Dublin, September 18, 2023 (GLOBE NEWSWIRE) — The report “Cedar Oil Market Share, Size, Trends, Industry Analysis Report, By Technique, By End Use, By Industry, By Region, segment forecast, 2023-2032” has been added to ResearchAndMarkets.com offer.
The global cedar oil market is poised for remarkable expansion, with a projected market size of $639.78 million by 2032, according to a comprehensive report. This study provides valuable insights into current market dynamics while offering in-depth analysis of future growth prospects.
Growing consumer awareness about the benefits of herbal products coupled with an increasing number of manufacturers incorporating organic cedarwood oil into their personal care products is driving the market forward. Natural oils, known for their antibacterial properties that fight skin infections such as acne and dermatological problems, are seeing increasing demand. Major market players are investing heavily in research and development to create organic products to meet the growing demand for natural ingredients.
One notable example is Green Goo’s recent launch of a plant-based facial and body care collection in September 2022. This collection includes a hydrating facial and body cleanser, a hydrating facial serum, and body and a repairing serum for the face and body, all formulated with pure essential oils. cedar wood and lavender.
The integration of digital technologies and data-driven solutions is rapidly transforming supply chain management. Technologies such as blockchain, Internet of Things and data analytics enable stakeholders to monitor the entire supply chain, from cultivation to distribution, ensuring transparency, traceability and ‘quality assurance. This trend is gaining significant ground in the market.
Additionally, consumers around the world are increasingly concerned about the environmental and social impact of their purchases. This has led to a growing demand for sustainable cedar oil with organic, fair trade or sustainable sourcing certifications. Suppliers who demonstrate responsible sourcing practices and offer certified cedarwood oil gain a competitive advantage in the marketplace.
Highlights of Cedarwood Oil Market Report
- The steam distillation segment dominated the market in 2022 due to its high purity, aroma, and large-scale oil production capacity.
- The cosmetics and skincare segment accounted for the highest revenue share in 2022, driven by the increasing use of cedarwood oil in various cosmetic products like shampoos and deodorants.
- The pharmaceuticals segment is expected to witness the highest growth during the forecast period, owing to its extensive use in aromatherapy and the emerging trend of adoption of natural ingredients.
- North America has emerged as the dominant region in the global market in 2022, driven by growing consumer awareness about the benefits of cedarwood oil.
Key market players
The global cedar oil market includes key players such as Grayden Cedar Works, Finetch Industry, Foreverest Resources, SSS Biotic.com, Venus Enterprise, Essential oil.in, Mother Herbs & Agro Products, Texarome, Cedarwood Oil Company and Young Living Essential Oils. .
The publisher has segmented the Cedarwood Oil Market report on the basis of technique, end-use, industry and region:
Cedarwood Oil, Technical Outlook (Revenue – Million USD, 2023-2032)
- Steam distillation
- Distillation of carbon dioxide
- Cold press
Cedarwood Oil, End Use Outlook (Revenue – Million USD, 2023 – 2032)
- Cosmetics and skin care
Cedarwood Oil, Industry Outlook (Revenue – Million USD, 2023-2032)
- Spa & Relaxation
Cedarwood Oil, Regional Outlook (Revenue – Million USD, 2023-2032)
- North America
- UNITED KINGDOM
- The Netherlands
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Number of pages: 112
- Forecast period: 2023 – 2032
- Estimated market value (USD) in 2023: $364.83 million
- Projected market value (USD) by 2032: $639.78 million
- Compound annual growth rate: 6.4%
- Regions Covered: Global
- Grayden Cedar Works
- Henan Allgreen Chemical Co. Ltd.
- Finetch Industry Limited
- Shanghai Eykits
- ORCHID Chemicals Ltd.
- Foreverest Resources Ltd.
- SSS Biotic.com
- Venus Enterprise Limited
- Wuhan Shenqu Biological Chemical Co. Ltd.
- Essential oil.in
- Mother herbs and agricultural products
- Cedar Oil Company
- Young Living Essential Oils LLC.
For more information about this report, visit https://www.researchandmarkets.com/r/12g0fl
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