Global Eucalyptus Oil Market Insights Forecasts to 2033

• The Global Eucalyptus Oil Market Size was Valued at USD 0.3 Billion in 2023.
• The Market Size is Growing at a CAGR of 5.24% from 2023 to 2033.
• The Worldwide Eucalyptus Oil Market Size is expected to Reach USD 0.5 Billion by 2033.
• Asia-Pacific is expected to Grow the fastest during the forecast period.

 

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The Global Eucalyptus Oil Market Size is expected to reach USD 0.5 Billion by 2033, at a CAGR of 5.24% during the forecast period 2023 to 2033.

 

Eucalyptus oil is a coveted essential oil extracted from the leaves of an eucalyptus tree. It is mainly produced from Eucalyptus globulus species containing about 70-90% of eucalyptol (also called cineole). Eucalyptus was traditionally used for treating body pains, sinus congestion, fever, and colds. It is extensively used in aromatherapy, inhalers, and chest rubs to treat associated respiratory conditions. It is an immune stimulator thus developing a new class of immune-regulatory agents, useful for treating immune-suppressive pathologies, especially in infectious diseases as well as in cancer patients. It is extensively used in pharmaceutical and personal care products as an antimicrobial ingredient. The pleasant and mint-like refreshing smell of eucalyptus oil makes it a useful ingredient in the fragrance industry for the production of perfumes, soaps, and candles. There is a rising demand for eucalyptus oil as a flavoring agent in personal care and food & beverage products due to shifting consumer preference towards innovative natural ingredient products. Eucalyptus oil is found in many OTC medicines to relieve nasal congestion, cold symptoms, asthma, and other respiratory disorders. Eucalyptus oil is generally considered safe for topical use especially to relieve pain. The increasing trend of using organic-based natural cleaning products prioritizing eco-friendly alternatives with an additional anti-microbial value of eucalyptus oil makes it a popular ingredient to include in cleaning products. It contains antioxidants and flavonoids that function as protective agents from oxidative stress on the skin. Such various uses of eucalyptus oil make the eucalyptus oil market flourish in the forecasted period.                     

 

Report Coverage

This research report categorizes the market for global eucalyptus oil market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global eucalyptus oil market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the global eucalyptus oil market.

 

Driving Factors

The nutritional and medicinal value of eucalyptus oil makes it an ideal ingredient to indulge in food products such as baked goods, confectionery, meat products, and beverages. Due to its vast therapeutic properties like immunity boosting, low-grade anti-inflammation, respiratory decongestion, pain-relieving, and anti-microbial effect, it has high market demand in the pharmaceutical and healthcare industry. The increasing adoption of the usage of eucalyptus oil in skincare and personal care products enhances its market demand in the cosmetic sector. Additionally, the anti-microbial properties of eucalyptus escalate the demand for eucalyptus oil, increasing the global eucalyptus oil market.   

 

Restraining Factors

The huge quantity of eucalyptus leaves is required to produce a single ounce of eucalyptus oil, thus increasing the cost of production and further requiring tremendous capital investment in equipment, likely to impede the market growth of eucalyptus oil. The availability of eucalyptus oil substitutes like peppermint, frankincense, and oregano with similar beneficiary effects, restraining the global eucalyptus oil market.

 

Market Segmentation

The global Eucalyptus oil as a service market share is classified into nature, application, and distribution channels.

By Nature Insights

The conventional segment dominates the market with the largest revenue share over the forecast period.

On the basis of nature, the eucalyptus oil market is segmented into organic and conventional. Among these, the conventional segment is dominating the market with the largest revenue share over the forecast period. Conventional eucalyptus oil is more affordable and accessible than organic type. The use of organic insecticides and fertilizers has led to the rise of the conventional segment of the market.

 

By Application Insights

The therapeutics and cosmetics segment is witnessing significant CAGR growth over the forecast period.

On the basis of application, the global eucalyptus oil market is segmented into food & beverages, therapeutics & cosmetics, aromatherapy, and fragrances. Among these, the therapeutics and cosmetics segment is witnessing significant growth over the forecast period. Eucalyptus oil keeps skin hydrated, alleviates irritation, and prevents UVB-induced collagen breakdown, thus used in many cosmetic products. The increasing awareness regarding the health benefits of eucalyptus oil expected to drive the eucalyptus oil market in therapeutic segment.    

 

By Distribution Channel Insights

The hypermarkets and supermarkets segment is witnessing significant CAGR growth over the forecast period.

On the basis of distribution channels, the global eucalyptus oil market is segmented into hypermarkets and supermarkets, specialty stores, online channels, and others. Among these, the hypermarkets & supermarkets segment is witnessing significant growth over the forecast period. The availability and accessibility of a range of products under one roof make it more convenient for purchasing products.   These advantages propel the market in the hypermarket & supermarket segment.

 

Regional Insights

North America dominates the market with the largest market share over the forecast period.

 

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North America is dominating the market with the largest market share over the forecast period. Due to growing interest and awareness about organic health and wellness products in the region. Increasing efforts by manufacturing companies of cosmetics and personal care products to indulge natural ingredients are estimated to propel the market in the region.      

 

Asia-Pacific is expected to grow the fastest during the forecast period. The increasing urbanization and rising disposable income surged in demand for eucalyptus oil containing food products and cosmetic products, significantly influencing the eucalyptus oil market outlook in the Asia-Pacific region.  

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global eucalyptus oil market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Market Players

• KOEI Kogyo
• Hallstar
• R. I. T. A.
• Jeeen International
• Yunnan Emerals Essence
• YuNan Lorraine Aromatic
• Xiamen Bestdo technology development
• PSC Aromatic
• Busby Oils Natal
• Zhuhai Pak Li Heung Flavors and Fragrances
• Khadi Natural Healthcare
• NHR Organic Oils
• Plant Therapy Essential Oils
• Biolandes S.A.
• Augustus Oils Ltd.
• Others

 

Recent Developments

• In May 2023, Murphy’s Naturals, a veteran-owned and family-operated outdoor lifestyle company released insect repellent kits exclusively at Costco. The kit contains three Murphy’s Naturals Lemon Eucalyptus Oil Insect Repellent sprays.
• In June 2019, Robertert launched technology to encapsulate powdered essential oil for supplements. The encapsulation technology uses the prebiotic inulin as a carrier, transporting essential oils into powders for improved absorption.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global Eucalyptus oil market based on the below-mentioned segments:

 

Eucalyptus Oil Market, Nature Analysis

• Organic
• Conventional

 

Eucalyptus Oil Market, Application Analysis

• Food & beverages
• Therapeutics & Cosmetics
• Aromatherapy
• Fragrances

 

Eucalyptus Oil Market, Distribution Channel Analysis

• Hypermarkets and Supermarkets
• Specialty stores
• Online channels
• Others

 

Eucalyptus Oil Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa