Eucalyptus oil market size is projected to register a significant CAGR in the forecast timeframe, owing to increasing use of eucalyptus oil in food products as a natural additives and rising demand for eucalyptus oil for applications in aromatherapy. Rising awareness among consumer regarding the health benefits of eucalyptus oil such as it is used in treatment of cold, cough, bronchitis, and symptomatic relief of colds and congestion of the upper respiratory tract coupled with Mounting demand from cosmetics and drugs manufacturer across the globe shall foster the market growth over the forecast period.
Eucalyptus oil is type of distilled oil produced from the leaf of Eucalyptus trees. Eucalyptus oil is used in wide range of application such as pharmaceutical, repellent, antiseptic, flavoring, fragrance and industrial uses. The leaves of various eucalyptus species such as eucalyptus globulus, eucalyptus kochii, and eucalyptus polybractea are steam distilled to extract eucalyptus oil. Eucalyptus oil offer wide range of medicinal benefits. For instance, research suggests that the eucalyptus oil fights respiratory infections by killing bacteria, viruses, and fungi. It is also used for treating medical conditions such as bronchitis, asthma, plaque and gingivitis, and toenail fungus.
Eucalyptus oil is available in three grades such as pharmaceutical grade, fragrance grade, industrial grade. Pharmaceutical grade segment dominates the global eucalyptus oil market due increasing use of eucalyptus oil in treating wide range of medical conditions. The healthcare sector across the globe is growing at an exponential rate over the past few years. Countries such as the United States, Canada Germany, France, Spain, United Kingdom, Italy, Denmark, the Netherlands, and Austria, among others are among the leading countries having a well-established pharmaceutical sector. These countries offer a huge market opportunity for the eucalyptus oil producers operating worldwide.
Eucalyptus globulus also known as blue gum is widely used in therapeutics application owing to benefits for respiratory applications including helping to ease congestion and pressure, colds, flu, fever and bronchitis. It is also used in massage or other topical blends to ease muscular pain and arthritis.
The nature segment of eucalyptus oil market is bifurcated into organic and conventional. The demand for organic eucalyptus oil is projected to boost significantly over the forecast period owing to rising preference for the consumption of organic essential oils in developed and developing economies such as the United States, Canada, Germany, France, Italy, China, Japan and Australia, among others. Organic eucalyptus oil products are produced and processed without the incorporation of chemicals and fertilizers. Therefore, consumers prefer organic eucalyptus oil over conventional eucalyptus oil products. Organic certified eucalyptus oil products are currently used in variety of applications such as food & beverages and therapeutics & cosmetics. Organic labels such as Contains Organic Ingredients, 100% Organic, Made with Organic, and Certified Organic/USDA Organic assures that the products are organic.
Eucalyptus oil is used in wide range of applications such as food & beverages, therapeutics & cosmetics, aromatherapy, fragrances, and others. The therapeutics & cosmetics segment accounted for the largest share in the global eucalyptus oil market. Growing efforts by cosmetics companies to substitute chemical ingredients with natural products and rising consumer awareness of health benefits for natural cosmetics should boost eucalyptus oil industry growth. Eucalyptus oil contains various type of natural ingredients such as cineole or eucalyptol, tannins, and flavonoids. Eucalyptus oil helps in increasing ceramide production to keep the skin moisturized, reduce inflammation, and prevent UVB-induced collagen degradation. Therefore, it is used as a natural ingredient in cosmetic and personal care products such as cleansers, shower gels, beauty oils, and bath salts.
Eucalyptus oil is distributed through various sales channels such as wholesalers/distributors, modern trade & retail stores, specialty stores, and online retail. Online retailing has been beneficial in the growth and expansion of eucalyptus oil market globally. Eucalyptus oil manufacturers are focusing on distributing their products through online portals as it reduces the operational cost and help them to reach targeted customers across the globe. Online portals such as Amazon and flipkart, has been beneficial for the eucalyptus oil market growth. Many small and large scale eucalyptus oil manufacturers are focusing on selling their products online to reach international consumers and earn higher profit. Consumer are opting for online shopping to save time and money. Therefore, growing preference for online shopping is projected to boost the sale of eucalyptus oil products globally.
North America eucalyptus oil market size led by the U.S. and Canada and is expected to exhibit substantial growth over the forecast period owing to expansion of the food, personal care, and cosmetic industries.. The food sector in the United States is among the largest manufacturing sectors, accounting for more than 10 percent of all shipments which should drive the demand for eucalyptus oil.
Europe led by UK, Italy and Germany eucalyptus oil market is projected to witness substantial growth in the forecasted timespan owing to the presence of many small- and large-scale cosmetic manufacturers in this region. According to a report published based on Socio-Economic Contribution Of The European Cosmetics Industry 2019, the Europe cosmetics market was valued over USD 75 billion in 2018, making Europe the largest cosmetics market across the globe. Therefore, rapid developed in the cosmetic sector in Europe provides a wide consumer base for eucalyptus oil manufacturers. This further propels eucalyptus oil market in Europe.
Asia Pacific is likely to exhibit significant growth during the forecasted timespan owing to the rapid growth in the food & beverage, pharmaceutical and persona care sector in China, India, Japan, and Australia among others. Rapid expansion of pharmaceutical industry in India provides lucrative opportunity for eucalyptus oil manufacturers. Indian pharmaceutical industry supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. Indian pharmaceutical industry is expected to grow to US$ 100 billion by 2025 which should stimulate the demand for eucalyptus oil. The eucalyptus oil companies operating in the country can target customers in the pharmaceutical sector to increase sale over the projected period.
Global eucalyptus oil market share is fragmented and includes various Companies which includes d?TERRA, Emu Ridge, Integria Healthcare, Kama Ayurveda., Khadi Natural Healthcare, NHR Organic Oils, NOW Health Group, Inc., PLANT THERAPY ESSENTIAL OILS, Sensient Technologies Corporation, and Young Living Essential Oils.
By Grade, 2016-2027 (Tons) (USD Million)
By Product Type, 2016-2027 (Tons) (USD Million)
By Nature, 2016-2027 (Tons) (USD Million)
By Application, 2016-2027 (Tons) (USD Million)
By Sales Channel, 2016-2027 (Tons) (USD Million)
The above information is provided for the following regions and countries: