Saudi Arabia Essential Oils Market to Grow with an Impressive CAGR until 2026
Modernizing lifestyles are
driving the growth of Saudi Arabia Essential Oils Market, in the forecast
period, 2022-2026F.
According to TechSci report on, “Saudi Arabia Essential Oils Market By Product Type (Orange,
Eucalyptus, Peppermint, Lemon, Citronella & Others) By Application
(Medical, Food & Beverages, SPA & Relaxation, Cleaning & Home) By
Region, Competition Forecast & Opportunities, 2026”, Saudi
Arabia essential oils market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia essential
oils market owes its growth to the factors like surge in the demand of the essential
oils as a treatment for medical ailments like stress, anxiety, chronic pain,
breathing problems, cough and cold, etc. Moreover, more consumers are getting
aware about the health benefits of essential oils and that is upsurging the
demand for essential oils in the market and thus supporting the growth of the
Saudi Arabia essential oils market in the upcoming five years. Essential oils
are massively employed in aromatherapy. With the utilization of oil diffusers,
the essential oils are in demand. Furthermore, evolving lifestyle of consumers
is also aiding the growth of the market in the next five years.
Essential oils
are the oil extracts that is recovered by a complex procedure of distillation
from plant extracts. Aromatherapy is a major field that utilizes essential oils
to therapize patients suffering from insomnia, stress, anxiety, etc. Although
the market is registering a consistent growth, the market may observe a mild
restraint due to lack of manufacturers in the country. Market players entering
the market would probably have room to establish their own brand with wider
range in the product line.
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The Saudi Arabia
essential oils market is segmented by product type, application, competitional
landscape, and regional distribution. Based on application, the market is
further divided into medical, food & beverages, spa & relaxation,
cleaning & home. Medical applications are anticipated to hold the largest
revenue shares of the market and assert its dominance over the market segment
in the upcoming five years on the account of advantages of the essential oils
in the treatment for various ailments. Eucalyptus
essential oil is extracted from eucalyptus plant extracts and has proven effects
on cough, sooth cold sores, wound disinfection, controlling blood sugar, etc.
Peppermint essential oils are specifically used for topical uses such as
headaches, muscle aches, joint pains, and itching. Citronella essential oils
have health benefits such as to expel worms or other parasites from the
intestines. Moreover, the rising popularity of aromatherapy among the consumers
and practitioners is also aiding the growth of the market in the next five
years. Aromatherapy has also increased consumers’ spa visits and with the
rising disposable income the application is expected to experience significant
growth in the next five years. Cosmetics, food & beverages industry are
also utilizing essential oils in their final products. Beauty products with benefits
of essential oil are popular among the female consumers of the country and
further supporting thew growth of Saudi Arabia essential oils market in the
future five years of forecast.
A partial list
of market player in the Saudi Arabia essential oils market includes, Kelvin
Natural Mint Pvt. Ltd., Kshrey Inc. (Supplier), AJWA Group for Food Industries,
Cargill Saudi Arabia (Supplier), among others. New market players may work on
the wider range of essential oils and satisfy the consumer demand. The Kingdom
of Saudi Arabia is a land of aromatic products and perfumes. Usage of essential
oil for the aroma therapy is gaining popularity though the awareness about the
product range is still has room for improvements. Other competitive strategies
include mergers & acquisitions and new product developments.
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“With the rise in the demand of organic products in every field, the
Kingdom of Saudi Arabia market may see an exponential growth in the essential
oil demand in the future. The country has barely enough manufacturers of the same,
that may prove to be a beneficial aspect for the new market players entering or
planning to enter the market in recent future. Moreover, the country has easier
regulations and policies for the essential oils currently therefore global
market players may have enough product range to start off in the country,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Saudi Arabia Essential
Oils Market By Product Type (Orange, Eucalyptus, Peppermint, Lemon, Citronella
& Others) By Application (Medical, Food & Beverages, SPA &
Relaxation, Cleaning & Home) By Region, Competition Forecast &
Opportunities, 2026” has
evaluated the future growth potential of Saudi Arabia Essential Oils market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Saudi Arabia Essential Oils market.
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