Pine Needle Oil Market Size, Share, Growth, and Industry Analysis By Type (Pinus, Sylvestris, Pinus Palustris and Others), By Application (Food Additive, Spices, Therapy and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Pine Needle Oil Market REPORT OVERVIEW

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The global pine needle oil market size was USD 16.38 million in 2021 and market is projected to touch USD 25.1 million by 2031, at a CAGR of 4.36% during the forecast period.

Not to be confused with pine nut oil, which comes from the pine kernel, pine needle oil is a natural oil that comes from pine needles. On the other hand, pine needle essential oil is a nearly colourless yellow oil that is obtained from the pine tree's needles. The tree is now being grown all over the world to meet the rising demand from different producers of pine oil, despite the fact that it was originally native to Austria and Russia. The primary driver of the pine oil industry is the widespread availability of pine trees throughout the globe. Pine oil is becoming increasingly well-liked among consumers all over the world as a result of the numerous health benefits and home care advantages it offers.

COVID-19 Impact: The Skincare and Pharmaceuticals Benefits Among Consumers to Increase Market Demand

The COVID-19 outbreak caused slow growth in several industries and companies. As the number of COVID-19 cases dramatically increased, numerous countries adopted restrictions to contain the new virus. The demand for the oil was also damaged by the pandemic. Consumers are becoming more aware of the detrimental effects of artificial additives, which has led them to choose natural products. Aromatherapy is increasingly in demand. Previously, it was thought of as a complimentary therapy, but it is now seen as a mainstream treatment. The pine needle oil market growth is probably being driven by the rising demand for organic products.

LATEST TRENDS

"The Industrial Utilization of the Oils to Advance the Market Share"

Pine oil has been utilised in froth flotation, a process used in industry to separate minerals from ores. For instance, pine oil is used to prepare copper sulphide ores for froth flotation in the copper extraction process. Small, pricey clockwork devices also use it as a lubricant.

Pine Needle Oil Market SEGMENTATION

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• By Type

Based on type; the market is divided into pinus, sylvestris, pinus palustris and others.

• By Application

Based on the application; the market is divided into food additive, spices, therapy and others.

DRIVING FACTORS

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

The advantages of pine needle essential oil are very amazing. The pine oil is the one you should start with if you want to build an essential oil collection. The antibacterial, antiseptic, antifungal, anti-neuralgic, and anti-rheumatic effects of this one essential oil are all combined. Pine needle essential oil is effective for a wide range of illnesses and disorders because to all these properties. Since more than a century ago, pine needle oil has been utilised as a traditional therapeutic treatment for purification, pain relief, boosting vitality, and stress relief.

Pine oil may provide relief for chest congestion, regardless of whether the cause is the flu or a more serious illness or condition. It effectively relieves congestion and acts as an expectorant to expel mucus and extra fluid buildup from the body. Pine needle oil may provide relief whether your chest congestion is brought on by the flu or a more serious ailment or illness. It effectively relieves congestion and acts as an expectorant to expel mucus and extra fluid buildup from the body. Since pine needle essential oil is a natural analgesic and anti-inflammatory, many eczema and psoriasis sufferers report that using it helps to lessen the physical discomfort associated with having these skin illnesses.

"The Rising Demand for Oil in Healthcare and Skincare to Drive the Market Growth"

Pine needle essential oil is becoming more and more popular in the cosmetic and skincare industry as an astringent and anti-inflammatory element in skincare products. The pine needle oil is actively used in aromatherapy and provides a variety of therapeutic benefits due to its outstanding clarifying, uplifting, and stimulating effects on the mood and mind of the users. When applied to hair, the pine needle oil also helps to promote the hydration, lustre, and natural smoothness of the hair. Over the past few years, there has been an increase in the demand for the oil for a variety of applications, which is expected to continue to fuel the growth of the worldwide pine needle oil market. The market is also expanding as a result of the rising demand for flavours and scents in food, drink, and personal care items.

RESTRAINING FACTORS

"Certain Side Effects Associated with Over-dosage of the Oil to Restrain the Market Growth"

Pine oil is known to irritate the skin and mucous membranes and has been known to lead to breathing difficulties despite having a relatively low human toxicity level, a low corrosion level, and limited permanence. Central nervous system depression may result from high doses. However the side effects of the oil to restrain the pine needle oil market share.

Pine Needle Oil Market REGIONAL INSIGHTS

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"North American Region to Lead the Market with Volume Production"

The largest portion of the global pine needle oil market is currently concentrated in North America, which is also where the industry is expected to grow to its full potential. The largest amount of the oil was consumed in this way. A key factor influencing the market is the use of pine oil in herbal remedies. Because so many domestic companies compete on the worldwide market at different points throughout the value chain, the market is highly fragmented. Some of the most prominent players involved in production and distribution of the pine needle oil are contributing in the market growth.

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.

List of Market Players Profiled

• Industrial Oleochemical (South Africa)
• Shakti Him Pharma (India)
• Heng Cheng Natural Perfume Oil (China)
• BIOLANDES (France)
• Baicao Pharma (China)
• Scatters Oils (U.S.A)
• Jusheng Technology (China)
• HRF (U.S.A)
• K.K. Enterprise (India)
• Hobart Company (U.S.A)
• Mountain Rose Herbs (U.S.A)
• HONY (U.S.A)
• Global Natural Spice (China)
• Shiv Sales Corporation (India).

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.