Market Overview:
The global fir essential oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Fir essential oil is used in various applications such as pharmaceutical, personal care, cosmetic and food applications. The growth of the global fir essential oil market can be attributed to the increasing demand for natural ingredients in various end-use industries. Additionally, rising awareness about the benefits of using natural ingredients is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On basis on type, medical grade segment accounted for majority share in 2017 and it is projected to grow at highest CAGR over next 10 years owing growing application areas such as respiratory problems and infections etcetera .Whereas Cosmetic Grade segment would witness fastest growth due high adoption by end users for application such as skin care products ,fragrances etcetera . Some Of The Major Players Operating In Global Fir Essential Oil Market Are Young Living Essential Oils LC (US), doTERRA International LLC (US), Rocky Mountain Oils LLC (US), Plant Therapy Inc.
Product Definition:
Fir essential oil is obtained from the needles and cones of the fir tree by steam distillation. It has a sweet, woody, evergreen aroma. Fir oil is used in aromatherapy for respiratory problems, as a diuretic, and to improve circulation.
Medical Grade:
Medical-grade essential oil is a specific type of essential oil that has been extensively used in medical and healthcare applications. These oils are extracted from plants, specifically from the leaves, stem cells or roots of those plants using extremely high-quality processes. The extraction process is very similar to the one followed for culinary use but with more stringent quality checks and controls to ensure maximum purity and effectiveness.
Cosmetic Grade:
Cosmetic grade essential oil is the purest form of essential oil. It has no additives and chemicals mixed in it. The cosmetic grade oils are used for various personal care products such as skin, hair, and bath products among others. They have a very light fragrance like fresh cut grass or clean air which makes them suitable for use in cosmetics along with aromatherapy purposes.
Application Insights:
The pharmaceutical segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. Fir essential oil is used as an antidiabetic, antioxidant, sedative and analgesic in pharmaceutical formulations. The personal care segment also accounted for a significant revenue share in 2017 owing to increasing use of essential oils in various personal care products such as soaps, shampoos, perfumes and deodorants among others.
Fir tree is one of the most important species that provides essential oil; therefore it has become a popular raw material among other plants due to its strong scent which attracts insects that help plant pollination. Therefore this species has been widely used throughout history by different cultures around the world including Egyptians (25th dynasty), Greeks (Hellenic civilization) Romans (Ancient Rome) Chinese (Han Dynasty), Hebrews/Jews/Christians Arabs etc., for various purposes such as religious ceremonies, cosmetics application during weddings & festivals etc.
Regional Analysis:
North America was the largest market for the product and accounted for a share of more than 30.0% in 2017. The region is expected to witness steady growth over the forecast period owing to increasing awareness regarding Fir essential oil benefits, such as anti-aging properties and ability to reduce puffiness under eyes, among consumers in U.S., Canada, and Mexico.
Asia Pacific is projected to be one of the fastest-growing regions during 2018 - 2030 due to high consumer awareness about various health benefits associated with Fir essential oil such as anti-inflammatory property that reduces swelling & irritation caused by insect bites & stings; antimicrobial properties that acts against bacteria & viruses; wound healing abilities; etc.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the benefits of essential oils
- Growing popularity of aromatherapy and other forms of holistic healing
- Proliferation of online retail channels that sell essential oils
- Increased focus on wellness and self-care
Scope Of The Report
Report Attributes
Report Details
Report Title
Fir Essential Oil Market Research Report
By Type
Medical Grade, Cosmetic Grade, Food Grade
By Application
Pharmaceutical, Personal Care, Cosmetic, Food
By Companies
Aromaland, Floracopeia, Mountain Rose Herbs, NOW Foods, Florame, SVA Organics, Plant Therapy Essential Oils, A. G. Industries, Paras Perfumers, Alambika, Vivasan, Jiangxi Baicao Pharmaceutical, Jiangxi Global Natural Spice
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Fir Essential Oil Market Report Segments:
The global Fir Essential Oil market is segmented on the basis of:
Types
Medical Grade, Cosmetic Grade, Food Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Personal Care, Cosmetic, Food
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aromaland
- Floracopeia
- Mountain Rose Herbs
- NOW Foods
- Florame
- SVA Organics
- Plant Therapy Essential Oils
- A. G. Industries
- Paras Perfumers
- Alambika
- Vivasan
- Jiangxi Baicao Pharmaceutical
- Jiangxi Global Natural Spice
Highlights of The Fir Essential Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Medical Grade
- Cosmetic Grade
- Food Grade
- By Application:
- Pharmaceutical
- Personal Care
- Cosmetic
- Food
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fir Essential Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fir essential oil is a light, refreshing scent with a woodsy undertone. It is used to promote relaxation and can be helpful in treating anxiety and stress.
Some of the major players in the fir essential oil market are Aromaland, Floracopeia, Mountain Rose Herbs, NOW Foods, Florame, SVA Organics, Plant Therapy Essential Oils, A. G. Industries, Paras Perfumers, Alambika, Vivasan, Jiangxi Baicao Pharmaceutical, Jiangxi Global Natural Spice.
The fir essential oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fir Essential Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fir Essential Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fir Essential Oil Market - Supply Chain
4.5. Global Fir Essential Oil Market Forecast
4.5.1. Fir Essential Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fir Essential Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fir Essential Oil Market Absolute $ Opportunity
5. Global Fir Essential Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fir Essential Oil Market Size and Volume Forecast by Type
5.3.1. Medical Grade
5.3.2. Cosmetic Grade
5.3.3. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fir Essential Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fir Essential Oil Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical
6.3.2. Personal Care
6.3.3. Cosmetic
6.3.4. Food
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fir Essential Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fir Essential Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fir Essential Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fir Essential Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fir Essential Oil Demand Share Forecast, 2019-2026
9. North America Fir Essential Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fir Essential Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fir Essential Oil Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical
9.4.2. Personal Care
9.4.3. Cosmetic
9.4.4. Food
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fir Essential Oil Market Size and Volume Forecast by Type
9.7.1. Medical Grade
9.7.2. Cosmetic Grade
9.7.3. Food Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fir Essential Oil Demand Share Forecast, 2019-2026
10. Latin America Fir Essential Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fir Essential Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fir Essential Oil Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical
10.4.2. Personal Care
10.4.3. Cosmetic
10.4.4. Food
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fir Essential Oil Market Size and Volume Forecast by Type
10.7.1. Medical Grade
10.7.2. Cosmetic Grade
10.7.3. Food Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fir Essential Oil Demand Share Forecast, 2019-2026
11. Europe Fir Essential Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fir Essential Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fir Essential Oil Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical
11.4.2. Personal Care
11.4.3. Cosmetic
11.4.4. Food
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fir Essential Oil Market Size and Volume Forecast by Type
11.7.1. Medical Grade
11.7.2. Cosmetic Grade
11.7.3. Food Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fir Essential Oil Demand Share, 2019-2026
12. Asia Pacific Fir Essential Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fir Essential Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fir Essential Oil Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical
12.4.2. Personal Care
12.4.3. Cosmetic
12.4.4. Food
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fir Essential Oil Market Size and Volume Forecast by Type
12.7.1. Medical Grade
12.7.2. Cosmetic Grade
12.7.3. Food Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fir Essential Oil Demand Share, 2019-2026
13. Middle East & Africa Fir Essential Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fir Essential Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fir Essential Oil Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical
13.4.2. Personal Care
13.4.3. Cosmetic
13.4.4. Food
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fir Essential Oil Market Size and Volume Forecast by Type
13.7.1. Medical Grade
13.7.2. Cosmetic Grade
13.7.3. Food Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fir Essential Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fir Essential Oil Market: Market Share Analysis
14.2. Fir Essential Oil Distributors and Customers
14.3. Fir Essential Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aromaland
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Floracopeia
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mountain Rose Herbs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NOW Foods
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Florame
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SVA Organics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Plant Therapy Essential Oils
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. A. G. Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Paras Perfumers
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Alambika
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Vivasan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiangxi Baicao Pharmaceutical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jiangxi Global Natural Spice
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
