The global patchouli oil market revenue was around US$ 43.4 million in 2022 and is estimated to reach US$ 64.4 million by 2032, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2023 to 2032.
A plant from which its pure essential oil is extracted by collecting the leaves is known as patchouli. The maximum height of the plant is roughly three feet. The trees that make patchouli have pale purple blooms and oval leaves. The plant is unique in that it needs direct sunshine to release its fragrance.
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Factors Influencing Market Growth
– The rising trend of people shifting to natural remedies to ease stress, relax, and improve their mental well-being is escalating the growth of the patchouli oil market.
– The market for patchouli oil may be affected by the demand for comprehensive documentation and testing of the purity, chemical makeup, and safety of the oil.
– The demand for the patchouli oil market is boosted by the fact that it is utilized in many spa treatments.
– The increase in product demand would simultaneously positively impact the demand for the patchouli oil market, as it is an ingredient of the product.
Impact of COVID-19
The COVID-19 pandemic led to disturbances in global supply chains due to travel restrictions, lockdowns, and factory closures. This influenced the availability of raw materials, including patchouli oil, causing holds in distribution and production.
As people concentrated more on self-care and organic skincare during the pandemic, there was a change in consumer choices from makeup to skincare products. This shift impacted the demand for self-care products and, therefore positively affected the growth of the product.
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In 2022, Europe dominated the global patchouli oil market in terms of revenue. Patchouli oil is widely utilized in Europe. Due to its exceptional olfactory profile, which can provide richness and odor depth, patchouli oil is frequently utilized in perfumes, colognes, and other fragrance items in Europe. Consumer desire for exotic and unusual aromas like patchouli is expected to grow as the cosmetics and perfume industries continue to extend. Organic and natural products, including essential oils like patchouli oil, are acquiring popularity in Europe.
The leading prominent companies profiled in the global patchouli oil market are: –
– PT. Djasula Wangi
– Takasago International Corporation
– Firmenich SA
– PT. Botanagra Indonesia
– Van Aroma
– Eastern Agencies Aromatics Pvt. Ltd.
– Treatt Plc.
– Other prominent key players
The global patchouli oil market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
– LIGHT PATCHOULI OIL
– DARK PATCHOULI OIL
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Segmentation based on Application
– COSMETICS and PERSONAL CARE
Segmentation based on Region
– North America
– The U.S.
– Rest of Europe
– South Korea
– Rest Of Asia-Pacific
– Latin America
– Middle East
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
Key Questions Market Research and Analysis Report
What is the current market size, both in terms of value and volume?
What is the historical growth rate of the market, and what are the projected growth rates for the future?
Who are the major players in the market, and what is their market share?
What are the market trends and dynamics influencing the industry?
What are the key drivers of market growth?
What are the challenges and barriers faced by market participants?
What are the emerging opportunities in the market?
What is the competitive landscape of the market?
What are the consumer preferences, behaviors, and buying patterns within the market?
What is the market segmentation, and how are different market segments performing?
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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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