The global Clary Sage Oil market is expected to reach a market valuation of US$ 708 million by 2023, recording a CAGR of 4.2% from 2023 to 2033.
Salvia sclarea, usually referred to as clary sage, is a herb valued for both its flavor and its therapeutic benefits. The qualities of the seeds, stems, flowers, and leaves vary. Because of its calming properties, clary sage essential oil is utilized in aromatherapy. Clary sage essential oil has sedative properties that reduce nausea, anxiety, and impatience while promoting sensations of relaxation, clarity, and peace. It can be characterized as sweet, herbal, gentle, green, lavender, and woody, with a warm mid-note like tea or tobacco that dries down to a warm, balsamic smell.
| Attributes | Details |
|---|---|
| Clary Sage Oil Market Size (2023E) | US$ 708 million |
| Clary Sage Oil Market Projected Size (2033F) | US$ 1,184 million |
| Value CAGR (2023 to 2033) | 4.2% |
| Top 3 Countries Marketing Share | 60.1% |
Due to its connection to the dopamine hormone, the oil can be utilized to treat depression. It is suitable for usage in a variety of therapeutic applications due to its capacity to function as an antibacterial and antifungal agent. Also, because it is a digestive herb, taking it orally might soothe an upset stomach and treat gas. Moreover, it has been shown to increase libido in both men and women. Clary sage oil promotes a sensation of wellbeing, which can help reduce stress.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Clary Sage Oil.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 4.1% |
| Jul-Dec (H2), 2021 (A) | 4.2% |
| Jan-Jun (H1), 2022 Projected (P) | 3.9% |
| Jan-Jun (H1), 2022 Outlook (O) | 3.8% |
| Jul-Dec (H2), 2022 Projected (P) | 3.7% |
| Jul-Dec (H2), 2022 Outlook (O) | 3.4% |
| Jan-Jun (H1), 2023 Projected (P) | 3.3% |
The clary oil is becoming increasingly popular due to the numerous benefits it offers. Clary sage oil has a number of benefits, including the potential to treat a number of illnesses, treat insomnia, ease anxiety, relieve stress, and allergies, as well as be used in cosmetics. Moreover, clary sage oil is used to freshen up homes and remove unpleasant odors. By far the biggest factor supporting the worldwide clary sage oil market is the growing public awareness of the health advantages of using the oil.
Additionally, it is anticipated that the market for clary sage oil will grow as a result of intensifying research and development efforts aimed at the introduction of new products that incorporate these oils with greater functionality and the incorporation of newer blends suitable for a variety of applications. Due to the widespread knowledge of the therapeutic benefits of these essential oils and oils used in aromatherapy, it is predicted that the global market for clary sage oil and aromatherapy will expand at a faster rate.
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Due to the lack of a big market player and the rising demand and popularity among consumers for products that support health and nutrition, there are numerous potential for players to grow in the clary sage oil market. Also, the use of clary sage oil and aromatherapy in the medical field is expanding, increasing demand for these products globally. The market for clary sage oil and aromatherapy is expanding as a result of rising consumer experimentation for treatments for non-conventional health issues, providing potential for industry participants.
The US Food and Drug Administration (FDA) defines essential oils, deciding if they are a cosmetic, medication, household item, or something else entirely. Based on the anticipated use of the product, they draw their judgments. One way the FDA evaluates intended usage is through classification statements made for essential oils. In addition, because essential oils are not regulated pharmaceuticals like prescription drugs, they have not undergone the same extensive testing as medical procedures that have been approved by the FDA. Moreover, ingesting essential oils to treat medical conditions could cause major physical harm, which is anticipated to restrain market expansion.
Due to growing product penetration in the personal care, pharmaceutical, and cosmetics industries, the Asia Pacific region accounted for a sizable portion of global sales. Furthermore, as customers spend on high-end beauty products with natural ingredients like clary sage essential oil extracts from organic sources devoid of synthetic chemicals and pesticide residues, rising disposable income levels are predicted to fuel business expansion over the next years. Furthermore, due to the expanding economies of China and India, Asia will continue to be a prospective market. The market for clary sage oil has enormous potential due to its wide range of applications.
Both in terms of value and volume, Europe controlled the world market for clary sage essential oil. The growth is linked to the significant increase in consumer knowledge of alternative medicine as well as the increasing demand for therapeutic-grade products. The regional market is anticipated to experience growth during the projected period as a result of the increased popularity of natural ingredients across numerous sectors. The biggest producers and exporters of clary sage oil have historically been European nations, followed by North America.
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By 2033, the market for cosmetics and personal care is anticipated to command the biggest revenue share. Sage aids in the relief and recovery of itchy skin disorders. Together with eczema and psoriasis symptoms, sage can assist with spots, athlete's foot, parched skin, and other skin conditions. The oil from the leaf is often used in face and body cleansers, deodorants, and antifungal management because of its astringent properties, which are the main factor fueling the growth of this market. The essential oil has long been used in medicine to treat irritation and infections since it is thought to contain carminative, antispasmodic, antibacterial, and caustic properties.
By 2033, the pure sector is anticipated to command the most revenue share of the entire market. Salvia officinal, or sage, is a common name for this organic essential oil, which is 100% regular and unalloyed. It is produced using the flowering tops' steam concentration. Sage has a long history of usage in traditional medicine. The fact that ailments including coughs, asthma, bronchitis, angina, inflammation, depression, digestive and circulatory issues, as well as others, have all been associated with it in cultures around the world is a big factor in this market's expansion.
The Clary Sage Oil market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Type, Application, Region |
| Key Companies Profiled | Indian essential Oils; The Essential Oil Company; Biolandes; Bontoux S.A.; Augustus Oils Ltd; M&U International LLC; Avoca Inc.; Lluch Essence S.L.; Lansdowne Chemicals; Taytonn PTE Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Clary Sage Oil Market is valued at US$ 708 million for 2023.
The Clary Sage Oil Market valuation is expected to be US$ 1,184 million in the year 2023.
The value of CAGR for the Clary Sage Oil Market is estimated to be 4.2%.
The sports drink segment would garner a significant market value share by 2023.
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Clary Sage Oil Market
