The Latin America, Middle East and Africa Eucalyptus Oil Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Eucalyptus oil is extracted from the leaves of eucalyptus trees such as Tasmanian blue gum, blue mallee gums, and narrow-leaved peppermint gum. The primary element of eucalyptus oil is 1,8-cineole, an organic chemical compound having anti-inflammatory properties. Eucalyptus oil can be found in a variety of products, such as pharmaceuticals and cleansers. To prepare a single ounce of oil, a large number of leaves are required.
It's utilized as a food flavoring as well as a scent in detergents, soaps, and perfumes. It's also used in households as a stain and odor eliminator, as well as a wool wash component. Although it is also utilized as a flotation agent in the mining industry. Ayurveda has long embraced eucalyptus oil as an antiseptic to heal respiratory illnesses.
Although Eucalyptus trees are widely planted throughout Africa, an industrial distillation of the eucalyptus oil is limited outside of South Africa (from the leaves of the tree). Since the low prices of the 1990s, prices have steadily climbed as the earlier main providers (especially China) have reduced production and exports. Both conventional and organic oils have a market, and small-scale distillation works well with enterprises for the manufacturing of timber poles.
If extraction is to be done, it is critical to choose the right species to cultivate because the properties and production of oil vary greatly by species, and various uses of eucalyptus oil necessitate specific oil kinds. Hugely popular on the commercial scale for its medical coverage, oil suppliers all over South Africa are zealously producing and promoting Eucalyptus oil.
The Brazil market dominated the LAMEA Eucalyptus Oil Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,965.6 Thousands by 2028. The Argentina market is estimated to grow at a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Eucalyptus Oil Market is Predict to reach $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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