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The coriander oil market size is forecast to increase by USD 32.2 million, at a CAGR of 8.5% between 2023 and 2028. The market is driven by several key factors, including the health benefits associated with the oil. Coriander oil is known for its antimicrobial, antioxidant, and anti-inflammatory properties, making it a popular choice in the food and pharmaceutical industries. Additionally, the use of coriander oil to increase the shelf life of food products is a significant trend in the market. However, a reduction in coriander seed growing areas due to unfavorable weather conditions and other agricultural challenges poses a threat to the market's growth. Despite these challenges, the market is expected to continue expanding due to the growing demand for natural food preservatives and the increasing awareness of the health benefits of coriander oil.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The food and beverage segment is estimated to witness significant growth during the forecast period. Coriander Oil, derived from the seeds of the coriander plant, offers a distinct flavor and holds significant value in various sectors due to its health benefits and culinary uses. The oil is extracted through methods such as cold pressing or solvent extraction, resulting in distilled or roasted coriander oil. Its production may involve the use of pesticides and synthetic fertilizers, but the final product undergoes rigorous refining processes, including bleaching and distillation, to eliminate impurities. Coriander Oil boasts several medicinal properties, including antibacterial and antifungal capabilities, making it an effective solution for acne prevention and the reduction of blackheads. It aids in addressing skin problems, including flaking skin and sunburns, and offers anti-inflammatory properties to alleviate muscle rigidity, tendonitis, and inflammation.
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The food and beverage segment accounted for USD 33.30 million in 2018 and showed a gradual increase during the forecast period. Furthermore, it promotes blood circulation and assists in muscle fatigue pain relief. The oil's nutritional value and antioxidant properties contribute to its popularity in the wellness sectors and natural medicine. In addition to its health benefits, coriander oil is used as a flavoring agent in various dishes and contributes to the aromatic appeal of many cuisines. Health-conscious consumers increasingly seek premium raw coriander oil for its versatility and potential therapeutic properties. Sewage sludge and ionizing radiation are not part of the production process for coriander oil. Chemical solvents may be used in the extraction process but are removed during refining.
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Europe is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Coriander Oil, derived from the seeds of the Coriandrum sativum plant, is renowned for its herbaceous aroma and various health benefits. Extraction techniques, such as steam distillation, are employed to obtain this precious essential oil. With the increasing demand for natural and organic ingredients, sustainable sourcing and eco-friendly production methods are being prioritized. Coriander Oil finds extensive applications in the cosmetics industry for its calming properties and anti-inflammatory, antimicrobial, and antioxidant properties. In food products, it serves as a flavoring agent, enhancing the taste of various dishes, including culinary applications, alcoholic beverages, and spa and relaxation formulations. Organic coriander oil, sourced from certified organic farming, is gaining popularity due to its therapeutic grade and medical applications. Sustainable production methods ensure that this natural resource is not depleted, and the food service industry and households continue to benefit from its culinary uses. Coriander Oil's stress-relieving properties and skincare formulations make it an essential component in natural remedies for free radical damage, skin damage, pollution, and other environmental stressors. Despite the availability of synthetic alternatives, the demand for organic and natural coriander oil remains high due to its proven health benefits.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Health benefits associated with coriander oil is notably driving market growth. Coriander oil, derived from the Coriandrum sativum plant, offers a multitude of health benefits and culinary uses. In agriculture, coriander oil serves as a natural alternative to pesticides and synthetic fertilizers, while in the production process, it undergoes distillation and bleaching to extract its distinctive flavor and aroma. The oil possesses antioxidant properties that protect against free radical damage and slow down the aging process. Topically, it can be used to reduce the appearance of age spots, wrinkles, and improve skin texture by preventing acne and blackheads. Its antibacterial and antifungal properties make it effective in treating various skin problems, including sunburns, flaking skin, and chapped lips.
Additionally, coriander oil has anti-inflammatory properties, providing relief from muscle rigidity, tendonitis, inflammation, and muscle fatigue pain. With its numerous health benefits and medicinal properties, coriander oil is gaining popularity in personal care, wellness sectors, and natural medicine. Premium products, such as raw or roasted coriander oil, are produced through cold pressing, ensuring maximum nutritional value and flavoring for various dishes. Health-conscious consumers continue to seek out the benefits of this versatile oil for its aromatic, medicinal, and nutritional properties. Thus, such factors are driving the growth of the market during the forecast period.
Use of coriander oil to increase shelf life of food products is the key trend in the market. Coriander oil, derived from the Coriandrum sativum plant, is a valuable essential oil with a distinct aroma and a myriad of health benefits. In the agricultural sector, coriander oil is used as a natural alternative to pesticides and synthetic fertilizers, making it an eco-friendly choice for farmers. The oil's antimicrobial properties inhibit the growth of bacteria, making it an effective solution for food preservation. In the personal care sector, coriander oil is renowned for its antibacterial and antifungal properties, making it an excellent remedy for acne prevention, blackheads, and other skin problems.
It soothes flaking skin, sunburns, and chapped lips, and has anti-inflammatory properties that alleviate tendonitis, inflammation, muscle rigidity, and muscle fatigue pain. Coriander oil is also rich in nutritional value and antioxidant properties, making it a popular choice for health-conscious consumers. It is used in traditional medicine to improve blood circulation and is a flavoring agent in the culinary world. The oil can be extracted through cold pressing or roasting and can be found in its raw or distilled, bleached forms. Premium products in the wellness sectors often incorporate coriander oil due to its medicinal properties and aromatic qualities. Thus, such trends will shape the growth of the market during the forecast period.
Reduction in coriander seed growing areas is the major challenge that affects the growth of the market. The market is influenced by various factors, including the production of coriander seeds. The availability of coriander seeds is crucial for coriander oil production, with key producing countries like India experiencing a decrease in growing areas. States such as Madhya Pradesh, Assam, Gujarat, Rajasthan, and West Bengal are significant contributors to India's coriander production. In Gujarat, for instance, low seed stocks from the previous season have reduced the availability of coriander seeds for processing, leading to increased prices. This price hike directly impacts the cost of processed coriander seed products, including coriander oil. Coriander oil is renowned for its distinct aromatic and medicinal properties, making it a popular ingredient in various industries. It is used in the production of pesticides, synthetic fertilizers, and as a flavoring agent in food and beverage industries.
In the personal care sector, coriander oil is valued for its antibacterial, antifungal, and anti-inflammatory properties, which contribute to acne prevention, blackhead reduction, and addressing skin problems such as flaking and sunburns. Additionally, it is used to improve blood circulation, alleviate tendonitis, and reduce inflammation and muscle rigidity and fatigue pain. Coriander oil is extracted from coriander seeds through various methods, including distillation, bleaching, and cold pressing. The nutritional value and antioxidant properties of raw and roasted coriander oil make it a sought-after ingredient in premium products within the wellness sectors, natural medicine, and culinary uses. Health-conscious consumers continue to demand high-quality coriander oil for its numerous health benefits. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Augustus Oils Ltd.: The company offers coriander oil which is anti inflammatory and improves circulation.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Coriander Oil, derived from the seeds of the Coriandrum Sativum plant, is renowned for its herbaceous aroma and various health benefits. Extraction techniques for coriander oil include steam distillation and solvent extraction, ensuring higher yields of natural and organic ingredients. Coriander Oil's versatility extends to various industries. In cosmetics, it is used for its calming properties and anti-inflammatory, antimicrobial, and antioxidant properties, making it an essential component in skincare formulations. In the food industry, it serves as a flavoring agent in culinary products, food and beverages, and alcoholic beverages.
Sustainable sourcing and organic farming practices are crucial for producing eco-friendly, therapeutic-grade coriander oil. Its natural remedies for stress relief, medical applications, and spa and relaxation make it a popular choice in the wellness industry. Synthetic alternatives are available but are less preferred due to the potential health risks and environmental impact. Coriander Oil's therapeutic benefits include stress relief, antioxidant properties, and free radical damage protection against skin damage, pollution, and pressure. Its anti-inflammatory properties make it a valuable addition to medical applications and household uses. The food service industry also benefits from its use as a natural ingredient in various dishes and beverages.
Market Scope |
|
Report Coverage |
Details |
Page number |
142 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
Market growth 2024-2028 |
USD 32.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.7 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 35% |
Key countries |
US, France, UK, Japan, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Augustus Oils Ltd., Azelis SA, Berje Inc., doTERRA International LLC, Eden Botanicals, ELIXENS GROUP, Ernesto Ventos SA, Excellentia International, Firmenich SA, Givaudan SA, Grupo Indukern SL, H. Interdonati Inc., iFRAGRANCE India, La Medicca India Pvt. Ltd., Penta Manufacturing Co., PerfumersWorld Ltd., Sydney Essential Oil Co. Pty Ltd., The Lebermuth Co. Inc., and Ultra International BV |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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