Geranium essential oil has a long and illustrious history in aromatherapy. It has various therapeutic effects, including harmonizing the mind and emotions and is well-known for its pleasant aroma. It has a warm, rosy scent that is uplifting, motivating, and inspirational. Moreover, it helps in alleviating mood swings, anxiety, symptoms of premenstrual syndrome (PMS), and sadness on an emotional level. It improves mental health and lowers anger, wrinkles, and aging indicators. Wrinkles are created by stress stored in the facial muscles beneath the skin, as well as by damaged, aging skin. Thus, due to its high antioxidant capabilities, geranium essential oil can help to maintain youthful and bright skin.
As it helps to restore confidence, release anger, and control overpowering emotions, geranium essential oil has a wide range of emotional benefits. It is recommended for people who have been profoundly harmed in the past due to traumatic breakups and who are unable to communicate their feelings. These qualities are allowing geranium oil to be used in aromatherapy products, which is driving the growth of the global geranium oil market.
Manufacturers have been obliged to change their attention from synthetic to natural products as consumer awareness of natural and organic personal care items, food, and beverages has grown, which has functioned as one of the primary forces influencing the global geranium oil market.
Another aspect impacting consumer preferences is the rising demand for natural products. People are becoming more interested in natural products as legislation encouraging the use of ecologically friendly components in the cosmetics and pharmaceutical industries continues to be enacted. The demand for 100% plant-based goods that are free of animal-derived ingredients and synthetic scents has risen dramatically in recent years. As a result, majority of the people are seeking health benefits from plant-based and natural goods. Thus, these factors are expected to fuel the demand for geranium oil during the forecast period.
Spa and wellness services are a collective term for a variety of services such as facials, body massages, pedicures, manicures, and body treatments that revive the mind and body and are offered under expert administrations. These customized services are expertly created to provide end customers with fitness, pleasure, peace of mind, health, and wellness. Furthermore, they aid in stress management, body detoxification, medical disorders, weight loss, and immune system enhancement. The industry growth is fueled by urban lifestyles, rise in demand from growing economies, new advances in spa services, and increase in demand from youth. Thus, owing to rise in aging population and surge in demand from emerging economies, the spa business is expanding exponentially, which, in turn, is anticipated to contribute toward the growth of the geranium oil market.
Furthermore, geranium essential oil has been used to cure health problems for generations, including anxiety, sadness, infection, and pain management. Furthermore, it exhibits antioxidant, antibacterial, and anti-inflammatory properties, which are projected to increase its demand as a therapeutic essential oil in spa and wellness centers to treat such ailments.
The global geranium oil market is segmented into nature, application, sales channel, and region. On the basis of nature, the market is categorized into organic and conventional. By application, it is segregated into aromatherapy, cosmetics & personal care, flavor & fragrances, and others. Depending on the sales channel, it is fragmented into B2B suppliers, hypermarkets/supermarkets, specialty stores, and online retail. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, United Arab Emirates, and rest of LAMEA).
The key players in the global market have adopted a variety of development methods to grow their market share, boost their profitability, and stay competitive. The key players profiled in this report include Firmenich SA, A. G. Industries, Mother Herbs (P) Ltd, Ultra International B.V., Floral Essential Oil, Berjé Inc., De Monchy Aromatics, Visagenics Premium Essential Oils, SVA Organics, and NOW Foods.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global geranium oil market along with the current trends and future estimations to elucidate the imminent investment pockets in the market.
- The report determines the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- It provides information regarding drivers, restraints, and opportunities with impact analysis.
- A - Quantitative analysis of the current market and estimation for the same from 2020 to 2031 is provided to showcase the financial competency of the market.
- The Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Nature
- Organic
- Conventional
By Application
- Aromatherapy
- Cosmetics And Personal Care
- Flavor And Fragrances
- Others
By Distribution Channel
- Specialty Stores
- Online Retail
- B2B Sales
- Hypermarkets And Supermarkets
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Egypt
- South Africa
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- firmenich sa
- Mother Herbs (P) Ltd
- A. G. Industries
- Floral Essential Oil
- Berjé Inc.
- De Monchy Aromatics
- Visagenics Premium Essential Oils
- SVA Organics
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Table of Contents
Executive Summary
According to this report titled, 'Geranium Oil Market,' the geranium oil market was valued at $73,835.10 thousand in 2020, and is estimated to reach $136,595.10 thousand by 2031, growing at a CAGR of 6% from 2022 to 2031.Aromatherapy has increased the use of essential oils as a potential therapeutic agent for massage, inhalation, and bathing. Increase in public awareness about the benefits of aromatherapy as a result of consumers’ growing interest in the natural care and getting back to nature will spur the creation of natural/organic components with healing properties. Geranium oil is a concentrated extract made from the leaves, herbs, and barks of the geranium plant. These are the volatile, aromatic essences of plants that have flavorful properties, making them useful in food and beverage, flavor and fragrance, cosmetics & personal care, home care & cleaning, and other applications. Consumers have become increasingly interested in natural products as alternatives to artificial additives or pharmacologically relevant chemicals in recent years. Essential oils have gained high traction in the food, cosmetics, and pharmaceutical industries.
One of the major drivers of the global geranium oil industry is the growing popularity of aromatherapy products. In addition, the increased demand for aromatherapy products is driven by convenience and cost. Moreover, the popularity of aromatherapy goods within the middle-income group is fueled by rise in disposable income in developing countries. Furthermore, health benefits of aromatherapy are growing the demand for home use, thus contributing toward the geranium oil market growth.
The market for geranium oil is quickly approaching the pre-COVID stages, due to economic recovery in most emerging economies, and a stable growth rate is envisaged throughout the forecast period. Unusual situations, on the other hand, depict a bleak picture as a result of the anticipated third and subsequent waves. For decades, geranium oil has been used to cure a variety of ailments, including anxiety, sadness, infection, and pain management, owing to its antibacterial, antioxidant, and anti-inflammatory properties. These factors are projected to boost geranium oil consumption after the COVID-19 prediction period.
The geranium oil market is segmented into nature, application, sales channel, and region. On the basis of nature, the market is categorized into organic and conventional. By application, it is segregated into aromatherapy, cosmetics & personal care, flavor & fragrance, and others. Depending on the sales channel, it is categorized into B2B suppliers, hypermarkets/supermarkets, specialty stores, and online retail. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, United Arab Emirates, and rest of LAMEA).
On the basis of nature, the organic geranium oil segment was valued at $11,864.3 thousand in 2020 and is expected to reach $23,434.2 thousand by 2031 at a CAGR of 6.6%. This is majorly attributed to increase in demand for pesticide-free, clean label, and natural products from consumers. Moreover, organic geranium oil is made from geranium plants that have been grown in soil that is free of pesticides, fungicides, herbicides, and synthetic fertilizers as well as containing no genetically modified organisms (GMOs), which fuel its demand across the globe.
By application, the aromatherapy segment is expected to grow at a CAGR of 5.9% in global geranium oil market forecast. People are significantly opting for aromatherapy as a traditional and holistic treatment to maintain health and well-being, which is expected to generate demand for various essential oil products, including geranium oil. Aromatherapy is a holistic healing technique that promotes health and well-being by using natural plant extracts.
On the basis of sales channel, the B2B suppliers’ segment was valued at $67,797.0 thousand in 2020 and is expected to reach $1,24,149.8 thousand by 2031 at a CAGR of 5.9%. B2B sales typically have higher order values, longer sales cycles, and are often more complex than B2C sales. In B2B sales, geranium oil is available in reasonable price compared to B2C and it is sold in a bulk quantity that makes it more attractive segment in the sales channel. Due to wide application of geranium oil in aromatherapy, cosmetics & personal care, flavor & fragrance, and pharmaceuticals industries, the demand is huge compared to B2C. Thus, B2B sales of geranium oil have accounted for a significant share in the global geranium oil market as it is a commercially used product in various end-use sectors.
In terms of region, in 2020, Europe garnered a share of 34.8% in the geranium oil market size, and is anticipated to dominate during the forecast period. The market is growing due to a strong need for preventative healthcare, healthy lifestyles, and a willingness to maintain an elegant appearance among people of all ages and genders in the region. Furthermore, easy availability of a wide range of essential oils, including geranium oil, in Europe is expected to drive geranium oil market demand.
The players operating in the geranium oil market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Firmenich SA, A. G. Industries, Mother Herbs (P) Ltd, Ultra International B.V., Floral Essential Oil, Berjé Inc., De Monchy Aromatics, Visagenics Premium Essential Oils, SVA Organics, and NOW Foods.
Key findings of the Study
- By nature, the organic segment is estimated to witness the fastest growth, registering a CAGR of 6.6% during the forecast period.
- On the basis of application, the aromatherapy segment held the highest share of 41.5% in 2020, growing at a CAGR of 5.9% during the forecast period.
- In 2020, depending on sales channel, the B2B segment was valued at $67,797.0 thousand, accounting for 91.8% of the global geranium oil market share.
- Geranium oil market analysis shows that, In 2020, the U.S. was the most prominent market in North America, and is projected to reach $37,093.8 thousand by 2031, growing at a CAGR of 5.2% during the forecast period.
Companies Mentioned
- firmenich sa
- Mother Herbs (P) Ltd
- A. G. Industries
- Floral Essential Oil
- Berjé Inc.
- De Monchy Aromatics
- Visagenics Premium Essential Oils
- SVA Organics
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | May 2022 |
Forecast Period | 2020 - 2031 |
Estimated Market Value ( USD | $ 73835.1 thousand |
Forecasted Market Value ( USD | $ 136595.1 thousand |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |