Immortelle Oil Market Size, Share, Growth, and Industry Analysis by Type (30% Type and 50% Type) By Application (Cosmetic and Medicine), Regional Forecast To 2031

Updated On: 08 April 2024

Immortelle Oil Market REPORT OVERVIEW

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The global immortelle oil market size was USD 12 million in 2022 and is projected to touch USD 16.53 million by 2031, exhibiting a CAGR of 3.3% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The essential oil known as immortelle oil is an extraction distill from the blooming tips of the plant. It is one of the Aromatic Assembly's finest oils in performance, particularly for skin care. It is used to treat liver and gallbladder conditions. Other illnesses, such as those affecting bile flow in the liver, indigestion, or dyspepsia, are also healed with it. The antiallergenic, antibacterial, antispasmodic, anticoagulant, antihaematoma, and antiphlogistic qualities of this oil are responsible for some of its health advantages.

Chrysanthemums, marigolds, ragweed, daisies, and several more plants are members of this family. Stretch marks, psoriasis, eczema, dermatitis, allergies, scars, bruising, and other skin conditions can all be effectively treated using immortelle essential oil. Pharmaceuticals, personal care products, and cosmetics all commonly employ immortelle extract oil. It supports the skin's natural regeneration process and is a very well-liked component of anti-wrinkle skin care products Evening out skin tone, repairing sun-damaged skin, and assisting in UV ray protection are all benefits of immortelle essential oil. Reduction of under-eye bags, Scars, and spots are also removed by it. Allergy-related rashes are calmed and reduced by the product, which may boost its demand in the future.

COVID-19 Impact: Halt on Manufacturing Operations to Slow Down Market Growth

Every sector of the global economy has been affected by the COVID-19 pandemic. The immortelle oil market also faced a striking impact. The unanticipated COVID-19 pandemic had caused strict lockdown regulations to be implemented in a number of countries, which had a negative impact on the import and export of immortelle oil products. However, one of the main factors driving the immortelle oil market development during the COVID-19 pandemic was the rise in awareness for cosmetics and wellness goods across different industries. The COVID-19 pandemic, however, posed a number of challenges for the industry, including a dearth of extraction-ready raw materials, a labor shortage, and project delays or cancellations due to a total lockdown.

LATEST TRENDS

"Growing Skincare Attention to Boost Market Growth"

Immortelle is playing an increasingly important role in culinary, aromatherapy, skincare, and medicinal items. This outlines how oil consumption and production might increase in the future. Immortelle essential oil has a regenerative composition that promotes skin cell development and regeneration as well as anti-microbial, anti-biotic, and antibiotic properties. Additionally, it lessens scarring and promotes faster healing of wounds, burns, and rashes. It is a vital component of several cosmetic and skincare items. It increases the natural skin's collagen synthesis, which lessens wrinkles' appearance. On account of all these factors, the immortelle oil market growth will expand in the coming years.

Immortelle Oil Market Segmentation

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• By Type Analysis

As per the type, the immortelle oil market is classified as follows: 30% type and 50% type. The 30% type segment is slated to dominate the market during the forecast period.

• By Application Analysis

Based on application, the immortelle oil market is segmented as follows: cosmetic and medicine. The cosmetic segment is expected to capture the dominant market share over 2031.

DRIVING FACTORS

"Demand in the Cosmetic and Pharmaceutical Sector to Facilitate Market Development"

An expansion in the cosmetic and pharmaceutical industries is driving the need for immortelle extract oil. This is being followed by an increase in consumer awareness of the importance of skincare, an increase in disposable income, and an increase in immortelle extract oil demand. Increased consumer spending on premium-quality cosmetics and skincare products will work in favor of the market growth in the future.

"Awareness of Social Media Platforms to Promote Industry Progress"

Sales are strongly related to consumer education; the more consumers are aware of the benefits of using essential oils, the higher the sales and growth rates. This is a significant element that is usually mentioned. For manufacturers to reach customers, they must use websites and all available social media platforms. Additionally, these platforms offer a significant tool for communicating directly with consumers about the important aspects of purchases. The aforementioned factors drive the customers to buy the product as well as the investors to witness growth in immortelle oil market share.

RESTRAINING FACTORS

"High Price of Immortelle Oil to Hinder Market Growth"

The immortelle oil market growth may be impacted by the high price of immortelle extract oil. Immortelle oil has a remarkable price and is one of the costliest essential oils available on the market. Due to the enormous quantity of flowers needed to produce just a few liters of immortelle oil, the price is extravagant. Despite its enormous health and skin benefits its unaffordable rate for common people restricts immortelle oil market size.

Immortelle Oil Market REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in North America"

Due to a rise in demand from the region's medical sectors, the North American region now controls the majority of the immortelle extract oil market. However, due to an increase in the number of young people living there and an increase in disposable income throughout the projection period, the European and Asia Pacific areas are predicted to develop at a significant rate. Due to increased public awareness of personal care products during the projected period, it is anticipated that the market's future in this region will be promising in the following years.

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Helichrysum-Croatia (Netherlands)
• Youngliving (U.S.)
• Moellhausen (Italy)
• Talia (U.K)
• Italchile (Italy)
• Janousek (Italy)
• Laboratoire (France)
• Solaroma (Spain)
• Provital Group (Spain)
• BIOETERICA (Croatia)
• Taosherb (U.S.)
• Sinuo (China)
• Haoyuan (China)
• Bolin (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.