Saudi Arabia Essential Oil Market – Industry Trends and Forecast to 2029

사우디 아라비아 에센셜 오일 시장 분석 및 통찰력

에센셜 오일은 향기로운 물질의 제품 또는 혼합물 또는 향기로운 물질과 무취 물질의 혼합물로 정의할 수 있습니다. 이러한 향기로운 물질은 화학적으로 순수한 화합물로, 각각의 구별성을 제공합니다. 증류, 콜드 프레스 추출, 용매 추출, 효소 추출 및 기타 여러 방법을 통해 추출됩니다. 청량 음료, 제빵 제품, 스포츠 음료 및 기타 여러 제품을 준비하기 위한 식품 및 음료 산업의 수요로 인해 에센셜 오일 사용이 증가하고 있습니다. 또한, 에센셜 오일은 전국의 스파 및 휴식 센터로 인해 수요가 증가했습니다.

에센셜 오일의 기술적 진보가 증가하고 식품 및 음료 제품, 개인 관리 및 화장품 분야에서 빠르고 민감한 기술에 대한 수요가 증가함에 따라 에센셜 오일 제조업체에 엄청난 기회가 생길 것으로 예상됩니다. 반면, 천연 자원의 고갈과 액체 특성으로 인한 취급 문제는 시장 성장에 도전이 될 수 있습니다.

예를 들어,

• 2020년 10월, dOTERRA는 여러 가지 새로운 에센셜 오일 제품인 Helichrysum touch와 사람들이 건강 목표에 집중할 수 있도록 설계된 3가지 새로운 웰빙 프로그램을 출시했습니다.

Data Bridge Market Research는 사우디 아라비아 에센셜 오일 시장이 2029년까지 2,796만 달러 규모에 도달할 것으로 예상하며, 예측 기간 동안 CAGR은 7.1%가 될 것으로 분석했습니다.

시장 정의

에센셜 오일은 천연 향, 풍미, 본질을 유지하는 농축된 식물 추출물입니다. 고유한 방향족 화합물은 각 에센셜 오일에 특징적인 본질을 부여합니다. 에센셜 오일은 증류(증기와 물을 통해) 또는 냉간 압착과 같은 기계적 방법을 통해 얻습니다. 오일은 식물의 향과 풍미, 본질을 포착합니다. 대부분 유래된 식물의 이름을 따서 명명됩니다. 에센셜 오일의 용도는 다양합니다. 화장품, 향수, 식품 및 음료에 널리 사용되며 치료적 특성으로 인해 의학적 용도가 있고 항균 및 항산화 효과로 인해 농업-식품 용도로도 사용됩니다.

사우디 아라비아 에센셜 오일 시장 동향

운전자

• 에센셜 오일의 건강상의 이점과 관련된 인식 증가

에센셜 오일은 낮은 온도에서 부을 수 있는 밝은 색에서 중간색의 투명한 액체입니다. 오늘날 소비자들은 건강에 대해 더 의식하고 있으며, 따라서 더 많은 영양가를 제공하는 더 건강한 제품을 요구합니다. 에센셜 오일은 또한 비타민, 특히 비타민 E(토코페롤 및 토코트리에놀)가 풍부하고 미네랄 함량이 풍부합니다. 이러한 오일에는 칼륨, 인 및 구리 함량도 있습니다. 따라서 소비자들은 에센셜 오일의 헤아릴 수 없는 건강상의 이점으로 인해 에센셜 오일로 만든 의약품 및 보충 식단을 요구하고 선호합니다. 이로 인해 제조업체도 소비자의 요구를 충족시키기 위해 새로운 에센셜 오일 제품을 출시하려고 노력하고 있습니다. 이 요인은 사우디 아라비아 에센셜 오일 시장의 성장을 촉진할 것으로 예상됩니다.

• 식품 보충제 산업에서 에센셜 오일에 대한 수요 증가

에센셜 오일은 에너지 가치가 크기 때문에 식품 보충제 산업에서 널리 사용됩니다. 오일 아마란스의 상당 부분은 신체의 다중 불포화 지방산의 중요성을 설명합니다. 이들은 세포막의 구성 요소를 합성하고, 손상 효과에 대한 저항력을 제공하고, 간에서 콜레스테롤 대사를 가속화하고, 혈관 벽의 상태를 정상화하는 데 관여합니다. 에센셜 오일의 인지질은 지방 대사를 조절하고 신경 조직, 간 세포 및 뇌의 구조를 형성합니다. 또한 세포막의 보호 특성이 형성되고 세포의 정상적인 성장과 번식이 보장되며 콜레스테롤이 신체에서 제거됩니다. 따라서 에센셜 오일은 캡슐, 정제, 알약 및 액체 형태의 식품 보충제에 사용됩니다. 캡슐이나 다른 형태의 에센셜 오일을 식이 보충제 또는 식품 보충제라고 합니다.

기회

• 아로마테라피로의 전환

Aromatherapy is increasingly considered a popular therapy, with more spas opening in various areas, increasing consumer awareness of well-being, higher demand for natural products, and its benefits in psychological and physiological health. The use of essential oils in aromatherapy for personal care and therapeutic purposes offers tremendous growth potential. This type of alternative therapy utilizes various combinations of essential oils to get relief from various ailments like depression, indigestion, headache, insomnia, muscular pain, respiratory problems, and others. For example, Thyme essential oil is widely used in aromatherapy to help reduce fatigue, nervousness, and stress. The availability of a wide range of aroma oils is expected to boost the Saudi Arabia essential oil market. Due to this shift in the aromatherapy trend, demand for organic and certified 100% pure and natural essential oil is also increased. Thus, increasing awareness about aromatherapy and its possible health benefits influences customers. There has been a consistent demand for essential oil in the personal care and cosmetic sectors; thus, the demand for essential oil enables manufacturers to launch new products to expand further, which may promote market growth in the forecast period.

Restraints/Challenges

• Lack of availability of raw materials

The lack of availability of raw materials can be caused due to climatic conditions. In unfavorable climatic conditions, it is difficult for farmers to cultivate and grow plants such as herbs, spices, mint, citrus fruits, and others, thus less available raw materials.

The fluctuating production of these plants has resulted in the volatile supply of these plants in the form of seeds, roots, leaves, and others. The volatile supply of raw materials also drives the prices of the end product, these essential oils. The limited raw material availability is expected to hamper the market's overall value chain, a key restraining factor of the Saudi Arabia essential oil market.

Thus, the lack of raw material availability may cause the switching of consumers to other products and can also affect the supply chain.

The outcomes from limited materials availability are:

• Technological: Supply chain stakeholders may redesign their products by using substitute materials
• Geographic: The upstream supply chain may reconfigure to tap into new sources
• Operational: Downstream firms may alter inventory practices or work to recover alternative materials streams

Thus, this lack of availability of raw materials enables the consumer to switch to substitutes which may restrain the market's growth.

• Low production volumes of essential oils

Low production volumes of essential oils are expected to affect the market growth for Saudi Arabia essential oil market. High transportation rates, increased variability in rainfall, and intensive summer drought, can be considered the main constraints to these crop productions.

Under such conditions, adopting sustainable agricultural practices and introducing new/ underutilized crops, able to diversify cropping systems and mitigate climate changes, can represent very promising strategies in addressing cropping system sustainability, crop improvement, and food security.

Extracting squalene from these various products, such as herbs, spices, and others, requires a long process such as distillation, drying, and oil packaging. However, due to distillation, the yield of essential oil can be less, which affects the production volumes of essential oil. In addition, less access to raw materials such as herbs, spices, and others also leads to low production volumes.

Thus, the low production volumes are expected to affect the market growth due to uncertainty in weather and the time-consuming extraction process, as well as the low content of oil after extraction. Moreover, it is expected to restrain the growth of Saudi Arabia essential oil market growth to some extent.

Post COVID-19 Impact on Saudi Arabia Essential Oil Market

Post the pandemic, the demand for essential oils has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, the growing trend of using essential oils for their therapeutic properties and natural ingredients may propel the market's growth.

The increased demand for essential oils enables manufacturers to launch innovative and multifunctional essential oils, which ultimately increases the demand for essential oils and has helped the market grow.

Moreover, the high demand for essential oils for food and beverages and personal care products will drive the market's growth. Furthermore, the increased demand for products that boost the immune system after the COVID-19 pandemic as consumers were more concerned about their health and wellness resulted in market growth. Additionally, consumers' interest in new flavors and enhanced fragrances is expected to fuel the growth of the Saudi Arabia essential oil market.

Recent Developments

• In October 2020, dOTERRA launched several new essential oil products Helichrysum touch, and three new wellness programs designed to help people focus on health goals
• In August 2020, Young Living Essential Oils launched new products in the happy, healthy home category, including Cassia oil, Ecuadorian oregano oil, one heart essential oil

Saudi Arabia Essential Oil Market Scope

Saudi Arabia essential oil market is segmented into seven segments based on type, parts used for extraction, extraction method, nature, category, product category, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

• Citrus Oils
• Herb Oils
• Aromatic Oils
• Mint Oils
• Spice Oils
• Spice Seed Oils
• Others

On the basis of type, the Saudi Arabia essential oil market is segmented into citrus oils, herb oils, aromatic oils, mint oils, spice oils, spice seed oils, and others.

Parts used for extraction

• Flowers
• Leaves
• Fruit
• Cloves
• Seed
• Bark

On the basis of parts used for extraction, the Saudi Arabia essential oil market is segmented into flowers, leaves, fruit, cloves, seed, and bark.

Extraction Method

• Cold Pressed
• Solvent Extraction
• Supercritical Extraction
• Enzymatic Extraction
• Others

On the basis of extraction method, the Saudi Arabia essential oil market is segmented into cold pressed, solvent extraction, supercritical extraction, enzymatic extraction, and others.

Nature

• Organic
• Conventional

On the basis of nature, the Saudi Arabia essential oil market is segmented into organic and conventional.

Category

• Natural
• Synthetic

On the basis of category, the Saudi Arabia essential oil market is segmented into natural and synthetic.

Product Category

• Singles
• Blends

On the basis of product category, the Saudi Arabia essential oil market is segmented into singles and blends.

Application

• Food & Beverages
• Aromatherapy
• Personal Care
• Cosmetic
• Home Care
• Dietary Supplements
• Sports Nutrition
• Animal Feed
•  Others

On the basis of application, the Saudi Arabia essential oil market is segmented into food & beverages, aromatherapy, personal care, cosmetic, home care, dietary supplements, sports nutrition, animal feed, and others.

Competitive Landscape and Saudi Arabia essential oil market Share Analysis

Saudi Arabia essential oil market competitive landscape provides details of the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Saudi Arabia presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points only relate to the companies' focus on the Saudi Arabia essential oil market.

Some of the major players operating in the essential oils market are RopaPharm Delacon Biotechnik GMBH, doTERRA, Kelvin Natural Mint Pvt. Ltd., Young Living Essential Oils, AURA CACIA, Kshrey, Inc, Silverline Chemicals, Vigon International, LLC., Bulk Apothecary, Lemon Oil Manufacturers, and KM Chemicals, among others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Saudi Arabia Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.

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