Eucalyptus Oil Market Poised to Reach $252.0 Million by 2030, Fueled by Health and Wellness Trends: Allied Market Research

According to a new report published by Allied Market Research, titled, "Eucalyptus Oil Market by Nature, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global eucalyptus oil market size was valued at $135.5 million in 2020, and is projected to reach $252.0 million by 2030, registering a CAGR of 6.6% from 2021 to 2030.

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With $72.9 million in 2020, the traditional segment led the market and is expected to grow at a compound annual growth rate (CAGR) of 6.2% to $130.3 million by 2030. At a CAGR of 7.1%, the organic segment is projected to reach $121.7 million by 2030. At a noteworthy CAGR of 8.0%, Asia-Pacific is projected to reach $71.8 million by 2030. In 2020, the combined share of North America and Europe was around 69.4%, with the former accounting for approximately 40.3% of the share. Throughout the projection period, significant CAGRs of 8.0% and 6.9%, respectively, are anticipated in Asia-Pacific and Europe. By 2030, it is projected that the combined share of these two sectors would have increased to 58.5% from 54.0% in 2020.

Steam distillation is used to extract eucalyptus essential oil from the large genus of blooming trees and shrubs known as eucalyptus. The liquid form of eucalyptus oil is transparent or pale yellow. It has a strong, camphoraceous flavor, a chilly feeling, and a fragrant, camphoraceous odor. A minimum of 70.0 percent of the product must be cineole. Although some of its species can also be found in Indonesia and New Guinea, it is native to Australia. One of the main sources of eucalyptus essential oil is the evergreen tree Eucalyptus globulus, which is one of the most commonly farmed species in Australia. The market for eucalyptus oil is driven by the tree's use in numerous sectors.
The essential oils of eucalyptus are known for their antiseptic and antifungal properties. It is common knowledge that eucalyptus essential oil keeps mosquitoes away. Because eucalyptus contains 80-95 percent more cineole than any other plant or herb, its essential oil extraction process has a strong synergistic effect. There are several applications for eucalyptus essential oil across numerous industries. The eucalyptus oil industry has grown overall as a result of these applications.

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The eucalyptus oil market is divided into segments for study purposes based on distribution channel, geography, nature, and application. The market for eucalyptus oil is naturally divided into conventional and organic categories. The food and beverage, therapeutics and cosmetics, aromatherapy, and fragrances segments of the market are separated based on application. The global market is segmented into hypermarkets/supermarkets, specialty stores, internet channels, and other channels based on their distribution channels. The market is examined by region in the following areas: Asia-Pacific (China, India, Japan, Australia, Indonesia, and the Rest of Asia Pacific), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), North America (United States, Canada, and Mexico), and Latin America and the Caribbean (Brazil, Argentina, South Africa, UAE, and the Rest of LAMEA).

By definition, the traditional sector held the largest share in 2020 of the eucalyptus oil market. The second-most-planted multipurpose woody tree species worldwide is eucalyptus. This hardwood tree is valuable to the paper and lumber industries. Traditional eucalyptus plantations use fertilizers and pesticides, which leads to high productivity and product availability on the market. Moreover, the market's demand for eucalyptus has increased along with its use in numerous industries, making it imperative that the crop be readily available. The growing popularity of natural fertilizers and insecticides has also contributed to the expansion of the eucalyptus oil industry in recent years.

Based on application, the therapeutics and cosmetics segment held the biggest share of the worldwide eucalyptus oil market in 2020 and is predicted to continue leading the market throughout the duration of the projection. The eucalyptus oil industry should flourish as a result of expanding cosmetics companies' efforts to switch out chemical ingredients with natural products and growing consumer knowledge of the health benefits of natural cosmetics. Among the natural substances included in eucalyptus oil are flavonoids, tannins, and cineole, also known as eucalyptol. By promoting ceramide synthesis, eucalyptus oil helps to keep the skin moisturized, reduce irritation, and stop UVB-induced collagen breakdown. It is therefore used as a natural ingredient in a variety of cosmetic and personal care products, including cleansers, bath salts, shower gels, and beauty oils.

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Based on a distribution channel analysis of the eucalyptus oil market, the hypermarkets/supermarkets sector held the largest share in 2020. Supermarkets and hypermarkets make it convenient for customers to shop for a variety of goods under one roof. Supermarkets and hypermarkets provide their customers with a large selection of goods, product discounts, assistance from salespeople, and quick checkout times. Benefits are expected to fuel the growth of hypermarkets and supermarkets in the anticipated time frame.

Asia-Pacific, followed by Europe, was the region with the quickest rate of growth throughout the projection period. In base year, North America has the largest share. The two most important nations, controlling a sizable portion of the world market, were China and the United States.

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Key Findings Of The Study

On the basis of nature, the organic segment is projected to witness the highest CAGR of 7.1% in terms of revenue during the forecast period.
Depending on application, the aromatherapy segment is expected to dominate the market through 2021-2030.

By distribution channel, the hypermarkets/supermarkets segment occupied the largest market with maximum value share in 2020, and online segment is expected to grow at the significant CAGR during the forecast period.

U.S. is the largest country in terms of demand and production of eucalyptus oil in 2020.

Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 8.0% from 2021 to 2030.

Key players in the eucalyptus oil market have relied on product launch as their key strategic move to stay relevant in the global market. The key players in the eucalyptus oil industry profiled in the report are Doterra International, LLC, Now Health Group, Inc., Young Living Essential Oils, LLC, NHR Organic Oils, Integria Healthcare (Australia) Pty Ltd., Plant Therapy Essential Oils, Biolandes SA, Emu Ridge Eucalyptus, Sensient Technologies Corporation, Symrise AG

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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