Global Coriander Oil Market, By Type (Therapeutic Grade, Raw, Roasted, and Others), Application (Medical, Spa and Relaxation, Food and Beverage, Agrochemicals and Cosmetics), Distribution Channel (Organic and Conventional), End User (Households and Food Service Industry) – Industry Trends and Forecast to 2031.
Coriander Oil Market Analysis and Size
The coriander oil market is experiencing significant growth driven by advancements in extraction techniques and technology. The latest methods ensure higher yields and improved quality, meeting the rising global demand for natural and organic ingredients in cosmetics, pharmaceuticals, and food products. This trend underscores a shift towards sustainable sourcing and innovative applications, promising a robust future for coriander oil in diverse industries.
The global coriander oil market size was valued at USD 25.16 million in 2023 and is projected to reach USD 52.07 million by 2031, with a CAGR of 9.52% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Therapeutic Grade, Raw, Roasted, and Others), Application (Medical, Spa and Relaxation, Food and Beverage, Agrochemicals and Cosmetics), Distribution Channel (Organic and Conventional), End User (Households and Food Service Industry)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Ultra International B.V. (Netherlands), ALBERT VIEILLE (France), ELIXENS GROUP (France), Fleurchem, Inc. (U.S.), H.Interdonati, Inc. & FlavorPlus Division (U.S.), Penta Manufacturer (Germany), Treatt Plc (U.K.), Lebermuth, Inc. (U.S.), The John D. Walsh Company, Inc. (U.S.), SRS Aromatics Limited (U.K.), Merck KGaA (Germany), Phoenix Aromas & Essential Oils, LLC (U.S.), and LLUCH ESSENCE, S.L.U. (Spain)
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Market Opportunities
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Market Definition
Coriander oil is an essential oil extracted from the seeds of the coriander plant (Coriandrum sativum). It possesses a fresh, herbaceous aroma with hints of citrus. Often used in aromatherapy and culinary applications, it is valued for its calming properties and ability to aid digestion. Coriander oil is also recognized for its potential health benefits, including anti-inflammatory and antimicrobial properties.
Coriander Oil Market Dynamics
Drivers
- Increasing Demand in Aromatherapy and Personal Care Products
The coriander oil market is experiencing growth driven by increasing demand for aromatherapy and personal care products. Known for its therapeutic benefits, coriander oil is prominently used in skincare formulations for its antioxidant and anti-inflammatory properties. In aromatherapy, it is valued for its soothing effects and stress-relieving qualities. The rising popularity of natural ingredients in haircare products further amplifies its market appeal, showcasing coriander oil as a versatile and sought-after ingredient in the beauty and wellness industry.
- Growing Awareness of Natural Remedies
The coriander oil market is flourishing due to heightened consumer awareness of natural remedies. With a rising preference for organic and natural products, coriander oil is in demand for its therapeutic benefits in the pharmaceuticals and wellness sectors. For instance, its use in skincare formulations for its anti-inflammatory properties and aromatherapy for stress relief illustrates its versatile applications, driving market growth as consumers prioritize health-conscious choices in their daily routines.
Opportunities
- Expanding Application in the Food and Beverage Industry
Coriander oil's versatility as a flavoring agent is significantly driving its market growth in the food and beverage industry. It adds a distinctive, citrusy note to a variety of culinary products, from sauces and marinades to bakery items and confectionery. Moreover, its inclusion in alcoholic beverages such as gin enhances flavor profiles, appealing to discerning consumers seeking unique sensory experiences. This expanding application underscores coriander oil's pivotal role in shaping flavor trends and market demand.
- Shift towards Sustainable Sourcing and Production
The coriander oil market is experiencing a shift towards sustainable sourcing and production methods driven by consumer demand for eco-friendly products. Suppliers are increasingly adopting responsible practices to meet this demand. For instance, companies are investing in organic farming techniques and ensuring fair trade practices in sourcing coriander seeds. This trend not only meets consumer expectations for sustainable products but also enhances market competitiveness by promoting ethical standards in production.
Restraints/Challenges
- Volatility in Raw Material Prices
Volatility in coriander seed prices poses a significant obstacle to the coriander oil market. Fluctuations in raw material costs directly impact production expenses and profit margins, complicating pricing strategies and market stability. This instability creates challenges in forecasting and managing operational costs, potentially discouraging investments and hindering overall market growth.
- Competition from Substitutes
Competition from synthetic alternatives and similar coriander essential oils poses a significant threat to the coriander oil market. These substitutes can undermine demand for coriander oil by offering cheaper or more readily available options with comparable properties, thereby limiting its market share and growth potential in various applications such as cosmetics, aromatherapy, and pharmaceuticals.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Coriander Oil Market Scope
The market is segmented on the basis of type, distribution channel, end user, and application . The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Therapeutic Grade
- Others
- Raw
- Roasted
Application
- Medical
- Spa and Relaxation
- Food and Beverage
- Agrochemicals
- Cosmetics
Distribution Channel
- Organic
- Conventional
End User
- Households
- Food Service Industry
Coriander Oil Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type, distribution channel, end user, and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Asia-Pacific is expected to dominate the coriander oil market, driven by the widespread adoption of coriander seeds in sausages, candies, and soups. Increased consumer preference for coriander, coupled with rising spice cultivation and coriander essential oil benefits, will further fuel market growth in the region during the forecast period.
North America is projected to observe significant growth in the coriander oil market due to its widespread use in cooking. The increasing demand for coriander oil as a key flavor in salsas is expected to further drive market growth in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coriander Oil Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Ultra International B.V. (Netherlands)
- ALBERT VIEILLE (France)
- ELIXENS GROUP (France)
- Fleurchem, Inc. (U.S.)
- H.Interdonati, Inc. & FlavorPlus Division (U.S.)
- Penta Manufacturer (Germany)
- Treatt Plc (U.K.)
- Lebermuth, Inc. (U.S.)
- The John D. Walsh Company, Inc. (U.S.)
- SRS Aromatics Limited (U.K.)
- Merck KGaA (Germany)
- Phoenix Aromas & Essential Oils, LLC (U.S.)
- LLUCH ESSENCE, S.L.U. (Spain)
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