Present purchasing habits among consumers in Asia Pacific indicate that the regional industry for essential oil and oleoresins is set to surge consistently at a 3.2% CAGR over the next 10 years.
Increasing investments in Asia Pacific due to favorable business scenarios in the region are expected to propel industry growth. The Asia Pacific essential oil and oleoresin industry is predicted to go beyond USD 25,329.6 million by 2034.
| Attributes | Key Insights |
|---|---|
| Asia Pacific Essential Oil and Oleoresin Industry Size (2024E) | USD 19,189.1 million |
| Industry Valuation (2034F) | USD 25,329.6 million |
| Value-based CAGR (2024 to 2034) | 3.2% |
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| Leading Application | Food and Beverages |
|---|---|
| Value Share (2024) | 43.6% |
Essential oils and oleoresins are massively consumed by the food and beverage industry. The food and beverage segment is projected to account for a 43.6% value share in the Asia Pacific. Growing preference for food products made of natural ingredients is propelling the sales of essential oils and oleoresins. Surging demand for delectable food items is another propeller for this segment’s growth.
| Leading Distribution Channel | Indirect Sales |
|---|---|
| Value Share (2024) | 68.3% |
Indirect sales of essential oils and oleoresins are expected to surpass direct sales. Sales generated from indirect sales are predicted to account for 68.3% of the regional industry. Key players are increasingly collaborating with resellers and distributors to sell oleoresins and essential oils to customers. Players prefer these distributors as they help expand the reach and sales of their products.
Principal Consultant
| Countries | CAGR from 2024 to 2034 |
|---|---|
| China | 3.4% |
| India | 5.4% |
| Japan | 4.2% |
The essential oil and oleoresin industry in China is predicted to surge at a 3.4% CAGR in the proceeding decade. Players operating in the oleoresins industry are giving a tight competition to players from other countries.
The country’s strategy for dominance has up till now been the execution of restrictive trade practices against Indian firms running in China, whereas functioning in India with disregard to numerous norms. In the past, Chinese firms established a plant in India to not only enjoy superior quality turmeric, chili, and pepper but also to adopt advanced technology and obtain semi-processed material for mother plants in the homeland.
India’s essential oil and oleoresin industry is estimated to assume a pace of 5.4% over the next 10 years. India presently holds a key position in the oleoresin industry. Substantial consumers of oleoresins are the processed food sector, spice blenders, seasoning firms, meat processors, flavor and fragrances makers, and organic retail chains in fragrances and cosmetics.
Players are introducing natural flavoring and coloring agents as health-conscious consumers continue to surge in India. Additionally, the sales of essential oils are also observing rapid growth. Surging innovations in the food and beverage industry, like the introduction of essential oil-infused ice cream flavors are attracting more customers. Significant potential in the food and beverage industry is propelling players in the essential oil sector to collaborate with food and beverage companies to innovate food using special ingredients.
Demand for essential oils and oleoresins in Japan is predicted to propel at a 4.2% CAGR over the upcoming decade. Key players in Japan are introducing essential oils to international consumers for purposes like aromatherapy, wellness, and baths. Growing demand for natural ingredients among Japanese consumers is creating substantial opportunities for industry players. Increasing use of oleoresin as a perfume or flavor in cosmetics, soaps, and food is propelling its growth in Japan.
New players in the industry are collaborating with local co-ops to raise their distribution prospects and gain country-wide visibility. Additionally, due to rising demand for organic and natural products, players are partnering with the food and beverage sector to drive new and exciting innovations in this category.
A substantial focus of players is going to remain in the food and beverage sector due to considerable growth in this segment. Industry participants are collaborating with researchers to lead to drug discovery. Furthermore, an expanding industry for dietary supplements is also predicted to enhance the scope for oleoresins and essential oils.
Industry players are expected to incline toward collaborative strategies to massively increase their filler speed and yield. Industry contenders are expected to achieve a competitive edge over their peers by investing in the latest stainless steel machinery that enhances the yield. Fast-growing fields like aromatherapy and relaxation are expected to create opportunities for industry players.
News Coverage of Developments Taken Place in Asia Pacific
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Sales of essential oils and oleoresins are going to equate to USD 19,189.1 million by 2024 end.
Sales of essential oils and oleoresins in Asia Pacific are increasing at a 3.2% CAGR in the forecast period.
Demand for essential oils and oleoresins in Asia Pacific is projected to reach USD 25,329.6 million by 2034.
Food and beverages segment is a prominent consumer of oil and oleoresins.
doTERRA International LLC, Mountain Rose Herbs, Inc., and Synthite Industries Ltd. are some of the top players in the regional industry.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Black Pepper
5.3.2. Cardamom
5.3.3. Capsicum
5.3.4. Turmeric
5.3.5. Cinnamon
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Food and Beverages
6.3.2. Confectionery
6.3.3. Pharmaceutical
6.3.4. Cosmetics and Personal Care
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Country, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Country, 2024 to 2034
7.3.1. India
7.3.2. South Korea
7.3.3. Singapore
7.3.4. Thailand
7.3.5. Malaysia
7.3.6. Rest of Asia Pacific
7.4. Market Attractiveness Analysis By Country
8. India Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Region
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Region
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. South Korea Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Region
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Region
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Singapore Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Region
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Thailand Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Region
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. Malaysia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Region
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.2. By Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Application
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Mountain Rose Herbs, Inc.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Synthite Industries Ltd.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Clarion Casein Ltd.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Universal Oleoresins Private Limited
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Young Living Essential Oils LC
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Natures S.A
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Alchem International Ltd.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Indena S.p.A
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Kancor Ingredients Ltd.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Industry Analysis of Essential Oil and Oleoresin in Asia Pacific
