According to the report by Expert Market Research (EMR), the global coriander oil market size is projected to grow at a CAGR of 10% between 2024 and 2032. Aided by its increasing use in various industries and recognition of its therapeutic properties, the market is expected to grow significantly by 2032.
Coriander oil, extracted from the seeds of the coriander plant, is celebrated for its rich, spicy-sweet scent and a host of health benefits. It is widely used in aromatherapy, pharmaceuticals, cosmetics, and the food and beverage industry. The oil’s versatility and the growing trend of natural and organic products significantly contribute to its market expansion.
The aromatherapy sector is a primary driver for the coriander oil market growth. With increasing awareness of mental health and wellness, consumers are turning towards natural remedies like essential oils for relaxation and stress relief. Coriander oil, known for its calming effects, has become a popular choice in aromatherapy treatments.
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In the pharmaceutical industry, coriander oil’s anti-inflammatory, antispasmodic, and antibacterial properties make it a valuable ingredient in the formulation of various medicines and health supplements. The growing demand for natural and alternative therapies is further propelling the coriander oil market demand.
The cosmetic and personal care industry also plays a significant role in driving the market. Its natural fragrance and skin-friendly properties make it a sought-after ingredient in perfumes, soaps, creams, and other beauty products. As consumers increasingly prefer organic and chemical-free skincare options, the demand for coriander oil-infused products continues to rise, which further contributes to the coriander oil market size.
Moreover, the food and beverage industry utilises coriander oil as a flavouring agent in several food products. Its unique taste and aroma enhance the flavour profile of various cuisines, thereby increasing its adoption in gourmet cooking and food processing.
Region-wise, Europe dominates the market, owing to its well-established essential oil industry and high consumer demand for natural products. As per the coriander oil market analysis, the Asia Pacific is anticipated to exhibit significant growth in the forecast period, driven by the expanding aromatherapy and pharmaceutical sectors in countries like India and China.
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Coriander Oil Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
- Food and Beverage
- Medical
- 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 coriander oil market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ultra International B.V.
- Berjé Inc.
- doTERRA International, LLC
- Ernesto Ventós, S.A.
- Firmenich SA.
- Others
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