Global Cedarwood Oil Market Expected to Reach $587.3 Million by 2030, Driven by Diverse Applications and Therapeutic Properties

According to a new report published by Allied Market Research, titled, "Cedarwood Oil Market by Technique, End Use, and Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global cedarwood oil market size is expected to reach $587.3 million by 2030, growing at a CAGR of 6.6% from 2021 to 2030.

👉 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.alliedmarketresearch.com/request-sample/16228

Cedarwood oil is gaining rapid traction among consumers and various manufacturers in pharmaceuticals, food & beverages, spa & relaxation, and personal care industries, owing to numerous therapeutic and medicinal properties found in the cedarwood oil. Cedarwood oil is extensively used in manufacturing of insect repellents, anti-bacterial products, perfumes, shampoos, colognes, and beauty soaps. Furthermore, consumers are increasingly using cedarwood oil in aroma therapy that promotes calmness and soothing of mind. Growth in applications of cedarwood oil is expected to boost growth of the global cedarwood oil market.

The global cedarwood oil market is experiencing significant growth, driven by its diverse applications in various industries such as pharmaceuticals, cosmetics, toiletries, aroma therapy, and spa & relaxation. Cedarwood oil's therapeutic and medicinal properties contribute to its popularity, with applications ranging from insect repellents and anti-bacterial products to perfumes, shampoos, and beauty soaps. The oil's anti-anxiety and anti-depressant properties also make it a sought-after ingredient in the spa & relaxation industry, promoting calmness and soothing the mind.

Cedarwood oil has emerged as a versatile ingredient with diverse applications across industries such as pharmaceuticals, food & beverages, spa & relaxation, and personal care. Its therapeutic and medicinal properties have made it a popular choice in various products, including insect repellents, anti-bacterial products, perfumes, shampoos, and beauty soaps. Additionally, the use of cedarwood oil in aromatherapy for promoting calmness and soothing the mind has contributed to its growing demand.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

💡Therapeutic Properties: Cedarwood oil's anti-anxiety and anti-depressant properties have fueled its demand, particularly in the spa & relaxation industry.

💡Health and Wellness Tourism: Growth in health and wellness tourism worldwide has increased the demand for spa therapy, body massage, and aromatherapy, further boosting the consumption of cedarwood oil.

💡Medicinal Benefits: The medicinal and therapeutic benefits of cedarwood oil have driven its demand in the pharmaceutical industry.

👉 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 https://www.alliedmarketresearch.com/purchase-enquiry/16228

💡𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗
The COVID-19 pandemic had a neutral impact on the cedarwood oil industry, with disruptions in supply chains and production facilities due to lockdown measures. However, the medicinal benefits of cedarwood oil led to increased demand in regions like North America and Europe.

💡𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐞𝐧𝐞𝐭𝐫𝐚𝐭𝐢𝐨𝐧
The rise in e-commerce channels has simplified the distribution of cedarwood oil, allowing consumers to browse and purchase different brands from the comfort of their homes.
Market Segmentation:

💡Technique: Steam distillation dominates the market due to its efficiency in large-scale production and maximum oil extraction.

💡End Use: The cosmetics & skincare segment is expected to grow rapidly, driven by the skin benefits offered by cedarwood oil, such as acne treatment and hair loss treatment.

💡Industry: Pharmaceuticals present significant opportunities due to cedarwood oil's various therapeutic benefits.

💡Region: North America leads the market, with the U.S. being the leading producer and consumer of cedarwood oil. Factors such as increased consumer awareness, higher expenditure on health and wellness, and rising prevalence of skin and mental disorders contribute to market growth in the region.

👉 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/16228

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐞𝐝𝐚𝐫𝐰𝐨𝐨𝐝 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞
- The global cedarwood oil market was valued at $303.8 million in 2020.
- It is projected to reach $587.3 million by 2030.
- The compound annual growth rate (CAGR) from 2021 to 2030 is estimated at 6.6%.

📍𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞
- The steam distillation segment was the highest contributor to the market.
- It accounted for $257.8 million in 2020.
- The segment is projected to reach $484.7 million by 2030.
- The CAGR for the steam distillation segment is estimated at 6.3% during the forecast period.

📍𝐄𝐧𝐝 𝐔𝐬𝐞
- The aroma therapy segment was the highest contributor to the market.
- It represented $119.8 million in 2020.
- The segment is estimated to reach $217.8 million by 2030.
- The CAGR for the aroma therapy segment is projected at 5.9% during the forecast period.

📍𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
- The spa & relaxation segment was the highest contributor to the market.
- It contributed $205.9 million in 2020.
- The segment is estimated to reach $390.7 million by 2030.
- The CAGR for the spa & relaxation segment is estimated at 6.4% during the forecast period.

👉 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 https://www.alliedmarketresearch.com/checkout-final/673cf2e6c85fe4cce8d925d7d77093ed

These findings provide a comprehensive overview of the current state and future growth prospects of the cedarwood oil market. The dominance of segments like steam distillation, aroma therapy, and spa & relaxation highlights the diverse applications and therapeutic properties of cedarwood oil across various industries. The projected market growth indicates sustained demand and opportunities in the coming years.

Cedarwood oil's diverse applications and therapeutic properties are driving its demand across industries, with opportunities for growth in segments like cosmetics & skincare and pharmaceuticals. As consumer awareness and e-commerce penetration continue to rise, the cedarwood oil market is poised for further expansion.

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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 of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

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