About Amyris Oil
Sandalwood West Indies, commonly known as Amyris, is an essential oil derived from the wood of the amyris tree. The gloopy material is recovered using partial pressure steam distillation, which is a physical separation technique. Amyris has extensive applications in the cosmetics market primarily as the base fixator in the manufacturing of the soaps and perfumes. The growing demand for essential oils as the disposable income and living standards of people are on a rise. North America is the largest market of the Amyris Oil.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Amyris Oil market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity. further, companies are focusing on developing innovative products to improve quality, enhances and promotes performance The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, 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.
Essential Oils Company (India), Amyris Inc. (United States), Sri Venkatesh Aromas (India), Berje Inc. (United States), Treatt (United Kingdom), Givaudan (Switzerland), Bontoux SA (France), Augustus Oils Ltd. (United Kingdom), Fleurchem, Inc. (United States) and The John D. Walsh Company, Inc. (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 AOS Products Private Limited (India), Fine Fragrance Private Limited (India) and Oneworld Corporation Private Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Amyris Oil market by Type (Natural and Synthetic), Application (Antiseptic, Cosmetics, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Amyris 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. Online {E-Commerce Stores} will boost the Amyris Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Natural will boost the Amyris Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Plastic Bottle will boost the Amyris Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cosmetics Accounts for Largest Market Share
Market Growth Drivers:
Increasing Demand from Cosmetics Manufacturers Specifically for Base Fixation in Soap and Perfume Manufacturing and Growing Disposable Income and thus Increasing Living Standards has led to Higher Demand for Essential Oils
Challenges:
Presence of Adulterated or Counterfeit Products in Market
Restraints:
Presence of Large Number of Substitute Essential Oils in Market
Opportunities:
Natural Sourced Segment is expected to Rise in Demand as People are shifting towards Chemical Free Products and Similarly Aggressive Marketing on E-Commerce may Aid in Expanding the Market
Market Leaders and their expansionary development strategies
In 2021, Amyris, Inc., a United States based synthetic biotechnology and renewable chemical company has announced acquisition of EcoFabulous Cosmetics, which is a cosmetic brand specifically targeting the Gen Z. Prior to this acquisition, Amyris acquired Costa Brazil, which is a luxury clean beauty brand, and announced its plans to sell off its flavor and fragrance business.
In 2018, Givaudan, Switzerland based multinational flavor and fragrance manufacturer has announced acquisition of 40.6% stake in Naturex, which is a France based botanical company specialised in plant based extraction. The acquisition is aimed at Givaudan’s strategic move towards plant based flavors and fragrances.
Key Target Audience
Amyris Oil Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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.