About Fir Essential Oil
The essential oil of fir needle is used to treat sore throats, respiratory infections, tiredness, muscle aches, and arthritis. In addition to cosmetics, fragrances, bath oils, air fresheners, and incense, fir needle essential oil is used in the manufacturing of essential oils. The fir needles of the Balsam fir (Abies balsamea) and silver fir (Abies alba) tree species are the most common sources of fir needle essential oil.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mountain Rose Herbs (United States), Plant Therapy Essential Oils (United States), A. G. Industries (India), Paras Perfumers (India) and Ungerer & Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fir Essential Oil market by Type (Absolute and Blends), Application (Pharmaceutical, Personal Care, Cosmetic and Other) and Region.
On the basis of geography, the market of Fir Essential Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Health Consciousness among the Consumers
Market Growth Drivers:
High Demand from Arthritic Disease and Used as an Efficient Anti-cancer Agent
Challenges:
Lack of Awareness Among the Consumers
Restraints:
Availability of Alternative Products
Opportunities:
Increasing Disposable Income in Developing Economies and Rising Prevalence of Health Problems
In September 2023, dōTERRA announced the launched of several new essential oils and essential oil blends at their global convention today as well as additions to their sleep and gut health systems. dōTERRA remains firm in their goal to provide high quality products and sustainably sourced essential oils.
Key Target Audience
Fir Essential Oil Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.