Global Anise Star Oil Market Value to cross USD 4.1 BN By 2026
Posted On November 24, 2020
A market research report anticipates the Global Anise Star Oil Market to reach USD 2.8 BN in 2019. It is estimated to grow and reach USD 4.1 BN mark by 2026. The report publisher, Value Market Research expects a CAGR of 5.5% during 2020 to 2026. Anise star oil, an essential oil with a sweet and powerful scent, is gaining traction due to its therapeutic properties. The increased awareness about the medicinal properties of essential oils among the global population is the primary motivating factor for this market’s growth. The heightened application of essential oils in cosmetics, personal care products like body lotions or scrubs, and toiletries will benefit this market. The growing demand for anise star oil as a flavoring agent in the food and beverage industry will further propel market growth. The rising use of anise oil in the pharmaceutical industry due to its anti-epileptic, anti-rheumatic, anti-hysteric, antiseptic, and aperient characteristics will be a market booster. The main restraining factor for this market is, being a mild narcotic, excessive use of this oil can slow down the circulatory system.
Anise star oil is an essential oil with an aroma reminiscent of black licorice. The most common use of this oil is in diffusers and inhaler blends to ease bronchitis, colds, and flu symptoms. This oil is being extensively used in aromatherapy to promote peaceful sleep, relieve digestion and intestinal issues. Anise oil can be highly beneficial for women to treat menopausal symptoms and relieve menstrual discomfort. It has been studied to improve lactation in breastfeeding mothers. Anise oil is used in the treatment of lice, scabies, and psoriasis. Many cosmetics, perfumes, soaps, and sachets contain this essential oil as a vital ingredient due to its medicinal properties.
The first chapter of the report "Global Anise Star Oil Market Report By Type (Therapeutic Grade And Others), By Application (Medical, Spa & Relaxation And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future. By type the market is divided into Therapeutic Grade, Others. By application the market is segregated as Medical, Spa & Relaxation, Others. The report identifies region which is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Anise Star Oil Market -
- Spa & Relaxation
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Albert Vieille, Berje, Elixens, Ernesto Ventos, Fleurchem, H.Interdonati, Indukern Internacional, Penta Manufacturing Company, PerfumersWorld, Robertet Group, Treatt Plc., Ultra international and Ungerer & Company.
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