Saudi Arabia essential oils market is
anticipated to show robust growth in the upcoming five years, 2024-2028. The
market growth can be attributed to the surging demand
for essential oils in various other industries. Moreover, essential oils
are known for their several health benefits. Pharmaceutical companies and
healthcare industries are actively utilizing essential oils to produce
medicines and drugs for anxiety, stress, and other mental ailments, and thereby
supporting the growth of the Saudi Arabia essential oils market in the upcoming
five years. Also, the rising prevalence of health problems, such as
cardiovascular problems, Alzheimer’s, and bronchitis, are driving the growth of
the market. Furthermore, rising awareness among the population regarding the
health benefits of essential oils is aiding the exponential growth of the
market in the next five years. Essential oils also find their extended
applications in organic products. The favoring regulations that aid the use of
essential oils in the cosmetics, food, and beverage industry are anticipated to
further drive the Saudi Arabia essential oil market growth in the next five
years. Essential oils are the oil extracts that are 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 the lack of manufacturers in the
country. Market players entering the market would probably have room to
establish their own brand with a wider range in the product line.
The Saudi Arabia essential oil market is
segmented by product type, application, competitional landscape, and regional
distribution. Based on product type, the market is further bifurcated into
orange, eucalyptus, peppermint, lemon, citronella & others. Essential oils
are available in the market with various types. Each type is functional for
some specific function, such as orange extract essential oils are often
utilized with oil diffusers as an aromatic atmosphere creator. The oil diffused
in the air gives out a citrusy and tangy fragrance which can lift mood and
reduce stress. Eucalyptus essential oil is extracted from eucalyptus plant
extracts and has proven effects on cough, soothe 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
expelling worms or other parasites from the intestines. The oil is also used to
control muscle spasms, increase appetite, and increase urine production (as a diuretic)
to relieve fluid retention.
A partial list of market players 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 a wider range of essential oils and satisfy consumer demand. The Kingdom of
Saudi Arabia is a land of aromatic products and perfumes. Usage of essential
oil for aromatherapy is gaining popularity though the awareness about the product
range still has room for improvements. Other competitive strategies include
mergers & acquisitions and new product developments.
Objective
of the Study:
- To
analyze the historical growth of the
market size of Saudi Arabia essential oils market from 2018 to 2021.
- To
estimate and forecast the market size of Saudi Arabia essential oils
market from 2022 to 2028 and growth rate until 2028.
- To classify and
forecast Saudi Arabia essential oils market based on product type,
application, competitional landscape, and regional distribution.
- To identify dominant region or segment in the Saudi Arabia essential
oils market.
- To
identify drivers and challenges for Saudi Arabia essential oils market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Saudi Arabia essential oils market.
- To identify and analyze the profile
of leading players operating in Saudi Arabia essential oils market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia essential oils market.
Download Free Sample Report
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia essential oils market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key
Target Audience:
- Essential oils manufacturers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to essential oils
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historical Data
|
2018 – 2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F
|
|
Report coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments covered
|
·
Product Type
·
Application
|
|
Regional scope
|
Western
Region, Northern And Central Region, Eastern Region, Southern Region
|
|
Key companies profiled
|
Kelvin Natural Mint Pvt. Ltd., Kshrey Inc. (Supplier), AJWA
Group for Food Industries, Cargill Saudi Arabia (Supplier).
|
|
Customization scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Saudi Arabia essential oils market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Saudi Arabia Essential Oils Market,
By Product Type:
o Orange
o Eucalyptus
o Peppermint
o Lemon
o Citronella
o Others
- Saudi Arabia Essential Oils Market,
By Application:
- Medical
- Food & Beverages
- Spa & Relaxation
- Cleaning & Home
- Saudi Arabia Essential Oils Market,
By Region:
- Western
- Eastern
- Northern & Central
- Southern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia essential oils market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).