Hinoki Oil Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: FB24012501 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of Hinoki oil was valued at USD 22.1 billion in 2022, and a CAGR of 8.2% is expected during the forecast period. Hinoki oil is used in the aroma industry; it is derived from the Hinoki cypress tree and is known for its woody, refreshing aroma. It’s often used in aromatherapy and skincare products due to its potential benefits, claiming antimicrobial properties.
Increasing demand for natural and organic products in the beauty and personal care industries is driving growth in the Hinoki oil market. Rising awareness about aromatherapy and the potential health benefits associated with hinoki oil, including its antibacterial and stress-relieving properties, is driving the demand for hinoki oil.
Impact of
Covid-19
COVID-19 had a negative impact on the Hinoki oil market
in the initial stage due to disruptions in supply chains and fluctuations in
consumer demand. Lockdowns and restrictions had impacted production and
distribution, leading to challenges for suppliers. However, the increased focus
on health and well-being during the pandemic has also driven interest in
natural products like hinoki oil, which boosted the demand for the oil in the
market significantly. Increasing demand for stress-relieving products is driving
the growth of the market.
Growth Drivers
Increasing demand for stress-relieving oil, which is full of aroma, is driving growth in the Hinoki oil market. Rising demand for natural and organic products in the beauty and personal care industries is driving growth in the Hinoki oil market. The antimicrobial and stress-relieving properties of hinoki oil have increased its demand in the market significantly. The expanding wellness industry and demand for hinoki oil in skincare and massage are driving the growth of the market significantly.
Hinoki oil is used
in room fresheners and diffusers, providing a natural and refreshing fragrance
to indoor spaces. Due to its natural preservation properties, hinoki oil is
used significantly in food preservation. It is used as massage oil and in bath
products due to its stress-relieving properties. Increasing demand for
aromatherapy is driving the growth of the market significantly.
Segmentation
Source
·
Woods
·
Leaves
·
Bark of the
Hinoki Cypress Tree
End User
Application
·
Aromatherapy
·
Skincare
·
Wellness and
Spa
Distribution
Channels
·
Retail Stores
·
Online
Platforms
Product Form
·
Pure Essential
Oil
·
Blended
Products
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and
Africa
Hinoki Oil
Market End-User Segmentation
On the basis of end-user segmentation, the Hinoki oil market was segmented into aromatherapy, skincare, wellness, and spa. Aromatherapy is the leading segment, and it is expected to dominate the market during the forecast period. It is valued for its aromatic and therapeutic properties. Increasing demand for hinoki oil to promote relaxation and reduce stress is driving the growth in the hinoki oil market significantly.
Due to its
anti-inflammatory and anti-microbial properties, it is used in skincare as
well. Its woody scent enhances the spa experience, contributing to a calming
atmosphere. It always dilutes essential oils and performs a patch test before
skin application. The increasing number of massage centers all over the world
is driving the demand for hinoki oil. Increasing demand for the oil, which does
provide stress-relieving sense to consumers, is the most prevalent. The
increasing growth of aromatherapy, along with massage centers, parlors, and
spas, is driving the growth of the market.
Hinoki Oil
Market Distribution Channel Segmentation
On the basis of the distribution channel, the Hinoki
oil market is segmented into retail stores and online shopping. Online mode,
due to their easy accessibility in all over the world, are the leading segment
and are expected to lead the market significantly during the forecast period in
all over the world. Online shopping is also in demand due to the increasing
trend of shopping for things online in a much easier and more convenient way.
It is also distributed through wellness and aromatherapy centers, catering to
the needs of consumers seeking natural and therapeutic products. Increasing
demand for the products, by which we do get rid of stress, is in demand. The
increasing number of beauty salons, massage parlors, and spas is driving the
growth of the market.
Regional
Outlook
On the basis of the regions, the hinoki oil market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific is the leading segment and is expected to dominate the market during the forecast period. Since Hinoki cypress is native to East Asia, countries in this region like Japan and Taiwan have a strong presence in the Hinoki oil market due to increasing growth and awareness of health and wellness trends.
The increasing number of massage centers to provide relaxation to the growing population is driving growth in countries like India and China. North America has a strong market and is expected to witness steady growth due to increasing interest in wellness and holistic products, including hinoki oil. With the rise of e-commerce and the global popularity of essential oils, hinoki oils have a presence in various regions worldwide.
Regions where hinoki oil has cultural or holistic significance notice the higher acceptance and usage of hinoki oils in traditional practices, which is the reason behind the significant growth in hinoki oil industries in the North American region. European countries have a well-established health sector, and growing awareness about natural and organic products is driving significant growth in the market. European countries like the UK, Germany, France, Italy, and Greece are noticing significant growth during the forecast period.
Earlier, Hinoki oil was not popular in European countries, but later on, due to rising interest in the health and wellness industry, the European market also witnessed significant growth. The increasing number of skin healthcare centers and massage centers is developing the interest of people in North America and Europe. The Middle East and Africa are witnessing slow growth in comparison to the rest of the world. The key factors behind the growth in this market are increasing disposable income, growing urbanization, and rapid industrialization.
Key Players
·
Young Living
Essential Oils
·
DoTERRA
International
·
Edens Garden
·
Mountain Rose
Herbs
·
Now Foods
·
Healing
Solutions
·
Native American
Nutritionals
·
Plant Therapy
·
Eden Botanicals
·
Rocky Mountain
Oils
· Other Players