The Asia Pacific Cedarwood Oil Market would witness Market growth of 7.5% CAGR during the forecast period (2022-2028).
Because of the various medicinal and therapeutic characteristics found in cedarwood oil, it is rapidly gaining popularity among manufacturers and consumers in the food & beverage, pharmaceuticals, personal care, and spa & relaxation industries. Insect repellents, antibacterial products, fragrances, colognes, shampoos, and beauty soaps all contain cedarwood oil in some form. Moreover, cedarwood oil is increasingly being used in aromatherapy to induce peace and mental relaxation. The cedarwood oil Market is predicted to increase in tandem with the rise of cedarwood oil applications.
The anti-depressant and anti-anxiety effects of cedarwood oil contribute to its popularity in the spa & relaxation business. Furthermore, demand for other therapies like body massage, spa therapy, and aroma therapy is increasing due to the fast-rising health and wellness tourism industry, which would. increase the demand for cedarwood oil. Additionally, the medicinal and therapeutic properties of cedarwood oil are likely to drive demand for the oil in the pharmaceutical industry, adding to thecedarwood oil Market 's growth.
The Chinese essential oil sector has experienced a remarkable expansion in the latest years, fueled by rising domestic demand. But, as the sector has grown rapidly, the development of many locations has been unequal. Moreover, most firms' internet presence has gradually shown to be useful as they reach out to a larger consumer base.
On the other side, the audience’s consumption concentration is high, and consumption habits are mature; as a result, the audience's total consumption characteristics are identical to those of globally developed regions. International essential oil brands have a substantial presence in first-tier cities, and their powerful brand reputation gives them a significant competitive edge.
The essential oil Market in the region is developing due to growth in the food & beverage, healthcare, and aromatherapy industries in India and China, as well as an increased inclination towards aromatherapy. The fast-moving consumer goods (FMCG) Market in India is predicted to reach multiple billion by 2021, as per the India Brand Equity Foundation (IBEF), a trust created by the Department of Commerce, Ministry of Commerce and Industry.
The China Market dominated the Asia Pacific Cedarwood Oil Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $36.7 million by 2028. The Japan Market is experiencing a CAGR of 6.9% during (2022 - 2028). Additionally, The India Market would showcase a CAGR of 8.2% during (2022 - 2028).
Based on Technique, the Market is segmented into Steam Distillation, Carbon Dioxide Distillation, and Cold Press. Based on Industry, the Market is segmented into Spa & Relaxation, Pharmaceuticals, and Others. Based on End Use, the Market is segmented into Aroma Therapy, Cosmetics & Skincare, Toiletries, and Others. Based on countries, the Market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cedarwood Oil Market is Projected to reach USD 481.3 Million by 2028, at a CAGR of 6.8%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Merck Group (Sigma-Aldrich), Firmenich S.A., Young Living Essential Oils LC, Sva Organics, Venus Enterprises Limited, Foreverest Resources Ltd., Finetech Industry Limited, Rocky Mountain Oils, LLC, Mother Herbs (P) Ltd., and Orchid Chemical Supplies Ltd
By Technique
By Industry
By End Use
By Country
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