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Lavandula oil Market

Market Insights on Lavandula oil covering sales outlook, demand forecast & up-to-date key trends

Lavandula oil Market Research Report by Type, Application, distribution channel & Region – Forecast to 2022-2032

Lavandula oil Market Outlook

According to Future Market Insights research, during the projected period, the Global Lavandula oil market is expected to grow at a CAGR of 6.0%. The market value is projected to increase from US$ 913.8 Mn in 2022 to US$ 1,636.5 Mn by 2032. The Lavandula oil was valued at US$ 879.5 Mn at the end of 2021 and is anticipated to exhibit CAGR growth of 4% in 2022.

Market Size Value in 2022

US$913.8 Mn

Market Forecast Value in 2032

US$1,636.5 Mn

Global Growth Rate (2022 to 2032)

6.0% CAGR

Forecast Period

2022-2032

Market Share of UK in Europe

3.3%

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Introduction

Lavandula oil is an extract from the Lavandula angustifolia plant, which grows lavender flowers. Steam distillation, hydro distillation, and solvent extraction are some of the distillation methods used to extract Lavandula oil.

Lavender oil is another name for Lavandula oil. It is one of the expensive to produce essential oils available worldwide. Lavandula oil is frequently used by numerous end user industries, including the food and beverage, cosmetics and personal care, and pharmaceutical industries, to process their goods.

Comparing historical outlook and projections for the world's Lavandula oil Market

The historical outlook and projections of the market for the world in 2017 was US$ 9471.4 Mn and During the projection period, it is anticipated that the global market for Lavandula oil will expand at a CAGR of 5.0% (2022-2032). Consumers' rising health consciousness, rising disposable incomes, and evolving lifestyles are some of the drivers driving the industry.

Due to consumer willingness to spend money on healthy products, the worldwide Lavandula oil market is anticipated to expand significantly during the forecast period.

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Category-wise Insights

Why pharmaceutical industry is consuming Lavandula oil?

Demand from the pharmaceutical sector has increased as a result of Lavandula oil's success in treating conditions like diabetes, the common cold, and cough. Additionally, it has anti-allergic, anti-fungal, anti-insomnia, anti-eczema, and anti-nausea properties.

Which are the different essential ingredients in Lavandula oil?

Monoterpenes (linalool, linalyl acetate, Lavandula, geraniol, bornyl acetate, borneol, terpineol, and eucalyptol or lividly acetate) are the primary active components. Depending on their chemical makeup, these oils may have various antibacterial and antifungal properties and other components are all forms of Lavandula oil.

What is the different end user application of Lavandula oil?

Lavandula oil is a natural oil with a wide range of uses. It is commonly used in personal care products, pharmaceuticals, and food and beverage products. Lavandula oil has many benefits, including its ability to soothe and calm the skin, relieve anxiety and stress, and boost the immune system.

Country-wise Insights

What is the growth status of Lavandula oil market in North America?

North America remains the highest consumer of Lavandula oil globally as the food and beverage industry with the pharmaceutical industry in the region is creating a surge in demand for Lavandula oil.

How many regions are studied in this report for Lavandula oil market?

Geographically, there are seven regions that make up the market for Lavandula oil: North America, Latin America, Africa, Western Europe, Eastern Europe, and Asia Pacific excluding Japan.

Which region is major producer of Lavandula oil market?

Europe and Asia-Pacific, two enormous continents with diverse climes and topographies, are where Lavandula oil is produced. Due to the ideal circumstances for development and cultivation, the majority of Lavandula oil is produced in these areas. The climate in Europe and the Asia-Pacific region is suitable for producing Lavandula oil since it offers the best conditions for growth and cultivation. Production of Lavandula oil has been taking place in these areas for generations. Due to ideal circumstances for cultivation and growth, Lavandula oil production is still running strong today in both Europe and Asia Pacific.

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Supermarket and Distributors Are Propelling the Growth Lavandula oil market

Demand for sustainably sourced Lavandula oil is growing among various manufacturing industries including cosmetic care and clothing, food, food service, and retail. The main driver of the global market for Lavandula oil is the increasing consumption of Lavandula oil among various sectors around the world.

Another powerful element that is anticipated to support the expansion of the Lavandula oil market during the designated period is the use of Lavandula oil in food and beverage products.

The majority of Lavandula oil is imported into North America, with the largest suppliers being France, Spain, Italy, and Croatia. The oil is then used by industries in a variety of different ways, such as in aromatherapy, massage therapy, and diffusers.

Investments in environmentally friendly or naturally grown products are expected to drive the demand for Lavandula oil on the open market, which in return will taxable years as an organization in the Lavandula oil business.

Competitive Landscape

The highest market share in terms of overall income and volume contribution belongs to Europe. Leading firms are expanding and combining with local players in this region, and Bulgaria is the growth engine in the area. It is anticipated to be a lucrative market for the worldwide Lavandula oil market.

Due to growing consumer demand for natural products and an increase in the number of customers residing there, the Asia Pacific is now the next in line after Europe.

DRIVERS: Lavandula oil services are used in the beauty industry's manufacturing because of its capacity to, among other things, fight against acne and eczema, stimulate dry skin, prevent inflammation, and prevent wrinkles.

Numerous health advantages of lavendula oil have been demonstrated, including lowering worry and stress, enhancing sleep, and speeding up the recovery of minor wounds and scrapes. Additionally, it can be incorporated to skincare and cosmetic goods as well as utilised to flavour meals.

Lavandula 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

  • Young Living Essential Oils
  • TERRA
  • NOW Foods
  • Ovivo Oils
  • Ennio Bonchev
  • Alteya Group
  • Alpha Aromatics
  • Mother Herbs Private Limited
  • Sydney Essential Oil Co. Pty Ltd
  • NHR Organic Oils.

Report Coverage

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

Customization & Pricing

Available upon Request

Lavandula oil Market segmented

By Type, the Lavandula oil Market is segmented as:

  • Crude oil
  • Refined oil

By Distribution channel the Lavandula oil Market is segmented as:

  • Health and Beauty Stores
  • Drug Stores
  • Online Retailing
  • Others

By End-use, the Lavandula oil Market is segmented as:

  • Cosmetics
  • Pharmaceutical
  • Perfume Products
  • Soap

Frequently Asked Questions

The global Lavandula oil market will reach a valuation of US$ 11,579.5Mn by the end of 2022.

The US Lavandula oil Market is contributing 38 % of total market share which values at US$ 33.4% Mn.

USA, Germany, Japan, China are the major countries driving demand for Lavandula oil Market.

In Germany Lavandula oil Market is contributing 28.3% of total market share which values in year 2022.

The global Lavandula oil market is forecasted to surpass US$ 18,861.5Mn by the end of 2032.

The Lavandula oil market is expected to register 5.4% CAGR between 2022 and 2032.

The demand for Lavandula oil is expected to grow at 2.8% market Share value.

The Japan Lavandula oil market will grow at 5.5% market Share value.

The India Lavandula oil market will grow at 5.5% CAGR for 2022.

The China Lavandula oil market will grow at 6.0% CAGR for2022.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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