About Lavender Essential Oil
Lavender essential oil is obtained from the extraction of the flowers of lavender. The lavender oil extraction process is very monotonous work and is distilled in the final stage. Different methods through which the essential oil is obtained include steam distillation, solvent extraction, and hydrodistillation. Lavender essential oil is the most versatile and expensive one as compared to the other essential oils. This product is popular in the food industry lavender oil is used for flavoring purposes, and in the cosmetic sector as it is used for the purpose of fragrance. It also finds applications in the pharmaceutical industry where it is used in the therapies. This has led to significant growth in the market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.34% |
The Vendors having a strong hold in the market are NOW Foodsm Enio Bonchev, Alpha Aromatics, and Sydney Essential Oil Co. Pty Ltd.. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lavender Essential Oil market throughout the forecasted period. 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.
NOW Foods (United States), Enio Bonchev (Bulgaria), Alpha Aromatics (United States), Sydney Essential Oil Co. Pty Ltd. (Australia), Young Living Essential Oils (United States), Ovvio Oils (United States), Alteya Group (United States), Fabulous Frannie (United States), Mystic Moments (United Kingdom) and Plant Therapy (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mother Herbs Private Limited (India) and NHR Organic Oils (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Lavender Essential Oil market by Type (Lavandin, Lavender Highland, Lavender Stoechas, Lavender Spike and Others), Application (Food & Beverage, Aromatherapy, Skin Care, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Lavender 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). If we see Market by Distribution Channel, the sub-segment i.e. Pharmacy and Drug Stores will boost the Lavender Essential Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand in Beauty Care and Body Care Products Globally
Market Growth Drivers:
Increasing Demand due to Flavored Eminence and Fragrance and Rising Inclination of Consumers Towards Naturally Produced Products
Challenges:
The avalaibility of raw materials can be limited in certain regions
Restraints:
Availability of the Alternative Essential Oils
Opportunities:
Increasing Applications in the Healthcare and Pharmaceutical Sector and Rising Demand from Food & Beverage Industry
Key Target Audience
Lavender Essential Oil Manufacturers, Healthcare Research Institutes, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.