Wednesday, 1 June 2016
Investing in Just Few Drops Transforms Essential Oil Market Future
Increasing demand for both fragrances in cosmetics and spa and relaxation uses is likely to fuel the need for essential oil over the next five to six year.
Essential oil is extracted using distillation process. The oil is preferred for characteristic odor of a particular plant or source from which it is obtained. Applications of the oil has a rich history and was used for treating skin diseases and cancer. Besides leaving its effect as pseudoscience in wellness industry, they are popular as an alternative medicine. Aromatherapy is a popular form of alternative medicine known to have healing effects ascribed to compounds present in plant extracts. Few oils are even claimed to offer an uplifting effect on our mind. Research analysts at Allied Market Research assessing growth, size and share of the sector highlight that sources such as orange, eucalyptus, peppermint and corm mint remain the most favorite ones.
The spa and relaxation alchemy is highly dependent on the industry. Another biggest consumer of these oils is the perfume market, which is valued at $46 billion. The sector banks on sources such as orange, lemon, lime, rose and clover leaf among others. Recently a Cork -based enterprise shows it has this flourishing segment in its sights. The Irish Rose Essential Oil Company, commented on use of rose oils as a popular ingredient by saying “Rose oil is virtually indispensable as an ingredient in perfume and it is known in the trade as ‘liquid gold’ because of the vast quantity of roses that must be distilled to produce a few drops of oil.” Pioneer of this enterprise de Lacey explained “The perfume market is growing but the production of rose oil is falling so it is a valuable and sought-after crop.” In addition, for many healthy cooking begins with an essential oil added to the recipe to enjoy an all – natural living. These oils serve as a wonderful antibacterial options for various homemade cleaning recipes too. Simply add oils to the laundry routine, sanitize kitchen and mold in your bathroom to make your home smell clean. You would no longer need scary fumes.
While several alternative medicine therapy trends may be fleeting, application of these oils has remains staple worldwide. Few doctors are of the faith that essential oils would soon be in every home cabinet. Those who have been novice about the application can now learn something new. Why? As aromatherapy has finally made it to the mainstream. Several studies have credited Omega -3 oil for providing an array of health benefits. Thus, from helping you combat your joint pain conditions to reducing the stiffness these oils offer it all. Researchers also suggested that food fat tend to have a positive impact on the mental health and lower chances of heart disease. They suggest that healthy fats leave a positive impact on human mind – reducing levels of stress and possibly safeguarding against diseases like dementia.
India has been a leader as far as production as well as export of these oils are concerned. The factors that favor the region are biodiversity, processing sector, trade investments and scientific manpower. These parameters have been well addressed by India and the region is ready to grow further and attain distinction. What is so common between Davidoff, Channel and Coty? Many would answer their fragrances and brand positioning. But not many known that they all have essential compounds that go into many popular brands from Yunnan, locate in China. General manager of Yunnan MeiJie Industrial Trade Co Ltd, revealed that his firm has been supplying aromatic materials, via traders to several fashion houses located in France including Channel and L’Oréal. A study outlines that “Yuzu” a citrus scent is known to soothe both anxiety and depression in just 10 mins. In Japan there’s a custom, “Yuzu – Yu” in which yuzus float in warm water to relieve stress or depression. The fruit has made its way into the East Asian cuisine.
A Recent report on essential oil shows how this natural product has resulted in the development of novel uses particularly food and beverage, cleaning products, medicines and more. Industrialization coupled with rising disposal income, in regions such as Asia – Pacific, North America, Latin – America and Europe, are a macro factors steering development. Moreover, rise in application scope due to increasing customer awareness associated with advantages and no side effects is likely to spur demands in the beauty and medicine sector.