Modernizing lifestyles are driving the growth of Saudi Arabia Essential Oils Market, in the forecast period, 2022-2026F.
According to TechSci report on, “Saudi Arabia Essential Oils Market By Product Type (Orange, Eucalyptus, Peppermint, Lemon, Citronella & Others) By Application (Medical, Food & Beverages, SPA & Relaxation, Cleaning & Home) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia essential oils market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia essential oils market owes its growth to the factors like surge in the demand of the essential oils as a treatment for medical ailments like stress, anxiety, chronic pain, breathing problems, cough and cold, etc. Moreover, more consumers are getting aware about the health benefits of essential oils and that is upsurging the demand for essential oils in the market and thus supporting the growth of the Saudi Arabia essential oils market in the upcoming five years. Essential oils are massively employed in aromatherapy. With the utilization of oil diffusers, the essential oils are in demand. Furthermore, evolving lifestyle of consumers is also aiding the growth of the market in the next five years.
Essential oils are the oil extracts that is recovered by a complex procedure of distillation from plant extracts. Aromatherapy is a major field that utilizes essential oils to therapize patients suffering from insomnia, stress, anxiety, etc. Although the market is registering a consistent growth, the market may observe a mild restraint due to lack of manufacturers in the country. Market players entering the market would probably have room to establish their own brand with wider range in the product line.
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The Saudi Arabia essential oils market is segmented by product type, application, competitional landscape, and regional distribution. Based on application, the market is further divided into medical, food & beverages, spa & relaxation, cleaning & home. Medical applications are anticipated to hold the largest revenue shares of the market and assert its dominance over the market segment in the upcoming five years on the account of advantages of the essential oils in the treatment for various ailments. Eucalyptus essential oil is extracted from eucalyptus plant extracts and has proven effects on cough, sooth cold sores, wound disinfection, controlling blood sugar, etc. Peppermint essential oils are specifically used for topical uses such as headaches, muscle aches, joint pains, and itching. Citronella essential oils have health benefits such as to expel worms or other parasites from the intestines. Moreover, the rising popularity of aromatherapy among the consumers and practitioners is also aiding the growth of the market in the next five years. Aromatherapy has also increased consumers’ spa visits and with the rising disposable income the application is expected to experience significant growth in the next five years. Cosmetics, food & beverages industry are also utilizing essential oils in their final products. Beauty products with benefits of essential oil are popular among the female consumers of the country and further supporting thew growth of Saudi Arabia essential oils market in the future five years of forecast.
A partial list of market player in the Saudi Arabia essential oils market includes, Kelvin Natural Mint Pvt. Ltd., Kshrey Inc. (Supplier), AJWA Group for Food Industries, Cargill Saudi Arabia (Supplier), among others. New market players may work on the wider range of essential oils and satisfy the consumer demand. The Kingdom of Saudi Arabia is a land of aromatic products and perfumes. Usage of essential oil for the aroma therapy is gaining popularity though the awareness about the product range is still has room for improvements. Other competitive strategies include mergers & acquisitions and new product developments.
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“With the rise in the demand of organic products in every field, the Kingdom of Saudi Arabia market may see an exponential growth in the essential oil demand in the future. The country has barely enough manufacturers of the same, that may prove to be a beneficial aspect for the new market players entering or planning to enter the market in recent future. Moreover, the country has easier regulations and policies for the essential oils currently therefore global market players may have enough product range to start off in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Essential Oils Market By Product Type (Orange, Eucalyptus, Peppermint, Lemon, Citronella & Others) By Application (Medical, Food & Beverages, SPA & Relaxation, Cleaning & Home) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia Essential Oils market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Essential Oils market.
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