The latest report by IMARC Group, titled “Eucalyptus Essential Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global eucalyptus essential oil market is anticipated to exhibit a CAGR of 8.2% during the forecast period (2022-2027). Eucalyptus essential oil is extracted from the oval-shaped leaves of the Eucalyptus tree native to Australia. Characterized by a sweet, wood-like scent, it is obtained by drying, crushing, and distilling the tree leaves. It possesses a unique blend of natural compounds and therapeutic benefits and exhibits anti-inflammatory and antimicrobial properties. It is widely used as a medicine to treat a variety of common diseases, such as nasal congestion, asthma, cold symptoms, and other respiratory disorders. It is also employed as a tick repellant and applied to the skin as a remedy for various conditions, including arthritis and skin ulcers. As a result, eucalyptus essential oil is gaining immense traction among health-conscious consumers across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Eucalyptus Essential Oil Market Trends:
The increasing applications of eucalyptus essential oil across numerous industries represent the primary factor driving the market growth. For instance, it is extensively used in the pharmaceutical sector as an antiseptic, decongestant, and expectorant. Besides this, the rising usage of eucalyptus essential oil for healing cuts, abrasions, wounds, burns, scrapes, and sores has augmented the product demand. Moreover, the growing popularity of eucalyptus essential oil as an alternative to artificial flavors and ingredients in the food and beverage industry has accelerated product adoption rates. In addition, there has been widespread product adoption as a flavor and fragrance in hair and personal care products, such as cleansers, bath salts, toothpaste, mouthwash, shower gels, and beauty oils. Along with this, the surging utilization of eucalyptus essential oil as a household disinfectant and spot and stain remover has catalyzed market growth. Furthermore, the increasing adoption of eucalyptus essential oil with a diffuser for obtaining aromatherapy benefits, such as promoting relaxation, improving sleep patterns, and relieving stress, depression, and anxiety, has propelled the market growth. Other factors, including the rising preferences for organic and natural products, easy product availability via offline and online distribution channels, surging consumer health consciousness, and inflating purchasing power, are also providing a positive impact on the market growth.
- Based on the product, the market has been bifurcated into organic and conventional.
- On the basis of the application, the market has been classified into pharmaceutical, cosmetic, and other industries.
- Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Synergy Essentials LLC (Ananda Apothecary), AOS Products Pvt. Ltd., Augustus Oils Ltd., Biolandes SAS, doTERRA International, Emu Ridge Eucalyptus Pty Ltd, Integria Healthcare Limited, NHR Organic Oils, NOW Health Group Inc., and Young Living Essential Oils (Australasia) PTY LTD.
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