Orris Oil Market Scope
Orris oil is an essential oil derived from irises. It is used as a flavoring agent and as an ingredient in perfume production. Orris oil is easily blended with carnation, neroli, inula, vetiver, jasmine, all citrus, ylang, rose, frankincense, lavender, Melissa, silver fir, orange blossom absolute, marjoram, sandalwood, musk mallow, bergamot, cedar, tuberose, and geranium. It is also used as a flavoring agent for soft drinks and candies.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Ungerer & Company, Inc. (United States), Rakesh Sandal Industries (India), Essential Oil Bulk (United States), Scatters Oils (South Africa), Eden Botanicals (United States) and Hermitage Oils (United Kingdom) |
CAGR | % |
Global Orris Oil is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Orris Oil market throughout the predicted period.
Ungerer & Company, Inc. (United States), Rakesh Sandal Industries (India), Essential Oil Bulk (United States), Scatters Oils (South Africa), Eden Botanicals (United States) and Hermitage Oils (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Neroli S.R.L. and VedaOils.
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 Orris Oil market by Type , by Application (Aromatherapy, Medicine, Perfumes, Cosmetics and Others) and Region with country level break-up.
On the basis of geography, the market of Orris 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 2022.
In 2018, Ungerer released new Creative Catalogue. The catalogue contains a cross-section of our most special Pure & Natural Essential Oils, Aroma Ingredients and Specialties.
Influencing Trend:
Consumer Preference towards Organic Cosmetic Products
Market Growth Drivers:
Increasing Applications of Orris Oil in Fragrance and Perfume Industry and Various Uses of Orris Oil can drive the Market Demand
Challenges:
Stringent Regulations with the use of Orris Oil
Restraints:
High Cost Required for the Production of Orris Oil and Allergy-Related Risks with the use of Orris Oil
Opportunities:
Increasing Adoption of Orris Oil will create Opportunities for Market Growth.
Key Target Audience
Orris Oil Manufacturers, Orris Oil Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others