Press release
Sales of Oregano Oil are forecasted to reach US$ 13.49 billion by the end of 2034
Oregano Oil Market
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Oregano oil, derived from the leaves of the oregano plant (Origanum vulgare), has garnered significant attention in recent years due to its diverse therapeutic properties and versatile applications across various industries.
The global oregano oil market has experienced robust growth in recent years, driven by increasing consumer awareness of natural health remedies and the growing demand for organic and clean-label products. Oregano oil, with its potent antimicrobial, antioxidant, and anti-inflammatory properties, has emerged as a preferred choice for consumers seeking natural alternatives to synthetic medications and additives.
Top Key players in the market include: NOW Health Group, Inc., AOS Product Pvt. Ltd., Doterra International, LLC, Healing Solutions, Plant Therapy, Rocky Mountain Oils, LLC, Aura Cacia, Fabulous Frannie, Mountain Rose Herbs, Plant Guru, Natural Factors Nutritional Products Ltd., SVA Organics, North American Herb and Spice, Edens Garden, NHR Organic Oils, Visagenics Premium Essential Oils, Ultra International B.V., Young Living Essential Oils
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Market Dynamics
Drivers
Rising consumer inclination towards natural and organic products
Growing awareness of the health benefits of oregano oil
Increasing prevalence of diseases and infections driving demand for preventative measures
Versatility of oregano oil in pharmaceutical, food and beverage, and personal care industries
Restraints
Limited availability of oregano oil due to geographic constraints
Regulatory challenges related to labeling and health claims
Competition from synthetic alternatives in pharmaceutical and personal care sectors
Market Segmentation
By Nature: Organic, Conventional, By Content :, Carvacrol 0% to 24%, Carvacrol 25% to 50%, Carvacrol 51% to 75%
By Application: Pharmaceuticals, Food & Beverages, Cosmetics & Personal Care, Retail/Households
By Distribution Channel: Business to Business, Business to Consumer, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retail
By Region: North America, Europe, East Asia, Latin America, Middle East & Africa, South Asia & Oceania
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Competitive Landscape
The global oregano oil market is characterized by the presence of both established players and emerging companies striving to gain a competitive edge through product innovation, strategic partnerships, and expansion into new markets.
Future Outlook
The oregano oil market is expected to witness continued growth in the coming years, driven by factors such as increasing consumer awareness, expanding applications across industries, and growing demand for natural and organic products. However, challenges related to supply chain disruptions and regulatory hurdles may pose constraints to market growth.
Key Takeaway from Market Study
The global oregano oil market is predicted to be valued at US$ 8.22 billion in 2024.
Worldwide demand for oregano oil is projected to reach a market value of US$ 13.49 billion by the end of 2034.
The market is projected to expand at 5.1% CAGR from 2024 to 2034.
East Asia is forecasted to account for 23.7% share of global market revenue by 2034.
Sales of oregano oil in Japan are predicted to increase at 5.9% CAGR from 2024 to 2034.
The pharmaceuticals segment is forecasted to hold 34.2% share of the global market by the end of 2034.
Read More - https://www.globenewswire.com/news-release/2023/12/12/2794475/0/en/Oregano-Oil-Market-to-Exceed-US-13-49-Billion-at-a-CAGR-of-5-1-by-2034-Fact-MR-Report.html
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