Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.10 Billion | USD 17.22 Billion | 6.1% | 2023 |
According to Zion Market Research, the global Geranium Oil Market was worth USD 10.10 Billion in 2023. The market is forecast to reach USD 17.22 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Geranium Oil Market industry over the next decade.
Leaves, petals, and stems of geranium plants are used for producing geranium oil. The product has wound-healing, antibacterial, pharmacological, and antidepressant properties. Major ingredients of geranium oil include sabinene, geraniol, eugenol, citronellol, citronellyl formate, Methone, terpineol, linalool, and geranic.
Furthermore, it is non-irritant, non-sensitized, and non-toxic and possesses a sweet & floral fragrance. The product is utilized in several kinds of aromatherapy applications and has massive demand in cosmetics & personal care items, essential oils, and aromatherapy products.
Rose geranium oil is a major source of safe anti-inflammatory medicine production and hence is preferred more by reputed pharma firms, thereby driving geranium oil market trends. Furthermore, the geranium plant is perennial medicinal & oil-yielding and possesses exceptional commercial applications. This will further succor growth of the geranium oil industry. Geranium oil is an essential oil that is utilized immensely as a flavoring agent in perfumery, food, pharmaceutical, and cosmetics. In addition to this, the product is known for its antimicrobial features and health therapies such as aromatherapy.
Apart from this, its antifungal, anti-oxidant, anti-neuro-inflammatory, insecticidal, and anti-inflammatory properties will promulgate the expansion of the geranium oil market over the foreseeable future. Additionally, in vitro generation and plant transformation methods have successfully included beneficial traits in germanium crops, thereby assistingthe industry tread new paths of growth over the coming years.
Furthermore, cytoprotective and immuno-modulatory features of geranium oil will coin new growth prospects for geranium oil industry. Nonetheless, low cultivation of germanium herbs due to their susceptibility to bacterial & virus infections can pose a threat to growth of the germanium oil industry over the upcoming years. However, the application of tissue culture techniques for maintaining & improving yield of different kinds of germanium plants will prop up market growth along with nullifying negative impact of hindrances on germanium oil business.
Apart from this, introduction of meristem tip culture for producing disease free plants will aid geranium oil market reach ascending heights of growth in coming years. Growing research on enhancing agronomic traits of geranium plants and good ability of these plants for treating various kinds of diseases owing to its exceptional pharmacological features will assist geranium oil market hit highest peak of growth within next couple of years.
Report Attributes | Report Details |
---|---|
Report Name | Geranium Oil Market |
Market Size in 2023 | USD 10.10 Billion |
Market Forecast in 2032 | USD 17.22 Billion |
Growth Rate | CAGR of 6.1% |
Number of Pages | 190 |
Key Companies Covered | Albert Vieille, Penta Manufacturing Company, INDUKERN INTERNACIONAL, Fleurchem, Ernesto Ventos, and Robertet Group. |
Segments Covered | By Type, By Application, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
With Europe being a major essential oil producer, geranium oil market in Europe is anticipated to gain traction over years ahead. In addition to this, there is lucrative demand for product in Germany, France, and the UK. Growing awareness about medicinal benefits offered by geranium oil will escalate growth of geranium oil market in Europe.
Popularity of aromatherapy and use of product as ingredient in cosmetics, food & beverages, pharmaceuticals, and perfumery will steer regional market growth.
Key players profiled in the report are:
The global Geranium Oil Market is segmented as follows:
By Type
By Application
By Distribution Channel
By Region
FrequentlyAsked Questions
According to a study, the global Geranium Oil market size was worth around USD 10.10 billion in 2023 and is expected to reach USD 17.22 billion by 2032.
The global Geranium Oil market is expected to grow at a CAGR of 6.1% during the forecast period.
Rose geranium oil is a major source of safe anti-inflammatory medicine production and hence is preferred more by reputed pharma firms, thereby driving geranium oil market trends. Furthermore, the geranium plant is perennial medicinal & oil-yielding and possesses exceptional commercial applications.
Europe is expected to dominate the Geranium Oil market over the forecast period.
The key market participants include Albert Vieille, Penta Manufacturing Company, INDUKERN INTERNACIONAL, Fleurchem, Ernesto Ventos, and Robertet Group.
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