USD 73 million
Patchouli Oil Market Size, Share, Growth Analysis, By Type(Light Patchouli Oil, and Dark Patchouli Oil), By Nature(Organic, and Conventional), By End Use(Cosmetics and Personal Care, Aromatherapy, Food & Beverage Industry, Pharmaceuticals), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2207 |
Region:
Global |
Published Date: May, 2024
Pages:
217
|Tables:
90
|Figures:
71
Patchouli Oil Market Insights
Global Patchouli Oil Market size was valued at USD 73 million in 2022 and is poised to grow from USD 75.19 million in 2023 to USD 95.25 million by 2031, growing at a CAGR of 3% in the forecast period (2024-2031).
Patchouli oil is essential and extracted from the patchouli plant leaves. China, Japan, Indonesia, and Madagascar are key countries where patchouli is highly popular. Patchouli oil has been used as a fragrance and complementary medicine in different parts of the world by different cultures. Growing preference for natural fragrances and increasing adoption of alternative medicine around the world are estimated to bolster the sales of patchouli oil in the future. The increasing popularity of aromatherapy and the growing use of natural essential oils in different applications is also forecasted to augment the demand for patchouli oil over the coming years. However, price volatility and quality concerns are estimated to be the key restraints for the overall patchouli oil market development across the forecast period. North America is slated to hold a dominant stance on the global patchouli oil marketplace through 2031.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Conventional
Fastest Growth
Organic
Growth Rate
3% CAGR
Global Patchouli Oil Market ($ Bn)
Country Share for North America Region (%)
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Patchouli Oil Market Segmental Analysis
The global patchouli oil market is segmented based on type, nature, end use, and region. In terms of type, the market is segmented into light patchouli oil and dark patchouli oil. In terms of end use, the market is segmented into cosmetics and personal care, aromatherapy, food & beverage industry, pharmaceuticals, and others. Based on nature, the market is bifurcated into organic and conventional. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Nature
Conventional patchouli oil accounts for a major share of the global patchouli oil market. Cost-effective nature and same characteristics of organic patchouli oil allow this segment to hold prominence over others. Easy availability of conventional patchouli oil also contributes to the high market share of this segment.
On the other hand, the demand for organic patchouli oil is projected to increase at a rapid pace over the coming years. High emphasis on clean-label ingredients and growing awareness regarding benefits of natural products are also slated to boost the demand for organic patchouli oil in the future.
Global Patchouli Oil Market By Nature
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Patchouli Oil Market Regional Insights
North America is slated to account for major patchouli oil demand on a global level at present. The growing popularity of essential oils in aromatherapy and high adoption of natural oils in different products are slated to help this region maintain its dominance in the global marketplace. The United States and Canada are estimated to be the top markets for patchouli oil suppliers looking to make a mark in the North American region. High demand for organic cosmetics, beauty products, and perfumes is another trend that will help patchouli oil demand in this region.
Growing inclination of consumers towards clean-label products is a key trend that allows Asia Pacific to become the fastest-growing market for patchouli oil companies in the world. Abundance of patchouli in China and Japan is a key factor that makes Asia Pacific a highly rewarding region for patchouli oil companies operating in this region. Moreover, growing use of patchouli oil in alternative medicine and aromatherapy is also slated to create new opportunities for patchouli oil companies going forward.
Global Patchouli Oil Market By Region
- Largest
- Fastest
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Patchouli Oil Market Dynamics
Drivers
High Use in Fragrance Industry
- Demand for natural fragrances in the perfume and fragrance industry is projected to bolster the sales of patchouli oil over the coming years. High use of patchouli oil in preparation of different natural fragrances is slated to bolster market growth going forward.
Rising Popularity of Aromatherapy
- Aromatherapy is being used by many people around the world to promote general wellbeing and the growing popularity of this practice is also estimated to favor the demand for patchouli oil in the future.
Restraints
Price Volatility
- Production and supply of patchouli oil is dependent on certain regions of the world and even the slightest change in supply from these countries could result in a major surge or drop in prices of the product, which could impede market development.
Quality Control
- Limited supply of patchouli oil makes quality control a pressing concern for genuine patchouli oil suppliers as there are a lot of counterfeit product suppliers that could hurt the overall patchouli oil market growth.
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Patchouli Oil Market Competitive Landscape
Patchouli oil market has a limited competitive landscape with companies being specific to only regions and countries where patchouli oil can be found naturally. Market players that collaborate with these regional and local producers of patchouli oil can thrive and maximize their global market share and revenue generation. Partnerships, collaborations, and mergers are slated to be top strategies for any company looking to make a mark in this industry.
Top Player’s Company Profiles
- BERJÉ INC
- Symrise AG
- Takasago International Corporation
- Eastern Agencies Aromatics Pvt. Ltd.
- Givaudan S.A.
- Firmenich S.A.
- Nusaroma PT
- PT Indesso Aroma
- DSM-Firmenich
- NOW Health Group Inc.
- PT Mitra Ayu Adi Pratama
- Djasula Wangi PT
- Ultra International B.V.
- Van Aroma
- Sensient Technologies Corporation
Patchouli Oil Key Market Trends
- Sustainable Production and Sourcing: Patchouli oil manufacturers and suppliers need to opt for sustainable production and sourcing methods to maximize their sales and satisfy the demand from eco-conscious consumers around the world. Moreover, companies can advertise and market their product as eco-friendly and maximize their product reach and sales in the long run.
Patchouli Oil Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, high preference for clean-label ingredients and growing popularity of aromatherapy are predicted to be key prospects driving up the demand for patchouli oil. However, price livability and quality concerns are estimated to remain key restraints for the overall patchouli oil market growth in the long run. The presence of key patchouli producing countries and evolving consumer preferences allow the Asia Pacific region to become the fastest-expanding regional market in the world. Patchouli oil market players should opt for sustainable sourcing and production practices to maximize their sales and revenue generation potential in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 73 million |
| Market size value in 2031 | USD 95.25 million |
| Growth Rate | 3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Patchouli Oil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Patchouli Oil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Patchouli Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patchouli Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patchouli Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patchouli Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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