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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 coriander oil industry 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.
In the dynamic market of natural ingredients, coriander oil holds a significant position, particularly in the food and beverage industry. This aromatic compound, derived from the seeds of the coriander plant, is approved for use in food products by regulatory bodies such as the US Food and Drug Administration (FDA), the Council of Europe, the Flavor and Extract Manufacturers Association (FEMA), and the European Food Safety Authority (EFSA). The versatile oil is used as a seasoning in various food preparations, including sausages and other meat products. Beyond flavoring, it functions effectively as a food preservative, extending the shelf life of food items without compromising their nutritional value.
The supply chain of coriander oil involves careful sourcing of high-quality coriander seeds, often from fair trade practices. The extraction process, typically through cold-pressed or solvent methods, preserves the oil's beneficial properties, including its anti-inflammatory and antioxidant properties. Wholesale distributors play a crucial role in ensuring the availability of this essential oil to various industries, from food and beverage to cosmetics. Coriander oil's benefits extend beyond food applications. In the cosmetics industry, it is used for its skincare benefits and as an ingredient in herbal remedies. As a dietary supplement, it is known for its therapeutic use. In the realm of aromatherapy, coriander oil is valued for its calming and relaxing properties.
The retail market for coriander oil is diverse, with online marketplaces and direct sales channels catering to various consumer segments. Organic certification is increasingly important in this market, as consumers seek natural and sustainable products. The production process of coriander oil is intricate, requiring careful attention to quality control and adherence to industry standards. Flavor enhancers are another application for coriander oil, which is widely used in the food industry to improve the taste and aroma of various dishes. Spice blends often include coriander oil, adding depth and complexity to the flavors. In the hair care sector, coriander oil is valued for its nourishing and conditioning properties.
In summary, the market for coriander oil is driven by its diverse applications in various industries and its natural health benefits. The supply chain involves careful sourcing and extraction processes to preserve the oil's properties. The retail market is diverse and evolving, with a growing emphasis on organic and sustainable products. Coriander oil continues to be a valuable ingredient in the food, cosmetics, and wellness industries.
The Food and beverage segment was valued at USD 33.30 million in 2018 and showed a gradual increase during the forecast period.
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.
The market in Europe is experiencing growth due to the rising demand for exotic food products and the increasing popularity of Asian cuisine. In 2021, there was a notable increase in the import of coriander seeds into countries such as the UK, Germany, Poland, and Austria, which will enhance the supply of raw materials for coriander oil production. The food industries in Germany, the UK, France, and Spain are significant players in the European market, and the demand for essential oils, including coriander oil, is on the rise in these countries. Coriander oil is extracted through various methods, such as cold-pressed or solvent extraction.
The oil is an aromatic compound used as a flavoring agent in various industries. In the food and beverage industry, it is used as a flavor enhancer in spice blends and as a culinary ingredient. In the cosmetics industry, coriander oil is used for its skincare benefits due to its anti-inflammatory and antioxidant properties. It is also used in herbal remedies and as a dietary supplement for therapeutic purposes. Wholesale distributors play a crucial role in the supply chain of coriander oil. They ensure the quality control of the oil through organic certification and fair trade practices. Retail channels, including online marketplaces, also contribute to the distribution of coriander oil to end-users.
The production process of coriander oil involves careful extraction to preserve the oil's natural properties and maintain its high-quality standards. Coriander oil is a versatile ingredient used in various applications, from food additives to therapeutic uses. Its natural properties make it a preferred choice for consumers seeking natural and organic products. The market for coriander oil is expected to continue growing as consumers become more health-conscious and seek natural alternatives for various applications.
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.
The coriander oil 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 coriander oil market 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, coriander oil market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Augustus Oils Ltd. - The company specializes in providing high-quality coriander oil, known for its anti-inflammatory properties and ability to enhance circulation. This essential oil is a valuable addition to any wellness routine, offering numerous health benefits. The natural compounds in coriander oil help reduce inflammation, making it an excellent choice for individuals seeking relief from inflammatory conditions. Furthermore, improved circulation facilitated by coriander oil can lead to better delivery of nutrients and oxygen to various parts of the body, promoting overall health and vitality. By incorporating this essential oil into your daily regimen, you can support your body's natural functions and maintain optimal well-being.
The industry research and growth report 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 industry 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.
The Coriandrum sativum plant, from which coriander oil is extracted, has gained significant attention in the health and wellness market due to its stress relief properties and antimicrobial activity. This volatile oil is increasingly sought after by health food stores and specialty retailers catering to consumers embracing an organic lifestyle and holistic health practices. The market for coriander oil is subject to fluctuations due to the complexities of steam distillation and supercritical CO2 extraction processes. Sustainability standards are a crucial consideration in the market, with e-commerce platforms prioritizing ingredient integrity and quality assurance. The oil's use extends beyond stress relief, as it is employed in Ayurvedic medicine, traditional Chinese medicine, and functional foods for digestive health and skin regeneration.
Ethical sourcing and food safety are essential aspects of the industry, ensuring the production of high-quality coriander oil. The market is driven by consumer demand for natural remedies and natural beauty products, with an emphasis on anti-inflammatory diets and sustainable living. The oil's antimicrobial properties and hair growth stimulation benefits further fuel its popularity. In the health & wellness sector, coriander oil is used for relaxation therapy and functional foods, making it a versatile ingredient in various applications.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Coriander Oil Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
142 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
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Market growth 2024-2028 |
USD 32.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.7 |
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Key countries |
US, France, UK, Japan, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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