Global Cedarwood Oil Market Size, Share & Industry Trends Analysis Report By Technique (Steam Distillation, Carbon Dioxide Distillation, and Cold Press), By Industry, By End Use, By Regional Outlook and Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Cedarwood Oil Market
Market Report Description
The Global Cedarwood Oil Market size is expected to reach $481.3 million by 2028, rising at a Market growth of 6.8% CAGR during the forecast period.
Cedarwood oil is obtained from the Cupressaceae plant Juniperus virginiana. The cedar tree can reach a height of 30 meters and has a lifespan of 1000 years. Cedarwood has a deep hue, a pleasant fragrance, and a warm temperature. Due to its multiple health benefits, cedarwood oil is used in skincare all over the world. The distillation of steam in wood fragments is required to extract essential oil from cedar wood. Cedrol, thujone, windrow, beta cederene, alpha cederene, and a variety of sesquiterpines are all present in this oil. The chemical selection working group (CSWG) drew attention to cedar wood as a popular insect repellent. The crude oil obtained is yellowish or deeper in hue. Throughout this recovery process, no additives, solvents, or chemicals are employed.
Virginiana cedarwood oil, Texas cedar wood oil, and Western red cedarwood oil are the three forms of cedarwood oil. The oil extracted from J. virginiana is known as 'virginiana' in the essential oils trade, and it is obtained through the partial pressure steam distillation of old stumps, sawdust, chipped logs, and other materials. Texas cedarwood oil is the name given to the oil obtained from J. ashei. On the other hand, Texas cedar wood oil is used in the production of chemical derivatives.
During the upcoming period, increasing skin care advantages of cedarwood oil, such as its sedating characteristics that provide relief from itching and irritation, are expected to boost this Market . The astringent properties of the oil help with acne, dandruff, and greasy skin. It provides a soothing impact on the psyche, alleviating all forms of worry. Besides having a strong effect on membranes, cedar wood oil also helps to fight urinary and chest infections and is also used as a general tonic.
Aside from its health benefits, this oil may be used to make effective insect repellents, fight microorganisms, and create cosmetics, perfumes, and beauty soaps. It can also be utilized in aromatherapy to create mental serenity, which is beneficial to the soul.
COVID-19 Impact Analysis
The COVID-19 pandemic had a significant impact on economic condition. The disruptions it generated, which shocked the entire world, have impeded economic progress. It has been found that the revenue of many companies in various areas has decreased. Due to the large losses they had experienced, almost every third business was shrunk, and several were shut down. It has caused the operations of even successful companies to suffer, as well as disrupted the economy's growth. The lockdown in several countries halted operations in various areas, and practically every industry came to a halt. However, in the case of this Market , the scenario is steadily improving due to adequate raw material availability, which is assisting in the seamless flow of production.
Market driving Factors:
Sleep and skin health should be prioritized
Cedarwood essential oil is antibacterial and anti-inflammatory. This could make it useful for skin disorders such as acne. Adding cedarwood oil to traditional acne treatments, as per one case study, helped to ease and minimize stubborn outbreaks. Anecdotal evidence supports this conclusion.
A few drops of cedarwood essential oil can also be used as a face scrub. To guarantee the consumer don't have an allergic reaction, perform a patch test beforehand. Other skin disorders may benefit from the use of cedarwood oil. It may, for example, minimize the visual appearance of scars, cure minor wounds, relieve arthritis pain, and lessen eczema symptoms. For acne treatment, user can apply few drops of cedarwood and comedogenic carrier oil.
Cedarwood oil is beneficial for health and growth of hair
Alopecia areata is a condition in which the immune system attacks the hair follicles, resulting in hair loss. One of the numerous essential oils that can help with hair development is cedarwood. When user will perform a routine massage in scalp with rosemary, cedarwood, thyme, & lavender essential oils, it will result in significant hair growth. This above-mentioned mixture of oil is to be applied for few months in regularity. It may also help to massage the scalp with a blend of cedarwood oil and carrier oil to relieve itching and flaking. This could make it useful in the treatment of scalp eczema and dandruff. You can also add four to five drops of cedarwood oil to your conditioner or shampoo straight.
Market ing Restraining Factor:
Natural resource depletion
A healthy ecosystem delivers a slew of advantages that serve as the bedrock of human happiness. Plants are a crucial part of this ecosystem because they provide shelter and food, which helps to maintain homeostasis. They also use therapeutic goods like essential oils to help with physiological and psychological well-being. However, this resource is slowly depleting. This could be attributable to population growth and industrialization, both of which have led to deforestation. As the population increases, more trees are cut down to make way for the additional people. "Up to 28,000 species could go extinct in the next quarter-century owing to deforestation," as per The World Counts. Natural disasters have deforested or destroyed 13 million hectares of forest.
Based on Technique, the Market is segmented into Steam Distillation, Carbon Dioxide Distillation, and Cold Press. The Steam Distillation segment acquired the highest revenue share in the cedarwood oil Market in 2021. This is due to the higher use of steam distillation technology for the production of cedarwood oil, which allows for large-scale manufacturing on an industrial scale, as well as peak oil extraction from the raw material & economies of scale.
Based on Industry, the Market is segmented into Spa & Relaxation, Pharmaceuticals, and Others. Pharmaceutical segment procured a substantial revenue share in the cedarwood oil Market in 2021. Various medicinal and physiological benefits connected with cedarwood oil, like anti-inflammatory, antiseptic, anti-fungal, diuretic, and antispasmodic, are expected to increase its use in the pharmaceutical industry soon.
End Use Outlook
Based on End Use, the Market is segmented into Aroma Therapy, Cosmetics & Skincare, Toiletries, and Others. The Cosmetics & Skincare segment garnered a substantial revenue share in 2021. The cedarwood oil's skin benefits, like acne therapy and hair loss treatment, are driving its adoption in the creation of skincare and cosmetic goods all over the world. In addition, a few drops of Cedarwood essential oil can be used as a face toner or moisturizer to help hide skin blemishes.
|Market size value in 2021||USD 309 Million|
|Market size forecast in 2028||USD 481.3 Million|
|Historical Period||2018 to 2020|
|Forecast Period||2022 to 2028|
|Revenue Growth Rate||CAGR of 6.8% from 2022 to 2028|
|Number of Pages||191|
|Number of Tables||360|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Technique, Industry, End Use, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Based on Regions, the Market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America accounted for the maximum revenue share in cedarwood oil Market in 2021. The United States is the world's biggest producer and user of cedarwood oil. Consumer awareness of the availability of cedarwood oil, higher spending on health and wellness, and the increasing prevalence of different skin and mental problems are the primary factors driving the cedarwood oil Market 's rise in the region.
Free Valuable Insights: Global Cedarwood Oil Market size to reach USD 481.3 Million by 2028
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Merck Group (Sigma-Aldrich), Firmenich S.A., Young Living Essential Oils LC, Sva Organics, Venus Enterprises Limited, Foreverest Resources Ltd., Finetech Industry Limited, Rocky Mountain Oils, LLC, Mother Herbs (P) Ltd., and Orchid Chemical Supplies Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Steam Distillation
- Carbon Dioxide Distillation
- Cold Press
- Spa & Relaxation
By End Use
- Aroma Therapy
- Cosmetics & Skincare
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Merck Group (Sigma-Aldrich)
- Firmenich S.A.
- Young Living Essential Oils LC
- Sva Organics
- Venus Enterprises Limited
- Foreverest Resources Ltd.
- Finetech Industry Limited
- Rocky Mountain Oils, LLC
- Mother Herbs (P) Ltd.
- Orchid Chemical Supplies Ltd.
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What would be the size of the cedarwood oil market by 2028?
The cedarwood oil market size is projected to reach USD 481.3 million by 2028.
What are the key driving factors and challenges in the cedarwood oil market?
Sleep and skin health should be prioritized are driving the market in coming years, however, natural resource depletion growth of the market.
What are the major top companies in the competitive landscape?
Merck Group (Sigma-Aldrich), Firmenich S.A., Young Living Essential Oils LC, Sva Organics, Venus Enterprises Limited, Foreverest Resources Ltd., Finetech Industry Limited, Rocky Mountain Oils, LLC, Mother Herbs (P) Ltd., and Orchid Chemical Supplies Ltd.
Which segment shows a high revenue share of the cedarwood oil market in 2021?
The Spa & Relaxation segment acquired the maximum revenue share in the Global Cedarwood Oil Market by Industry in 2021; thereby, achieving a market value of $315.8 million by 2028.
Which segment is leading the market in 2021?
The Aroma Therapy segment is leading the Global Cedarwood Oil Market by End Use in in 2021; thereby, achieving a market value of $181.0 million by 2028.
Which region is fastest growing region in the market?
The North America is the fastest growing region in the Global Cedarwood Oil Market by Region in in 2021, and would continue to be a dominant market till 2028.