Global Helichrysum Oil Market to generate USD 71.30 BN By 2024
Posted On October 29, 2018
Value Market Research offers the market forecast of Global Helichrysum Oil Market for the duration of 2018-2024. In terms of revenue, the market was valued USD 50 BN in 2017 and is anticipated to reach USD 71.30 BN by 2024 with a CAGR of 5.2% between 2018 and 2024. This study comprises of market dynamics and trends along with the factors expected to influence the present market environment and the future status of the helichrysum oil industry.
Owing to its excellent medicinal properties, its demand across the cosmetic and pharmaceutical industry is on rise. Also, shifting preferences of the consumer towards herbal ingredients is fueling this industries expansion. Further, rising awareness regarding skin among the population seems to boost the market demand over the forecast period. However, the high cost associated with the product is likely to limit the market growth.
The report- "Global Helichrysum Oil Market Report By Product (Pure Helichrysum Oil And Compound Helichrysum Oil), Application (Massage, Cosmetics And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2017-2024"- offer insights on the latest development in the market which is significantly influencing the demand for the product. The report’s exhaustive 360 degree coverage of the market is an enriching possession.
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Helichrysum oil is an essential oil and has application across various industries. This oil is also known by other names such as “immortelle" and "everlasting”. It is a very expensive essential oil since it has a long shelf life and can be stored for a long time. This oil has a distinct and intense scent, rich in fruit-like odor with honey undertones which enables their application across cosmetics since it helps to keep skin soft, smooth, and moisturized. This essential oil is also used for medicinal purpose owing to its antimicrobial, anti-inflammatory, antioxidant and anti-allergenic properties. In many regions, it is used to heal the wounds and treating fever, chest complaints, sores, and coughs as it possess many significant health benefits. Adding to this, it also promotes cell health by stimulating the recycling of dead cells and motivating the production of new ones.
Segmentation analysis covers product, application, and region. The product includes pure helichrysum oil and compound helichrysum oil. Compound helichrysum oil is leading the segment owing to rising demand of the product across the cosmetic industry. Application area includes massage, cosmetics, and others. Out of which, cosmetic is dominating the segment since it is used across cosmetic products to impart smoothness and glow to the skin owing to its excellent antibiotic and antioxidant properties which has raised its demand in the production of skin care products.
Regional analysis has been done over top-five region namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among this region, Europe is ruling the global helichrysum oil since it is being highly marketed as an anti-aging miracle oil especially in France. Further, it is broadly used across the therapeutical application is again fueling market growth in the region.
The Report Segments Global Helichrysum Oil Market -
- Pure Helichrysum Oil
- Compound Helichrysum Oil
- North America
- Latin America
- Middle East & Africa
Key Players Of The Market
Mountain Rose Herbs, Rocky Mountain Oils, Allin Exporters and others are the major players of the helicrysum oil market.
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