Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Eucalyptus Oil Market size is expected to reach $213.4 million by 2028, rising at a market growth of 6.7% CAGR during the forecast period.
The Conventional segment acquired the maximum revenue share in the Global Eucalyptus Oil Market by Nature in 2021, thereby, achieving a market value of $127.0 million by 2028. Eucalyptus is the second most often planted multifunctional woody tree in the world. For the paper and timber sectors, it is a significant hardwood tree. Traditional eucalyptus plantations use pesticides and fertilizers, resulting in high production and availability of the product on the market. Furthermore, as the use of eucalyptus in numerous industries expands, so does market demand, demanding rapid product availability, causing the conventional segment of the industry to grow.
The Aromatherapy segment is showcasing a CAGR of 7.2% during (2022 - 2028). The refreshing aroma of Eucalyptus Essential Oil is used in aromatherapy. It has proven to reduce mental weariness by increasing brain circulation, therefore invigorating the intellect and revitalizing the spirit. The increasing stress over population would propel the growth of the aromatherapy treatments.
The Hypermarkets/Supermarkets segment is leading the Global Eucalyptus Oil Market by Distribution Channel in 2021; thereby, achieving a market value of $77.8 million by 2028. This is because Hypermarkets/supermarkets allow customers to shop for a variety of items all in one location. Customers asset from hypermarkets/supermarkets because they have a large selection of products, product discounts, salesperson assistance, and quick checkouts. In the long run, advantages are expected to promote hypermarket/supermarket growth.
North America is the fastest growing region in the Global Eucalyptus Oil Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $78.9 million by 2028. The Europe market is estimated to witness a CAGR of 6.2% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 7.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/eucalyptus-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 doTERRA International LLC, NHR Organic Oils, Plant Therapy Essential Oils, Biolandes SAS, Emu Ridge Eucalyptus Pty Ltd., Sensient Technologies Corporation, NOW Foods, Inc., Symrise AG, Integria Healthcare (Australia) Pty Ltd., and Young Living Essential Oils LLC.
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