Eucalyptus oil is extracted from the eucalyptus leaves which is native to Australia and is cultivated worldwide. The leaves of selected species of eucalyptus are steam distilled for extracting eucalyptus oil. Major eucalyptus oil producing countries includes Portugal, Spain, South Africa, Australia, Brazil, and Chile. Commercial cineole-based eucalyptus oil species are as follows Eucalyptus dives, E.dumosa, E.kochii, and others. These cineole-based eucalyptus oil is a colorless liquid which is has woody-sweet scent and is mostly used in cosmetics and perfume industries. Eucalyptus oil stimulates immunity, improves respiratory circulation and provides antioxidant protection. Eucalyptus oil helps in lowering blood pressure. Eucalyptus oil is also used as antiseptic, as an expectorant to loosen coughs, and in vaporizer fluids.
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Global Eucalyptus Oil: Market Segmentation
The global eucalyptus oil market is segmented on the basis of type, distribution channel, end user, application and region. The eucalyptus oil market is segmented on the basis of type such as Eucalyptus globulus, Eucalyptus kochii and Eucalyptus polybractea. Eucalyptus globulus is dominating the market whereas Eucalyptus kochii and Eucalyptus polybractea contains cineole content ranging from 85-90% which is higher as compared to other oils and is widely used in various applications globally. The cineole-based eucalyptus oil is primarily used in pharmaceutical formulation products such as lozenges, cough sweets, inhalants and ointments. The eucalyptus oil market is segmented on the basis of distribution channel such as supermarket/hypermarket, online stores and retail stores. The global eucalyptus oil market can also be segmented as an ingredient in dietary supplements, capsules, and others. The global eucalyptus oil market is segmented on the basis of end user such as industries, food services and consumers. The global eucalyptus oil market is segmented on the basis of application such as pharmaceuticals, cosmetics, food products, fragrance, and industrial uses. Hence, the global eucalyptus oil market is expected to significantly increase the revenue contribution over the forecast period.
Global Eucalyptus Oil Market: Regional Outlook
Geographically, the global eucalyptus oil industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Globally, among all regions, Asia Pacific has developed as the dominant region in global eucalyptus oil market followed by Latin America. Growing demand for eucalyptus oil products as a result of increasing usage of eucalyptus oil in various industries, has strengthened the growth of global eucalyptus oil market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
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Global Eucalyptus Oil Market: Growth Drivers
The global eucalyptus oil market major driving factors are increasing demand of eucalyptus oil in cosmetics industry for skincare products coupled with rising number of eucalyptus oil based dietary supplements and capsules are expected to significantly increase the revenue contribution of the global eucalyptus oil market over the forecast period. Many consumers are using eucalyptus oil in various pharmaceutical products. Eucalyptus oil is mainly used in medicinal supplements as it contains various properties such as antiseptic, helps in lowering blood pressure and improves respiratory circulation. Eucalyptus oil is widely used in fragrance industry as a component to impart aroma in products such as lotions and perfumes, soaps, and detergents. Hence, the global eucalyptus oil market is expected to observe robust growth over the forecast period.
Global Eucalyptus Oil Market: Key Players
Some of the key players identified across the value chain of the global eucalyptus oil market includes Aromex Industry, Efamol, Edens Garden, The Australian Eucalyptus Oil Company, Now Foods, Reho Natural Ingredients, Felton Grimwade & Bosisto's, Bhagat Aromatics Limited, Busby Oils Natal (Pty) LTD. Swastik Eucalyptus Oil Co and others. The companies are expected to expand their business by enhancing their product portfolio in global eucalyptus oil market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global eucalyptus oil market till 2025.
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