Patchouli Oil to Attain Market Valuation of US$ 86.6 Mn by 2028
The global patchouli oil market is forecasted to grow at a steady pace through the forecast period (2018 to 2018), according to a new market study by XploreMR. Factors such as rising awareness among the millennial population regarding clean name products and a shift in food and beverages and consumer products sectors towards natural ingredients are acting as major growth attributes to the global patchouli oil market.
Furthermore, manufacturers of perfumes are working on providing revenue prospects to the patchouli plant in Indonesia, and different advantages to the agriculturists developing it, to prevent them from moving to a different crop due to price fluctuations. Moreover, owing to the increased utilization of natural components in the F&B industry, the demand for patchouli oil has surged in the recent past. Along similar lines, natural components are tenderly catching the zeitgeist and picking up footing over manufactured atoms that have overwhelmed for quite a long time.
The market has advanced into a greener age, where supportable assets are fundamental components, and is the new pattern. On the back of these facets, the market is poised to reach a global valuation of US$ 86.6 Mn by the end of 2028, progressing at a modest CAGR of 2.8% during the assessment period.
Growing Demand for Clean Label in Consumer Products Promises Healthy Growth
In the recent past, the demand for clean label products among millennials has witnessed significant uptick and consumers are seeking trustable goods. To cater to the consumer requirement, manufacturers in the F&B and consumer products landscape are incorporating organic and natural ingredients to enhance the quality of the produced goods. On this premise, the usage of essential oils has propelled the demand for patchouli oils.
Moreover, the medicinal properties of these oils ensure that they can be included on labels, thereby increasing the overall value of the product. Besides, this enables manufacturers to experiment with the pricing of the goods that include patchouli oil. On these lines, patchouli oil is finding significant adoption in the perfumery, medicine, and flavorings, which will continue to drive the market on a positive growth trajectory.
Healthy Adoption in Perfumery and Pharmaceuticals Sector Bolsters Growth
Patchouli oil is extracted from the leaves of the patchouli plant, mostly found in South Asia, using steam distillation or hydro distillation. The oil inherits rich natural fragrance and can blend with many other essential oils, adding a rich and long-lasting aroma to the final product. On the back of its blending nature, patchouli oil is used in many designed fragrances.
Based on the type of equipment used for the extraction procedure, patchouli oil is bifurcated into light patchouli oil and dark patchouli oil, with both the segments holding near-equal shares. Based on the grades of patchouli oil produced, the end-use in which it is utilized is identified. Patchouli oil is majorly used in the perfumery, pharmaceuticals, home care products, and for aromatherapy. Recently, the oil has been gaining traction in cosmeceuticals owing to its medicinal properties.
Competitive Landscape of Patchouli Oil Market
The production of patchouli oil is concentrated in Asia Pacific regions such as Indonesia, India, China, Taiwan, Malaysia, etc., and the region represents the majority of the market share on this premise. As the market players rely on exports, they require agents to act as a bridge between the buyer and seller. On this premise, a few companies stay ahead of the competition by entering direct partnerships with these local companies that produce patchouli oil. Few organizations such as Givaudan, Takasago International Corporation, and Ultra International B.V. have a joint partnership and a significant global presence.
Key players studied in the report include Berjé Inc., Eastern Agencies Aromatics Pvt. Ltd., Givaudan SA, Firmenich S.A., Nusaroma PT, Pt Indesso Aroma, Takasago International Corporation, PT Mitra Ayu Adi Pratama, PT Aroma Essence Prima, and Ultra International B.V., among other patchouli oil manufacturers.
XploreMR has compiled a study on patchouli oil, which offers an analysis and forecast of the patchouli oil market in its publication titled, 'Patchouli Oil Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028. This report on the patchouli oil market covers some of the vital facets that are key influencing factors on the demand and supply of patchouli oil over the next several years. An in-depth review of the growth drivers, potential challenges, unique trends, and opportunities for market participants equip readers to fully comprehend the overall landscape of the patchouli oil market. The report on the patchouli oil market also covers the analysis of key regions and countries of particular interest that are anticipated to become frontrunners or remain laggards over the forecast period. The report covers a historical analysis of the market from 2013 to 2017, and provides forecasts from 2018 to 2028 in terms of volume in metric tons and revenue in US$.
Patchouli oil is an essential oil that is extracted from the patchouli plant. Patchouli oil has patchoulol (patchouli alcohol), α-bulnesene, and α-guaiene as the main components. The patchoulol content in the patchouli oil between is 28-32%, and is termed as an appropriate oil that can be used in end-use industries. The patchouli plant is mostly grown in Indonesia, and is nowadays also being cultivated in the regions of India, China, Malaysia, Singapore, etc. It has long been used as a traditional medicine in Asia, especially in Japan, China, and Malaysia. Patchouli oil is mainly used in perfumery and cosmetics. It is also used in pharmaceuticals due to its various health benefits. The home care products in which patchouli oil is used are air fresheners, laundry detergents, and paper towels.
This report on patchouli oil market has been broken down into different chapters to enhance clarity and provide context. A brief executive summary at the beginning of the report consists of some of the key findings of the study on the patchouli oil market, as well as market estimates and growth rates for important segments. The following chapter presents the definitions and scope of the study, as well as the coverage in terms of the way the patchouli oil market is structured. Subsequently, the chapter on market background presents the evolution of patchouli oil, relevant economic indicators such as GDP, and per capita spending, including an assessment of the supply chain, policy developments and regulatory scenario, and dynamics impacting the patchouli oil market, as well as an explanation of the factors considered important to develop forecasts and estimates. The report on the patchouli oil market also includes a chapter on pricing analysis, highlighting price point variations between different regions and products, including pricing forecasts. The following chapters dive deep into the global patchouli oil market, covering detailed information based on grade, nature, end use, packaging, and sales channel. The next set of chapters provide region-wise analysis and forecasts of the patchouli oil market, covering vital aspects of the market in North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, India, and the Middle East & Africa.
A dashboard view of some of the key companies operating in the patchouli oil market in terms of their offerings, regional presence, and other metrics is a precursor to the detailed profiles of these participants, including financial information, strategy overview, and SWOT analysis, and market share, as well as analyst commentary. Some of the key players analyzed in the patchouli oil market report include Ultra International B.V., Givaudan SA, Pt Indesso Aroma, Berjé Inc., Takasago International Corporation, Firmenich S.A., PT Mitra Ayu Adi Pratama, PT Aroma Essence Prima, Nusaroma PT, and Eastern Agencies Aromatics Pvt. Ltd.
To develop the market estimates for patchouli oil, the overall production of patchouli plants in different regions and the patchouli leaves obtained from these plants have been taken into account. The amount of oil extracted from the leaves in terms of yield through different extraction methods have been considered. Once the overall production of patchouli oil is deduced, this is cross-referenced with imports by major consuming countries. The prices of patchouli oil have been obtained from manufacturers, distributors, and wholesalers for bulk quantities at a country level.
Our team of analysts reviews and interprets data from a variety of sources. Data attributed to ‘XploreMR’ is derived by using a combination of various approaches, which are then consolidated, interpreted, and extrapolated by XploreMR analysts. Data is sourced from government statistics, trade associations, company annual reports and investor presentations, press articles and directories, technical publications, and online databases, which are cross-referenced with XploreMR’s reports and internal repository of data to filter and validate the collected information. Intelligence gathered from desk research is supplemented by extensive interviews with selected key expert participants across the value chain, not only to gain information specific to their role and operations but also to obtain their perspective and insights of the issues impacting the patchouli oil market.
Global Patchouli Oil Market: Segmentation
Analysis by Product Type
- Light Patchouli Oil
- Dark Patchouli Oil
Analysis by Nature
Analysis by Extraction Process
- Steam Distillation
- Hydro Distillation
Analysis by End Use
- Cosmetics and Personal Care
- Hair Care
- Skin Care
- Perfumes and Fragrances
- Food and Beverages
- Others (Detergents, Household Cleaning, Insect Repellents)
Analysis by Function
- Flavoring Agent
- Mood Harmonizer
Analysis by Distribution Channel
- Direct Sales
- Indirect Sales
- Specialty Stores
- Drug Stores
Analysis by Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
Patchouli Oil Market: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)Buy Now
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