Global Marjoram Oil- Market Overview:
Marjoram essential oil is extracted from both fresh and dried leaves of the plant Origanum Majorana by the steam distillation process. The key active components of marjoram oil include sabinene, alpha-terpinene, gamma-terpinene, gamma-terpineol, etc. The essential oil is used topically and in aromatherapy for its soothing properties. It has a positive impact on the nervous system. While the aroma of marjoram oil is warm and woody which supports creating a calming atmosphere. Improved living standards and spending on herbal products drive the marjoram oil market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Demand for Luxury and Premium Products
Market Growth Drivers:
Increasing Awareness of the Benefits of Aromatherapy, Rising Disposable Income, Growing Demand for Natural and Organic Products and The surge in Number of Research & Development Activities in this Industry
Challenges:
Rise in Price of High-Quality Marjoram Oil Products
Restraints:
Limited Availability of Origanum Trees & is Found in Only a Few Regions of the Globe
Opportunities:
Rise in Research Activities for Marjoram Oil with Pharmaceutical Effects and it's Used in Treatments
Competitive Landscape:
Marjoram Oil is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are AG Industries (India), Young Living Essential Oils (United States), doTERRA International (United States), Nature's Alchemy (United States), Now Foods (United States), Healing Solutions (United States), Plant Therapy (United States), Aura Cacia (United States), Mountain Rose Herbs (United States) and Fabulous Frannie (United States). Additionally, following companies can also be profiled that are part of our coverage like Crystal Aromatics (India) and AayurMed Biotech Pvt. Ltd (India). Considering Market by Extraction Method Type, the sub-segment i.e. Steam Distillation will boost the Marjoram Oil- market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Marjoram Oil- market. Considering Market by Grade Type, the sub-segment i.e. Therapeutically Grade will boost the Marjoram Oil- market.
Latest Market Insights:
In July 2019, Young Living (a leader in the global market) in collaboration with D. Gary Young Research Institute announced a partnership with International Space Station (ISS) and NASA. Through this partnership, entities will provide these oils and plant seeds to ISS to study the chances of solar radiation in essential oil products.
In June 2021, the desire for pure essential oils and safe, sustainable natural products fueled doTERRA's expansion of its global presence with the announcement of a grand opening in Thailand, its newest international market. With a new corporate office in Bangkok and over 80 locally registered products, doTERRA Thailand provides full service and support to the growing base of doTERRA Wellness Advocates, ready to meet the local demand for pure, effective, and sustainable essential oils.
What Can be Explored with the Marjoram Oil- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Marjoram Oil- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Marjoram Oil-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Marjoram Oil- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Marjoram Oil- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Marjoram Oil Manufacturers, Marjoram Oil Importers & Exporters, Marjoram Oil Distributors, And Suppliers, Spa & Aromatherapy Specialists and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.