Lavandula Oil Market Scope
Lavandula is a scientific name of lavender which is an herb. Lavender oil is used in the preparation of medicine for anxiety, restlessness, insomnia, depression, headache and pain. Additionally, it is used in the products such as Soap, Cosmetics, perfumes, potpourri and decorations. It has various advantages such as lightening of skin, reduction of wrinkles, and protect from acne. The lavender oil can be obtained over the counter from drug store. Thus easy availability and wide range of benefits is creating a demand for lavender oil.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Enio Bonchev (Bulgaria), Alpha Aromatics (United States), Sydney Essential Oil (Australia), Young Living Essential Oils (United States), Alteya Group (Bulgaria), Mother Herbs Private (India), NHR Organic Oils (United Kingdom), Rocky Mountain Soap (Canada), International Flavours & Fragrances (United States) and China Flavors and Fragrances Company (China) |
CAGR | % |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lavandula Oil market throughout the predicted period.
Enio Bonchev (Bulgaria), Alpha Aromatics (United States), Sydney Essential Oil (Australia), Young Living Essential Oils (United States), Alteya Group (Bulgaria), Mother Herbs Private (India), NHR Organic Oils (United Kingdom), Rocky Mountain Soap (Canada), International Flavours & Fragrances (United States) and China Flavors and Fragrances Company (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Takasago International Corporation (Japan), Firmenich (Switzerland), Symrise (Germany), Givaudan (Switzerland) and Aromaland (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lavandula Oil market by Type , by Application (Food and beverage, Cosmetic and Pharmaceutical) and Region with country level break-up.
On the basis of geography, the market of Lavandula 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2019, International flavors and fragrances has acquired 605 of the shares of the mighty co. ltd which is a savory solutions provider in Thailand.
In June 2019, the encapsulated powdered essential oil has been made available, according to the maker of natural ingredients Robertet. This innovative technique for incorporating lavender oils into powders for improved digestion uses prebiotic insulin as a carrier.
Influencing Trend:
Inclination of consumers towards organic products and Shift of consumer preferences towards food products made of organic materials
Market Growth Drivers:
Wide range of benefits is fueling the market growth and Flavored fragrance and eminence of lavender oil
Challenges:
Lack of awareness among the consumers
Restraints:
High costs associated with the lavender oil
Opportunities:
High demand of organic products in developing nations and Rising disposable income
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations