The patchouli oil market generated a total revenue of USD 73.11 million in 2022. The industry is anticipated to expand at a tepid CAGR of 3% over the forecast period, to attain a market revenue of USD 101.4 million by 2033.
Key Drivers for Patchouli Oil Market:
Opportunities:
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Natural ingredients are gently capturing the zeitgeist and gaining traction over synthetic molecules that have dominated for decades. The market has evolved into a green age, where sustainable resources are vital ingredients, and the new trend.
Evolving into eco-perfumes, it is estimated that, the business has doubled in the last five years. A long time back, synthetic ingredients were added in perfumes to replace animal notes that were banished on grounds of cruelty or cost.
But the decrease in the use of synthetic perfumes and the use of natural ingredients in perfumes are back in trend. This has now become an increasingly global niche movement by the manufacturers themselves.
This has led to the manufacturers using essential oils such as patchouli oil in perfumes that could increase the eco-perfume value. Also, patchouli oil is extracted from plants and not animals, and thus, there is no cruelty involved.
The patchouli oil industry is adversely affected by stern laws introduced by government bodies. Various aspects of essential oils, including patchouli essential oil, are regulated, such as marketing, sales, and labeling.
The regulation on these products pertain to permit, residual management issues, entry of new players, and product expiry date. In Europe, for instance, numerous essential oils are considered as dangerous chemical substances. The end usage of essential oil dictates the criteria for regulations on essential oil.
If the final product, for instance, is indorsed as a medicinal product, then the essential oil is likely to have to follow pharmaceutical standards. Annex II and III of Cosmetic Regulation No. 1223/2009 legalize essential oils in cosmetic products in Europe. Stringent laws like these are likely to hamper market growth in the upcoming years.
| Attributes | Details |
|---|---|
| Patchouli Oil Market Value (2023) | USD 75.3 million |
| Patchouli Oil Market Forecast Value (2033) | USD 101.4 million |
| Patchouli Oil Market CAGR (2023 to 2033) | 3% |
Principal Consultant
The patchouli oil market attained a market revenue of USD 73.11 million in 2022, expanding at a tepid CAGR of 2.6% in the historical period. In the preceding years, the market has been driven by surge in the use of herbal products, rising demand for patchouli essential oil from perfumery industry, and gradual increase in the awareness regarding many health benefits of patchouli oil.
According to Future Market Insights (FMI) recent analysis, the patchouli oil industry is anticipated to reach USD 101.4 million by the end of 2033, registering a CAGR of 3%. FMI identifies key developments that is assessed to spur market growth:
Short Term Growth (2022 to 2025):
The market is anticipated to reach USD 75.3 million by 2025. Rising application of patchouli oil due to its anti-fungal, anti-inflammatory, antidepressant, aphrodisiac, and pain-relieving properties, among many other qualities, is projected to have a positive impact on the sales of patchouli oil. Emerging demand for eco-perfumes is also expected to push market growth.
Medium Term Growth (2025 to 2028):
By 2028, the market is assessed to generate revenue of USD of final consumers of the product. Cosmetics manufacturers, for instance, are expected to zero in on the utilization of organic patchouli oil to differentiate and market their products as free from harmful chemicals.
Long Term Growth (2028 to 2032):
By the end of 2032, the market is slated to reach USD 98.25 million. For the long-term growth in the patchouli oil industry, the market vendors are projected to focus more on growth prospects of the fast-growing segments.
Meanwhile, the vendors are likely to maintain their positions in the segments growing at a snail-pace. Execution of innovative marketing strategies is projected to play a crucial role in the market growth.
The awareness about clean label products among the millennial population has steadily increased over the past several years. Consumers want to buy goods that they trust. This is the reason that the manufacturers of food and beverages as well as consumer products are shifting towards more organic and natural ingredients in the goods that they produce.
The use of natural ingredients such as patchouli oil in products has increased the demand for essential oils in the global market.
These natural oils also have medicinal properties, which could be a benefit for manufacturers, as these properties could be included on the labels to increase the overall value of the product that they are manufacturing. This could allow manufacturers to experiment with the average pricing of the goods that include patchouli oil.
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The demand for light patchouli oil is surging on account of its high preference among customers who have low tolerance to heavy fragrances, such as those with allergies or respiratory problems like asthma. The light patchouli segment is estimated to expand at 3.1% CAGR over the next 10 years.
The growing application of light patchouli oil for skin improving purposes like treating chapped and dry skin, and significant reduction in scars is projected to boost its utility in cosmetics and personal care, and pharmaceutical industries.
| Historical CAGR (2017 to 2022) | 2.8% |
|---|---|
| Forecast CAGR (2023 to 2033) | 3.1% |
The conventional patchouli oil is projected to witness surge in sales over the forecast period, exhibiting a CAGR of 2.8%. The high sales of conventional patchouli oil, in comparison to its organic variant, can be attributed to its affordable price range.
Additionally, the conventional ones are easily available at supermarkets and stores. Easy access to the standard patchouli oil is another significant factor backing the segment growth.
In recent years, the deep penetration of internet has substantially contributed to the boom of e-commerce sector. Many e-commerce sites offer discounts, rebates, and virtual vouchers to increase their sales. Hassle free online purchases has also increased consumer willingness to explore new products, like patchouli essential oil, that promote overall well-being.
| Historical CAGR (2017 to 2022) | 2.5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 2.8% |
Pharmaceutical:
The demand for patchouli essential oil is elevating in pharmaceuticals. This essential oil yields curative effect on skin for various dermatological issues like lice infestations, acne vulgaris, etc.
Additionally, the essential oil is also effective in treating bad breath and dental issues, as it promotes good probiotic bacteria and inhibits infectious microbes. The use of patchouli oil further facilitates wound healing and prevents it from infections like tetanus.
Personal Care:
The extensive use of patchouli oil in personal care products like moisturizers, soaps, etc. due to its anti-inflammatory properties is projected to be favorable for market growth. The use of patchouli oil in cosmetics and perfumes is rising due to its soothing attributes.
The oil is utilized in the production of diverse range of perfumes owing to its unique fragrance that helps create a distinct identity. Broad use of these oils across different applications due to surging preference for natural and organic cosmetic ingredients is projected to boost the segment growth.
Cosmetics:
The increasing demand for patchouli essential oil in cosmetics like lotions, soaps, shampoos is expected to contribute towards market growth. Manufacturers of multifarious cosmetics are utilizing patchouli essential oil to add distinct scent to their products.
Additionally, the ever-widening application spectrum of patchouli oil owing to rising preference among consumers towards natural and organic beauty products is anticipated to boost market growth.
Rising Use of Patchouli Essential Oil for its Anti-inflammatory Functions
The rising utilization of patchouli body oil to treat joint pain and arthritis is projected to boost market growth. Anti-inflammatory, strong analgesic, and pain-relieving properties found in patchoulene, a bio-active component, is increasing patchouli oil uptake to relieve pain and inflammation in the aforementioned conditions.
Since patchouli oil is a natural vasodilator, it is used to cure painful muscle spasms, arthritic conditions, sore muscles, and other inflammatory conditions. Increasing cases of arthritis and joint pain, among other anomalies, is anticipated to boost anti-inflammatory segment growth.
| The United States Market Size (2033) | USD 22 million |
|---|---|
| Estimated CAGR | 2.6% |
| India Market Size (2033) | USD 9 million |
|---|---|
| Estimated CAGR | 2.6% |
| Germany Market Size (2033) | USD 6.3 million |
|---|---|
| Estimated CAGR | 2.5% |
| China Market Size (2033) | USD 6.7 million |
|---|---|
| Estimated CAGR | 4.1% |
| The United Kingdom Market Size (2033) | USD 4.1 million |
|---|---|
| Estimated CAGR | 2.6% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 22 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 4.9 million |
The United States patchouli oil market is projected to lead the market over the forecast period. The market is estimated to attain USD 22 million by 2033, expanding at a CAGR of 2.6%.
Growing demand for natural ingredients in personal care products, and rising interest for organic beauty and wellness products among consumers across the nation, are projected to boost market growth over the forecast period.
Moreover, an increase in the demand for organic and clean-label products among people of America is expected to have a positive influence over the patchouli oil in the United States. Additionally, the emerging demand for eco-perfumes is also projected to boost the sales rate of patchouli oil perfume over the upcoming years.
| Historical CAGR (2017 to 2022) | 2.2% |
|---|---|
| Forecast CAGR (2023 to 2033) | 2.6% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 6.7 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 2.2 million |
China patchouli oil market is assessed to reach USD 6.7 million by the end of 2033. The growth rate assumed by China market for the forecast period is 4.1% CAGR.
Large consumer base in Asia country, prominently evolving lifestyle, and rising inclination towards natural cosmetics over synthetic ones, are some of the factors supporting the regional growth.
Increasing application of patchouli essential oil in medicine, perfumes, and flavorings offer high-growth opportunities for market growth. The expanding pharmaceutical industry in China is also projected to have a positive effect on the utilization of patchouli oil over the forecast period.
| Historical CAGR (2017 to 2022) | 3.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.1% |
Patchouli oil is produced locally in regions such as Indonesia, India, China, Taiwan, Malaysia, etc., and there are very few global scale players in this market. The companies that produce patchouli oil are mostly present in the regions where it is cultivated, and are not present at a global level.
They export the oil to the required companies via agents. This has led a few companies having a high global share and best profit margins by directly going into partnerships with these local companies that produce patchouli oil.
There are only selective companies such as Givaudan S.A., Takasago International Corporation, and Ultra International B.V. that are present in this market with a joint partnership and a significant global presence. The opportunities for new players in the patchouli oil market are high, due to the increasing demand for essential oils from various industries.
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million/ billion for Value |
| By Product Type | Light Patchouli Oil, Dark Patchouli Oil |
| By Nature | Organic, Conventional |
| By Extraction Process | Steam Distillation, Hydro Distillation |
| By End Use | Cosmetics and Personal Care, Aromatherapy, Food & Beverage Industry, Pharmaceutical, Others |
| By Distribution Channel | Direct, Indirect |
| By Function | Anti-inflammatory, Anti-depressant, Flavoring Agent, Mood-harmonizer, Deodorizing, Others |
| By Region | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Middle East and Africa |
| Key Countries Covered | The United States, Brazil, Mexico, Canada, the United Kingdom, Germany, France, Spain, Italy, Russia, Argentina, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Australia, Poland, China, New Zealand, Japan, GCC countries, South Africa, others |
| Key Players | BERJÉ INC; Eastern Agencies Aromatics Pvt. Ltd.; Givaudan S.A.; Firmenich S.A.; Nusaroma PT; PT Indesso Aroma; Takasago International Corporation; PT Mitra Ayu Adi Pratama; Djasula Wangi PT; Ultra International B.V. |
The market will be valued at USD 75.3 million in 2023.
The CAGR for the market is 3% until 2033.
30% to 50% capacity is likely to remain preferred until 2033.
A USD 6.7 million market is estimated for China by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Light 5.2. Dark 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Nature 6.1. Organic 6.2. Conventional 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Extraction Process 7.1. Steam Distillation 7.2. Hydro Distillation 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Cosmetics and Personal Care 8.1.1. Hair Care 8.1.2. Skin Care 8.1.3. Perfumes and Fragrances 8.2. Aromatherapy 8.3. Food & Beverage Industry 8.4. Pharmaceutical 8.5. Others 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel 9.1. Direct 9.2. Indirect 9.2.1. Specialty Stores 9.2.2. Drug Stores 9.2.3. E-Retail 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Function 10.1. Anti-inflammatory 10.2. Anti-depressant 10.3. Flavoring Agent 10.4. Mood-harmonizer 10.5. Deodorizing 10.6. Others 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Asia Pacific 11.6. Middle East and Africa 12. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Ultra International B.V. 20.2. Givaudan S.A. 20.3. Berje Inc. 20.4. PT Mitra Ayu Adi Pratama 20.5. Takasago International Corporation 20.6. Nusaroma PT 20.7. PT Indesso Aroma 20.8. Firmenich SA 20.9. Eastern Agencies Aromatics Pvt. Ltd. 20.10. Djasula Wangi PT 21. Assumptions & Acronyms Used 22. Research Methodology
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Patchouli Oil Market
