Covid-19 Impact on Rosemary Essential Oil Market – Increasing Trend of Outsourcing to Open New Avenues till 2025
Rosemary oil is extracted from Rosmarinus officinalis (also known as Rosmarinus coronarium) of the Labiatae family and is also known as incense. Rosemary oil has a bright, powerful refreshing herbal smell, is clear in color and watery in viscosity. Rosemary oil is extracted from the fresh flowering tops by steam distillation. It yields 1.0 – 2.0 %. The main chemical components of rosemary oil are a-pinene, borneol, b-pinene, camphor, boranyl acetate, camphene, 1,8-cineole, and limonene. The therapeutic properties of rosemary oil are analgesic, antidepressant, astringent, carminative, cephalic, cholagogues, cordial, digestive, diuretic, emmenagogue, hepatic, hypertensive, nervine, rubefacient, stimulant, sudorific and tonic.
Rosemary Essential oil Market: Segmentation:
Rosemary essential oil can be segmented on the basis of source, application, and distributional channel.
By source, Rosemary essential oil can be segmented into organic and conventional. The organic rosemary essential oil segment is anticipated to dominate over the regular over the years. Organic products are considered to be healthier and pure, thus increasing acceptance for organic labelled products among the consumers is expected to support the segment growth over the forecast period.
By application, the rosemary essential oil market can be segmented into the pharmaceutical industry, cosmetic industry, and fragrance industry. In the world of pharmaceutical industry, it is mainly used for indigestion, stomach cramps. Its ability to relieve pain has resulted in extensive use in treating headaches, muscle pains, rheumatism and even arthritis. Rosemary has a mesmerizing aroma, which makes rosemary essential oil an excellent inhalant. The rosemary essential oil is used in manufacturing of room fresheners, cosmetics, beauty aids, food, bath oil, candles, and perfumes because of its unique and intoxicating aroma. In the world of cosmetics, rosemary essential oil is widely used for hair care in shampoos and lotions. Regular use of rosemary oil helps to stimulate follicles, making hair grow longer and stronger.
The rosemary essential oil market can be segmented by distribution channels which includes direct sales and indirect sales. When it comes to indirect distribution, the market is sub-segmented into the convenience store, food store, health store and e-commerce.
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Rosemary Essential oil Market: Region-wise Outlook:
Currently, scarcity on the European market provides excellent opportunities for new suppliers of rosemary oil. An estimated 70% of global production for rosemary essential oil comes from regions like Tunisia and Morocco. Moreover, North Africa is another country where you find cultivation of Rosemary Essential oil on a large scale. Therefore the Middle East and African regions have the firm hold of share in rosemary essential oil market. The European market for essential oils is continuing to grow at a healthy rate. Over the next five years. Owing to this, rosemary essential oil product have an opportunity in this booming market. In fragrance industry, globally the Middle East and Asia Pacific represent the fastest growing market. Taking this factor into account, rosemary essential oil has its strong presence in these regions as well.
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Rosemary Essential oil Market: Demand Drivers:
Growing benefits form rosemary essential oil such as hair loss is a common problem worldwide, with some countries seeing a higher rate than others. Rosemary essential oil possesses the characteristics of stimulating follicles, making hair grow longer and stronger. Rising importance of aromatherapy drives demands for organic and natural perfumes and Fragrances around the world, especially in Middle East countries.
Rosemary Essential oil Market: Key Players:
The global player for rosemary essential oil market includes Lebermuth Co., Biolandes S.A., Albert Vielle SAS, Lluch Essence, John D. Walsh Company, Pheonix Aromas & Essential Oils.
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