Abies Alba, also known as silver fir, refers to a large coniferous tree found across the montane areas of Central Europe and some parts of Southern and Eastern Europe. Abies Alba, being the tallest tree species, has a great significance in terms of ecological and functional balancing of European forest. It is adaptable to a wide range of soil types with varied nutrient content and alkalinity conditions, and helps in maintaining the high biodiversity in forested ecosystem. Abies Alba leaf contains an essential oil that is widely used in cosmetics and fragrance industry. The oil has a very high medicinal value and is largely used in the treatment rheumatism, joint pain, sinusitis, muscular cramps, cough, cold, acne, scabies, wrinkles, and insect bites.
Market Dynamics of Abies Alba (Fir) Leaf Oil:
The market of Abies Alba (Fir) Leaf Oil is expected to be driven by its high medicinal value. It provides various health benefits such as detoxification of body, improved respiratory conditions, fasten the metabolism, eliminates the bad body odor, stimulates immune system and prevents infections.The essential oil extracted from silver fir possess wide range of therapeutic properties such as analgesic, antiseptic, astringent, balsamic, decongestant, deodorant, diuretic, expectorant, immuno-stimulant, rubefacient, stimulant, tonic, vasoconstrictor and vulnerary. These properties make the leaf oil a significant medicinal source. The demand of abies alba leaf oil is supported by aging population growth, recovered GDP, increased disposable income, and most importantly, growing emphasis of preventive health care practices among consumers to lead healthy life.
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Market Segmentation of Abies Alba (Fir) Leaf Oil:
The segmentation of Abies Alba (Fir) Leaf Oil market is based upon application, and geography. On the basis of application, Abies Alba (Fir) Leaf Oilmarket is segmented into food & beverages, health care, and personal care. The increasing health consciousness of consumers has escalated the demand of abies alba leaf oil in the health care segment. The personal care segment is expected to grow at a rapid pace in the abies alba leaf oil market owing to the rising demand of aromatic flavors as well as fragrances in personal care products such as perfumes. In addition to it, the increased demand of spa and relaxation applications owing to the change in life-style is expected to fuel the growth of the market in upcoming years.
Regional Outlook of Abies Alba (Fir) Leaf Oil:
On the basis of geography, Abies Alba (Fir) Leaf Oil market is segmented into seven different regions namely North America, Latin America, Eastern Europe, Western Europe, and Asia-Pacific region, Japan and Middle East and Africa. The production of Abies Alba leaf oil is highest in the European countries such as France, Germany, and Bulgaria owing to the availability of large forested areas. Europe was followed by North America to emerge as the second major region in the abies alba leaf oil market. Factors such as highly developed industries, increasing per capita income, subsidies and tax benefits from the government encourage the production and consumption of abies alba leaf oil in the North America region.Asia Pacific region is expected to be the fastest growing market owing to the increased awareness about health benefits of the products derived from natural sources.
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Key Market Players in Abies Alba (Fir) Leaf Oil:
The key focus of players in the Abies Alba (Fir) Leaf Oil market lies upon the integration across the value chain to attain cost-benefit ratio in the longer run. Some of the key players in the Abies Alba (Fir) Leaf Oil market include doTerra International, Bontoux S.A.S, Sydney Essential Oils Co., Eden Botanicals, Young Living Essential Oils, Reincke und Fichtner GmbH, and Essential Oils of New Zealand, among others.