Industry Background:
Cananga odorata, which is known as the Cananga tree, one of the tropical trees which is native from India, some parts of Indochina, the Philippines and Indonesia, Malaysia, Queensland, and Australia. Cananga Essential oil is made from 100% natural pure oil which is extracted by various extraction processes. These are extracted from the aromatic substances that are formed by the flowers, leaves, roots, buds, or seeds of the plant and many more such substances which have such aromatic fragrances. The rising application of these oils which are used majorly for oily skin/hair, high blood pressure, insect bites, anxiety, stress, nervous tension, and fragrancing. Therefore, the growing applications of the essential oil in many areas and domains are driving this industry.This growth is primarily driven by Increasing Adoption of Aromatherapy
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Litres |
Value Unit | 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 |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Augustus Oils Ltd. (United Kingdom), Berje Inc. (United States), Good Scents Company (United States), Excellentia International (United States), Fleurchem, Inc. (United States), Hermitage Oils (United Kingdom), Lluch Essence S.L. (Spain), Penta Manufacturer (United States), Robertet Groupe (France), A.Vogel Ltd. (United Kingdom) and Sigma-Aldrich (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The Cananga essential oil market is fragmented due to number of players present. This may be attributed to high capital requirements and maintenance costs. Furthermore, existing players are expected to advance their production capabilities, thereby sustaining their presence. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Regulatory Insights:
FDA regulation of natural products, including essential oils, is a necessity to protect consumers against companies that misrepresent or mislabel the products that they sell. According to the FDA, "Under the law, drugs must meet requirements such as FDA approval for safety and effectiveness before they go on the market.” The FDA also states that, if a product is intended for therapeutic or cosmetic use, such as treating or preventing disease or to affect the structure or function of the body, it’s a drug. The FDA guidelines will help ensure that essential oil companies making unsubstantiated claims will be held accountable.
Influencing Trend:
Adoption of Essential Oils for Body Massages Purposes is one of the Major Trend, Aromatherapy is Gaining Prominence, Especially among Urban Population and Growing Trend of Clean Labelling is a Key Trend to the Growth of Overall Industry
Market Growth Drivers:
Increasing Adoption of Aromatherapy, Growing Adoption in Cosmetic and Food & Beverage Industry, Technological Advancement for Production Technique, Cumulating Application of these Essential oils is Driving the Market and Rising Shift of Consumers Towards Natural and Organic Products
Challenges:
Specified Storage and Transportation Condition Leading to Procurement Issues and Additional Cost and High Possibility of Adulteration and Synthetic Products Development
Restraints:
High Cost of these Essential Oils and Issues Related with Health Problems Caused by Essential Oils
Opportunities:
Growth of End-Use Industries Such as Food & Beverage, Personal Care & Cosmetics, and Aromatherapy is Boosting the Industry and Several Overall Health Benefits Offered by these Oils are Anticipated to Fuel their Demand in Pharmaceutical and Medical Applications
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cananga Essential Oil Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cananga Essential Oil Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cananga Essential Oil players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cananga Essential Oil Study Sheds Light on
The Cananga Essential Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cananga Essential Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cananga Essential Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.