What is Spikenard Essential Oil?
Spikenard essential oil is a historical medicinal tool. It has anti-inflammatory and antibacterial properties which are used for fungal-related infections, like athlete’s foot, dandruff, pains related to muscle aches and menstruation, joint pain, and others. The oil has an earthy and musky scent. It helps to reduce anxiety, depression, insomnia, and stress.
The market study is broken down by Type (American Spikenard, Indian Spikenard, Japanese Spikenard and Himalayan Spikenard), by Application (Personal Care, Fragrance, Cosmetics and Others) and major geographies with country level break-up.
Global Spikenard Essential Oil is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching 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. 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.
Ahimsa Oils (Australia), doTERRA (United States), Vinayak Ingredients India Pvt Ltd (India), Eden Botanicals (United States), The Good Scents Company (United States), A.G.Industries (India), Expo Essential Oils (India) and India Essential Oils (India) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Spikenard Essential Oil market by Type, Application and Region.
On the basis of geography, the market of Spikenard Essential Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Spikenard Essential Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Extraction Method, the sub-segment i.e. Steam Distillation will boost the Spikenard Essential Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
As per the FDA regulations, “Spikenard Essential Oil use in the number of cosmetic products. The cosmetic products should be labeled with all ingredients with almond oil concentration.”
Market Trend
- Consumer Interest in Organic Products for Daily Usage
- Introduction of New Applications of Spikenard Essential Oil
Market Drivers
- Various Health Benefits of Spikenard Essential Oil including Treating the Chakras of Heart
- Increasing Applications of Spikenard Essential Oil as an Anti-Inflammatory and Antibacterial Agent
Opportunities
- Rising Demand for Spikenard Essential Oil from Body Massaging Sectors can create Opportunities for the Market Growth
Restraints
- Side Effects with Spikenard Essential Oil like Itchiness and Irritation and Others
- High cost associated with the Spikenard Essential Oil
Challenges
- Regulatory Standards on the Application of Spikenard Essential Oil in Cosmetic Products
Key Target Audience
Spikenard Essential Oil Manufacturers, Spikenard Essential Oil Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.