Eucalyptus Oil Market to Witness the Largest Application in Food & Beverages

Posted on 2019-03-25 by Mark Hub in Food & Beverage, Industrial // 0 Comments

Rockville, USA, 2019-Mar-25 — /EPR Network/ —A sluggish expansion has been estimated for the global eucalyptus oil market over the forecast period 2017 to 2022. Global sales of eucalyptus oil are estimated to account for US$ 900 Mn revenues by 2022-end.

Eucalyptus oil is derived from the eucalyptus leaves. Eucalyptus trees are originally found in Australia. However, they are being cultivated across the globe as well to cater rising demand from various manufacturers. A group of selected eucalyptus leaves undergo steam distillation process for extraction of eucalyptus oil. Eucalyptus oil offers anti-oxidant protection, stimulates immunity, and improves respiratory circulation.

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Eucalyptus Globulus will Continue to be Sought-after among Products in the Market

Eucalyptus globulus will continue to be sought-after in the market among products, in terms of revenues. Sales of eucalyptus polybractea are expected to exhibit the highest CAGR through 2022. On the other hand, sales of eucalyptus kochii will continue to register the lowest CAGR in the market throughout the forecast period.

On the basis of nature, natural eucalyptus oil is expected to remain preferred in the global market, with sales exhibiting a moderate CAGR through 2022. Demand for organic eucalyptus oil will remain relatively lower than natural eucalyptus oil in the market.

In terms of revenues, eucalyptus oil is expected to continue witnessing the largest demand in food & beverage applications, followed by aromatherapy and therapeutics application. Fragrances application of eucalyptus oil will continue to exhibit the lowest CAGR in the market through 2022.

An incredibly large amount of eucalyptus leaves are needed for producing just a single ounce of oil. In addition, manufacturers as well as consumers are increasingly getting concerned about the resource depletion. The global eucalyptus oil market is highly concentrated, wherein new market entrants face barriers created by leading players. Eucalyptus oil production necessitates heavy investments for advanced equipment. Global leaders in the eucalyptus oil market are now emphasizing on overcoming the challenges such as certification by government, and high capital investments, which stand as prominent impeding factors for the market growth.

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The eucalyptus oil market in Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and North America are expected to witness a sluggish expansion through 2022.

Eucalyptus globulus is expected to remain sought-after among products in the market, in terms of revenues.

Sales of eucalyptus polybractea will exhibit the fastest growth through 2022. In contrast, sales of eucalyptus kochii is anticipated to exhibit the lowest CAGR through 2022 in the global market for eucalyptus oil.

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