Global Patchouli Oil Market- Description
Patchouli oil is referred to as a type of essential oil that is derived from the leaves and shoots of patchouli plant, an aromatic herb. It is used across various medical and commercial applications. This essential oil is known to have rejuvenating benefits. Patchouli oil is further enriched with the properties to relive stress and treat various skin and appetite related conditions. It also helps in easing the symptoms pertaining to headaches, colds, and digestive disorders. It is further used for aromatherapy due to its stress relieving characteristics.
Global Patchouli Oil Market- Overview
The global patchouli oil market is presently worth USD 72 million. It is set to amplify at a CAGR of 2.8% over 2022-2030, thereby reaching a valuation of USD 89.80 million by end of the assessment timeline.
Growing cognizance regarding the benefits of patchouli oil among individuals along with its widespread usage as a key ingredient in perfumes are primarily augmenting the outlook of this business sphere.
Besides, rising prevalence of respiratory disorders, surging disposable income of the masses, and increasing popularity of aromatherapy across the globe are creating lucrative opportunities for the marketplace to prosper.
Also, increasing R&D investments in the field along with the accelerating occurrences of mental health disorders induced by unhealthy and hectic lifestyle of the masses are adding momentum to the development of this industry vertical.
On the contrary, high cost pertaining to these oils is hindering the remuneration scope of this business sphere.
Global Patchouli Oil Market- Key trends
Wide array to benefits offered by patchouli oil to aid industry expansion
Patchouli oil is used in various applications owing to its wide array of beneficial characteristics. Its anti-inflammatory, antimicrobial, and antidepressant properties is escalating its demand in medical and therapeutic applications. Moreover, its ability to easily blend with other essential oils and produce a long lasting aroma is increasing its adopting in the perfumery sector. These factors altogether are stimulating the dynamics of this business sphere.
Growing pervasiveness of mental health issues is fueling market growth
There has been a steep rise in the occurrence of mental health issues in individuals. This is primarily credited to their unhealthy lifestyle habits and hectic work schedules. Various people are being drawn towards therapies to stabilize their mental health. Patchouli oil, owing to its antidepressant properties is widely used in aromatherapy. This in turn is positively influencing the overall outlook of this industry vertical.
Global Patchouli Oil Market- Segmental assessment
By Product Type
Dark Patchouli Oil
By Nature
Organic
Conventional
By Extraction Process
Steam Distillation
Hydro Distillation
By End Use
Cosmetics and Personal Care
Aromatherapy
Food & Beverages
Pharmaceuticals
Others
The aromatherapy segment is expected to generate significant returns by 2030 owing to the growing prevalence of mental health disorders among the masses. Patchouli oil is naturally enriched with antidepressant along with other healing properties and therefore is predominantly used in aromatherapy.
By Function
Anti-inflammatory
Antidepressant
Flavoring Agent
Mood Harmonizer
Deodorizer
Others
The deodorizer segment is poised to amass notable gains over the stipulated timeframe due to the ability of patchouli oil to quickly blend with other essential oils which in turn creates long lasting aroma.
By Distribution Channel
Direct Sales
Indirect Sales
Global Patchouli Oil Market- Geographical Landscape
Considering the geographical frame of reference, the business sphere is fragmented into North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is reckoned to account for a substantial revenue share over 2022-2030. This is ascribed to the escalating demand for organic perfumes, growing prevalence of mental health disorders, and rising popularity of aromatherapy in the region.
Global Patchouli Oil Market- Competitive Intelligence
The prominent players characterizing the competitive terrain of this marketplace are Berj Inc., Eastern Agencies Aromatics Pvt. Ltd., Givaudan SA, Firmenich S.A., Nusaroma PT, Pt Indesso Aroma, Takasago International Corporation, PT Mitra Ayu Adi Pratama, PT Aroma Essence Prima, and Ultra International B.V., Mountain Rose Herbs, doTERRA International, Nusaroma, Van Aroma, PT Mitra Ayu, Riya Agro Products, and Shaanxi Rebecca Bio-Tech.
Report scope
Global Patchouli Oil Market: Historical Trends- 2018-2021
Global Patchouli Oil Market: Forecast Years- 2022-2030
Global Patchouli Oil Market 2022- USD 72 million
Global Patchouli Oil Market CAGR- 2.8%
Global Patchouli Oil Market 2030- USD 89.80 million
Key segments reported-
By Product Type (Light Patchouli Oil and Dark Patchouli Oil)
By Nature (Organic and Conventional)
By Extraction Process (Steam Distillation and Hydro Distillation)
By End Use (Cosmetics and Personal Care, Aromatherapy, Food & Beverages, Pharmaceuticals, and Others)
By Function (Anti-inflammatory, Antidepressant, Flavoring Agent, Mood Harmonizer, Deodorizer, and Others)
By Distribution Channel (Direct Sales and Indirect Sales)
Major regions and countries covered-
North America (U.S., Canada, and Mexico)
South America (Brazil, Argentina, and Colombia)
Europe (Germany, U.K., France, Italy, Spain, and Russia)
Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Berj Inc., Eastern Agencies Aromatics Pvt. Ltd., Givaudan SA, Firmenich S.A., Nusaroma PT, Pt Indesso Aroma, Takasago International Corporation, PT Mitra Ayu Adi Pratama, PT Aroma Essence Prima, and Ultra International B.V., Mountain Rose Herbs, doTERRA International, Nusaroma, Van Aroma, PT Mitra Ayu, Riya Agro Products, and Shaanxi Rebecca Bio-Tech
