Helichrysum Oil Market

The global market value of Helichrysum Oil Market was valued at USD XX.X billion in 2022, and CAGR of 5.5% is expected during the forecast period. Helichrysum oil is produced from the blooms of the helichrysum genus of the plants. An increase in consumer awareness about skin health and increasing demand for health and wellness products is driving the growth in the market. Increasing demand for the product due to increased health advantages and increasing advertisement of the product is driving growth in the market significantly.

Rising disposable income and increasing urbanization are the key factors behind the significant growth in the market. Increasing demand for helichrysum oil for skincare, food and beverage, and pharmaceutical industries is driving growth in the market significantly. An increasing number of beauty parlors, saloons, and spas are growing the demand for the product.

Growth Drivers

Rising demand for natural and organic products, particularly in personal care and wellness, is driving growth in the market significantly. Increasing demand for this oil due to its natural healing properties is the main reason behind its popularity in the market. Expanding interest in aromatherapy, both for personal use and in wellness centers, has significantly boosted the demand in the market. Its anti-inflammatory, antimicrobial, and antioxidant properties make it a sought-after oil in this space.

Helichrysum oil is widely used in skincare products for its potential to reduce inflammation, treat acne, and promote skin healing. Growing demand for anti-aging and therapeutic skincare products drives its inclusion in a variety of cosmetics. Growing consumer awareness about the health benefits of consumer oils, including their use in pain relief, wound healing, and scar reduction, is a major driver for the helichrysum oil market. Increasing demand for herbal and alternative medicine, helichrysum oil’s medicinal properties, such as its use in respiratory conditions and improving digestive health, contribute to its market expansion.

Rising trend towards sustainable and eco-friendly option practices in agriculture and product sourcing. Helichrysum oil, often derived from organically grown plants, appeals to environmentally conscious consumers. Ongoing research into the therapeutic benefits and new applications of helichrysum oil in pharmaceuticals, cosmetics, and the wellness industry further propels the market growth. The rising trend towards sustainable and eco-friendly products in agriculture and product sourcing is driving growth in the market. Increasing consumer awareness about health benefits and increasing demand for herbal and organic products are driving growth in the market significantly.

Segmentation

By Nature

·         Conventional

·         Organic

By Source

·         Flowers

·         Leaves

·         Others

By End-User

·         Pharmaceuticals

·         Aromatherapy

·         Food and Beverages

·         Personal Care Products

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Helichrysum Oil Market by Nature Segmentation

On the basis of nature, the Helichrysum Oil Market is segmented into conventional and organic. Organic helichrysum oil is the leading segment and is expected to dominate the market during the forecast period. Increasing consumer demand for natural, sustainably sourced, and chemical-free products, especially in sectors like personal care, aromatherapy, and pharmaceuticals.

The growing trend of eco-consciousness, particularly in regions like North America and Europe, has made organic oils more popular due to their perceived purity and health. Preference for organic products is further fueled by rising disposable income and awareness of environmental and health impacts of synthetic chemicals, making organic Helichrysum oil the preferred choice over its conventional counterpart. Rising demand for the oil in health and wellness sectors, food and beverages, and the pharmaceutical industry is the main reason behind the significant growth in the market.

Increasing demand for oil in aromatherapy and personal care products is driving growth in the market. Conventional helichrysum oil market refers to the segment of helichrysum oil produced using traditional farming practices without specialized methods. Conventional oil is often more affordable compared to organic varieties, making it widely used across industries such as pharmaceuticals, food and beverages, personal care, and aromatherapy.

Regional Outlook

On the basis of the regions, the helichrysum oil market is segmented into 5 parts: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. North America is the leading segment, and Asia Pacific is expected to dominate the market due to rising disposable income, flourishing cosmetics and food and beverages, along with the pharmaceutical industry. Emerging economies like China, Japan, and India are witnessing significant growth due to rising demand in the cosmetics industry.

Increasing consumer awareness of essential oils and their benefits, particularly in the personal care and aromatherapy markets, with steady growth due to increasing popularity of natural and organic products in the United States of America and Canada. North America, due to increasing urbanization, and rising expenditure in the wellness industry is driving demand in the market. Increasing demand for natural and organic products in developed countries of North America and the European region is witnessing significant growth in the market.

Increasing demand for the oil in aromatherapy, skin care products, and the pharmaceutical industry is driving growth in the market. Europe is also witnessing significant growth in the market. Countries like France, Italy, and Germany are major players in the Helichrysum oil market significantly. The presence of key players in North America and Europe is witnessing significant growth in the market.

The European region’s tradition of using essential oils and well-established beauty and wellness sector is driving growth in the market. Europe has a high demand for organic Helichrysum oil, especially in personal care and the cosmetics industry, as customers prioritize eco-friendly and sustainable-sourced products. Increasing demand for local cultivation is also growing the market significantly in the region. Europe, with its traditional use of essential oils and preference for organic products, is witnessing significant growth in the market.

Latin America, the Middle East, and Africa are witnessing steady growth due to the expanding wellness and personal care markets. Countries like Brazil and Argentina, along with South Africa, Israel, and Egypt, are witnessing significant growth due to the flourishing wellness industry.

 Key Players

·         New Foods Essential Oils

·         Fabulous Frannie Esential Oils

·         Young Living Essential Oils

·         Helichrysum Croatia

·         Nature’s Sunshine Products

·         AOS Products Private Ltd.

·         Kis Oils

·         Radha Beauty Essential Oils

·         Highland Essential Oils

·         Other Players