Future Market Insights has announced the addition of the “Lavandula Oil (Lavender Oil) Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026" report to their offering.
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3. Lavandula oil is extracted from the lavender flowers scientific known as Lavandula
Angustifolia. Production of lavendula oil requires huge laborious work and help of
distillation process, Lavandula oil (Lavender oil) is extracted. There are different methods
from which this essential oil is extracted such as hydro distillation, steam distillation and
solvent extraction. It is one of the expensive and versatile product among all essential
oils. This product is gaining demand from cosmetic sector as it is used as a fragrance and
in food industry it is used for flavoring purpose. Lavendula oil also has application in
pharmaceutical industry where it is most used for therapies and to cure with other health
diseases like diabetes, cold, cough etc.
Market Dynamics of Lavandula Oil:
Major driver behind increasing demand of lavendula oil in current market scenario is due
to its fragrance and flavored eminence. Nowadays consumers are mostly influenced
towards that product which has natural quality, organic in nature and also good for their
health, due to which it has higher demand among growing economies of world. On the
other side as per the current market trend, lavendula oil is trending in market because of
its wide application in body care and beauty care products. This oil is
mostly used in body creams, lotions, soaps, perfumes and many other cosmetic products.
In addition to this, lavendula oil is also gaining demand from specialty food industry
where consumers preferred to buy food and beverages which are rich in terms of natural
ingredient, natural flavor, taste, aroma etc.
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Market Segmentation of Lavandula Oil:
Lavendula oil market is segmented on two different basis as on the basis of application
and distribution channel. Market segment as per application, it is segmented on the basis
of its application in cosmetic, food and beverage and pharmaceutical. Among these
application segment cosmetic and pharmaceutical segments are expected to contribute
more that 50% market share and expected to grow at higher space. Another segment is
on the basis of distribution channel which includes health and beauty stores, pharmacy
and drug stores, online retailing and other (direct selling) distribution channels. On
analyzing the demand of lavendula oil on pie, it was assessed that cosmetic industry
acquires majority of share in terms of volume followed by the demand of lavendula oil in
food and beverage industry. Primary reason behind its increasing demand of lavendula oil
in global level market is due to its richness in natural quality and organic nature.
Lavendula oil has wide application in products of cosmetic industry such as in perfumes,
skin care, and hair care and in many other beauty care products. Demand of lavendula oil
is also growing from food and beverage and pharmaceutical industry. In food and
beverage industry, lavendula oil has primarily demand as a food flavoring like in dairy
products, tea, culinary herb, jelly etc. and in pharmaceutical industry, lavendula oil is
used for therapies, dermatitis, diabetes, cold, asthma, insect repellant and for many
other purposes.
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5. Regional Outlook of Lavandula Oil Market:
On the basis of regional outlook, lavendula oil market is segmented in seven different
regions of world: America, Latin America, Eastern Europe, Western Europe, and Asia-
Pacific region, Japan and Middle East and Africa. In lavendula oil market, Western Europe
accounts majority of share in terms of volume contribution and from which Bulgaria is
expected to be lucrative market in all over the world in terms of production of lavendula
oil followed by Asia-Pacific region. On the other side, in terms of consumption North
America is expected to be largest consumer of lavendula oil in the world.
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Key Players in Lavandula Oil Market:
Some of the key players operating in lavandula oil market are Young Living Essential
Oils, d?TERRA, NOW Foods, Ovvio Oils, Enio Bonchev, Alteya Group, Alpha Aromatics,
Mother Herbs Private Limited, Sydney Essential Oil Co. Pty Ltd and NHR Organic Oils are
some of the major lavandula oil selling companies.
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