Herb Oil Market: Basil Herb Oil Sought After for Immense Health Benefits: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)
- REP-GB-5069
- 2017-09-26
- 170 Pages
- Format:
- Category: Food and Beverages
Alternative medicine and herbal products have become quite popular across the world as people are increasingly seeking out ‘natural and organic solutions’ for everything. The millennial generation in particular is responsible for the push towards the herb oil market. The main reasons for this are a growing awareness and a greater importance on health and wellness. Herb oils can be either purchased at stores or made in the comfort of one’s homes and have several benefits and use-cases. Herb oils are useful in food preparation, skin therapy, in cooking or even for topical application and can either be infused or essential. The herb oil market is anticipated to have a value of more than US$ 3.7 billion by the end of 2022.
Basil Herb Oil Sought After in the Herb Oil Market
The basil segment has the largest revenue share in the herb oil market and is on track to gain substantial BPS over the study period. Basil is globally renowned for its numerous health benefits and has particular resonance in the APEJ region as the plant is considered holy by some eastern religions. Thus, it is hardly surprising that APEJ alone contributes a third of the basil herb oil market in 2017 alone and companies are advised to actively market their basil herb oils to this highly populous and influential continent. Mint herb oil closely follows basil in the herb oil market but is projected to lose share going forward. The mint herb oil segment is predicted to record a sluggish CAGR of approx. 3.5% during the period 2017 to 2022 and key stakeholders may require customized strategies to attain success in the mint herb oil market.
Niche Opportunity in Dill Herb Oil Market
The Dill herb oil segment has a single digit revenue share in the herb oil market and is unlikely to become a major force anytime soon. Nonetheless, the Dill herb oil segment is estimated to be worth almost US$ 350 million by end 2022, making it crucial for stakeholders in the herb oil market to be present in this segment. The other herbs segment is even smaller than the Dill herb segment and companies could seek to target either North America or Europe in the other herbs segment as the maximum demand is in these two developed regions of the global herb oil market.
Specialty Stores Hold the Key in the Herb Oil Market
Specialty stores account for a revenue share approaching two-fifth of the herb oil market and are easily the dominant sales channel. Specialty stores are extremely popular in the APEJ region as the region should push past a value of US$ 430 million by end 2022. The modern trade segment on the other hand is strong in Europe as well as the Europe modern trade segment is almost equal to APEJ in terms of overall size.
Competition Dashboard in the Herb Oil Market
The companies profiled in the herb oil market report are Young Living Essential Oils LC, Symrise AG, Givaudan SA, International Flavors & Fragrances Inc., Biolandes SAS, DoTERRA International LLC, The Lebermuth Company, China Flavors and Fragrances Company Limited, Citrus and Allied Essences Ltd., and Enio Bonchev Production Ltd.
Herbs are obtained from the leaves of non-woody or herbaceous plants and are used more often than spices. Herbal oils can be either made directly at home or purchased from stores and are useful in topical application or for cooking. Future Market Insights has undertaken a study of the ‘Herb Oil Market: Forecast, Trend Analysis & Competition Track – Global Review 2017 to 2022’ in its recently published report. The herb oil market has been analysed with all of its unique nuances and the historical period from 2016 to 2016 has been compared and contrasted with the forecast period ending in 2022 to present readers a clear understanding.
The herb oil market report starts with the executive summary that is concise yet comprehensive. The summary has all the information that readers pressed for time may need in a logical and easy-to-understand format. The executive summary is followed by and complemented by the introduction that includes the definition and taxonomy of the herb oil market. These sections provide the perfect first-glance at the herb oil market.
Herb Oil Market Taxonomy
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The report has used important metrics such as Y-o-Y growth, CAGR and absolute dollar opportunity to allow readers to extract all the quantitative data pertaining to the herb oil market that they may require. The report has taken an in-depth look at the supply chain by evaluating the relationship that exists between various nodes and also highlighted the cost structure that exists in the herb oil market. The pricing analysis, raw material source analysis, and a list of distributors can be expected in this section of the herb oil market report. Lastly, the market presence of important participants is provided on a regional intensity map.
The herb oil market has been studied on the basis of product type, sales channel, application, and extraction method. Each segment has a dedicated section in the herb oil market report that evaluates regional revenue, market share and Y-o-Y growth comparisons. For key stakeholders who seek to target only a particular product type or sales channel, this portion of the herb oil market report can be very useful indeed. The global herb oil market report has given an adequate amount of attention on both developed countries as well as emerging economies. The developed regions included in the report are North America, Europe, and Japan, while the emerging economies consist of APEJ, Latin America, and MEA. The revenue figures for the largest countries in every region can be expected in this section of the herb oil market report. Companies that are hard-pressed for funds and can only enter specific geographies are advised to refer to this chapter in the herb oil market report.
Competition analysis is critical in any market and this is necessary in the herb oil market as well. The competition landscape provides a brief company overview, major strategies adopted, key financials, and recent company developments that impact their overall position in the herb oil market. A competition SWOT analysis is highly recommended as it can be beneficial in deriving long-term investment and business plans.