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Global Thyme Oil Market: By Nature: Organic, Conventional; By Type: Red Thyme Oil, White Thyme Oil; By Application: Pharmaceuticals, Cosmetics, Food Products, Fragrance; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Thyme Oil Market Outlook
The global thyme oil market reached a volume of about 191.45 thousand metric tons in 2020. The market is further expected to grow at a CAGR of 7.8% in the forecast period of 2021-2026.
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Several Health Benefits of Thyme Oil to Aid the Industry Growth, Supported by the Thriving Cosmetics Sector
Thyme oil is enriched with powerful antioxidants and healthful nutrients, and it offers immense health benefits, such as improving heart and respiratory health, promoting digestion, enhancing skin health, and uplifting immunity. Several studies show that thyme essential oil can significantly reduce or eliminate foodborne bacteria, soothe inflammation, and support heart health, among other benefits. Further, the oil is commonly used for aromatic and therapeutic purposes as it contains carvacrol as its active substance, which is known to affect neuron activity in a positive manner, imparting the feeling of well-being. Thyme essential oil is rich in vitamin C and antioxidants and, thus, finds extensive applications in the cosmetic sector. The skincare products containing thyme oil serves as a natural remedy for various skin problems, including acne, rashes, and others, and they also treat various signs of aging, promoting a rejuvenated skin. The aforementioned factors are significantly driving the demand for thyme oil in various application sectors, particularly cosmetics, thus, aiding the industry growth. Region-wise, the growing demand for cosmetics in the Asia Pacific is expected to favour the growth of the industry over the forecast period.
Thyme Oil: Industry Definition and Segmentation
Thyme oil is the essential oil obtained from the leaves and flowers of the thyme plant, Thymus vulgaris. It contains several compounds, such as carvacrol, thymol, and linalool, among others, that offer immense health benefits. This oil is widely used across various industries for its antibiotic, anti-inflammatory, and antibacterial properties. It is commonly utilised as a preservative in foods, cosmetics, toiletries, and it can also be found as an ingredient in mouthwash.
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Based on nature, the market is divided into:
- Organic
- Conventional
The different types of thyme oil available in the market include:
- Red Thyme Oil
- White Thyme Oil
- Others
On the basis of application, the industry is categorised into:
- Pharmaceuticals
- Cosmetics
- Food Products
- Fragrance
- Others
The various distribution channels of the product include:
- Direct
- Indirect
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Natural Products and the Rising Health Awareness to Bolster the Growth of the Thyme Oil Industry
The growing demand for products with natural ingredients is favouring the growth of the thyme oil industry globally. Further, the rising awareness regarding the various health benefits of thyme oil is significantly contributing to the industry growth. The growth of the end use sectors like cosmetics, foods, and pharmaceuticals is driving the demand for thyme oil. Other factors boosting the industry growth include the rising standards of living, growing per capita expenditure on cosmetics, and the rising influence of social media on consumers’ purchasing behaviour. Over the forecast period, the growing trend of aromatherapy is expected to further propel the industry forward.
Key Industry Players in the Global Thyme Oil Market
The report gives a detailed analysis of the following key players in the global thyme oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Young Living Essential Oils
- Ultra International B.V.
- NOW Health Group, Inc
- Berjé Inc.
- Edens Garden
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Thyme Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Thyme Oil Historical Market (2016-2020)
8.3 Global Thyme Oil Market Forecast (2021-2026)
8.4 Global Thyme Oil Market by Nature
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Thyme Oil Market by Type
8.5.1 Red Thyme Oil
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 White Thyme Oil
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Others
8.6 Global Thyme Oil Market by Application
8.6.1 Pharmaceuticals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Cosmetics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Food Products
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Fragrance
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Others
8.7 Global Thyme Oil Market by Distribution Channel
8.7.1 Direct
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Indirect
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.8 Global Thyme Oil Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Young Living Essential Oils
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Ultra International B.V.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 NOW Health Group, Inc
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Berjé Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Edens Garden
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Thyme Oil Market: Key Industry Highlights, 2016 and 2026
2. Global Thyme Oil Historical Market: Breakup by Nature (Thousand Metric Tons), 2016-2020
3. Global Thyme Oil Market Forecast: Breakup by Nature (Thousand Metric Tons), 2021-2026
4. Global Thyme Oil Historical Market: Breakup by Application (Thousand Metric Tons), 2016-2020
5. Global Thyme Oil Market Forecast: Breakup by Application (Thousand Metric Tons), 2021-2026
6. Global Thyme Oil Historical Market: Breakup by Distribution Channel (Thousand Metric Tons), 2016-2020
7. Global Thyme Oil Market Forecast: Breakup by Distribution Channel (Thousand Metric Tons), 2021-2026
8. Global Thyme Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2016-2020
9. Global Thyme Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2021-2026
10. North America Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2016-2020
11. North America Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2021-2026
12. Europe Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2016-2020
13. Europe Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2021-2026
14. Asia Pacific Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2016-2020
15. Asia Pacific Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2021-2026
16. Latin America Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2016-2020
17. Latin America Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2021-2026
18. Middle East and Africa Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2016-2020
19. Middle East and Africa Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2021-2026
20. North America Historical Price Trends and Forecast 2016-2026
21. Europe Historical Price Trends and Forecast 2016-2026
22. Asia Pacific Historical Price Trends and Forecast 2016-2026
23. Latin America Historical Price Trends and Forecast 2016-2026
24. Middle East and Africa Historical Price Trends and Forecast 2016-2026
25. Global Thyme Oil Market Structure
Key Questions Answered in the Report
In 2020, the global thyme oil market attained a volume of about 191.45 thousand metric tons.
The market is projected to grow at a CAGR of 7.8% between 2021 and 2026.
The major drivers of the industry, such as the rising disposable incomes, increasing demand for natural products, increasing health awareness, thriving cosmetics industry, and growing research activities, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing consumption of essential oils and the rising demand for aromatherapy.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major nature segments in the market are organic and conventional.
The leading types of thyme oil in the industry are red thyme oil and white thyme oil, among others.
The significant application segments in the market are pharmaceuticals, cosmetics, food products, and fragrance, among others.
The major distribution channels of thyme oil in the industry are direct and indirect.
The major players in the industry are Young Living Essential Oils, Ultra International B.V., NOW Health Group, Inc, Berjé Inc., and Edens Garden, among others.
Analyst Review
The global thyme oil market attained a volume of about 191.45 thousand metric tons in 2020, driven by the rising demand for natural products. Aided by the increasing consumption of essential oils, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is segmented into organic and conventional. Based on type, the industry is divided into red thyme oil and white thyme oil, among others. On the basis of application, the market is segmented into pharmaceuticals, cosmetics, food products, and fragrance, among others. By distribution channel, the market is bifurcated into direct and indirect. The major regional markets for thyme oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Young Living Essential Oils, Ultra International B.V., NOW Health Group, Inc, Berjé Inc., and Edens Garden, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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