Eucommia Seed Oil Market: Overview
The global market for Eucommia seed oil is influenced by a number of factors that affect its production. The primary factor that has guided the increased adoption of Eucommia seed oil is the changing food preferences from animal to vegetable products due to increased health awareness among consumers. Increasing demand for dietary fats and oils has also helped the rapeseed oil market expand.
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Unlike other traditional medical products and medicines, essential oils like Eucommia seed oil have no serious side effects. These essential oil traits are expected to be the main market growth factor for the global Eucommia seed oil market.
In addition, growing prevalence of health issues, such as cardiovascular disorders, Alzheimer’s, and bronchitis, in aromatherapy applications creates more demand for effective essential oils like Eucommia seed oil.
Another factor that influences consumer trends is the rising demand for organic products. Further enforcement of legislation promoting the use of environmentally friendly cosmetic products and the food and beverage industry has awakened the appetite of people to buy items naturally derived.
Eucommia Seed Oil Market: Dynamics
The growth of market for Eucommia seed oil can be due to the use of essential oils in various applications such as flavor & fragrance, aromatherapy, and others. In fact, the healing properties of Eucommia seed oil are projected to be instrumental in driving peak sales, paving the way for growth in the Eucommia seed oil market.
In addition, the wide use of Eucommia seed oil in commercial and household applications is also driving the global Eucommia seed oil market.
Growing demand from major end-use industries such as food and beverage, personal care and cosmetics, and aromatherapy is expected to drive the Eucommia seed oil market. In pharmaceutical and medical applications, many health benefits relating to Eucommia seed oil are expected to drive their demands.
High prices of essential oils including Eucommia seed oil, however, serve as the main market restraint. On the contrary, increased demand for essential oil is expected to provide opportunities for the growth of the essential oils market as natural preservatives.
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Eucommia Seed Oil Market: Regional Overview
North America was the global market with the most popularity for Eucommia seed oil and other essential oils in general. This can be due to increased use of essential oils such as Eucommia seed oil in pharmaceutical and food & beverage applications.
In fact, raise understanding of the benefits of essential oil combined with increased expenditure by individuals. The aromatherapy and body massages industry further enhances business development in this field.
Asia-Pacific is expected to rise over the forecast period at the highest CAGR. The strong growth in this segment can be attributed to the large application of Eucommia seed oil coupled with the region’s high customer base.
Companies primarily partner with distributors as well as broad flavor houses. It is done to dilute the supply risk in Eucommia seed oil procurement, which is a critical element due to restricted supply and high quality requirements
Eucommia Seed Oil Market: Key Players
The Eucommia seed oil market is fragmented with the most number of players concentrated in Asia Pacific. Some of the key players include: Ji’An ZhongXiang Natural Plants Co.,Ltd., Jingwang Natural Spices, Borui Spice Oil Co. Ltd and others.
The players in the Eucommia seed oil industry have taken product launch and acquisition as their main growth strategy to boost profitability and strengthen their position on the Eucommia seed oil market.
The key players also relied on the expansion of their company to remain competitive in the market. Sustainability policies have been implemented by reducing carbon emissions and by using by-product / waste. Companies are currently engaged in sustainability activities through collaborations with various stakeholders within the Eucommia seed oil supply chain
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