What is Neroli Essential Oil Market?
Neroli oil is defined as the essential oil which is produced from the blossom of the bitter orange tree. This type of oil contains aphrodisiac, anti-bacterial, anti-hypertension, bactericidal, cicatrizant, antiseptic, deodorant, fungicidal, emollient, cytophylactic,, digestive-carminative, hepato-pancreatic, hypnotic, among others. Some of the health benefits of neroli essential oil such as may help lower blood pressure by reducing cortisol, a stress hormone, lowers inflammation & pain, repairs & rejuvenates skin and others. There are several studies conducted on neroli essential oil. For instance, as per an article published by the Journal of Agricultural and Food Chemistry Trusted, neroli oil may have significant potential benefits as a treatment for inflammatory-associated diseases. Hence, it will propel the growth of the market.
The market study is being classified, by Application (Massage Oils, Bath Oil, Perfume Body Oil and Others) and major geographies with country level break-up.
Azelis UK Life Sciences (United Kingdom), Idukern FandF Ingredients (Spain), Elixens America, Inc. (United States), Pell Wall Perfumes (United Kingdom), Firmenich Inc. (India), Augustus Oils Ltd (United Kingdom), The John D. Walsh Company, Inc. (United States), The Lermond Company (United States), Treatt PLC (United Kingdom), Robertet, Inc. (France) and Berje Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are PerfumersWorld Ltd. (Thailand).
The global neroli essential oil market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United Kingdom Vendors will contribute to the maximum growth of Global Neroli Essential Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Neroli Essential Oil market by Type, Application and Region.
On the basis of geography, the market of Neroli 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Shift of Consumers towards Natural and Organic
- Increasing Demand due to Flavored Eminence and Fragrance
Market Trend
- Growing Interest in Youth Regarding the Trend of Usage of Natural and Organic Materials for Skin Care
- Increase in the Research and Development towards the Modernization of Essential Oil Soap to Address Skin Related Problems
Restraints
- Stringed Rules and Regulation
Opportunities
- Increasing Demand from Emerging Market such as China and India
Challenges
- High Cost of Premium and Essential Oil Soap Products
In 2017, as per an article published by SPINS LLC Company that the retail sales of essential oils soared is more than 38%, with consumers spending more than USD 1 billion on oils as well as accessories. Therefore, it will propel the market growth.
According to Indian Standards 30 cosmetics are listed in Schedule ‘S’ of the Drugs and Cosmetics Rules. Cosmetics Sectional Committee has published two Indian Standards for raw materials/ingredients for use in cosmetics, namely, IS 4707 (Part 1): 2017 Classification for cosmetic raw materials and adjuncts: Part 1 Colorants and 4707 (Part 2)
Key Target Audience
Neroli Essential Oil Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others