The Asia Pacific Eucalyptus Oil Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Eucalyptus globulus, often known as blue gum, is frequently used in therapeutics due to its respiratory benefits, which include relief from congestion and pressure, as well as fever, colds, flu, and bronchitis. It's also used to relieve muscle discomfort and arthritis in massage and other topical mixtures. Furthermore, due to its antibacterial properties, eucalyptus oil is now used in dietary supplements and pharmaceutical therapies to help persons with high blood pressure and respiratory problems.
Eucalyptus Essential Oil is used in a variety of pharmaceutical and cosmetic products. It is used in the treatment of dandruff and itchy scalp in trichology. Since eucalyptus essential oil is antibacterial and antiseptic, it can be used to treat wounds cuts, burns, sores, abrasions, and scrapes, expanding the pharmaceutical industry's scope.
Due to substantial growth in the food and beverage, pharmaceutical, and personal care sectors in China, India, Japan, and Australia, the Asia Pacific is expected to rise significantly throughout the forecast period. The pharmaceutical industry's rapid rise in India presents a lucrative prospect for eucalyptus oil producers.
The Indian pharmaceutical business supplies more than half of the global demand for immunizations, 40% of pharmaceutical demand in the United States, and 25% of all pharmaceuticals in the United Kingdom. Companies that produce eucalyptus oil in the country can attract consumers in the pharmaceutical industry to boost sales over the forecasted period.
Australia's eucalypt forest covers almost 92 million hectares. As per SADC Trade data, the United States, and Japan along with Western Europe represent for around 70% of global essential oil consumption.
The China market dominated the Asia Pacific Eucalyptus Oil Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17.1 million by 2028. The Japan market is poised to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 7.9% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Therapeutics & Cosmetics, Food & Hypermarkets/ Beverages, Aromatherapy, and Fragrances. Based on Distribution Channel, the market is segmented into Supermarkets, Specialty Stores, Online Channels, 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 Eucalyptus Oil Market is Projected to reach USD 213.4 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include doTERRA International LLC, NHR Organic Oils, Plant Therapy Essential Oils, Biolandes SAS, Emu Ridge Eucalyptus Pty Ltd., Sensient Technologies Corporation, NOW Foods, Inc., Symrise AG, Integria Healthcare (Australia) Pty Ltd., and Young Living Essential Oils LLC.
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