(Food-Beverage-News.Com, January 30, 2019 ) Like several other essential oils, laurel oil is used as a key ingredient in numerous skin care, hair care and pharmaceutical products and also use as an extract in many end-use applications. Laurel oil extracts are gaining momentum across the globe due to various extraction methods, which is successfully able to find their share in the market, which is creating an opportunity for manufacturers of these products to gain huge traction in the Global Laurel Oil Market. Overall sales of laurel oil products are expected to amplify even in low economies owing to its benefits in treating severe health issues, skin care and hair care problems. The global market for laurel oil is comprising of several small and key players with their production and business footprint at a regional and global level.
Global Laurel Oil Market is projected to Witness Average Single-digit CAGR during Forecast Period
The global laurel oil market is expected to witness an average single digit CAGR over the forecast period from 2018 to 2028 owing to increasing its demand globally, according to the company’s recent research analysis. The market for laurel oil is expected to find its significant market share in many end-use applications by the end of 2028 due to increasing demand for beneficial health products. Among regions, the global laurel oil market is expected to be dominated by APEJ region followed by North America and Europe owing to the increasing consumption of laurel oil in the healthcare industry and meat products. APEJ region is estimated to drive the global laurel oil market over the forecast period in terms volume and value sales growth. The market is also expected to find lucrative opportunities in Latin American and the Middle East & African countries owing to the increasing business footprint of key manufacturers in these regions.
Increasing healthcare infrastructure in emerging economies is boosting the growth of the market
The global market for laurel oil is witnessing growth in the developed, as well as emerging economies, due to several growth factors, which is expected to directly or indirectly impact the growth of the market and overall value chain process globally. Some of the driving factors include increasing healthcare infrastructure in emerging, as well as low economies, rising number of health conscious and personal care population,increasing consumption of organic laurel oil products, continuous consolidation among manufacturers and suppliers and growing globalization.
Thus, laurel oil processing companies engaged in the manufacturing and marketing of laurel oil products are anticipated to witness amplified sales across the globe.
However, its adverse effect on the environment may hamper the growth of the laurel oil market across the globe over the forecast period.
Proliferation in Demand for Organic Laurel Oil Globally
The laurel oil market can be segmented on source, nature, extraction method, packaging type and end-use applications. On the basis of source, laurel oil market can be categorized into berries, leaf and stem. On the basis of nature, the global market for laurel oil can be classified into organic, and conventional. On the basis of extraction method, the laurel oil market can be segmented into steam distillation, microwave extraction, solvent distillation and supercritical fluid extraction. On the basis of packaging type, the global market for laurel oil can be classified into bottle, pouch, tetra packaging and bulk packaging. On the basis of end-use application, the laurel oil market can be segmented into skin care, hair care, pharmaceuticals, cosmetics and meat products. Geographically, the global market for laurel oil can be segmented into seven regions, namely North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and Middle East & Africa.
New entrants are expected to create high competitiveness in the laurel oil market
Laurel oil manufacturers are primarily concentrating on attracting end users from emerging economies, as well as low economies, to increase their sales footprint in these countries. Some of the key market participants in the global laurel oil market are Anatoli Spices; Henry Lamotte OILS GmbH; Mountain Rose Herbs; Berje, Inc.; and other prominent players in laurel oil market.
The research report presents a comprehensive assessment of the laurel oil market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to laurel oil market segments such as geographies, source, nature, extraction method, packaging type, and end use application.
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