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Global Helichrysum Oil Market to Grow at a CAGR of 6% by 2026, Driven by the Rising Appeal for Traditional Products

According to a new report by EMR titled, 'Global Helichrysum Oil Market Report and Forecast 2021-2026', the global market of helichrysum oil is expected to grow at a CAGR of 6% in the forecast period of 2021-2026.

The market for helichrysum oil is driven by the rising appeal for traditional products, which have been in use since ages. Helichrysum oil enriches the skin with its application and was primarily used in countries like Turkey, Bosnia and Herzegovina, Italy, Spain, and Portugal. The product is famous for its potential to extract pyrones, sesquiterpenes, triterpenoids, and flavonoids. Further, the product is gaining popularity across the globe owing to its several full-body benefits as a result of anti-inflammatory, antioxidant, antimicrobial, antifungal, and antibacterial properties, corticoid-like effects, free radical scavenging activity, and inflammatory enzyme inhibition. Thereby aiding the market growth over the forecast period. The helichrysum oil industry is propelled by the rising awareness regarding the elevated health benefits of helichrysum oil across several social media platforms. This is aiding the market growth of the product.

The extensive application of helichrysum oil across the healthcare and wellness sectors is providing an impetus to the market growth of the product. Rocky Mountain Oils, LLC, a key market player, offers the helichrysum oil for various purposes. They make for an effective facial and body spray or can be used as a healthful addition to skincare formulations. The product is available on e-commerce site Amazon, Inc. (NASDAQ: AMZN). The rising penetration of e-commerce sites is expected to invigorate the market growth of the product.

Market Analysis by Type, Source, Application, and Region:

  • The helichrysum oil industry, on the basis of type, is divided into organic and conventional.
  • Based on source, the industry is segmented into plant, leaves, and flower.
  • By application, the industry is categorised into aromatherapy, pharmaceutical, food and beverage, personal care, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The helichrysum oil industry is being driven by the rising attention of pharmacologists and health and wellness product manufacturers towards the product.
  • The product is replete with vital antioxidant properties due to the presence of acetophenones and phloroglucinols within helichrysum oil, as a result, aiding the market growth.
  • The market is further being propelled by the rapid urbanisation and industrialisation across emerging economies. Thereby encouraging the market expansion.
  • Other factors influencing the market growth include enhancing living standards and increasing disposable incomes.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for helichrysum oil for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, sources, applications, and major regions of helichrysum oil. 
  • It gives an in-depth look at the regional price trends in the global market for helichrysum oil.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Mountain Rose Herbs, Rocky Mountain Oils, LLC, Ultra International B.V., Immortelle Therapy, d?TERRA International, LLC, and Frontier Cooperative, among others, are the key players in the global helichrysum oil market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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