Fir Essential Oil Market Size, Share, Growth, and Industry Analysis, By Type (Douglas Fir Essential Oil, Siberian Fir Essential Oil, Silver Fir Essential Oil, Balsam Fir Essential Oil, and Others) By Application (Personal Care, Aromatherapy, Pharmaceuticals, and Others), Regional Insights, and Forecast To 2032

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FIR ESSENTIAL OIL MARKET REPORT OVERVIEW

The global fir essential oil market size is expected to be worth USD 0.05 billion in 2024 and market is projected to touch USD 0.11 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.7% during the forecast period.

Fir trees have flat needle-like leaves and upright cones and are evergreen conifers. In addition to timber, they produce resin as well. Steam distillation is used to extract the oil from fir needles, and it has a distinctive pinewood fragrance. Ayurvedic medicine has used this oil for years, despite its unpopularity with modern consumers. Coniferous plants' leaves and twigs are used to extract Siberian fir essential oil. With a crisp, pine top note, it has a balsamic, sweet undertone. Its main components include bornyl acetate, camphene, 3-carene, tricyclene, dsl-limonene, α-pinene, caryophyllene, β-phellandrene, borneol, and α-terpinene. Siberian fir essential oil contains similar components to other coniferous essential oils, but the concentration makes it unique. The Douglas Fir tree has many benefits when used aromatically or topically, in addition to its use in Christmas and wintertime traditions. Compared to other conifer needle oils, Douglas Fir Essential Oil has a sweeter and more complex aroma. As a result of its unique chemical composition, Douglas Fir is particularly rich in beta-pinene, which contributes to its ability to promote feelings of clear airways. Besides promoting a positive mood, Douglas Fir can also purify the skin. By blending Douglas Fir with citrus oils, you can create an uplifting environment while freshening the air. Monoterpene-rich Silver Fir Essential Oil can support respiratory health thanks to its abundance of monoterpenes. It is a good addition to blends intended to treat bronchitis, colds, and flu. In terms of emotional energizing properties, this type of Silver Oil can be helpful if you are fatigued. White Fir Essential Oil is also known as Silver Fir Essential Oil. In aromatherapy, Silver Fir Essential Oil combines particularly well with essential oils from the conifer, wood, citrus, mint, and herbaceous families. Aromatically, it is fresh, woody, sweet, and "foresty".

These oils are used in various industries including cosmetics, pharmaceuticals, and even for personal care products. Apart from its various benefits, it also have some adverse side effects if not used properly.

COVID-19 IMPACT

"Halt on Healthcare to Hamper Market"

As a result of COVID-19, the fir essential oil market growth has also been drastically affected. The sudden lockdown and shutdown of all the factories/manufacturing units by government have laid a significant impact on the global market. Healthcare and pharmaceutical industries were also affected. COVID-19 has had a significant impact on the healthcare industry, disrupting all aspects of the supply chain, from raw materials to manufacturing to distribution. The ease of restriction is expected to improve the marketing demands of this oil, thereby driving the global fir essential oil market growth.

LATEST TRENDS

"Pharmaceutical Benefits of this Oil to Drive Market Growth"

Various skin conditions such as eczema and psoriasis are treated with essential oils because of their antimicrobial, anti-inflammatory, and antioxidant properties. When applied topically, essential oils also soothe the skin. Aside from its antiseptic and antiviral properties, this oil is also bactericidal and expectorant. Due to its ability to stimulate the growth of new cells, it has traditionally been used to treat wounds. Fir essential oil is also high in antioxidants that prevent cellular degeneration caused by free radicals or oxidative stress.

FIR ESSENTIAL OIL MARKET SEGMENTATION

By Type

The market is classified into Douglas fir essential oil, Siberian fir essential oil, silver fir essential oil, balsam fir essential oil, and others based on type. The Douglas fir essential oil segment will lead the fir essential oil market share throughout the forecast period.

By Application

The market is classified into personal care, aromatherapy, pharmaceuticals, and others on the basis of application. The personal care segment will lead the fir essential oil market share throughout the forecast period.

DRIVING FACTORS

"Increasing Demand for Cosmetics to Drive the Market"

As a fragrance enhancer for skincare, haircare, and other cosmetic products, fir essential oil is widely used in the cosmetic industry. As a result of its anti-inflammatory properties, this oil has become increasingly popular. Aside from treating skin infections, it also improves blood circulation and has antimicrobial and antiseptic properties. The scent helps mask body odor, keeping the body fresh all day long. It is widely used as a deodorant.

"Increasing Demand for Personal Care Products to Drive the Market"

Various personal care products use fir essential oil, such as skincare, haircare, and oral hygiene products. With its woody scent, it uplifts the mood and creates a sense of well-being. The astringent properties of this oil help tone the skin and reduce wrinkles. Aside from its antiseptic properties, it is ideal for oral hygiene products such as mouthwash and toothpaste.

RESTRAINING FACTORS

"High Concentration of the Oil to Restrain the Market"

Before applying essential oils directly to the skin, always dilute them. As essential oils are highly concentrated by nature, they can cause irritation if used in their pure state. This precaution applies not just to fir, but to essential oils in general. Moreover, this oil is invariably not suitable for regular use. Two weeks is the maximum period of time that can be safely exposed to these oils. Once enough time has passed, refrain from further use.

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FIR ESSENTIAL OIL MARKET REGIONAL INSIGHTS

"North America to Dominate the Market Owing to the Rising Consumption of Skincare Products"

Globally, North America dominates the fir essential oil market. Due to the rising consumption of skincare products as well as the high demand for cosmetics and personal care products in the region, North America is expected to hold a significant share of the global market during the forecast period. Furthermore, the growing population base and rising disposable income will encourage people to spend more on healthcare, resulting in an increase in the demand for natural essential oils for maintaining good health.

Europe holds the second largest market share. The European market for this oil is expected to grow significantly over the forecast period due to an increase in demand for products that are free of chemicals and synthetic ingredients. Furthermore, manufacturers in the region are increasingly incorporating essential oils into their products, which boosts the demand for this oil.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by collaborating with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Fir Essential Oil Companies

• doTERRA (U.S.)
• Young Living (U.S.)
• Aromaland (U.S.)
• Floracopeia (U.S.)
• Mountain Rose Herbs (U.S.)
• Now Foods (U.S.)
• Florame (France)
• SVA Organics (India)
• Plant Therapy Essential Oils (U.S.)
• A. G. Industries (India)
• Paras Perfumers (India)
• Vivasan (Switzerland)
• Ji’an Huatianbao (China)
• Jiangxi Baicao Pharmaceutical (China)
• Jiangxi Global Natural Spice (China)

REPORT COVERAGE

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