Press release
Agarwood Essential Oil Market: Global Industry Analysis, Growth, Trends and Forecast 2017 – 2025
Agarwood, also known as Aloeswood is one of the most precious, rare and most expensive essential oil in existence today. The production of resin can take many years in the wild, like a good wine. Due to its huge cost and extreme rarity in the wild, trees are now cultivated and the resin is actually created artificially and then extracted by water distillation. Agarwood plantations have been developed in a number of countries, such as Sri Lanka and Malyasia as commercial crops specially to produce agar wood essential oils. Agarwood essential oil has a religious, traditional as well as cultural uses in many parts of the world. Superior quality agar wood is one of the most costly raw material in the world which makes agar wood essential oils among the expensive essential oil available commercially.
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Market Segmentation:
Agarwood Essential Oil market can be segmented on the basis of, nature, distribution channel, application and region. On the basis of nature, Agarwood Essential Oil market can be segmented into natural and organic Agarwood essential oil.
On the basis of distribution channel, Agarwood essential oil market can be segmented into direct and retail sales. Direct sales refers to direct selling of Agarwood essential oil as an ingredient to industries such as cosmetic and pharmaceutical industries. Retail sales is further segmented into departmental stores, specialized drug stores, online retailers and other retailing formats. On the basis of application, Agarwood essential oil can be used in cosmetics & personal care, incense, therapeutics and others. On the basis of region, Agarwood essential oil market can be segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.
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Drivers, Restraints, and Trends:
Key demand of Agarwood Essential Oil is driven by innovative application in personal use and pharmaceutical industry. Increasing consumer preference for natural cosmetic products & high quality aromatic fragrances is driving the market growth. The rising popularity of agarwood essential oil in aromatherapy for therapeutic effects, is creating a huge demand worldwide.
The agar wood essential oils market is highly demandable, since the consumer are more inclined towards usage of safe ingredients. Scarcity of natural supply and the availability of chemical and synthetic substitutes can prove to be a threat for the agar wood essential oils market. Also the lack of proper regulatory support from government can further restrain agar wood essential oils market over the forecast period.
Regional Outlook:
Globally, consumer products industry is dynamic in nature where manufacturers and suppliers are evolving and working closely to meets the wide variety of consumer demands. The South Asian countries such as India, Indonesia, Singapore, Malaysia and others are lead manufacturers and exporters of Agarwood essential oil, followed by North America and Europe.
The agar wood essential oil market in APEJ is at its growth phase. The consumers trends are changing in the region which is driven by the growing number of retailers stocking the product and increasing innovative sale formats. Increasing demand for agarwood essential oil as a natural ingredient in the cosmetic industries is exected to support he agarwood essential oil market during the forecast period. The APEJ agarwood essential oil market has the potential to grow at significant CAGR during the forecast period, due to the growing end-use industries such as health and personal-care and the growth in the standard of living. Asia Pacific is expected to remain dominant in terms of the potential market attributing to the growing economies of India and China.
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Key Players:
Some of the prominent players of Agarwood Essential Oil are Dauper SA, Jian Zhongxiang Natural Plants Co., Ltd, Maruti Natural Fragrances, Xian Natural Field Bio-Technique Co., Ltd., Hoang Giang Agarwood Company Limited are some to name a few among essential oil manufacturers.
The report covers exhaustive analysis on:
Agarwood Essential Oil Market Segments,Agarwood Essential Oil Market Dynamics,Historical Actual Market Size, 2015-2016,Agarwood Essential Oil Market Size & Forecast 2017 To 2027,Agarwood Essential Oil Market Supply & Demand Value Chain,Agarwood Essential Oil Market Current Trends/Issues/Challenges,Players Competition & Companies Involved in Agarwood Essential Oil market,Agarwood Essential Oil Market Technology,Agarwood Essential Oil Market Value Chain,Agarwood Essential Oil Market Drivers and Restraints
Regional analysis for Agarwood Essential Oil market includes
North America,US & Canada,Latin America,Brazil, Argentina & Others,Western Europe,EU5,Nordics,Benelux,Eastern Europe,Asia Pacific,Australia and New Zealand (ANZ),China,India,ASEAN,Rest of Asia Pacific,Japan,The Middle East and Africa,GCC Countries,Other Middle East,North Africa,South Africa,Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.
Report Highlights:
Detailed overview of parent market,Changing market dynamics of the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and product offerings,Potential and niche segments/regions exhibiting promising growth,A neutral perspective towards market performance,Must-have information for market players to sustain and enhance their market footprint
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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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