According to a new report, published by KBV research, 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.
The Carbon Dioxide Distillation segment is showcasing a CAGR of 7.4% during (2022 - 2028). When it is about scientifically validated and commercially viable extraction processes, CO2 extraction is regarded as the best of them all. This extraction process uses supercritical carbon dioxide to extract the components of the plants or herbs. CO2 (Carbon Dioxide) is a gas that, unless pressured to a larger level, normally remains in the same gaseous state at room temperature. When CO2 is pressured at room temperature, it becomes a supercritical fluid, which may be used to dissolve natural components in botanical materials like plants and herbs.
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. Cedarwood Essential Oil can be diluted with a carrier oil of choice and massaged into the affected regions to relieve aches, pain, inflammation, and stiffness. This simple massage blend also aids in body cleansing by assisting in the elimination of internal toxins, managing water retention, and increasing regular urination. Regular Cedarwood massages are said to aid in weight loss, tightening loose skin, reducing the appearance of stretch marks, soothing dermatitis and acne, promoting balancing blood pressure, wound healing, easing hypertension, and reducing muscular spasms.
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. Essential oils are volatile liquid compounds derived from aromatic plant matter using various extraction techniques. Changing lifestyles and their repercussions, like sadness and high stress, have led to an increase in demand for aromatherapy, as well as rising disposable budgets. Natural plant sources, like flowers, herbs, and trees, are used to extract the oils. Jasmine oil, tea tree oil, lavender oil, and rosemary oil are some of the essential oils used in aromatherapy. Massage therapy, topical care, and acupuncture all employ these oils.
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; thereby, achieving a market value of $180.6 million by 2028. The Europe market is estimated to witness a CAGR of 6.4% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 7.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cedarwood-oil-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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