Market Overview:
The global balsam fir oil market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for natural and organic products across the globe. Additionally, rising awareness about the benefits of using essential oils is also propelling the growth of this market. Based on type, 100% pure essential oils accounted for a larger share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their therapeutic properties which are beneficial for various applications such as household products, personal care and others. Blended essential oils are also gaining popularity due to their cost-effective nature and ability to provide desired results when used in combination with other essential oils or carrier oils. Regionally, North America held a dominant position in 2017 and is anticipated to continue its lead during 2018-2030 owing to high consumer demand for natural ingredients across various end-use applications such as household products, personal care items and others including food & beverage industry segments etcetera .
Product Definition:
Balsam Fir oil is an essential oil that is derived from the needles of the balsam fir tree. It has a sweet, woodsy smell and is used in aromatherapy to promote relaxation and stress relief. Balsam fir oil can also be used to help relieve respiratory problems such as congestion and asthma.
100% Pure Essential Oils:
100% pure essential oils are extracted from the leaves, stem, and other parts of the plant using chemical-free methods. These products have no additives or chemicals added to them during extraction. The major factors driving demand for 100% pure essential oils are their health benefits and their increasing application in food & beverages, personal care & cosmetics industries.
Blended Essential Oils:
Blended essential oils are a combination of more than one essential oil that has been blended together to produce a unique aroma. The main reason for blending is to obtain the best results from both oils and use them in different applications. For instance, if you were using clove oil, it would be good for oral care products but not much else would go well with it.
Application Insights:
The household products segment held the largest market share of over 70% in 2017. The product is widely used in cleaning agents, air fresheners, and polish removers. Rising consumer awareness regarding personal hygiene will drive the demand for balsam fir oil across household applications over the forecast period.
Balsam fir essential oil has a strong antifungal and antibacterial property which makes it suitable for use as natural cleaners and disinfectants. These factors are likely to promote its application in households across various products including furniture polishes, wood polish, glass cleaner, air fresheners etc., during the study period (2016-2017).
Household care products accounted for a significant market share of around 30% in terms of revenue on account of increasing awareness among consumers regarding health & hygiene issues coupled with rising spending capacity among middle-class population groups globally.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 35% of global consumption. The region is expected to dominate the industry owing to high demand from countries, such as Germany, U.K., France, Italy and Spain among others. Rising consumer awareness regarding health & hygiene coupled with increasing spending power is projected to drive the product demand further in this region during the forecast period.
Asia Pacific emerged as a prominent regional market due to rapid industrialization along with growing population especially in China.
Growth Factors:
- Increasing demand from the aromatherapy and cosmetics industry
- Rising popularity of essential oils as a natural alternative to synthetic fragrances
- Growing awareness of the health benefits of Balsam Fir oil among consumers
- Increased use of Balsam Fir oil in personal care products and home remedies
- Rising demand from emerging markets such as China and India
Scope Of The Report
Report Attributes
Report Details
Report Title
Balsam Fir Oil Market Research Report
By Type
100% Pure Essential Oils, Blended Essential Oils
By Application
Household Products, Personal Care, Others
By Companies
Plant Therapy Essential Oils Corporate, doTERRA, Young Living, NOW, Aura Cacia, Frenchies' Natural Products, Edens Garden, Aromatics International, HYSSES
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Balsam Fir Oil Market Report Segments:
The global Balsam Fir Oil market is segmented on the basis of:
Types
100% Pure Essential Oils, Blended Essential Oils
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
Household Products, Personal Care, Others
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:
- Plant Therapy Essential Oils Corporate
- doTERRA
- Young Living
- NOW
- Aura Cacia
- Frenchies' Natural Products
- Edens Garden
- Aromatics International
- HYSSES
Highlights of The Balsam Fir 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:
- 100% Pure Essential Oils
- Blended Essential Oils
- By Application:
- Household Products
- Personal Care
- Others
- 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 Balsam Fir 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?
Balsam Fir oil is a natural, cold-pressed oil made from the resin of the balsam fir tree. It has a sweet, woodsy scent and is used in aromatherapy to help relieve stress and anxiety.
Some of the key players operating in the balsam fir oil market are Plant Therapy Essential Oils Corporate, doTERRA, Young Living, NOW, Aura Cacia, Frenchies' Natural Products, Edens Garden, Aromatics International, HYSSES.
The balsam fir oil market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balsam Fir Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Balsam Fir Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Balsam Fir Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Balsam Fir Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Balsam Fir Oil Market Size & Forecast, 2020-2028
4.5.1 Balsam Fir Oil Market Size and Y-o-Y Growth
4.5.2 Balsam Fir Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 100% Pure Essential Oils
5.2.2 Blended Essential Oils
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household Products
6.2.2 Personal Care
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balsam Fir Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balsam Fir Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 100% Pure Essential Oils
9.6.2 Blended Essential Oils
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household Products
9.10.2 Personal Care
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 100% Pure Essential Oils
10.6.2 Blended Essential Oils
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household Products
10.10.2 Personal Care
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 100% Pure Essential Oils
11.6.2 Blended Essential Oils
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household Products
11.10.2 Personal Care
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 100% Pure Essential Oils
12.6.2 Blended Essential Oils
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household Products
12.10.2 Personal Care
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 100% Pure Essential Oils
13.6.2 Blended Essential Oils
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household Products
13.10.2 Personal Care
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balsam Fir Oil Market: Competitive Dashboard
14.2 Global Balsam Fir Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Plant Therapy Essential Oils Corporate
14.3.2 doTERRA
14.3.3 Young Living
14.3.4 NOW
14.3.5 Aura Cacia
14.3.6 Frenchies' Natural Products
14.3.7 Edens Garden
14.3.8 Aromatics International
14.3.9 HYSSES
