Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Pennyroyal Oil Market the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2018 to 2028. The insights and analytics on several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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A key driving factor for the growth of the pennyroyal oil market is its widespread usage in the flavors & fragrance industry. The global flavor & fragrance industry, including essential oils, natural extracts, and aroma chemicals accounted for ~ US$ 30 Billion in 2018, and is growing at a rate of ~ 4.4% globally. The increasing consumer preference for natural products drives the value market growth of pennyroyal oil, as natural ingredients tend to be expensive.
Rapidly rising incomes, urbanization, and middle-class population are spurring the growth of home & personal care products, contributing to pennyroyal oil market growth. Moreover, increased usage of pennyroyal oil in growing economies and ongoing research & development activities on the extraction process have brought immense opportunities for the global pennyroyal oil market to grow for long-term. However, adverse effects of pennyroyal oil such as liver & kidney damage, stomach pain, nausea, vomiting, seizure, etc., have dampened the global pennyroyal oil market growth. Also, government regulations and environmental conditions affect the growth of the pennyroyal oil market globally.
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Pennyroyal Oil Market: Prominent players
Prominent players in the global pennyroyal oil market are Augustus Oils Ltd., BERJÉ INC., Fleurchem, Inc., Jiangyin Healthway International Trade Co., Ltd., Robertet, Ernesto Ventós, S.A., George Uhe Company, Inc., Indenta Chemicals (India) Pvt. Ltd. and Kanta Enterprises Private Limited. The global pennyroyal oil market is fragmented due to presence of numerous global and regional players.
Pennyroyal Oil Market: Regional Outlook
Mentha pulegium is native to Europe, North America, and Latin America, and is also found in some parts of Asia. Among regions mentioned above, Europe holds majority of the share in the global pennyroyal oil market, owing to high consumption of pennyroyal oil in the region. Europe is one the largest markets for flavor and fragrance and medicinal herbs, creating high demand for pennyroyal oil in this region. North America, on the other hand, is also one of the largest consumers of pennyroyal oil, owing to growing consumer preference for mint aroma in fragrance, and the second-largest producer of pennyroyal oil.
Latin America has witnessed lucrative growth in the mid-term forecast. It is also one of the early users of pennyroyal oil as the insect repellent. The East Asia region is the fastest-growing region in the global pennyroyal oil market owing to an increased demand for fragrance, and the region has started exploring new opportunities in the market. In South Asia & Oceania, the pennyroyal oil market has witnessed a lucrative growth, and the use of pennyroyal oil as ayurvedic herbs has been noticed, especially in India. However, due to high cost of pennyroyal oil, the penetration of the market in the region is low.
After reading the report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period 2018 to 2028
- Technologies and business models with disruptive potential
Pennyroyal Oil Market: Segmentation
The global pennyroyal oil market is segmented on the basis of end use and region.
Based on end use, the global pennyroyal oil market is segmented as:
- Flavor & Fragrance
- Pharmaceuticals
- Cosmetics
- Edible Oil Industry
- Others
The flavor & fragrance industry segment in the global pennyroyal oil market holds the largest market share. However, cosmetic is a booming end-use segment in the global pennyroyal oil industry.
Based on region, the global pennyroyal oil market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the market report tries to answer exhaustively are:
- Key strategic moves by various players in the recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
- Which strategies will enable top players in the Market expand their geographic footprints
- Which new business models are expected to change the course of growth of key regional markets in near future
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
- Which products segments have in recent years have seen new, lucrative application areas
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