Agarwood essential oil is a natural and extremely rare oil which is obtained from various species of Agarwood. This oil has a woody, warm, and dark fragrance which is essential in making incense. It has wide applications in aroma therapy as it stimulates the physiological functions and releases stress. It is also anti-inflammatory and anti-microbial. Hence, it is used in various medicines and pharmaceutical products. It creates a relaxing effect for muscles and eases body tension. The agarwood essential oil also aids the digestion process and improves appetite. It is extensively used in personal care and cosmetic products as well.
MARKET DYNAMICS
Growing demand for agarwood essential oil from the personal care and pharmaceutical industries and rising popularity of the product owing to its anti-microbial, analgesic, anti-stress, anti-asthmatic, and other properties are the crucial factors driving the market growth. Moreover, agarwood has traditional and religious importance in various countries such as Japan, China, India, and other Asian countries which is expected to boost the product demand over the forecast period. Additionally, growing popularity of aroma therapies and spas is one of the other key factors anticipated to propel the product demand in the forthcoming years.
MARKET SCOPE
The "Global Agarwood Essential Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the agarwood essential oil market with detailed market segmentation by category and application. The global agarwood essential oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading agarwood essential oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global agarwood essential oil market is segmented into category and application. By category, the agarwood essential oil market is bifurcated into organic and conventional. By application, the agarwood essential oil market is bifurcated into personal care, pharmaceuticals & nutraceuticals, aromatherapy, food & beverages, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global agarwood essential oil market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The agarwood essential oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the agarwood essential oil market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the agarwood essential oil market in these regions.
MARKET PLAYERS
The report covers vital developments in the agarwood essential oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the agarwood essential oil market are anticipated to witness lucrative growth opportunities in the future with the rising demand for agarwood essential oil in the global market. Below mentioned is the list of few companies engaged in the agarwood essential oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the agarwood essential oil market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Hoang Giang Agarwood Ltd.
- Grandawood
- Biolandes
- Essential Oil Wizardry
- Biofinest USA
- Nusaroma
- Dauper SA
- HYSSES Pte Ltd.
- Living Libations
- Agarwood Oil Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.