The global Arborvitae Oil market is expected to reach a market valuation of USD 626.653 Million by the year 2023, accelerating with a CAGR 5.8% by 2023 to 2033. Arborvitae Oil sales are likely to account for a part of the demand in the global essential Oil market, valued at approximate USD 1,101.16. Million in 2033.
Arborvitae Oil is an essential oil allocated from the Arborvitae tree by the use of steam distillation. Known as the tree of life, Arborvitae is magnificent in size and plentiful in unique benefits. Arborvitae Oil is a neutral to pale yellow-green liquid with moderate consistency. It has a powerful smell, and its aroma is deep and earthy.
The inherent antibacterial qualities of arborvitae oil prevent the wood from decaying. A wide range of chemicals can be found in arborvitae oil. There are several uses for arborvitae oil, including keeping wood from rotting, using it in aromatherapy massages, keeping insects away, and a variety of medical benefits. It smells strong, deep, and earthy. Strong cleaning and purifying properties are provided by Arborvitae oil.
Increase in demand for natural personal care products and pleasing aromatic cleaning agents is another driver for the Arborvitae Oil market.
Arborvitae Oil Market Size (2023E)
USD 626.653 Million
Arborvitae Oil Market Projected Size (2033F)
USD 1,101.16 Million
Value CAGR (2023 to 2033)
6.0 %
Future Market Insights projects the market to remain lucrative, exhibiting growth at 5.8% CAGR between 2023 and 2033 in comparison to the CAGR of 4.2% posted between 2018 and 2022.
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How Do the Arborvitae Oil Market's Historic and Future Outlook Compare?
Arborvitae Oil sales grew at a CAGR of 4.2% between 2018 and 2022. The period marked the entry of various market players and product innovations.
The Arborvitae Oil market has become more commanding over time as the number of vendors in the market is growing legitimately. Arborvitae oil has attracted keen interest from the intelongrnational market, mainly due to its anti-bacterial properties.
The demand for essential oils is increasing by double-digit, especially in the countries such as France, Germany, and UK and South Africa, USA & others. Also, the growing concerns and shifting preference for products comprising natural ingredients is also driving the demand for essential oils. The present trend of combining exotic plant oils with synthetic chemicals to create really innovative and ground-breaking products is fuelling the growth of the Arborvitae Oil market.
Shifting Consumer Preference towards Natural Ingredients is Promoting Market Demand for Arborvitae Oil
The inherent antibacterial qualities of arborvitae oil prevent the wood from decaying. A wide range of chemicals can be found in arborvitae oil. There are several uses for arborvitae oil, including keeping wood from rotting, using it in aromatherapy massages, keeping insects away, and a variety of medical benefits. It smells strong, deep, and earthy. Strong cleaning and purifying properties are provided by arborvitae oil.
Another market driver is the rise in demand for natural personal care products and scented cleaning agents. Extensive R&D and technical advancement are predicted to have a beneficial impact on market growth.
Thus, Future Market Insights predicts a substantial growth of the Arborvitae Oil Market in the given forecast period.
Country Wise Insights
Regions
North America
Countries
United States
Value CAGR in % (2023)
3.9%
Value Share in Market (2023)
31.6%
Regions
Europe
Countries
Germany, United Kingdom
Value CAGR in % (2023)
3.0%, 3.5%
Value Share in Market (2023)
26%, 23%
Regions
Asia Pacific
Countries
India, Japan
Value CAGR in % (2023)
4.7%, 5.6%
Value Share in Market (2023)
16%, 6.7%
The Dominance of the African countries in Arborvitae Oil Market
According to Future Market Insights, GCC Countries including South Africa is expected to rise by a significant growth rate during the forecast period and shares a large amount of market share.
Because Arborvitae trees are abundant in Southern African nations such as Botswana, Zimbabwe, and South Africa, the production of Arborvitae oil in the MEA region is abundant. As the number of suppliers in the market legally grows, the Arborvitae Oil market has gotten more dominating over time.
What is the outlook for the Arborvitae Oil market in India?
India has shown positive trends in the growth of the manufacturing base of Arborvitae Oil owing to the 100% foreign direct investment opportunity in the Oil industry. India has a steady CAGR of 4.7% in the forecast period.
The perspective for the development of Arborvitae Oil market is reasonably high. Arborvitae Oil has no harmful side effects as compared to most of the conventional products, which is a dominant driving force for the market. The market is expected to witness a substantial development due to the increasing medical applications with growing interest in people and alertness regarding health aids related with essential oils and natural ingredients.
What are the factors driving the USA in Arborvitae Oil Market?
The United States shares largest market share of Arborvitae Oil in the world presently.
Numerous overall benefits linked with Arborvitae Oil are expected to drive the product demand in Pesticide applications as well. The country has numerous producers and suppliers of natural pesticides and repellents certified under USDA.
This trend is expected to lead to significant market expansion in the years ahead, according to Future Market Insights.
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Category wise Insights
Adjacent Markets Overview
Olive Oil Market:
Attributes
Olive Oil Market
CAGR (2023 to 2033)
2.9%
Market Value (2033)
US$ 18.5 Billion
Growth Factor
The market is expanding primarily due to the trend of maintaining overall health and wellness by switching to healthier oil options.
Opportunity
Consumers are increasingly seeking out natural and organic products, and olive oil is perceived as a healthier and more natural alternative to other oils.
Key Trends
Key players are adopting marketing strategies such as pairing up with vegetables to increase their revenue.
Abyssinian Oil Market:
Attributes
Abyssinian Oil Market
CAGR (2023 to 2033)
4.4%
Market Value (2033)
US$ 17,541.7 Million
Growth Factor
The development of the modern lifestyle and technology has surged the demand for the essential oil market.
Opportunity
With the growing economies and the considerable rise in the disposable income, there has been a significant increase in the demand for beauty products. Rising demand for the natural and herbal ingredients has created a potential opportunity for the Abyssinian oil market.
Key Trends
Over the years the cosmetics industry has witnessed a significant growth wherein the demand for anti-aging products is very high. Abyssinian oil has proven to be useful for aiding aging signs.
Ximenia Oil Market:
Attributes
Ximenia Oil Market
CAGR (2023 to 2033)
6%
Market Value (2033)
US$ 896.654 Million
Growth Factor
Ximenia Oil is also utilised in the creation of skin care products, hair conditioners, and scents. Increase in demand for natural personal care products and pleasing aromatic cleaning agents is a driver for this market.
Opportunity
The present trend of combining exotic plant oils with synthetic chemicals to create really innovative and ground-breaking products is fuelling the growth of the Ximenia Oil market.
Key Trends
The market is expected to witness a substantial development due to the increasing medical applications as compared to conventional drugs.
Category Trends in Nature and End Use in the Forecast Period
The modern trend of unification of exotic botanical oils with synthetic ingredients to form genuinely modern ground-breaking products is stimulating the growth of the Arborvitae Oil market. Arborvitae Oil has no harmful side effects as compared to most of the conventional products, which is a dominant driving force for the market.
As an essential oil, arborvitae oil finds its end use in cosmetics, food and beverage industry, personal care, pharmaceuticals, aromatherapy and industrial sectors.
Opportunity for New Products/Innovations
The global Arborvitae oil has progressed on the outline of new product innovations and will continue to grow the same way during the period of forecast. Producers could emphasis on producing innovative products while complying with guidelines and regulations for food grade material usage.
Young Living Essential Oils featured its select 30 oil collection at International Grand Convention held in the year 2016. Along with other essential oil, arborvitae oil was also included in this 30-Oil carrying case.
In 2015, doTERRA, a key player in the essential oil market announced the expansion by opening product center in Mexico. The newly opened product center serves thousands of customers in and around Mexico City. At its product center, the company offers various types of essential oil, including arborvitae oil.
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Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, India, India, Thailand, USA, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Segments Covered
Type, Form, Application, Region
Key Companies Profiled
DoTERRA International LLC
Leffingwell and Associates
Venkatramna Industries
Lala Group of India
Verma Fragrance Industries
New Directions Aromatics Inc.
AVI Naturals
India Aroma Oils and Company
S. International
AyurVikalp
Paras Perfumers
Indian Aroma Exports
Pure Path Essential Oils
Moksha Lifestyle Products
Katyani Exports
Ahimsa Oils
Piping Rock
Arborvitae Australia Health and Wellbeing Pty
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Arborvitae Oil Market by Category
By Function:
Cleansing Agent
Purifying Agent
Flavoring Agent
By Nature:
Organic
Conventional
By End Use:
Pharmaceutical
Wood Preservation
Insect Repellent
Perfumeries
Aromatherapy
Homecare Cleaning Products
Spa and Relaxation
Healthcare
By Region:
North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
Oceania
Frequently Asked Questions
At what rate will the Arborvitae Oil Market grow?
Throughout the forecast period, the Arborvitae Oil Market is expected to grow at a CAGR of 5.8%
What is the expected value of the Arborvitae Oil Market by 2033?
By 2033, the Arborvitae Oil Market is expected to be worth USD 1,101.16 Million.
What are the key factors driving the Arborvitae Oil Market?
Arborvitae oil contains a diverse chemical profile. Arborvitae oil has a wide range of uses; it enables preventing the wood from rotting, for aromatherapy massage, as an insect repellant, and it also has diverse applications in healthcare.
Which region(s) adds to the highest Arborvitae Oil Market Valuation?
Currently, GCC Countries are at the top of the market share of Arborvitae Oil.
Who are the key players in the Arborvitae Oil Market?
Some of the key players in the Arborvitae Oil Market include Leffingwell and Associates, Venkatramna Industries, Lala Group of India, Verma Fragrance Industries, and New Directions Aromatics Inc. among others.
