In its latest report on Lavender Oil Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Lavender Oil Market Size
Global Lavender Oil Market is valued at USD 34.2 Million in 2020 and expected to reach USD 49.4 Million by 2027 with the CAGR of 5.4% over the forecast period.
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Scope on Lavender Oil Market
Lavender oil is one of the most widely used and adaptable aromatherapy essential oils. It is extracted from the flower spikes of lavender species through distillation process such as steam distillation, hydro-distillation, and solvent extraction. The oil is distilled from the plant Lavandula angustifolia and it has been used for centuries as a perfume, in aromatherapy, and on the skin. It is used in massage therapy to induce relaxation by contacting the skin directly and it is used to treat anxiety, fungal infections, allergies, depression, insomnia, eczema, nausea, and menstrual cramps. Lavender is a versatile essential oil in essential oil practices. Anti-inflammatory, antifungal, antidepressant, antiseptic, antibacterial and antimicrobial qualities are claimed, as well as antispasmodic, analgesic, detoxifying, hypertensive, and sedative characteristics. It possesses anticancer properties. The oil of lavender is used to treat hypertension. It aids in the reduction of blood pressure. It is used to treat skin conditions such as acne, wrinkles, and psoriasis. Lavender oil is frequently used in the food and beverage industry, fragrance industry, personal care sector as well as in the pharmaceutical industry, where it is used in therapies.
During the COVID-19 pandemic, the careful steps taken by governments of different nations have led to the temporary delay of manufacturing and distribution of lavender oil. During COVID-19 outbreak, massive decline in the production network; financial exchange unpredictability; falling business certainty, developing panic among the populace, and vulnerability about future hampered the global lavender oil market. However, lavender oil has a various health benefits such as antifungal, antibacterial and antimicrobial properties. And it relieves the feeling of stress, aids in restful sleep. For individuals looking for a natural way to cope with the worry and uncertainty that has become so prevalent as a result of the worldwide pandemic lavender oil is popular owing to its benefits.
Global Lavender Oil Market Segmentation:
Global lavender oil market is segmented into product type, application and regional & country analysis. On the basis of product type, the lavender oil market is segmented into absolutes, concentrates and blends. On the basis of application, market is segmented into therapeutics, personal care, aromatherapy, food and beverages, cosmetics and others.
By Product Type:
- Personal Care
- Food and Beverages
The regions covered in this global lavender oil market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of global lavender oil is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Lavender Oil Companies
Major players in the global lavender oil market are
- Alteya Organics
- China Flavors and Fragrances Company Limited
- doTERRRA International LLC
- International Flavours & Fragrances Inc.
- NHR Organic Oils
- Sydney Essential Oil Co.
- Takasago International Corporation
- Young Living essential oils LC
Lavender Oil News
Lily & Lush Announced Launch of Affordable and All-Natural Lifestyle and Personal Care Brand
August 29th, 2017; Lily & Lush is a California-based family-run business founded by wellness visionary and natural health advocate Lily Ellis. It is starting with a few key products, with just 7 essential oils including Tea Tree, Lavender, Peppermint, Frankincense, Rosehip, Lemon and Eucalyptus. Lily & Lush essential oils are all guaranteed to be 100% pure with absolutely no additives, chemicals or fillers, which is something not many smaller essential oil brands can claim.
Its Growing Demand for Personal Care Products, Rising Awareness about Aromatherapy & Health Benefits of Lavender Oil and Increasing Growth of Cosmetic Sector are the Major Factors Driving the Market Growth
The key factor motivating the enlargement of worldwide of lavender oil market is increasing awareness regarding aromatherapy & health benefits of lavender oil. According to the National Institutes of Health National Center for Complementary and Integrative Health, Americans spend more than $30.2 billion annually on aromatherapy. It is estimated the global market will grow in spending to $5 trillion by 2050. In addition, increasing cosmetic sector drives the lavender oil market. According to the Journal of Resources 2019, the research conducted to know green consumer behavior in cosmetics market and the research result shows that 70% of the participants want to buy natural cosmetics. 56% of them want to buy brands that are new to the cosmetics market. 70% of the participants are willing to pay extra for a natural cosmetic made of natural ingredients. In addition, increasing growth of cosmetic industry is also supplementing the market growth. Furthermore, growing adoption of spa is also one of the major factor driving the growth for lavender oil market. According to the International Spa Association, in 2018, the spa industry followed the same pattern as the preceding decade: growth and more growth and according to the 2019 U.S. Spa Industry Study, the industry showed an increase in key performance measures for the ninth year in a row. Spa revenues totaled $18.3 billion, up 4.7 % from $17.5 billion last year.
However, in some people, lavender essential oil might produce skin irritation or an allergic reaction which may hamper the lavender oil market growth. In spite of that, lavender oil has various medicinal uses and it gives many health benefits. This can offer more opportunities for the further growth of the global lavender oil market.
Europe is Expecting to Witness a Significant Growth in the Global Lavender Oil Market
Europe region is expected to show a significant growth in the global lavender oil market due to increasing growth of cosmetic and personal care industry and also growing production of lavender oil in this region. The majority of Europe’s 500 million customers utilize cosmetic and personal care goods on a daily basis to safeguard their health, improve their well-being, and increase their self-esteem. According to the United States Department of Agriculture, Organic Market Annual Report, Bulgaria is a major producer of aromatic and medicinal plants, herbs, and spices in the European Union (both conventional and organic). The organic area for these crops grew by 22% in 2018. Organic lavender had the highest market share in this category, with 7,021 HA compared to 4,346 HA in 2017. Lavender production has increased dramatically in recent years as a result of strong international demand for lavender oil. And the area planted in 2019 increased to 18,000 hectares (hectares), with 7,200 hectares of organic land. Asia Pacific is expected to show a lucrative growth in the global lavender oil market due to the growing demand for beauty and personal care products in this region.
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By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy,Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Key Benefits of Global Lavender Oil Market Report–
- Global Lavender Oil Market report covers in depth historical and forecast analysis.
- Global Lavender Oil Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Lavender Oil Market report helps to identify opportunities in market place.
- Global Lavender Oil Market report covers extensive analysis of emerging trends and competitive landscape.
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Lavender Oil Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Lavender Oil Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Lavender Oil Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Lavender Oil Market Overview: Quantitative Analysis
4. Chapter – Global Lavender Oil Market Analysis: Segmentation By Type
5. Chapter – Global Lavender Oil Market Analysis: Segmentation By Application
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