Industry Background:
Sassafras contains an aromatic oil. It is obtained from stem distillation of the root bark. This distillation provides about 90% of safrole by weight. This oil is mainly used for skin related disorders. Also it is highly recommended for urinary tract disorders, swelling in the nose and throat, bronchitis, high blood pressure in older people. In addition, gout, arthritis, and cancer is also treated by using this oil. It is known as “blood purifier.” Hence, it is highly recommended in pharmaceutical industry. However, it is not permitted as a commercial flavouring. Geographically, Asia Pacific region is expected to grow with higher growth rate over forecast period followed by North America and Europe owing to increasing expenditure of pharmaceutical industry in emerging countries of the region.This growth is primarily driven by Increasing Expenditure of Pharmaceuticals & Cosmetics Industry across the Globe
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Lit |
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 Personal Products 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 Berje Inc. (United States), Blue Pacific Flavors (United States), George Uhe Company (United States), Jiangyin Healthway (China), Penta International (United States), R C Treatt & Co Ltd (United Kingdom), Reincke & Fichtner GmbH (Germany), The Good Scents Company (United States), Lluch Essence (Spain), Kanta Enterprises (India) and Noble Molecular Research (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The market of Sassafras Oil is expected to grow with rising demand from pharmaceutical industry. Several companies are operating in the market to provide Sassafras Oil with features. The market is fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Influencing Trend:
Rising Preference for Essential Oils across the Globe
Market Growth Drivers:
Increasing Expenditure of Pharmaceuticals & Cosmetics Industry across the Globe and Augmented demand of Personal Care Products as per rising per Capita Income
Challenges:
Harmful Side Effects on Health
Restraints:
Fluctuation in Raw Material Availability
Opportunities:
Growing Demand for Skin related Medications
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 Sassafras 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 Sassafras 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 Sassafras 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, Sassafras Oil Study Sheds Light on
The Sassafras Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sassafras Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sassafras 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.