|Global Geranium Oil Market|
Global Geranium Oil Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 8% during a forecast period.
Global Geranium Oil Market Overview
Geranium oil is extracted from the leaves, flowers and stem of the geranium plant, which is non-irritant, non-toxic, and non-sensitizing. The properties like antiseptic, wound-healing and anti-depressant are creating demand for Geranium oil globally. Similarly the demand for luxury cosmetics, aromatherapy products, and essential oils, which are expected to boost the global geranium oil market during the forecast period.
The report covers the detailed analysis of the global geranium oil industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.
Global Geranium Oil Market
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The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size.
Global Geranium Oil Market Dynamics
The demand for Geranium oil is increasing due to its use as an anti-inflammatory and anti-septic agent under aromatherapy making it ideal for skin and hair care products. Increasing awareness about aromatherapy is boosting the market of geranium oil due to changing interest of people in natural care treatment like skin break out issues, injuries caused by burns and burn scars.
Similarly, awareness towards health & wellness has surged the demand for natural ingredients in food products as 80% of people in emerging nations rely on medicinal plants for primary health care needs, which is expected to boost the geranium oil market globally.
The launch of new innovative products such as Rocky Mountain Oils launched a new product line of essential oils for children, which is expected to boost the market well for potential vendors of the global market. Thus, strengthened demand for luxury cosmetics, aromatherapy products, and essential oils, are expected to boost the global geranium oil market during the forecast period.
The low-cost technology to prepare Geranium saplings was developed by Scientists from the Council of Scientific and Industrial Research- Central Institute of Medicinal and Aromatic Plants (CSIR-CIMAP), Lucknow. With this new technology, the geranium plants are developed in protective shed technology of the polyhouse instead of the aerated glasshouse, which makes this available for the farmers and can be prepared by farmers at a low cost. This technology is expected to grow the market of geranium oil during the forecast period.
Global Geranium Oil Market Segmentation Analysis
By Type, among other segments mentioned, rose geranium oil is mostly preferred by the consumers due to its antibacterial, antimicrobial, and anti-aging properties. It is extracted from the rose-scented geranium, which is native to South Africa. The qualities like astringent, deodorant, hemostatic, and anti-depressant are creating demand for rose geranium oil. This oil helps in the treatment of restlessness, irritability, and stress and also used as a flavoring agent in many food categories, alcoholic beverages, and soft drinks.
Thus, the rose geranium oil segment held the largest market share of USD 21.52 million in 2019 and is expected to hold an 8% market share during the forecast period followed by pure geranium oil and geranium Egypt oil. Where Geranium Egypt Oil is used to enhance circulation, symptoms of menstruation and menopause, reduce blood pressure & pain, and boost immunity, which is driving the Geranium Egypt Oil segment to increase globally.
Global Geranium Oil Market 1
By Application, the use of geranium oil is more in aromatherapy due to its astringent, deodorant, hemostatic, and anti-depressant qualities. Also, aromatherapy is utilized in contrast to pharmaceutical medications because of its several advantages and low side effects. Thus the aromatherapy segment is expected to hold 7.6% of the market share during the forecast period.
Global Geranium Oil Market 2
North America is expected to hold a substantial market share of XX% due to growth in the market and popularity of aromatherapy in nations such as the U.S. and Canada. The Asia Pacific is expected to experience a 7.26% of the market share due to the high demand for geranium oil from China, Japan and India. Similarly increasing global population, rapid urbanization, a growing pharmaceutical sector, and a rising geriatric population are some of the factors that are influencing consumers towards a healthy lifestyle.
The European government has initiated active healthcare programs to enhance consumer knowledge about ongoing research and innovations in the production of therapeutic drugs is expected to uphold a regional market share of 5.32% during the forecast period. This in turn is expected to drive the growth of the geranium oil market during the forecast period.
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Global Geranium Oil Market Scope: Inquire before buying
Global Geranium Oil Market 3
Global Geranium Oil Market by Region:
• North America
• Asia pacific
• Middle East and Africa
• South America
Global Geranium Oil Market: Key Players
• Albert Vieille
• Ernesto Ventos
• INDUKERN INTERNACIONAL
• Robertet Group
• Young Living
• Bio Landes
• Amphora Aromatics Ltd
• Oils4life Limited
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