Global Cassia Essential Oil Market Outlook
According to a new report by Expert Market Research titled,’Cassia Essential Oil Market Size, Share, Report and Forecast 2024-2032′, the global cassia essential oil market is being aided by the growth of the essential oil market. Aided by rising production of cassia and growing demand for natural cures, the essential oil market is projected to further grow at a CAGR of 8% between 2024 and 2032.
Cassia essential oil, derived from the leaves, bark, and twigs of the Cinnamomum cassia plant, is a popular essential oil known for its potent aroma and extensive health benefits. It has been traditionally used for its anti-inflammatory, antimicrobial, and antiviral properties. In the modern world, it finds significant applications in aromatherapy, flavourings, perfumery, and as an active ingredient in various personal care products.
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One of the key factors propelling the global cassia essential oil market growth is the escalating consumer demand for health and wellness products. As awareness of the potential health benefits of essential oils spreads, more people are turning towards natural remedies, such as cassia essential oil, for managing stress, inflammation, and various other health issues. This trend towards health and wellness is supported by a growing body of research validating the therapeutic effects of essential oils, solidifying consumer trust in these products.
The rising trend of aromatherapy is significantly contributing to the growing cassia essential oil market demand. Aromatherapy, using natural oils to enhance psychological and physical well-being, has gained widespread acceptance. Cassia essential oil, with its warm, spicy aroma, is a favourite among practitioners, as it is believed to have a calming effect on the mind and body. As the appeal of aromatherapy grows, especially in Western countries, so does the demand for essential oils, including cassia.
Beyond healthcare and wellness, cassia essential oil is increasingly being used as a flavouring agent in the food and beverage industry due to its sweet and spicy flavour. It is a common ingredient in a variety of spice mixes and bakery products. Moreover, the cosmetics industry utilises cassia oil for its supposed anti-ageing and skin-tightening properties, essential for various skincare products. Its rich, spicy scent also makes it a valuable ingredient in perfumes and fragrances.
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A noteworthy cassia essential oil market trend is the increasing demand for organic and sustainably produced oils. As consumers become more environmentally conscious, they are actively seeking products that align with these values. Manufacturers are responding by obtaining organic certifications and adopting sustainable farming practices, thereby boosting the premium segment of the market.
Asia Pacific, particularly countries like China and Indonesia, is a significant region in the cassia essential oil market, being a traditional producer and exporter of cassia oil. However, North America and Europe are expected to witness robust growth, driven by the rising popularity of aromatherapy and natural wellness products.
Cassia Essential Oil Market Segmentation
The market can be divided based on nature, area of plant, distribution channel, application, and region.
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by Area of Plant
- Leaves
- Bark
- Twigs
- Others
Market Breakup by Distribution Channel
- On Trade
- Off Trade
Market Breakup by Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cassia essential oil market. Some of the major players explored in the report by Expert Market Research are as follows:
- Augustus Oils Ltd.
- NOW Health Group, Inc.
- doTERRA International, LLC
- Young Living Essential Oils
- Inovia International
- AG Industries
- Others
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