Cedar Wood Oil Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1469
The Cedar Wood Oil Market size is expected to grow at a significant rate during the forecast period. Cedar wood oil has numerous health benefits. The major factor which has driven this industry is its skin care properties. The oil provides a sedating effect causing relief from itching. It also has a soothing effect which relieves a person from anxiety issues. The product also helps to combat urinary and chest infections. The cedar wood market gained momentum when chemical selection working group (CSWG) brought it as an insect repellant. All these factors have contributed to the growth of the market.
However, there is a lack of knowledge about the benefits of cedar oil. The consumers are not aware about the advantages of the product. This has hampered the growth of the industry. Companies need to increase the consumer awareness by targeting all sections of population and advertising about the product.
Cedar wood oil is extracted from juniperus virginiana plant species which belongs to cupressaceae family. It is native to Eastern North America. Cedar wood has a rich color, woody scent and warm temperature. Its odor may change in the course of drying. The extraction of oil from the wood includes distillation of steam in fragments of wood. The crude oil extracted is yellowish in color. The product has an astringent action and works on oily skin issues, acne and hair dandruff. It is used as a genera tonic and has a prominent effect on membranes. The key ingredients of the oil are thujopsene, cedrol, alpha cedrene, widdrol, beta cedrene, and a variety of sesquiterpenes. The oil has antifungal, antiseptic and insecticidal properties. No additives, solvents or chemicals are used in the recovery process. The oil was used as a base for paints in ancient times.
The market for cedar oil can be fragmented based on the product types, applications and regions. On the basis of types, the market can be divided into Texas cedar wood oil, Western red cedar oil and Virginiana cedar wood oil. The oil obtained from juniperus virginiana has a trade name of ‘virginiana’. It is obtained from partial pressure steam distillation of old stumps, chipped logs, saw dust and other waste materials. It is mainly used in fragrance formulation, soaps, air fresheners and floor polishes. The oil extracted from Juniperus ashei is called Texas cedar wood oil. It is viscous in nature and is used in manufacturing chemical derivatives. Western red cedar oil is distilled from the branches and leaves of the tree. It is good for regulating mental health. Based on applications, the market can be divided into insect repellant, cosmetic and skin care products, toiletries, chemical derivatives and aromatherapy.
Geographically, the market has been segregated into five regions, viz., North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. U.S., Western Europe and Japan are the major markets for the product. Scientists from U.S. have discovered fuel compounds from cedar wood oil. Asia Pacific has experienced a significant growth in the market owing to high economic growth.
Some of the major participants in the industry are Venus Enterprise Ltd., Foreverest Resources Ltd., The Essential Oil Company, ORCHID Chemical Supplies Ltd., Finetech Industry Ltd., India Essential Oils, Ninon Corporation, Hermitage Oils, Kelkar Foods & Fragrance, Aromaaz International Essential Oils India, The Lebermuth Company, Inc., Global Essence, Inc., White Lotus Aromatics, Aromatic & Allied Chemicals Ltd., Wuhan Shenqu Biological Chemical Co., Ltd., Texarome Inc., Grayden CedarWorks, Phoenix Aromas & Essential Oils, Inc., etc.
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