Press release
Global Anthopogon Oil Market: Increasing Application of Fragrance in Food and Beverage Industry to Augment Demand, says TMR
The widening applications of fragrance and flavors in the food and beverages, personal care, and medicinal usage are providing a fillip to the global anthopogon oil market. Fragrance holds a great importance in the food and beverages and personal care industry as consumers are more likely to purchase products that have better fragrance. Unlike most of the traditional drugs and medicines, anthopogon oil carries no detrimental side effects and therefore, its demand is likely to remain high throughout the forecast horizon.
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In addition, the swelling demand for natural care product line and pleasant scented fragrances in spas, cosmetics, and perfumes is further escalating the demand for anthopogon oil. The rapid industrialization and rising disposable income of people around the world are also playing an important role in the growth of the market. On the flip side, the rising concerns regarding resource cultivation are inhibiting the growth of the market. A massive amount of raw material is required to create one ounce of oil. This is further high capital investment needed to cultivate anthopogon. Moreover, in several countries, strict government regulations pertaining to the trade of herbs are keeping the market from realizing its full potential.
On the basis of end-use industry, the global anthopogon oil market can be divided into food and beverage, personal care and cosmetics, and pharmaceutical and medical. From the geographical standpoint, the report segments the market into Asia Pacific excluding Japan, Eastern Europe, Western Europe, Japan, the Middle East and Africa, Latin America, and North America. Eastern and Western Europe collectively account for a substantial share in the global arena. The burgeoning demand for medicines, beauty products, and natural cosmetics among youth and geriatric population, especially in countries such as Spain, the U.K., Germany, Italy, and France, is contributing to the growth of these regions.
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North America will also hold a prominent position in the global anthopogon oil market owing to the high disposable income. The tax benefits and subsidies provided by governments are encouraging the production and application of anthopogon in the region. Asia Pacific excluding Japan is expected to post a noteworthy CAGR, owing to the increasing industrialization and rising disposable income in developing countries, including China, India, Vietnam, and Thailand.
Some of the key companies operating in the global anthopogon oil market are Farotti Essenze, Sydney Essential Oils, The Lebermuth Company, Biolandes, Falcon, doTerra, Young Living Essential Oils, Essential Oils, Moksha Lifestyle Products, Sydella Laboratoire, and Ungerer Limited.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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