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Based on source, the eucalyptus oil market is segmented as eucalyptus globulus, eucalyptus radiata. Eucalyptus Globulus held a majority market value of USD 86.3 billion in 2022. Eucalyptus globulus is one of the most widely recognized eucalyptus species and has a long history of use in traditional remedies, driving demand.
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Based on nature, the eucalyptus oil market is segmented as organic and conventional. Organic held a dominant market share of around 60% in 2022 and is expected to grow at a lucrative pace through 2032. The organic nature of the oil aligns with the growing demand for natural and organic products in health and wellness categories.
Based on application, the eucalyptus oil market is segmented as food & beverages, therapeutics & cosmetics, aromatherapy, fragrances, others. Aromatherapy held a dominant market share in 2022 and is anticipated to grow at 6.3% CAGR up to 2032. Aromatherapy's connection to relaxation, stress relief, and emotional well-being drives demand for eucalyptus oil for use in diffusers and inhalation. Thus, the high-quality services and growing usage of Eucalyptus oil at aromatherapy are anticipated to expedite the business statistics.
Based on application, the eucalyptus oil market is segmented as convenience stores, online retail, supermarkets/hypermarkets, others. Online retail Stores held a dominant market share in 2022 and is anticipated to grow significantly till 2032. Online shopping offers the convenience of browsing and purchasing eucalyptus oil from the comfort of one's home, driving demand through this channel.
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U.S. dominated the North American region with majority market share and a revenue of USD 29.3 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North American consumers have a strong interest in health and wellness products, driving demand for eucalyptus oil due to its potential respiratory and relaxation benefits. Thus, the above-mentioned variables would augment the Eucalyptus oil business growth in the North America positively.