Coriander Oil Market by Application and Geography - Forecast and Analysis 2022-2026

The coriander oil market share is expected to increase by USD 33.05 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.68%.

This coriander oil market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers coriander oil market segmentation by application (food and beverage, medical, and others) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The coriander oil market report also offers information on several market vendors, including 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 among others.

What will the Coriander Oil Market Size be During the Forecast Period?

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Coriander Oil Market: Key Drivers, Trends, and Challenges

The health benefits associated with coriander oil is notably driving the coriander oil market growth, although factors such as reduction in coriander seed growing areas may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coriander oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Coriander Oil Market Driver

One of the key factors driving growth in the coriander oil market is the health benefits associated with coriander oil. Coriander oil has a wide range of beneficial properties. For instance, it improves the appearance of the skin, soothes the stomach, and provides relief from pain. Coriander oil contains a high level of antioxidants, which prevent free radical damage and slow down the process of skin damage from environmental pollution, age, and stress. Coriander oil also features antibacterial and antifungal properties, which help improve skin texture by preventing acne and blackheads and treat skin problems such as sunburns, flaking skin, and chapped lips. These health benefits will increase the adoption of coriander oil among the end-users and thereby drive the global coriander oil market during the forecast period.

Key Coriander Oil Market Trend

The use of coriander oil to increase the shelf life of food products is a coriander oil market trend that is expected to have a positive impact in the coming years. Foodborne illnesses represent a major economic burden globally and also pose a health threat to the public. Foodborne illnesses and bacterial outbreaks are major causes of death in countries such as the US and Canada. Therefore, there is a requirement for reducing bacterial growth in food products. In order to control bacterial growth, prolonged shelf life must be achieved for food products. This has increased the demand for active packaging that ensures increased shelf life of food products without affecting the nutrient quality and without allowing bacterial growth in food products. Essential oils such as coriander oil possess antimicrobial activities and can be directly incorporated into the packaging material of food products. Owing to these factors, the global coriander market will witness accelerated growth momentum.

Key Coriander Oil Market Challenge

The reduction in coriander seed growing areas will be a major challenge for the coriander oil market during the forecast period. Coriander oil production is heavily dependent on the availability of coriander seeds in coriander seed processing facilities. Reduction in coriander seed growing areas in key coriander seed producing countries such as India will limit the availability of coriander seeds in processing facilities during the forecast period and thereby adversely affect coriander seed oil production. Madhya Pradesh, Assam, Gujarat, Rajasthan, and West Bengal are some of the leading coriander-producing states in India. In Gujarat, low stocks from previous seasons reduced the availability of coriander seeds for processing. Limited availability increased the price of coriander seeds. Therefore, the reduction in the coriander seed growing area will impact the production level and the sales of coriander oil and will hinder the growth of the global coriander oil market.

This coriander oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global coriander oil market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coriander oil market during the forecast period.

Who are the Major Coriander Oil Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• 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.
• Ultra International BV

 

This statistical study of the coriander oil market encompasses successful business strategies deployed by the key vendors. The coriander oil market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Augustus-oils.ltd.uk - The company offers coriander oil which is anti-inflammatory and improves circulation.

• Augustus-oils.ltd.uk - The products segment offers products such as absolutes and concretes; aroma and flavor chemicals; aromatherapy oils; Augaflor fragrance specialties; Augaherb botanical extracts; Augasorbs, fixed oils and butter; floral waters; oleoresins; resinoids; and terpenes, terpeneless folded oils.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coriander oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coriander Oil Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the coriander oil market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Coriander Oil Market?

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35% of the market’s growth will originate from Europe during the forecast period. UK and Germany are the key markets for coriander oil in Europe. Market growth in this region will be faster than the growth of the market in the North American regions.

The increasing demand for exotic food products in the region will facilitate the coriander oil market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had a negative impact on the regional coriander oil market. The governments of countries such as Italy, the UK, and France imposed nationwide lockdowns to curb the spread of the disease. Vendors in the market faced supply chain disruptions due to shortages of raw materials such as linalool and coriander seeds. However, in the first half of 2021, with a gradual decline in the number of COVID-19 cases and with the lifting of nationwide lockdowns, factories and manufacturing units resumed their operations, and buying behavior of consumers also underwent a transition due to the growing popularity of e-commerce.

What are the Revenue-generating Application Segments in the Coriander Oil Market?

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The coriander oil market share growth in the food and beverages segment will be significant during the forecast period. Coriander oil is gaining popularity in the industry owing to its antimicrobial activity against bacteria. It also minimizes the impact of foodborne illness. Hence, coriander oil allows food manufacturers and food service establishments to increase the shelf life of food products and minimize food wastage. Changing preferences of consumers can boost the growth of the food and beverage segment during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the coriander oil market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Coriander Oil Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.68%
Market growth 2022-2026	$ 33.05 million
Market structure	Fragmented
YoY growth (%)	8.2
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 35%
Key consumer countries	US, Japan, China, France, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Coriander Oil Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive coriander oil market growth during the next five years
• Precise estimation of the coriander oil market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the coriander oil industry across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of coriander oil market vendors

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