Eucalyptus Oil Market, Size, Share, Growth, and Industry Analysis By Content (0.6, 0.7, 0.8 and Others), By Application (Medicine, Daily Chemicals, Spice, and Others), Regional Insights, and Forecast To 2031

Eucalyptus Oil Market Report Overview

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The global eucalyptus oil market size was USD 382.4 million in 2022 and is projected to touch USD 563.48 million by 2031, exhibiting a CAGR of 4.4% during the forecast period.

Many types of eucalyptus trees, which are native to Australia, Tasmania, and other adjacent islands, produce eucalyptus oil in their glands. They are eliminated using the eucalyptus plant, a diverse genus of blooming trees and shrubs, which is steam-distilled. The Eucalyptus Globulus, a widely cultivated evergreen tree in Australia, is one of the primary sources of eucalyptus essential oil. Numerous qualities of eucalyptus essential oil include antibacterial and anti-fungal activities. The ability of eucalyptus essential oil to repel insects is well documented. Due to its high quantity of cineole (80–95%), which is higher than that of any other plant or herb, the elimination of eucalyptus essential oil has a potent synergistic impact.

COVID-19 Impact: Supply and Demand Chain were Disrupted Due to Restrictions Imposed

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Many sectors and businesses experienced slow growth as a result of the COVID-19 epidemic. As COVID-19 cases surged sharply, many nations enacted limitations to contain the new virus. Due to the pandemic, the eucalyptus oil market was also impacted. The lockdown limitations did not apply to the pharmaceutical or food and beverage industries, but the cosmetic and personal care sector was temporarily shut down. This aspect significantly harmed the eucalyptus oil market growth prospects. Additionally, the pandemic-related border restrictions had an impact on logistics and supply chain.

LATEST TRENDS

"Application of the Product in Therapeutics and Cosmetics to Advance the Market Share"

The market for eucalyptus oil worldwide was dominated by the therapeutics & cosmetics category. The business growth should be aided by increasing attempts by cosmetics companies to replace chemical ingredients with natural goods and growing customer knowledge of the health benefits of using natural cosmetics. Numerous types of natural substances, including tannins, flavonoids, and cineole or eucalyptol, are present in eucalyptus oil. In order to keep the skin hydrated, to minimise inflammation, and to stop UVB-induced collagen breakdown, eucalyptus oil aids in the formation of ceramide. Thus, it is utilised as a natural component in cleansers, shower gels, beauty oils, and bath salts, among other cosmetic and personal care items.

Eucalyptus Oil Market Segmentation

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• By Content

Based on content; the eucalyptus oil market is divided into 0.6, 0.7, 0.8 and others.

0.7 is the leading part of the content segment.

• By Application

Based on the application; the eucalyptus oil market is divided into medicine, daily chemicals, spice and others.

Medicine is the leading part of the application segment.

DRIVING FACTORS

"Wide Utilization in Pharmaceutical Therapies to Uplift the Market Demand"

The antioxidants 1,8-cineole and pinene, as well as strong radical scavenging activity, are present in eucalyptus oil. According to the National Center for Biotechnology Information (NCBI), a mouse model of painful edoema in the feet showed that 1,8-cineole, which makes up 70–90% (w/w) of the oil, repressed the generation of edoema and decreased inflammation and pain. Because it reduces the synthesis of T-lymphocyte cytokines, 1,8-cineole has this effect. Electromyography revealed that the administration had a myorelaxant effect and improved emotional stability in healthy individuals.

In animal models, the oil has been found to lessen inflammation, edoema, and discomfort. It can effectively lessen inflammatory and painful reactions when inhaled. It also exhibits effects on blood pressure and heart rate.

"Rising Demand for Oil in Food Items to Drive the Market Growth"

Some baked goods, confections, beverages, and culinary products all employ eucalyptus oil as a flavouring agent. Additionally, it is utilised in organic and gluten-free food products. Consuming organic food is becoming more and more popular all around the world. Additionally, the acceptance of gluten-free goods is increasing. These factors are accelerating the market for growth. The growing popularity of organic food among consumers may present the organic market with promising growth prospects. The inclusion in pharmaceuticals and nutritional supplements may be a key factor in fortifying the growth structure. Moreover the antibacterial properties have fueled an increase in demand. Therefore, these elements could operate as market growth catalysts for the product.

Eucalyptus Oil Market Regional Insights

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"Asia Pacific Region to Lead the Market with Volume Production"

Due to the rapid expansion of the food and beverage, pharmaceutical, and personal care industries among others in China, India, Japan, Australia, and other Asian countries, the Asia Pacific region is expected to have significant growth throughout the period of time anticipated. Manufacturers of the oil have a profitable opportunity because to India's rapidly growing pharmaceutical sector. Over 50% of the world's demand for various vaccines is met by the Indian pharmaceutical industry, as is 40% of the US market for generic drugs and 25% of the UK market for all medicines. By 2025, the Indian pharmaceutical market is anticipated to reach US$ 100 billion, which might increase demand for the oil. To grow sales throughout the anticipated time, the eucalyptus oil market share in the nation can target clients in the pharmaceutical industry.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

LIST OF TOP EUCALYPTUS OIL COMPANIES

• Yunnan Tian Lake Essential Oil (China)
• Yunnan Emerald Essence (China)
• Teck Soon Hong (Zhuhai) Flavours & Fragrances (China)
• YunNan Lorraine Aromatic (China)
• Xiamen Bestdo Technology Development (China)
• Zhuhai Pak Li Heung Flavors And Fragrances (China)
• Yunnan Aroma Source Manufacturing (China)
• Yunnan Guorun Aroma Manufacturing (China)
• Jiangxi East Flavor & Fragrance (China)
• FGB Natural Products (Australia)
• Busby Oils Natal (South Africa)
• GR Davis (Australia)
• B.O.N® Natural Oils (South Africa).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching  of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.