Market Overview:
The global spikenard essential 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, rising awareness about the benefits of spikenard essential oil, and growing applications of spikenard essential oil in various industries. Based on type, the global spikenard essential oil market is segmented into antibacterial, antifungal, and anti-inflammatory. The antibacterial segment is projected to register highest CAGR during the forecast period owing to its properties such as antimicrobial and antiseptic that helps in preventing infection caused by bacteria. By application, household care dominates the global market for spikenard essential oil followed by healthcare and cosmetics & personal care segments respectively.
Product Definition:
Spikenard essential oil is extracted from the spikenard plant, a flowering herb that is native to India. The oil has a woodsy, earthy scent and is often used in aromatherapy. It may help to ease anxiety and stress and promote relaxation. Spikenard oil can also be used as a topical treatment for skin conditions such as eczema, psoriasis, and acne.
Antibacterial:
Antibacterial properties of spikenard essential oil are due to the presence of a high amount of sesquiterpene hydrocarbons. The antibacterial effect is found to be effective against gram positive and gram negative bacteria. It also shows antimicrobial activity against enveloped viruses, such as hepatitis B and Hepatitis C virus, which can be used for the treatment purpose. This property makes it an ideal solution for various skin problems like acne, wounds & cuts etc.
Antifungal:
Antifungal is a natural remedy used to treat fungal infections. The most commonly known type of fungus, which causes infection is called as Candida albicans. It lives in the human body and on the skin's surface, but can also grow inside the body if no proper immune response is mounted against it. Antifungal agents are mostly used for treatment of vaginal yeast infections and oral thrush (white coating on lips).
Application Insights:
The global spikenard essential oil market has been segmented on the basis of application into household care, healthcare, cosmetics and personal care, and other applications. The cosmetics and personal care segment held the largest share in 2017 owing to rising consumer awareness regarding skin health. Moreover, antibacterial properties have led to its use in various anti-acne formulations.
Spikenard is steam-distilled with a high purity level of 97% or higher which makes it an ideal essential oil for cosmetic application as well as for aromatherapy massage. It is also used in several natural skincare products such as moisturizers along with lavender and rosemary extracts due to their antioxidant properties that help prevent skin aging caused due to free radical damage. These factors are expected to drive product demand over the forecast period making it one of the fastest growing segments during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period owing to increasing product demand from various application sectors, including healthcare, cosmetics and personal care, and household care. This can be attributed to rapid industrialization coupled with growing consumer awareness regarding alternative natural ingredients for various applications.
The presence of large-scale spikenard oil manufacturers in countries such as India and China has led to an increase in supply over the last few years which has resulted in lower prices for consumers across these regions as compared to other countries outside Asia Pacific where there are no or limited production facilities due to high costs associated with plant cultivation and extraction processes involved; hence driving up demand across other regions globally such as North America.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the benefits of Spikenard Essential Oil
- Growing popularity of aromatherapy and essential oils therapies
- Proliferation of online retail platforms that offer Spikenard Essential Oil products
- increasing disposable income
Scope Of The Report
Report Attributes
Report Details
Report Title
Spikenard Essential Oil Market Research Report
By Type
Antibacterial, Antifungal, Anti-inflammatory
By Application
Household Care, Healthcare, Cosmetics and Personal Care, Other
By Companies
AOS Products Private Limited, Aromaaz International, Lipotec S.A.U., Avi Naturals, N. CHIMANLAL and CO., Kanta Enterprises Private Limited, Kazima Perfumers, Venkatramna Industries, Monte Orleans Incorporation, Ambre Blends, Essential Aura Aromatics, Beach Stone Aroma
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Spikenard Essential Oil Market Report Segments:
The global Spikenard Essential Oil market is segmented on the basis of:
Types
Antibacterial, Antifungal, Anti-inflammatory
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 Care, Healthcare, Cosmetics and Personal Care, Other
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:
- AOS Products Private Limited
- Aromaaz International
- Lipotec S.A.U.
- Avi Naturals
- N. CHIMANLAL and CO.
- Kanta Enterprises Private Limited
- Kazima Perfumers
- Venkatramna Industries
- Monte Orleans Incorporation
- Ambre Blends
- Essential Aura Aromatics
- Beach Stone Aroma
Highlights of The Spikenard 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:
- Antibacterial
- Antifungal
- Anti-inflammatory
- By Application:
- Household Care
- Healthcare
- Cosmetics and Personal Care
- Other
- 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 Spikenard 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
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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?
Spikenard essential oil is derived from the flowering plant Spikenard. It has a strong, sweet, and spicy aroma that is often used in aromatherapy to help relax the mind and body.
Some of the key players operating in the spikenard essential oil market are AOS Products Private Limited, Aromaaz International, Lipotec S.A.U., Avi Naturals, N. CHIMANLAL and CO., Kanta Enterprises Private Limited, Kazima Perfumers, Venkatramna Industries, Monte Orleans Incorporation, Ambre Blends, Essential Aura Aromatics, Beach Stone Aroma.
The spikenard essential 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 Spikenard Essential 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 Spikenard Essential Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spikenard Essential 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 Spikenard Essential 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 Spikenard Essential Oil Market Size & Forecast, 2020-2028
4.5.1 Spikenard Essential Oil Market Size and Y-o-Y Growth
4.5.2 Spikenard Essential 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 Antibacterial
5.2.2 Antifungal
5.2.3 Anti-inflammatory
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 Care
6.2.2 Healthcare
6.2.3 Cosmetics and Personal Care
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spikenard Essential 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 Spikenard Essential 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 Antibacterial
9.6.2 Antifungal
9.6.3 Anti-inflammatory
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 Care
9.10.2 Healthcare
9.10.3 Cosmetics and Personal Care
9.10.4 Other
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 Antibacterial
10.6.2 Antifungal
10.6.3 Anti-inflammatory
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 Care
10.10.2 Healthcare
10.10.3 Cosmetics and Personal Care
10.10.4 Other
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 Antibacterial
11.6.2 Antifungal
11.6.3 Anti-inflammatory
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 Care
11.10.2 Healthcare
11.10.3 Cosmetics and Personal Care
11.10.4 Other
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 Antibacterial
12.6.2 Antifungal
12.6.3 Anti-inflammatory
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 Care
12.10.2 Healthcare
12.10.3 Cosmetics and Personal Care
12.10.4 Other
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 Antibacterial
13.6.2 Antifungal
13.6.3 Anti-inflammatory
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 Care
13.10.2 Healthcare
13.10.3 Cosmetics and Personal Care
13.10.4 Other
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 Spikenard Essential Oil Market: Competitive Dashboard
14.2 Global Spikenard Essential Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AOS Products Private Limited
14.3.2 Aromaaz International
14.3.3 Lipotec S.A.U.
14.3.4 Avi Naturals
14.3.5 N. CHIMANLAL and CO.
14.3.6 Kanta Enterprises Private Limited
14.3.7 Kazima Perfumers
14.3.8 Venkatramna Industries
14.3.9 Monte Orleans Incorporation
14.3.10 Ambre Blends
14.3.11 Essential Aura Aromatics
14.3.12 Beach Stone Aroma
