The Europe Eucalyptus Oil Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Two of the most prominent properties of Eucalyptus essential oil are its antiseptic and antifungal properties. The ability of eucalyptus essential oil to repel mosquitos is extensively observed. The highest level of cineole, which is 80-95 percentage points higher than any other plant or herb, is linked to the extraction of eucalyptus essential oil, which has a significant synergistic effect. The eucalyptus oil industry has grown as a result of these applications.
The essential oil's mechanism of action has yet to be discovered by scientists. However, until further knowledge is accessible, the scientific community advises diabetics to take eucalyptus oil to monitor their blood sugar closely. Eucalyptus has anti-inflammatory qualities that can help with herpes symptoms. When applied to a cold sore, eucalyptus oil can help to relieve pain and speed up the healing process.
The eucalyptus oil market in Europe, dominated by the United Kingdom, Italy, and Germany owing to the existence of numerous small and large-scale cosmetic producers in this region. According to a paper titled Socio-Economic Contribution of the European Cosmetics Industry 2019, Europe's cosmetics business was worth more than USD 75 billion in 2018, making it the world's largest cosmetics market. As a result, the rapid growth of the cosmetics industry in Europe offers a massive core audience for eucalyptus oil producers. This boosts the demand for eucalyptus oil in Europe.
Aromatherapy has gained in popularity in Europe in recent years, resulting in a major increase in demand for strong sense of purpose of vegetable oils and hydrolats, primarily for use as natural components. In countries such as France and Germany, in which it is utilized as a medicinal treatment in conjunction with phytotherapy. There is a revived enthusiasm for aromatherapy and other natural medicines as a consequence of the healthy lifestyle trend in Europe.
The Germany market dominated the Europe Eucalyptus Oil Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13.7 million by 2028. The UK market is anticipated to grow at a CAGR of 5.4% during (2022 - 2028). Additionally, The France market would display a CAGR of 7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Eucalyptus Oil Market Size will Hit $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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