living Essential Oils
  • Reincke und Fichtner GmbH
  • Essential Oils of New Zealand

Report Coverage

Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Abies Alba (Fir) Leaf Oil Market Segmentation

By Distribution channel the Abies Alba (Fir) Leaf Oil Market is segmented as:

  • Online
  • Offline

By End-use, the Abies Alba (Fir) Leaf Oil Market is segmented as:

  • Pharmaceutical purpose
  • Health Care
  • Personal Care

Frequently Asked Questions

The global Abies Alba (Fir) Leaf Oil Market will reach a valuation of US$ 592.7 Mn by the end of 2022.

USA, Germany, Japan, China are the major countries driving demand for Abies Alba (Fir) Leaf Oil Market.

The global Abies Alba (Fir) Leaf Oil Market is forecasted to surpass US$ 885.8 Mn by the end of 2032.

The US Abies Alba (Fir) Leaf Oil Market is contributing 38 % of total market share which values at US$ 34.2% Mn.

In Germany Abies Alba (Fir) Leaf Oil Market is contributing of total market share which values 23.2% in year 2022.

The UK Abies Alba (Fir) Leaf Oil Market is expected to register of CAGR 3.8% in year 2022.

The demand for Abies Alba (Fir) Leaf Oil Markets expected to of total market share which values 2.3% in year 2022.

The Japan Abies Alba (Fir) Leaf Oil Market will grow at 11.2%% of total market share which values in year 2022.

In China Abies Alba (Fir) Leaf Oil Markets contributing 6.3% of CAGR in year 2022.

The India Abies Alba (Fir) Leaf Oil Market is expected to register 4.5%% of CAGR in year 2022.

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Nandini Roy Choudhury
Principal Consultant
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Abies Alba (Fir) Leaf Oil Market