Eucalyptol Market Size, Share, Growth, and Industry Growth by Type (Food Grade, and Medicinal Grade), By Application (Flavoring and Fragrance, Medicinal, and Insecticide and Repellent), Regional Forecast To 2031

Updated On: 20 November 2023

Eucalyptol Market REPORT OVERVIEW

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The global eucalyptol market size was USD 382.4 million in 2022 and is projected to touch USD 558.92 million by 2031, exhibiting a CAGR of 4.3% during the forecast period.

Eucalyptol is also known as cineole. It is liquid with an odor of camphor. The chemical occurs in many essential oils. Also, it is used as a flavoring agent and expectorant. The chemical formula is C10 H18 O. It a colorless oily liquid and has camphor like odor. This chemical is spicy in taste.  In addition, it is a natural constituent of aromatic plants and number of essential oil fraction. The molecule belongs to experimental and nutraceutical group.

Increasing demand from healthcare sector is expected to fuel market growth. Growing demand for dental hygiene is boosting product adoption. Increasing need for antibacterial properties in mouthwash for better cleaning and freshness is predicted to accelerate market growth. Rising need to preserve food is estimated to accelerate eucalyptol market growth. The organic compound is also used in cooking as an essential oil. Growing demand from fragrance and perfume industry is estimated to propel market growth during the forecast period.

COVID-19 Impact: Growing Health Concerns to Accelerate Market Growth

COVID-19 pandemic is estimated to witness a positive growth due to high concern about health. During pandemic healthcare sector witnessed high demand. Growing work home culture demand for preserved food. Increasing awareness regarding dental and oral hygiene is estimated to fuel market growth. Further, during pandemic propelled the rise in the demand for personal hygiene is expected to propel product adoption. 

On the contrary, strict lockdown regulations impacted market growth. Shutdown of fragrance industry restricted product demand. Growing uses of mask and stay-at-home reduced the  perfume’s demand which declined product adoption. Lack of labor due to lockdown restrictions reduced market growth.

LATEST TRENDS

"Growth of Healthcare Sector to Favor Market Expansion "

Increasing demand from healthcare sector is expected to expand market growth. The organic compound helps to reduce inflammation and pain which is anticipated to increase market. Growing need to control airway mucus hypersecretion is predicted to increase market growth. Also, it helps to kill leukemia cells in vitro which is projected to drive market growth during the forecast period. This organic compound is also used in cough syrups. Loosen cough due to climate changes can be treated with diluted eucalyptus which is anticipated to fuel market growth. In addition, liniment and ointment treatment require the organic compound for joint pain which is projected to drive product adoption. Increasing need to control blood sugar is estimated boost market growth. Eucalyptus is broadly used for itchiness, dryness, and scanlines. During the changing medications method, doctors or physicians recommend the product which is estimated to fuel market growth.

Eucalyptol Market SEGMENTATION

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• By Type

On the basis of type, the market is classified into food grade, and medicinal grade.

Medicinal grade is the leading segmentation of the market type.

• By Application

Based on application, the market is divided into flavoring and fragrance, medicinal, and insecticide and repellent.

Flavoring and fragrance is the leading market application.

DRIVING FACTORS

"Growth in Fragrance and Food Industry to Propel Market Growth "

Eucalyptol oil is used as a fragrance in perfumes is expected to accelerate market growth. Growing demand for perfumes among population is expected to fuel market growth. It is known for its intoxicating and pungent scent. Such factors are predicted to increase market growth. The molecule is also used in soaps, detergents, and lotions. Further, the organic compound is also used in household cleaning products. The product act as a solvent for removing sticky residue and grease. The organic compound is used as a flavoring at low levels. It acts as an antimicrobial activity in food spoilage microorganism is projected to drive market growth.  The organic compound is used in baking food, confectionery, beverages, and meat products is estimated to accelerate eucalyptol market growth.

"Improve in Breathing and Dental Care to Stimulate Market Growth "

Increasing demand for dental hygiene and care is expected to propel market growth. High consumption of sweet foods can cause tooth decay. Growing need to cure cavities using organic compound. Increasing demand to prevent gum diseases is estimated to fuel product adoption. Further, applying oil helps to prevent veneers, adult braces, and dentures is projected to accelerate market growth. Growing demand for cleaner mouth and fresh breath is estimated to surge eucalyptol market growth during the forecast period. In addition, growing cardiovascular and colon damage among growing population is projected to drive market growth.

RESTRAINING FACTORS

"High Cost of Product to Restrict Market Expansion "

High cost associated with the product is expected to restrict market growth. The organic compound has some side effects such as nausea, vomiting, and diarrhea. Such factors are estimated to hamper market growth. Further, over dosage of the product may be dangerous and is predicted to hamper eucalyptol market growth during the forecast period.

Eucalyptol Market REGIONAL INSIGHTS

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"Increasing Awareness Regarding Oral Health in Asia Pacific to Drive Market Share "

Asia Pacific is estimated to witness considerable eucalyptol market share due to increasing awareness regarding oral health hygiene. Growing need for persevering food is estimated to fuel market growth. Rising adoption of the product in bakery and other food processing are projected to drive market growth. Also, infrastructure development in the healthcare sector in the region is estimated to favor market growth.

Europe is expected to show considerable market growth due to rising demand for food processed items. Growing demand from fragrance and perfume industry is projected to boost market growth. Growing cosmetic industry is estimated to increase product adoption in the region. Increasing number of bakery and growing demand for bakery products is projected to fuel market growth during the forecast period.

KEY INDUSTRY PLAYERS

"Several Strategies Adopted by Market Players to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Busby Oils (South Africa)
• Rajkeerth Aromatics and Biotech Pvt. Ltd. (India)
• Ajmal Biotech Pvt. Ltd (India)
• Sumesh Terpene Industries (India)
• Paras Perfumers (India)
• AOS Products Private Limited (India)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.