Saudi Arabia Essential Oil Market Analysis and Size
Data Bridge Market Research analyses that the Saudi Arabia essential oil market is expected to reach the value of USD 27.96 million by 2029, at a CAGR of 7.1% during the forecast period. “
The Market Dynamics of the Saudi Arabia Essential Oil Market Include:
Drivers
Increase in awareness related to the health benefits of essential oils
Essential oils are light-to-medium-colored, clear liquids that are pourable at low temperatures. Nowadays, consumers are more conscious regarding their health; thus, they demand healthier products that give more nutritional value. Essential oils are also rich in vitamins, especially vitamin E (tocopherol and tocotrienol), and are rich in mineral content. The content of potassium, phosphorus, and copper is also found in these oils. Thus, consumers demand and prefer pharmaceuticals and supplementary diets made from essential oils due to the uncountable health benefits of essential oils. Due to this, manufacturers are also trying to launch new essential oil products to fulfill the demands of the consumers. This factor is expected to drive the growth of the Saudi Arabia essential oil market.
Rise in demand for essential oils from the food supplementary industry
Essential oil is widely used in the food supplementary industry as it is a great energy value. A significant proportion of the oil amaranth accounts for the importance of the body's polyunsaturated fatty acids. They are involved in synthesizing components of cell membranes, providing resistance to damaging effects, accelerating cholesterol metabolism in the liver, and normalizing the state of the walls of blood vessels. The phospholipids in essential oils regulate fat metabolism and form the structure of the nervous tissue, liver cells, and brain. In addition, the protective properties of cell membranes are formed, normal growth and reproduction of cells are ensured, and cholesterol is removed from the body. Thus, essential oils are used in food supplements in the form of capsules, tablets, pills, and liquids. The essential oil in capsules or any other form is called a dietary or food supplement.
Opportunities
Shift towards aromatherapy
Aromatherapy is increasingly considered a popular therapy, with more spas opening in various areas, increasing consumer awareness of well-being, higher demand for natural products, and its benefits in psychological and physiological health. The use of essential oils in aromatherapy for personal care and therapeutic purposes offers tremendous growth potential. This type of alternative therapy utilizes various combinations of essential oils to get relief from various ailments like depression, indigestion, headache, insomnia, muscular pain, respiratory problems, and others. For example, Thyme essential oil is widely used in aromatherapy to help reduce fatigue, nervousness, and stress. The availability of a wide range of aroma oils is expected to boost the Saudi Arabia essential oil market. Due to this shift in the aromatherapy trend, demand for organic and certified 100% pure and natural essential oil is also increased. Thus, increasing awareness about aromatherapy and its possible health benefits influences customers. There has been a consistent demand for essential oil in the personal care and cosmetic sectors; thus, the demand for essential oil enables manufacturers to launch new products to expand further, which may promote market growth in the forecast period.
Restraints/Challenges
Lack of availability of raw materials
The lack of availability of raw materials can be caused due to climatic conditions. In unfavorable climatic conditions, it is difficult for farmers to cultivate and grow plants such as herbs, spices, mint, citrus fruits, and others, thus less available raw materials.
The fluctuating production of these plants has resulted in the volatile supply of these plants in the form of seeds, roots, leaves, and others. The volatile supply of raw materials also drives the prices of the end product, these essential oils. The limited raw material availability is expected to hamper the market's overall value chain, a key restraining factor of the Saudi Arabia essential oil market.
REPORT METRICDETAILSForecast Period2022 to 2029Base Year2021Historic Years2020 (Customizable to 2019 - 2014)Quantitative UnitsRevenue in USD MillionSegments CoveredType (Citrus Oils, Herb Oils, Aromatic Oils, Mint Oils, Spice Oils, Spice Seed Oils and Others), Parts Used For Extraction (Flowers, Leaves, Fruit, Cloves, Seed, and Bark), Extraction Method (Cold Pressed, Solvent Extraction, Supercritical Extraction, Enzymatic Extraction And Others), Nature (Organic And Conventional), Category (Natural And Synthetic), Product Category (Singles And Blends), Application (Food & Beverages, Dietary Supplements, Sports Nutrition, Personal Care, Cosmetic, Aromatherapy, Home Care, Animal Feed, And Others)Country CoveredSaudi ArabiaMarket Players CoveredRopaPharm Delacon Biotechnik GMBH, doTERRA, Kelvin Natural Mint Pvt. Ltd., Young Living Essential Oils, AURA CACIA, Kshrey, Inc, Silverline Chemicals, Vigon International, LLC., Bulk Apothecary, Lemon Oil Manufacturers, and KM Chemicals,among others.
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Saudi Arabia Essential Oil Market Scope
Saudi Arabia essential oil market is segmented into seven segments based on type, parts used for extraction, extraction method, nature, category, product category, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
Citrus Oils
Herb Oils
Aromatic Oils
Mint Oils
Spice Oils
Spice Seed Oils
Others
On the basis of type, the Saudi Arabia essential oil market is segmented into citrus oils, herb oils, aromatic oils, mint oils, spice oils, spice seed oils, and others.
Parts used for extraction
Flowers
Leaves
Fruit
Cloves
Seed
Bark
On the basis of parts used for extraction, the Saudi Arabia essential oil market is segmented into flowers, leaves, fruit, cloves, seed, and bark.
Extraction Method
Cold Pressed
Solvent Extraction
Supercritical Extraction
Enzymatic Extraction
Others
On the basis of extraction method, the Saudi Arabia essential oil market is segmented into cold pressed, solvent extraction, supercritical extraction, enzymatic extraction, and others.
Nature
Organic
Conventional
On the basis of nature, the Saudi Arabia essential oil market is segmented into organic and conventional.
Category
Natural
Synthetic
On the basis of category, the Saudi Arabia essential oil market is segmented into natural and synthetic.
Product Category
Singles
Blends
On the basis of product category, the Saudi Arabia essential oil market is segmented into singles and blends.
Application
Food & Beverages
Aromatherapy
Personal Care
Cosmetic
Home Care
Dietary Supplements
Sports Nutrition
Animal Feed
Others
On the basis of application, the Saudi Arabia essential oil market is segmented into food & beverages, aromatherapy, personal care, cosmetic, home care, dietary supplements, sports nutrition, animal feed, and others.
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Major TOC of the Report
Introduction
Market Segmentation
Executive Summary
Premium Insights
Saudi Arabia Essential Oil Market: Regulations
Market Overview
Saudi Arabia Essential Oil Market, By Type
Saudi Arabia Essential Oil Market, By Source
Saudi Arabia Essential Oil Market, By Therapy
Saudi Arabia Essential Oil Market, By Transporting Capacity
Saudi Arabia Essential Oil Market, By Route of administration
Saudi Arabia Essential Oil Market, By Region
Saudi Arabia Essential Oil Market: Company Landscape
SWOT Analyses
Company Profile
Get TOC of the Report:-
https://www.databridgemarketresearch.com/toc/?dbmr=saudi-arabia-essentia...
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