The chamomile oil market is estimated to secure a valuation of US$ 5.6 Billion in 2023 and is estimated to rise to US$ 8.6 Billion by 2033. The market is anticipated to grow at a CAGR of 4.4% during the forecast period. The factors accelerating the demand for chamomile oil are as follows-
Increased awareness regarding the health benefits of chamomile oil like it helps to reduce anxiety, boost mood, and eliminate stress. All these health benefits of chamomile oil are likely to drive market growth during the forecast period. Also, the increased application of chamomile oil in pharmaceutical a& medical care contributes to increased demand for chamomile oil.
The chamomile oil promotes relaxation and gives peace and is helpful for patients with insomnia. The use of chamomile oil as an aromatherapy agent is also on the rise due to its calming effect when inhaled or directly applied to the skin.
On the regional end, the chamomile oil market in North America is expected to account for the maximum share during the forecast period. One of the key drivers of regional growth includes the strong presence of key market players in the region & rising sales of essential oils for home use.
Chamomile oil offers a wide range of benefits that make it appealing to European consumers. From its natural healing property to its versatility as an ingredient in aromatherapy.
Asia Pacific is likely to account for a large share of the chamomile oil market and dominate the market in the coming years owing to the increased consumer awareness about the potential medicines & health benefits of using essential oils.
The leading players operating in the chamomile oil market are Sai Export India, Kanta Group, FZBIOTECH, Alba Groups Limited, Yafa Herbs, Camster herbs, Aromaz International, Lebermuth Company, Katyani among others.
The market players are focusing on new product development, quality control & following safety regulations to reduce the environmental impact. The market players are looking for new opportunities in the global cosmetic & pharmaceutical industry.
For instance, Sai export India has a wide range of aromatic essential oils which are mainly used in skin care & hair care. They produce Chamomile essential oil from the finest Anthemis nobilis (Chamaemelum nobile). Chamaemelum nobile is a plant that belongs to the Asteraceae species.
The chamomile oil market is expected to gain traction in the coming years with growing demand from the food & beverage industry, rising health consciousness among consumers & favorable government policies for product development. Thus manufacturers are introducing different products of chamomile oil, all with natural flavors. The start-up companies are offering chamomile oil alongside key market players to contribute to the chamomile oil market growth.
For instance, founded in 2015 - Cherish Bath and Body is a brand selling skincare products. Products sold are bath bombs, bath salts, bath teas, lip balms, facial serums, hair serums, oil botanica for youthful skin, essential oils, beard oils, and more. All these products are made up of natural ingredients like chamomile, myrrh, neroli, avocado, pomegranate, carrot seed & yang-yang.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 5.6 Billion |
| Projected Market Value in 2033 | US$ 8.6 Billion |
| Growth Rate (2023 to 2033) | CAGR of 4.4% |
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The increased usage of chamomile oil as an ingredient in many products like personal care products, health care products, and aromatherapy products. Chamomile oil helps to calm the nerves, fighting against anxiety and depression. Its calming serves as an emotion to help reduce anxiety, boost mood, and eliminate stress.
Numerous health benefits from chamomile oil are anticipated to drive the product demand in pharmaceutical and medical usages. The oil doesn’t contain any side effects is the driving demand for chamomile oil. Chamomile oil is used for the treatment of osteoarthritis. It can be significantly used for pain relief medication.
The increased usage of chamomile oil as an ingredient in many products like personal care products, health care products, and aromatherapy products.
Chamomile oil helps to calm the nerves, fighting against anxiety and depression. Its calming serves as an emotion to help reduce anxiety, boost mood, and eliminate stress.
Numerous health benefits from chamomile oil are anticipated to drive the product demand in pharmaceutical and medical usages.
The oil doesn’t contain any side effects is the driving demand for chamomile oil. Chamomile oil is used for the treatment of osteoarthritis. It can be significantly used for pain relief medication.
Principal Consultant
The USA is one of the key markets for chamomile oil worldwide. The US chamomile oil market is to notice a prominent growth rate during the assessment period 2021 to 2031.
Manufacturers in the United States of America are offering chamomile oil for use as a spice, natural seasoning, or flavoring in conventional food products. Natural extracts from chamomile as GRAS are used in food products.
Chamomile oil has been included as an ingredient in lotions, soaps, detergents, creams, and perfumes in the United States. In Canada, chamomile oil is used as an active ingredient of licensed natural health products, which is likely to boost the demand for chamomile oil over the forecasted period.
Chamomile oil is widely used in European countries for traditional herbal products and requires registration and pre-marketing authorization. Chamomile oil is used in herbal tea infusions for oral ingestion, steam inhalation, oromucosal, and topical applications.
Oral ingestions are used for the treatment of gastrointestinal, steam inhalation is used for the relief of the symptoms of the common cold, oromucosal is used for the treatment of ulcers, and cutaneous is used for wounds and small boils, which are the key drivers for the growth of the chamomile oil market in Europe.
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Some key manufacturers functioning in business in the chamomile oil market include
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Chamomile Oil Market
