The global patchouli oil market is predicted to register a CAGR of 3% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to grow from US$ 75.3 million in 2023 to US$ 101.4 million by 2033 end.
The rising application of patchouli oil for skin health in cosmetics and personal care sector is projected to boost the market growth. Patchouli oil is known for its usage in skin cell regeneration. The essential oil has a significant role in fighting off germs and bacteria that eventually lead to acne, pimples, and other skin infections. As a result, the rising concerns for looks and appearance among the masses, especially females, is projected to have a positive effect on patchouli oil market.
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The extensive usage of patchouli essential oil to kill multiple types of insects, such as house flies, mosquitoes, ants, and fleas, etc., is expected to support market growth over the forecast period. Additionally, the product, owing to its strong aphrodisiac properties, is prescribed to treat impotency and boost libido. The aromatic oil also finds application in shampoos, deodorants, oils, liniments, topical creams, and clothing detergents, among others, due to its stimulating earthy aroma.
Key Highlights of the Patchouli Oil Market:
- The United States market is projected to lead in the forthcoming years as well. By 2033, the market is estimated to attain US$ 22 million, expanding at a CAGR of 2.6%.
- India is expected to hold a significant market share in Asia Pacific region, reaching a market valuation of US$ 9 million by the end of the analysis period. From 2023 to 2033, the market is expected to record a CAGR of 2.6%.
- China patchouli oil industry is expected to grow at a rapid pace, exhibiting a CAGR of 4.1% over the forecast period. By the end of 2033, the market is projected to reach US$ 6.7 million.
- In Europe region,, Germany is assessed to be a significant market for patchouli oil. The market is slated to reach US$ 6.3 million by 2033, registering a CAGR of 2.5% in the next 10 years.
- The United Kingdom market is expected to reach US$ 4.1 million by 2033, exhibiting a 2.6% CAGR in the meantime.
- Rising demand for conventional patchouli oil due to its affordability and easy availability is projected to boost the segment growth. The segment is predicted to expand at a CAGR of 2.8% over the forecast period.
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New Developments in the Field of Cosmetics and Personal Care to Boost the Demand for Patchouli Oil:
- With the launch of 82°E, a skincare and wellness brand, founded by Deepika Padukone and Jigar K Shah, the actress has ventured into beauty and skincare segment. The brand, in November 2022, introduced Patchouli Glow Sunscreen containing SPF 40, and Ashwagandha Bounce, which is a revitalizing moisturizer.
- In March 2022, Givaudan Active Beauty introduced Patchoul’Up™, which is a 100% upcycled active ingredient for scalp and hair. The product helps in eliminating dry flakes, normalizing scalp microbiome, and rebalancing sebum production for overall well-being.
Global Patchouli Oil Market Segmentation
Analysis by Product Type:
- Light Patchouli Oil
- Dark Patchouli Oil
Analysis by NatureL:
- Organic
- Conventional
Analysis by Extraction Process:
- Steam Distillation
- Hydro Distillation
Analysis by End Use:
- Cosmetics and Personal Care
- Hair Care
- Skin Care
- Perfumes and Fragrances
- Aromatherapy
- Food and Beverage Industry
- Pharmaceuticals
- Others
Analysis by Distribution Channel:
- Direct
- Indirect
- Specialty Stores
- Drug Stores
- E-Retail
Analysis by Function:
- Anti-inflammatory
- Anti-depressant
- Flavoring Agent
- Mood-harmonizer
- Deodorizing
- Others
Analysis by Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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