The Europe Patchouli Oil Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 130.6 tonnes, showcasing a growth of 3.0% (2019-2022).
Patchouli-scented candles are popular for their relaxing and grounding aroma. Many people use patchouli candles for aromatherapy, meditation, or to create a calming atmosphere in their homes. Patchouli oil is a staple in aromatherapy because of its believed therapeutic properties. It is often used for relaxation, to relieve stress and anxiety, and to promote emotional balance. It's commonly diffused, added to massage oils, or used in bath products for its calming effects.
Furthermore, patchouli-scented incense sticks and cones are commonly burned in religious and spiritual rituals for their pleasant aroma. The scent is associated with grounding, purification, and relaxation. In traditional medicine systems like Ayurveda and traditional Chinese medicine, patchouli oil has been used for various purposes, such as treating skin conditions, inflammation, and digestive issues. The oil is sometimes used as a natural insect repellent. It can be applied to the skin or used in sprays or diffusers to help keep insects at bay.
With higher disposable income, European individuals and households have more money to spend on various goods and services. The convenience of online shopping has made it easier for Europeans to spend their disposable income. E-commerce platforms like Amazon, Zalando, and ASOS have reported increased sales in the European market. According to the Government of the United Kingdom Office for National Statistics, in 2021, gross disposable household income (GDHI) in the UK grew by 3.6% when compared with 2020. GDHI in Northern Ireland increased by 4.5%, while England, Wales and Scotland reported increases of 3.7%, 2.8% and 2.6%, respectively. Additionally, Germany has seen a rise in disposable income over the years, driven by various factors, including economic growth, wage increases, and government policies. In Germany, the average household net-adjusted disposable income per capita is USD 38 971 yearly, which is more than the OECD average of USD 30 490 yearly. These factors will boost the demand in the Europe region.
The Germany market dominated the Europe Patchouli Oil Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,603.2 Thousands by 2030. The UK market is exhibiting a CAGR of 2.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4% during (2023 - 2030).
Based on Type, the market is segmented into Light and Dark. Based on Application, the market is segmented into Cosmetics & Personal Care, Medicine, Flavorings and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Patchouli Oil Market will Hit $55.1 Million by 2030, at a CAGR of 3.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Takasago International Corporation, Van Aroma, Ultra International B.V., PT Indesso, Symrise AG, Sensient Technologies Corporation, Givaudan S.A, International Flavors & Fragrances, Inc., DSM-Firmenich and NOW Health Group, Inc.
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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