A sluggish expansion has been estimated for the global eucalyptus oil market over the forecast period 2017 to 2022. Global sales of eucalyptus oil are estimated to account for US$ 900 Mn revenues by 2022-end.
Over the past few years, eucalyptus oil is being adopted for aromatherapy applications, coupled with surging demand form food & beverage, and personal care products. Consumer preferences have been inclining towards naturally derived essential oils, such as eucalyptus oil, which in turn has compelled the manufacturers to develop innovative applications in personal care products.
The eucalyptus oil has been discerned to overcome side-effects pertaining to conventional medicines and drugs. Eucalyptus oil’s antiseptic properties have driven its adoption in pharmaceutical products as well as medicinal supplements, helping individuals with respiratory problems, and high blood pressure. The aforementioned factors will sustain the growth of the market throughout the forecast period.
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An incredibly large amount of eucalyptus leaves are needed for producing just a single ounce of oil. In addition, manufacturers as well as consumers are increasingly getting concerned about the resource depletion. The global eucalyptus oil market is highly concentrated, wherein new market entrants face barriers created by leading players. Eucalyptus oil production necessitates heavy investments for advanced equipment.
Global leaders in the eucalyptus oil market are now emphasizing on overcoming the challenges such as certification by government, and high capital investments, which stand as prominent impeding factors for the market growth.
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