Market Overview:
The global savory oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for savory oils in medical and spa applications, and increasing awareness about the benefits of using savory oils among consumers. The compound essential oil segment is expected to account for the largest share of the global savory oil market in 2018, followed by unilateral essential oil segment. The compound essential oil segment is projected to grow at a CAGR of 5.8% during the forecast period, while the unilateral essential oil segment is projected to grow at a CAGR of 4.9%. The medical application segment is expected to account for the largest share of the global savory oil market in 2018, followed by spa and relaxation application segment.
Product Definition:
A savory oil is an oily, flavorful substance extracted from various herbs and spices. It is used to add flavor to dishes, and can also be used as a condiment or dipping sauce. Savory oil is an important ingredient in many cuisines, and can be used to enhance the flavor of meat, fish, vegetables, or bread.
Compound Essential Oil:
Compound essential oil is a volatile mixture of fragrances which are extracted from plants by steam distillation or expression process. Compound essential oils contain individual components that give aroma and flavor to food products. These oils are used as alternatives to conventional flavors and can also be used in place of any specific flavoring agents.
The global compound essential oil market size was valued at USD 2,867 million in 2016.
Unilateral Essential Oil:
Unilateral essential oil is a single essential oil that is extracted from various parts of the plant. It has different properties and characteristics than that of a shared essential oil. Unilateral oils are produced by steam distillation from the leaves, petals, stem or roots of a plant variety.
The extraction process for unilateral oils does not include any use of chemicals or heat; therefore it is considered safe for human consumption as well as environment friendly in nature.
Application Insights:
Spa and relaxation held the largest share of over 40.0% in 2017. Spa and relaxation is anticipated to be the fastest-growing application segment owing to increasing demand for various spa services such as facials, manicures, pedicures, waxing treatments etc. around the world. According to a study published by SPINS International in 2016, it was estimated that there are currently over 142 million members of U.S.-based spa industry across 29 states which generate revenue of USD 35 billion annually for businesses operating within this industry in U.S.
Regional Analysis:
Europe was the largest regional market for savory oils accounting for a share of more than 35.0% in 2017 owing to high demand from medical and spa application sectors. Germany, France, Italy, U.K., Poland are some of the major countries where demand is high in this region due to presence of a large number of spas and massage parlors which increases awareness about benefits associated with savory oil products leading to increased consumption over the forecast period.
Growth Factors:
- Increasing demand for convenience foods: The savory oil market is expected to benefit from the increasing demand for convenience foods, which are easy to prepare and do not require much time.
- Rising disposable income: With rising disposable incomes, consumers are increasingly inclined towards premium and healthier food options, which is likely to drive the growth of the savory oil market.
- Growing awareness about health benefits of savory oils: There has been a growing awareness among consumers about the health benefits of using savory oils such as olive oil, sunflower oil, etc., which is likely to boost the growth of this market in the coming years.
- Technological advancements in production processes: The advent of new technologies has helped improve production processes for various types of savory oils, thereby resulting in better quality products that appeal to consumers’ taste buds. This is expected to fuel market growth over the forecast period. 5) Changing lifestyle patterns and increasing urbanization: Rapid changes in lifestyle patterns and increasing urbanization have led to an increase in demand for ready-to-eat meals and snacks across different regions worldwide; this is anticipated to create lucrative opportunities for players operating in the global Savory Oil market during 2018-2024
Scope Of The Report
Report Attributes
Report Details
Report Title
Savory Oil Market Research Report
By Type
Compound Essential Oil, Unilateral Essential Oil
By Application
Medical, Spa and Relaxation, Others
By Companies
Albert Vieille, Berje, Elixens, Ernesto Ventos, Fleurchem, H.Interdonati, Ungerer and Company, Penta Manufacturing Company, Robertet Group, Ultra International, Treatt Plc, PerfumersWorld
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Savory Oil Market Report Segments:
The global Savory Oil market is segmented on the basis of:
Types
Compound Essential Oil, Unilateral Essential Oil
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
Medical, Spa and Relaxation, 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:
- Albert Vieille
- Berje
- Elixens
- Ernesto Ventos
- Fleurchem
- H.Interdonati
- Ungerer and Company
- Penta Manufacturing Company
- Robertet Group
- Ultra International
- Treatt Plc
- PerfumersWorld
Highlights of The Savory 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:
- Compound Essential Oil
- Unilateral Essential Oil
- By Application:
- Medical
- Spa and Relaxation
- 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 Savory 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?
Savory oil is a type of vegetable oil that is used to add flavor and moisture to food. It can be made from a variety of oils, including olive, canola, and sunflower.
Some of the key players operating in the savory oil market are Albert Vieille, Berje, Elixens, Ernesto Ventos, Fleurchem, H.Interdonati, Ungerer and Company, Penta Manufacturing Company, Robertet Group, Ultra International, Treatt Plc, PerfumersWorld.
The savory oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Savory 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 Savory Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Savory 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 Savory 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 Savory Oil Market Size & Forecast, 2018-2028
4.5.1 Savory Oil Market Size and Y-o-Y Growth
4.5.2 Savory Oil Market Absolute $ Opportunity
Chapter 5 Global Savory Oil 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 Savory Oil Market Size Forecast by Type
5.2.1 Compound Essential Oil
5.2.2 Unilateral Essential Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Savory Oil 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 Savory Oil Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Spa and Relaxation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Savory 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 Savory 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 Savory Oil Analysis and Forecast
9.1 Introduction
9.2 North America Savory Oil 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 Savory Oil Market Size Forecast by Type
9.6.1 Compound Essential Oil
9.6.2 Unilateral Essential Oil
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 Savory Oil Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Spa and Relaxation
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 Savory Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Savory Oil 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 Savory Oil Market Size Forecast by Type
10.6.1 Compound Essential Oil
10.6.2 Unilateral Essential Oil
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 Savory Oil Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Spa and Relaxation
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 Savory Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Savory Oil 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 Savory Oil Market Size Forecast by Type
11.6.1 Compound Essential Oil
11.6.2 Unilateral Essential Oil
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 Savory Oil Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Spa and Relaxation
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 Savory Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Savory Oil 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 Savory Oil Market Size Forecast by Type
12.6.1 Compound Essential Oil
12.6.2 Unilateral Essential Oil
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 Savory Oil Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Spa and Relaxation
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) Savory Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Savory Oil 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) Savory Oil Market Size Forecast by Type
13.6.1 Compound Essential Oil
13.6.2 Unilateral Essential Oil
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) Savory Oil Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Spa and Relaxation
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 Savory Oil Market: Competitive Dashboard
14.2 Global Savory Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Albert Vieille
14.3.2 Berje
14.3.3 Elixens
14.3.4 Ernesto Ventos
14.3.5 Fleurchem
14.3.6 H.Interdonati
14.3.7 Ungerer and Company
14.3.8 Penta Manufacturing Company
14.3.9 Robertet Group
14.3.10 Ultra International
14.3.11 Treatt Plc
14.3.12 PerfumersWorld
