Global Oregano Essential Oil Market – Industry Trends and Forecast to 2029

Oregano Essential Oil Market Analysis and Size

The market for oregano essential oils is primarily driven by the health benefits they offer. As a result, the market for their application has seen rapid growth, with them now being used in almost every industry, from food and beverage to medicines and animal feed, as well as personal care products.

Data Bridge Market Research analyses that the oregano essential oil market was valued at USD 0.50 billion in 2021 and is expected to reach the value of USD 0.91 billion by 2029, at a CAGR of 7.8% during the forecast period of 2022-2029. 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

Market Definition

The mint family includes oregano herb. Steam distillation is used to extract oregano oil from the leaves and flowers of the wild oregano plant. Carvacrol is an active ingredient in oregano that is widely used in a variety of medicines. Oregano oil is well known for its antimicrobial properties, as well as its antiviral and antifungal properties.

Global Oregano Essential Oil Market Dynamics

Drivers

• Growing demand for natural and herbal products

Individuals' growing health consciousness and preference for natural and herbal remedies are major factors driving growth in the global oregano oil market. Furthermore, adopting oregano oil in the healthcare sectors supports the target market's growth. Furthermore, one of the major important applications of oregano oil is as a preservative in many food industries to improve food shelf life, which also contributes to the target market's growth. Furthermore, rising applications and awareness of the benefits of oregano oil are factors supporting the target market's growth.

• The growing application in nutraceutical and pharmaceutical industries

In addition, oregano essential oil contains a variety of vitamins and minerals, including vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it is used as a diet supplement and as a key ingredient in several pharmaceutical products for the treatment of sores, cuts, bruises, burns, and athlete's foot and warts. Furthermore, as some plants seeds can be cultivated after five years, leading companies are investing in R&D activities to develop innovative and cost-effective technologies to ensure a consistent supply of oil resources.

Opportunity

Increased disposable income and standard of living are the major factors driving the growth of the essential oil market; increased demand for personal care products drives the market rapidly. The variety of essential oil applications in personal care products is expanding rapidly, which is likely to create new opportunities for oregano essential oil market manufacturers during the forecast period.

Restraints

The market's expansion, however, is expected to be hampered by a limited supply of raw materials and stringent quality standards. Consumption of natural resources and the subsequent outcomes associated with some essential oils limit market growth.

This oregano essential oil 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 oregano essential oil 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.

COVID-19 Impact on Oregano Essential Oil Market

Despite the fact that the COVID-19 pandemic had a negative impact on several industries, the essential oils market grew during this time. As mentioned oregano essential oils have antimicrobial, antioxidant, and anti-infective properties, they are used to treat a variety of health conditions such as stress, immunity disorders, sleep disorders, and depression. As a result, the importance of the essential oils market increased during the pandemic as the number of patients with mental health problems increased, propelling the market's growth.

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.

Recent development

• Gilbert, an Arizona-based company, announced the launch of the Essence by Isagenix Essential Oil collection in August 2018. The new product is intended to assist customers in meeting a variety of health and wellness needs, from stress relief to weight wellness journeys.
• Robertet, a natural ingredient producer, announced the launch of encapsulated powdered essential oil in June 2019. This new technology transports petroleum oils into powders with improved absorption by using the prebiotic insulin as a carrier. This is a new technology that allows the product to be used in the nutraceutical industry.

Global Oregano Essential Oil Market Scope

The oregano essential oil market is segmented on the basis of product type, form and end user. The growth amongst these segments will help you analyse 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.

Product type

• Natural Oregano Essential Oil
• Conventional Oregano Essential Oil

End user

• Pharmaceuticals
• Cosmetics
• Food and Beverages

Form

• Capsules
• Oregano liquid

Oregano Essential Oil Market Regional Analysis/Insights

The oregano essential oil market is analysed and market size insights and trends are provided by country, product type, form and end user as referenced above.

The countries covered in the oregano essential oil market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe has the largest market share in the oregano essential oil market and is expected to maintain its dominance during the forecast period, while North America has the second largest revenue share. The growing use of oregano oil in the region's food industry is driving up demand for the oil.

Asia Pacific market is expected to grow significantly due to the region's increasing use of oregano oil in medicines and aromatherapy.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like 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 Oregano Essential Oil Market Share Analysis

The oregano essential oil 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 oregano essential oil market.

Some of the major players operating in the oregano essential oil market are:

• GrainCorp (Australia)
• Malteurop (France)
• Rahr Corporation (U.S.)
• Boortmalt (Belgium)
• Indesso, (Spain)
• Lipoid Kosmetic AG, (Germany)
• The Herbarie at Stoney Hill Farm, Inc.(U.S.)
• International Flavors& Fragrances, Inc. (Netherlands)
• Bell Flavors& Fragrances (France)
• Rutland Biodynamics Ltd. (Scotland)
• Prakruti Products Pvt. Ltd (India)
• AmbePhytoextractsPvt. Ltd. (Austria)
• The Green Labs LLC (Netherlands)
• Berje, Inc. (Italy)
• Umalaxmi Organics Pvt. Ltd. (India)
• DSM (Netherlands)

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