The North America Cedarwood Oil Market would witness Market growth of 6.1% CAGR during the forecast period (2022-2028).
Cedarwood oil is thought to be helpful in the treatment of dermatological or skin-related issues like acne and hair loss. Hair loss is caused by the disease alopecia areata. According to a study published in the Archives of Dermatology, cedarwood oil is useful and effective in the treatment of hair loss. It also treats eczema and dandruff on the scalp. Furthermore, cedarwood oil's anti-inflammatory and antimicrobial characteristics make it an efficient acne treatment. These advantages are projected to increase demand among young adults who are much more concerned about their looks and spend much on grooming items. As a result, rising demand for cedarwood oil in the skincare and cosmetics, as well as pharmaceutical industries, is expected to drive the cedarwood oil Market forward.
The use of cedarwood oil in the spa and relaxation industry is expected to increase due to the increased prevalence of depression. Consumer spending on well-being and mental health is driving the demand for the cedarwood oil Market since cedarwood oil can help with anxiety, stress, and depression.
North American population are gradually realizing the importance of using cedarwood oils and other essential oils and incorporating its usage in their routine life, and the population is responding positively to such new natural Market product. There are numerous uses for Virginia cedarwood oil, including massage oil, shampoo for people and animals, insect repellents, and more. All of these advantages support the growth of the cedarwood oil Market .
Juniperus ashei or mexicana (Texas cedar), Juniperus virginiana (Eastern red cedar or Virginia cedar), and Thuja plicata are the principal sources of cedarwood oil in the United States (Western red cedar). Western red cedar is the least popular of the three, as per the United Nations' Food and Agriculture Organization (FAO). The US Food and Drug Administration (FDA) considers terpenes and cedarwood oil alcohols to be Generally Recognized as Safe (GRAS) food additives (GRAS). Flavouring agents, flavour enhancers, and adjuvants are all examples of food additives.
The US Market dominated the North America Cedarwood Oil Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $130.3 million by 2028. The Canada Market is estimated to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico Market would exhibit a CAGR of 7.6% during (2022 - 2028).
Based on Technique, the Market is segmented into Steam Distillation, Carbon Dioxide Distillation, and Cold Press. Based on Industry, the Market is segmented into Spa & Relaxation, Pharmaceuticals, and Others. Based on End Use, the Market is segmented into Aroma Therapy, Cosmetics & Skincare, Toiletries, and Others. Based on countries, the Market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cedarwood Oil Market is Estimated to reach $481.3 Million by 2028, at a CAGR of 6.8%
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
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