The global demand for eucalyptus oil remains an all-time high as applications like cosmetics, and drug manufacturing continue to rise. The global eucalyptus oil market is expected to grow at a notable 5.6% CAGR during 2017-2025, and reach a valuation of US$64.6 million in 2025.
Apart
from its core applications like cosmetics, and drugs, the market is also
expected to witness major growth in emerging region of Asia Pacific. The
increasing push for innovation in pharmaceutical products, and rising
disposable income in the region, making way for risk-taking, and experimentation
is expected to make way for significant growth.
Additionally,
the global eucalyptus market is also riding growth on the back of increasing
demand for natural products. The increasing health concerns and rising
transparency with the advent of social media are expected to drive growth for
the eucalyptus oil market. The large quantities of cineole content in
eucalyptus oil promises major opportunities for growth as its medicinal value,
and awareness continue to spread globally.
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Rising
Popularity of Gluten-free Products to Create New Opportunities
While
demand for aromatherapy remains the major application for players in the
eucalyptus oil, the rising demand for natural flavours in food and beverage
have also created new opportunities for growth. Products like gluten free rice
are increasingly preferred by vegans, thanks to their increased importance to
health. Products like these are especially appealing to a large number of blue
collar workers, whose routine consists of sedentary lifestyle, which results in
a wide range of illnesses like bronchitis, pneumonia, and blood pressure among
others. Moreover, the rising risk associated with meat products like red meat,
also make this large group of working class people extremely wary of
conventional foods with more fats, salts, and processed flavors. The natural
quantities of eucalyptus oil, and increased familiarity with its taste will
likely drive more growth for players in the eucalyptus oil market.
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North
America and Europe to reach over $ 40 million in Valuation
The
global market for eucalyptus oil remains in its infancy stages. However, the
promising aspect to the story is, the market is growing at a brisk pace in some
of the most challenging and lucrative regions. The demand for eucalyptus oil
remains a key prospect in North America, and Europe, especially for new
entrants. The market reached a valuation of $41.7 mn in 2017, growing at a CAGR
of 5.6%. Moreover, the market has also shown promising growth in Asia Pacific,
wherein rising disposable income, and conventional trends like herbal medicine,
continue to drive demand for natural ingredient-based products.
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The food and
beverages sector has cemented its place among the global populace firmly over
the years. This sector attracts considerable investments and subsidies from
numerous government and non-government organizations. The trends and popularity
regarding specific sub-categories are dynamic and help in structuring the
overall growth. The trends are a way of answering the needs of the consumer.
The players in the food and beverages sector have to adapt to the changing
trends, which helps increase revenue-generation opportunities.
The world has
undergone a major shift in the way of living since the COVID-19 pandemic
struck. A notable change in the functioning of various businesses and sectors
has influenced their working mechanisms extensively. The food and beverage
sector is no stranger to this change. Transparency Market Research (TMR) has
studied many aspects concerning the difference between the trends in the
pre-pandemic and post-pandemic world across the food and beverage industry.
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TMR has followed
the C19-TREND approach for
conducting a comprehensive analysis on the trends and changes in the food and
beverage sector due to the COVID-19 outbreak. Each factor is analyzed with
scrutiny. These points have been compiled in the report and will assure great
assistance to the stakeholders and CXOs in developing sound business
strategies.
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