Geranium Oil Market Size to Expand to USD 1.78 Billion by 2030

The Geranium Oil Market is poised to witness remarkable growth on account of rising demand for supplements of natural health and an expanding market for various aromatherapy products. In this press release, the market has been analyzed for its estimated growth, major driving factors, opportunities, segmentation, competitive landscape, regional outlook and future prospects.

Market Estimation, Market Growth, Drivers and Opportunities

The Geranium Oil Market was worth around USD 1.02 billion in 2023. A strong 8.2% compound annual growth rate (CAGR) development is projected, to USD 1.78 billion in 2030.

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Naturally, a number of factors are pushing this growth:

Increasing Natural Products Demand: Widespread internal drive and healing due to external supply have increased consumer interest in natural and organic products for personal care, wellness, and therapeutic use. Geranium oil, for its part, is particularly in line with this trend, since it is a non-tox, non-irritant, non-sensitizer.

Growing Use of Aromatherapy: Geranium oil is increasingly used in aromatherapy for its therapeutic benefits such as anti-bacterial, anti-inflammatory, and antidepressant properties. With the growing number of people looking at holistic health, the popularity of essential oils has increased as well, including geranium oil.

Rise of cosmetics and personal care sector: Geranium oil is being increasingly used in the luxury segments of cosmetics and personal care products owing to its gapless functioning in skin care as a skin regenerating, tightening, and anti-aging agent.

2024 U. S. Market Trends and Investments

Some of the trends and investments in the U.S. geranium oil for the year 2024 are:

Increase in Home Based Aroma Therapy: Many consumers looked towards home-based practices like aroma therapy, particularly with emerging concerns for mental health and overall wellness. This change has increased sales of essential oils including geranium oil via online retail channels.

Sustainable Sourcing Investments: Companies invested in sustainable and ethical sourcing of geranium oil. This happens after the rising consumer demand for transparency and environmental responsibility.

Product Developments: Various geranium oil based products, such as stress-relief sprays and mood-enhancing diffusers, were introduced in the market to address wellness-focused customers.

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Breakdown and Shares by Market Sector

Based on nature, application, and distribution channel, the geranium oil market is segmented. The market share of the largest segments consists of:

Conventional segment is leading the By Nature segment owing to the larger availability and the price-effective nature against organic alternatives.

Aromatherapy holds the highest share, which is due to increased consumer interest in natural therapy systems.

Based On Mode Of Sales: The B2B suppliers segment occupies the leading position, induced by bulk purchasing from industries such as cosmetics, personal care, and wellness centers.

Competitive Analysis

The geranium oil market comprises a large number of top players. The first five organizations on the rundown, based on piece of the pie, are as per the following:

Fleurchem: Best known for its collection of essential oils, Fleurchem has developed an arsenal of modern extraction technology to boost both the purity and yield of its oils.

Albert Vieille: Focused on aromatic raw materials, Albert Vieille has developed its own production capacity for geranium oil and had highlighted its focus on sustainable sourcing.

Ernesto Ventós: Targeting the niche perfumery and aromatherapy markets with innovative blends of geranium oil.

INDUKERN INTERNACIONAL-This company has diversified everything related to essential oils, with considerable effort in R&D, actively seeking to enhance extraction processes and application of products.

Robertet Group - SMS­G Certified for its 100% quality assurance, Robertet Group, a leader in natural raw materials, has a well-established vertical integration policy for its activities : order­growing, botanical & phytochemical extraction, delivery of high-quality geranium oil.

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Regional Analysis

Country-wise analysis of the geranium oil market includes:

U.S.: The United States accounts for significant share in the market mainly driven by demand from the aromatherapy and natural wellness products industries. Increase in public and private government initiatives over the years for alternative medicine and integrative health practices, has also further supported the growth of the market.

United Kingdom: The market in the United Kingdom reflects a long history of the use and appreciation of herbal medicine, coupled with a rising trend among consumers for organically grown personal care products. There are direct guidelines available from regulatory organizations on how to use essential oil, which means the protection of consumers and their trustworthiness.

Germany-The focus of natural and holistic health care in Germany is indirectly contributive factor to Germany geranium oil market. There is business for essential oils in the nation that is based on nicely structured spa and wellness industry which is responsible for continuous registration.

France: Given its status as a perfumery center, France has a relatively high geranium oil consumption. Regular supply of raw materials used for oil extraction has been guaranteed by government support for all agricultural sectors that are engaged in cultivation of aromatic plants.

Japan: The cultural tradition of herbal usage & increasing popularity of aromatherapy is expected to remain the driving force behind the growing market. Market growth is also aided by government policies promoting traditional medicine.

China: With an increase in disposable income, luxury products including personal care products is expected to drive the demand for geranium oil in China. The market has also seen a positive response from government support for traditional Chinese medicine initiatives.

Conclusion

The geranium oil market is anticipated to witness significant growth as it is propelled by demand for natural health products, aromatic therapeutic practices, product development innovations, among other factors. It is expected that companies that invest in sustainable sourcing, technological advancements in extraction and diversification of product applications will lead the market. Also, many regional government policies favor the use of herbal medicines, in addition to the well-known public culture toward herbal medicines also opens up great potential for market growth. With growing knowledge among consumers and the demand for natural and holistic solutions to health, the geranium oil market is anticipated to thrive in the years to come.

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This release was published on openPR.