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Market OverviewThe essential oil market is mainly driven by increasing innovative application of agarwood essential oil in personal care and perfume. Increasing consumer preferences for natural and high quality fragrances is supporting the growth of market. The rising popularity of agarwood essential oils in pharmaceutical and aromatherapy for their therapeutic effects, has created a huge demand for high quality agarwood essential oils which is influencing the market growth. Growing demand for natural cosmetic products and pleasant aromatic agents is driving the market growth.
Agarwood which is also called as Aloeswood is the fragrant dark wood which is mainly used to make perfume and incense. Aquilaria species are considered to be high quality Agarwood plants available in the market. Agar resin entrenched wood is important part of many culture for its distinctive fragrances and that’s why it is used for incense and perfumes. Agarwood plantations have been established in a number of countries, and reintroduced into countries such as Malaysia and Sri Lanka as commercial plantation crops especially to produce Agarwood essential oil. Numerous techniques have been developed to improve stimulation of Agarwood production in the trees from last few years. High quality Agarwood is one of the most expensive raw material in the world which makes the Agarwood essential oil one of the expensive essential oil available in the market.
Agarwood pure essential oil is good for massage, skin care, and relaxing purpose. Agarwood essential oil making from cold process remain high medication benefit for direct skin application.
A several researches have been transpired in the field of Agarwood Essential Oil with the aim to investigate the potential anticancer properties of agarwood essential oil obtained from distillation of agarwood (resin) towards MCF-7 breast cancer cells. The agarwood essential oil exhibited anticancer activity which supports the traditional use against the inflammatory-associated diseases. This warrants further investigation towards the development of alternative remedy towards cancer. If this works, there would be no looking back for Agarwood Essential Oil.
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Key Players:
Ji'an Zhongxiang Natural Plants Co., Ltd, Xi'an Natural Field Bio-Technique Co., Ltd., Shaanxi Guanjie Technology Co., Ltd., Amarnath Exports, Dauper SA, Hoang Giang Agarwood Company Limited and Maruti Natural Fragrances are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Agarwood Essential Oil Market.
Competitive Analysis
The key players operating in the Agarwood Essential Oil market compete based upon pricing, Technology and services. Vendors operating in the Agarwood Essential Oil Market strive to deliver the best quality products based on innovative technologies, and best practices. Agarwood Essential Oil market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Some manufacturer practice using steam distillation or solvent extraction because it is an easier way to extract essential oils as the natural herbs and plants may change it medication value and nutrients compound due to heat. Hence Agarwood Essential Oil is extracted by cold press or cold process helps to retain maximum nutrients compound from the natural plants or herbs. Market - Segments:
Global Agarwood Essential Oil Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Raw Material: Comprises - Wood, Resin, Flowers, Bark and other.
Segmentation by Product Type: Comprises - Pure essential oil, Compound essential oil and other.
Segmentation by Application : Comprises - Perfume, Cosmetics, Pharmaceutical and others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Application of Agarwood essential oil in perfume sector is growing at higher rate
Top five importers of Agarwood are Germany, U.S., China, India and Japan
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Regional Analysis
The global Agarwood essential oil market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Asia Pacific region has the major market share followed by Europe. Countries like China, India and Malaysia produce more Agarwood than rest of the other countries which makes Asia Pacific a potential market for the new companies. Developed countries are using Agarwood for different application such as personal care products and aromatherapy which is driving the market growth in Europe and North America. China, India, Malaysia, Germany and Indonesia are the major exporters of Agarwood in the world.
Agarwood plantations have been established in a number of countries, and reintroduced into countries such as Malaysia and Sri Lanka as commercial plantation crops especially to produce agarwood essential oil. Numerous techniques have been developed to improve stimulation of agarwood production in the trees from last few years. High quality agarwood is one of the most expensive raw material in the world which makes the agarwood essential oil one of the expensive essential oil available in the market.
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Release ID: 254690