Global Lavandula Oil (Lavender Oil) Market: Size, Trends, Industry Share and Forecast, 2016 – 2024
Deerfield Beach, FL -- (SBWIRE) -- 07/17/2017 -- Global Lavandula Oil (Lavender Oil) Market: Overview
Lavender oil is obtained from the extraction of the flowers of lavender. Lavender oil extraction is a very tedious work and is distilled in the final stage. Different methods through which the essential oil is obtained includes steam distillation, hydro distillation, and solvent extraction. Among all the essential oils lavender oil is the most versatile and expensive one. This product is popular in the cosmetic sector as it is used for the purpose of fragrance and in food industry lavender oil is used for flavoring purpose. It also finds applications in the pharmaceutical industry where it is used in the therapies.
Global Lavandula Oil (Lavender Oil) Market: Segmentation
The lavender oil market is globally segmented into its application and distribution channel. The global lavender oil market is segregated on the basis of application into food and beverage, cosmetic, and pharmaceutical. Pharmaceutical and cosmetic segment contributes more than half the market share and is anticipated to grow at a significant pace. Based on the distribution channel, the market is categorized into pharmacy and drug stores, health and beauty stores, online retailing, and others.
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Global Lavandula Oil (Lavender Oil) Market: Growth Factors
The increasing demand for the lavender the oil in the current market scenario is due to its flavored eminence and fragrance. The recent trend is that the consumers are inclining towards the products that are produced naturally, should be organic and have health benefits thus have an increasing demand from the growing economies of the world. The lavender oil market is in high demand in the beauty care and body care products. Body creams, soaps, lotions, perfumes and many other cosmetic products have high usage of lavender oil. Lavender oil is also used in the specialty food industry owing to the consumer's preference of purchase food and beverages that are made up of natural ingredients, have natural flavor and taste with good aroma etc. Cosmetic industry acquires the major market share in terms of volume which is followed by the food and beverage industry. In food and beverage industry, lavender oil is primarily used for food flavoring in the dairy products, culinary herb, tea, jelly etc. In the pharmaceutical industry, lavender oil is used for therapies, diabetes, dermatitis, asthma, cold, insect repellant, and for many other purposes.
Global Lavandula Oil (Lavender Oil) Market: Regional Analysis
Region-wise, the lavender oil market is diversified into Latin America, North America, Eastern Europe, Western Europe, Asia-Pacific, and the Middle East and Africa. Western Europe holds the major market share in terms of volume. Bulgaria accounts for being a lucrative market for the lavender oil worldwide in terms of production. This is followed by Asia Pacific region. But in terms of consumption the region that is expected to be the largest consumer of the lavender oil is the North America.
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Global Lavandula Oil (Lavender Oil) Market: Competitive Players
The key market players that are involved in the lavender oil market include NOW Foods, Enio Bonchev, Alpha Aromatics, Sydney Essential Oil Co. Pty Ltd., Young Living Essential Oils, Ovvio Oils, Alteya Group, Mother Herbs Private Limited, and NHR Organic Oils.
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