What is Cedar Oil Market?
Cedar oil is defined as the oil which is extracted from Juniperus virginiana plant species with belongs to Cupressaceae family. It is also known as Cedarwood oil. It provides a sedating effect which causing relief from itching. It also helps to chest infections and combats urinary. The cedar tree grows equipped 30 meters with lives for more than 1000 years. Texas cedarwood oil, virginiana cedarwood oil, and Western red cedar are some of the major types of cedarwood oil. Rising skin care benefits of cedarwood oil including its sedating capabilities is expected to drive the growth of the cedar oil market over the years to come.
The market study is being classified by Type (Texas Cedar Wood Oil, Western Red Cedar Oil, Virginiana Cedar Wood Oil and Others), by Application (Medical, Spa& Relaxation and Others) and major geographies with country level break-up.
Wuhan Sunhy Biology Co., Ltd. (China), Cedar Oil Industries (United States), Grayden CedarWorks (United States), HuBei JuSheng Technology (China), Jiangxi Global Natural Spices Co. (China), Essential oil in. (United States), SSS biotic.com (United States), Texarome (United States), Henan Allgreen Chemical Co., Ltd, (China) and Finetech Industry Limited,(China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ORCHID Chemical Supplies Ltd,(India) and Grayden CedarWorks(United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cedar Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cedar Oil market by Type, Application and Region.
On the basis of geography, the market of Cedar 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising skin care benefits of cedar wood oil including its sedating capabilities
- Increasing usage of cedar oil in healthcare industry
Market Trend
- Technology Advancement in Cedar oil
Restraints
- Lack of knowledge about the benefits of cedar oil
Opportunities
- Rising Demand from Emerging Economics Such as India, China and others
Challenges
- High Price of Cedar Oil Products
In July 2010, as per an article published by the Environmental Protection Agency (United States), Cedarwood oil RED will not apply to registered cedar wood block products. Hence, it acts as a hamper for market growth.
Key Target Audience
Manufacturers of Cedar Oil, Suppliers of Cedar Oil, Wholesalers, Distributors and Retailers of Cedar Oil, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others