Marigold essential oil is a natural oil extracted from marigold flowers. It has a sweet, fruity, wild and citrus-like smell, and is yellow to reddish in colour. Concentrated marigold essential oil is predominantly used in aromatherapy for the treatment of numerous problems. It is also used in cosmetics.
Marigold essential oil blends well with several other essential oils, which include geranium, cedarwood, nutmeg and clary sage oil. Marigold essential oil is widely used for massage as well as for the preparation of lotions, creams and scarring formulas. Increase in the demand for aromatherapy, as well as the growing demand for flavours and fragrances in the food & beverages industry and personal care industry, is likely to drive the marigold essential oil market in the years to come. Moreover, growth in the number of producers of marigold oil has also increased production, which is also expected to boost he market.
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Increasing Interest in Aromatherapy is Boosting the Marigold Essential Oil Market:
Marigold essential oil has properties such as anti-inflammatory, antifungal and antibacterial, owing to which it is useful for curing wounds, eczema, diaper rash, skin treatment, the treatment of psoriasis, as well as for better skin. Hence, the extensive range of uses of marigold essential oil is among the factors boosting the market. Marigold essential oil has almost no side-effects as compared to most of the conventional drugs and medicines, owing to which an increase in its consumption has been observed over the past few years.
Increase in the demand for natural personal care products and pleasing aromatic cleaning agents is another driver of the marigold essential oil market. Comprehensive R&D and technological advancements in the abstraction processes of marigold essential oil are likely to contribute to market growth. Furthermore, the numerous health benefits of marigold essential oil are expected to drive the demand for this product in aromatherapy applications.
Global Marigold Essential Oil Market: Key Players
Some of the key players operating in the global marigold essential oil market are Bianca Rosa, Biofinest, AAURA ENTERPRISES, Jiangxi Yisenyuan Plant Spices Co., Ltd., SALVE PHARMACEUTICALS PRIVATE LIMITED, Xi’an Sonwu Biotech Co., Ltd., IL HEALTH & BEAUTY NATURAL OILS CO., INC., Candle Sand Supplies, Young Living Essential Oils, SALVIA, Miracle Botanicals, Healing Solutions, Mountain Rose, Inc., Sydney Essential Oil Co., Amrita Aromatherapy and Stillpoint Aromatics.
Key Developments across the Globe:
Marigold essential oil has attracted keen interest from the international market mainly due to its aromatic properties. An increasing number of new vendors are emerging in the market. For instance, in July 2017, Keihl, an American merchant of premium skin care and cosmetics, added a new product to its popular calendula line – a gel mask for soothing and refreshing the skin. Calendula is a genus of marigold flower, native to south-western Asia, Western Europe, Macaronesia and the Mediterranean.
Opportunities for Market Participants
The marigold flower grows in abundance in North America and Latin America, as it is native to these regions. Thus, the prospect for growth in these regions is quite significant for the marigold essential oil market. Large-scale manufacturers dominate the market and the local players of American countries can start offering marigold essential oil at relatively low prices to make their mark in the market. Marigold essential oil will continue to be in high demand due to the growth perceived in developing economies and the rising interest in natural products in western markets. Spa and relaxation is one of the significant applications that hold a large share in the marigold essential oil market.
Brief Approach to Research
The analysis will be done a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the product, end use, and applications of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with the supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, and consolidated & synthesised at a global level to estimate the overall market sizes.
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Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the marigold essential oil market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges and trends
- Detailed value chain analysis of the market
- Cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this market
Global Marigold Essential Oil: Market Segmentation
On the basis of product type, the global marigold essential oil market has been segmented as –
- Tagetes
- Calendula
On the basis of application, the global marigold essential oil market has been segmented as –
- Emollients
- Anointing
- Baby Care
- Pharmaceuticals & Personal Care
- Cosmetics
- Aromatherapy
- Tobacco Flavouring
- Chicken Feed
On the basis of distribution channel, the global marigold essential oil market has been segmented as –
- Direct Sales
- Indirect Sales
- Supermarket/Hypermarket
- Online Stores
- Retail Stores
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