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The patchouli oil market share is expected to increase to USD 9687.67 thousand from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.38%.
This patchouli 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 patchouli oil market segmentations by end-user (cosmetics, pharmaceuticals, food and beverage, and others) and geography (APAC, South America, North America, Europe, and Middle East and Africa). The patchouli oil market report also offers information on several market vendors, including AG Industries, Berje Inc., Eastern Agencies Aromatics Pvt. Ltd., Firmenich SA, Geo Fresh Organic, Givaudan SA, Indesso, India Aroma Oils and Co., Kamicka Organic Products Pvt. Ltd., Merck KGaA, Mother Herbs P Ltd., NOW Health Group Inc., Nusaroma, PT Mitra Ayu Adi Pratama, PT. Van Aroma, Takasago International Corp., The Australian Eucalyptus Oil Co., TREATT Plc, and Ultra International BV among others.
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The growing demand for clean-label and organic products is notably driving the patchouli oil market growth, although factors such as stringent regulations 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 patchouli oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Patchouli Oil Market Driver
The growing demand for clean-label and organic products is one of the key drivers supporting the patchouli oil market growth. Consumers like to acquire products they can rely on because of which producers of food, drinks, and consumer goods are moving toward using more organic and natural ingredients in their products. For instance, patchouli oil offers an all-natural substitute for synthetic food additives and preservatives as efficient antibacterial agents. On the other hand, manufacturers could experiment with the typical price of goods that contain patchouli oil. Moreover, demand for clean-label products will also increase sales of natural and organic skincare products. Thus, the growing demand, in turn, increases the demand for patchouli oil, which, in turn, will fuel the growth of the market in focus during the forecast period.
Key Patchouli Oil Market Trend
Increasing demand for eco-perfumes is one of the key patchouli oil market trends contributing to the market growth. Typically, eco-perfumes are becoming increasingly popular and essential factors taken into account are the quality of raw materials and their correct preparation. Patchouli oil is used as a fixative in perfumes, which is increasingly being used by manufacturers to replace synthetic fragrances. Due to its capacity to inhibit the evaporation of other volatile oils, patchouli oil is widely used in the perfumery industry. Also, patchouli oil sales on the international market are being boosted by the rising demand for eco-perfumes without any animal notes. Moreover, manufacturers of patchouli oil are making more effort to grow their own organic patchouli plants and further educate farmers, which will contribute to the growth of the market in focus during the forecast period.
Key Patchouli Oil Market Challenge
Stringent regulations is one of the factors hindering the patchouli oil market growth. There are various stringent regulations imposed by government agencies regarding the sales, marketing, and labeling of essential oils, including patchouli oils. These regulations pertain to permits, the entry of new players, residual management issues, and product expiry dates. For instance, in Europe, most essential oils are considered hazardous chemical substances. Regulations on essential oil depend on the final product in which the essential oil is used. For instance, if the final product is marketed as a medicinal product, the essential oil must comply with pharmaceutical requirements. Annex II and Annex III of Cosmetics Regulation No. 1223/2009 regulate essential oils in cosmetic products in Europe. Such stringent regulations will hinder the market growth during the forecast period.
This patchouli 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.
Technavio categorizes the global patchouli oil market as a part of the global personal products 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 patchouli oil market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the patchouli oil market encompasses successful business strategies deployed by the key vendors. The patchouli oil market is fragmented and the vendors are deploying growth strategies such as price and quality to compete in the market.
To make the most of the opportunities and recover from 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 patchouli 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.
Our report provides extensive information on the value chain analysis for the patchouli 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.
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89% of the market's growth will originate from APAC during the forecast period. Indonesia, China, and India are the key markets for the patchouli oil market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Increasing awareness among consumers about the side effects of harmful substances used in cosmetics products, like synthetic chemicals will facilitate the patchouli oil market growth in APAC 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
The COVID-19 pandemic had a negative impact on the patchouli oil in APAC in 2020. However, in 2021, due to the availability of COVID-19 vaccines and vaccination drives carried out by governments of different countries in APAC, activities in offline retail channels that supplied patchouli oil gradually returned to normal. Thus, the rise in the production of patchouli used to produce patchouli oil will drive market growth during the forecast period.
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The patchouli oil market share growth by the cosmetics segment will be significant during the forecast period. Manufacturers of cosmetics are focusing more on organic essential oils. This expansion of product lines also helps vendors in differentiating their offerings. Organic essential oils are free from harmful ingredients, such as sulfates and formaldehyde. Such factors contribute to the growth of the cosmetics segment, which, in turn, will drive the growth of the global patchouli oil market during the forecast
This report provides an accurate prediction of the contribution of all the segments to the growth of the patchouli oil market size and actionable market insights on post COVID-19 impact on each segment.
Patchouli Oil Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.38% |
Market growth 2022-2026 |
$ 9687.67 th |
Market structure |
Fragmented |
YoY growth (%) |
2.07 |
Regional analysis |
APAC, South America, North America, Europe, and Middle East and Africa |
Performing market contribution |
APAC at 89% |
Key consumer countries |
US, Indonesia, China, India, and Brazil |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AG Industries, Berje Inc., Eastern Agencies Aromatics Pvt. Ltd., Firmenich SA, Geo Fresh Organic, Givaudan SA, Indesso, India Aroma Oils and Co., Kamicka Organic Products Pvt. Ltd., Merck KGaA, Mother Herbs P Ltd., NOW Health Group Inc., Nusaroma, PT Mitra Ayu Adi Pratama, PT. Van Aroma, Takasago International Corp., The Australian Eucalyptus Oil Co., TREATT Plc, 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, Market condition analysis for 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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