A11899 | Pages: NA | Jul 2022 | 1081 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Guaiacwood Oil Market
Request Now !Essential oils are basically the oils that are extracted from a plant source and is having aroma compounds from the plant from which it has been extracted. The guaiacwood oil essential oil, which is also known as guatacan, is obtained from the wood of Bulnesia Sarmientoi plant, which is found in the Latin American regions. This essential oil has a very strong woody and sensual fragrance. Because of these properties, it is widely used in soap, perfumes, incense, and candle manufacturing processes. Adding to that, this guaiacwood oil also imparts several health benefits such as reducing stress and anxiety, anti-inflammatory properties, and lymphatic decongestant. Also, this oil is used in aromatherapy process in order to relieve anxiety and tension. However, the high cost associated with this oil and a high doze leading to several health issues like diarrhea, intestinal problems, and others hinder the growth of this market.
Market scope and Structure Analysis
Report Metric | Detail |
Market size available for years | 2020-2030 |
Base year considered | 2020 |
Forecast period | 2021-2030 |
Forecast unit | Value (USD) |
Segments Covered | Type, Application and Region |
Regions Covered | North America, Europe, Asia-Pacific, LAMEA |
Companies Covered | Vigon International Inc, Albert Vieille SAS, Health and Beauty Natural Oils, Plantlife Inc, HYSSES, The Lebermuth Co Inc, Divine Essence, Ernesto Ventos S.A., Ultra International Limited, Venkatramna Industries |
Covid-19 Impact Analysis
Top Impacting Factors
Increasing demand for guaiacwood essential oil in developed and developing countries due to rising use of oil in several applications is a key factor expected to fuel the growth of guaiacwood essential oil in the upcoming years. Also, the rise in per-capita income of individual in developing country along with the expansion of perfume industry across the globe are some of the major factors that anticipate the growth of global market of this essential oil in upcoming years. Also, the focus on personal care in the recent era has led to demand for the essential oil in the cosmetic industries, which also is coupled with healthy and tightening skin benefits. Also, for the getaway from hectic lifestyle across the globe this oil is in great demand as it is used in therapeutic sessions. Because of its economical price point of view and strong fragrance profile, the perfume containing this oil has a very high demand in the market.
Market trends
Key Segments Covered
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Application
Key Players
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Key Benefits of the Report
This study presents the analytical depiction of the guaiacwood oil industry along with the current trends and future estimations to determine the imminent investment pockets.
Questions answered in the Guaiacwood Oil Market Report
Key Market Segments
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