Essential Oils Market Demand To Reach 473.31 Kilotons By 2027

The global essential oils market demand is expected to reach 473.31 kilotons by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% from 2020 to 2027. Aromatherapy is rapidly gaining momentum as a convenient method of healing lifestyle diseases, which is contributing to the demand for essential oils. It is also important to notice that sales are closely related to consumer education-the more consumers are informed regarding applications and usage of essential oils, greater is the sales.

Essential oils are majorly composed of terpenes and their oxygenated derivatives, which usually include monoterpenes and sesquiterpenes. They are present in specialized cells/glands in various plants and the position of these glands varies depending upon the morphology and physiology of the plant. During manufacturing process, these glands are ruptured by pressing or by application of heat, which emanates aroma. The product is composed of aromatic compounds, which are volatile as well as hydrophobic in nature.

A majority of the consumers demand essential oils for various purposes, such as for enhancing air freshness at home by adding drops in aroma pots or aroma diffusers, which diffuse oil in the form of atomized particles, and in aroma bath by adding oils to the water. Young women use these products for making homemade cosmetics owing to their natural content and medicinal benefits.

Rising demand for organic products is another factor influencing consumer trends. Further implementation of regulations favoring the use of environmentally friendly ingredients in cosmetics and food and beverage industry has awakened people’s interest to seek products made from natural ingredients. The industry has witnessed a sharp increase in demand for 100% plant-based products that are devoid of synthetic fragrances and animal-derived components. As a result, majority of the population is turning to organic products to gain health benefits.

Owing to the outbreak of coronavirus around the world, many of the countries are observing lockdown situations. This is expected to lead to major raw material shortages, disruption in supply chain, and increased prices of highly demanded products in the next two to three quarters. Moreover, restrictions on imports and exports of goods by any means from most of the South East Asian countries can worsen the situation in the coming months. However, on the brighter side, the temporary closure or slowing down of manufacturing plants of synthetic flavors and fragrances in China can be seen as an opportunity to the essential oil distillers as the manufacturers may turn to the smaller vendors to fulfil their raw material requirements.

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https://www.grandviewresearch.com/industry-analysis/essential-oils-market

Further key findings from the study suggest:

In terms of revenue, the orange oil product segment is expected to expand at a CAGR of 7.4% over the forecast period
In 2019, food and beverages application emerged as the second largest application segment with a share of 38.6% in terms of volume
Asia Pacific is projected to witness the fastest growth over the forecast period.

Brazil Palm Oil Market Size Worth $2.17 Billion By 2025

The Brazil palm oil market size is expected to reach USD 2.17 billion by 2025, as per a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 13.6% during the forecast period. Factors such as increasing utilization in food application coupled with the ascending consumption of palm oil as a raw material for edible oils is expected propel the growth.

Brazil is expected to witness an increase in the consumption of palm oil owing to high demand from biodiesel and lubricants sectors. However, declining socio-economic conditions and hazardous environmental effects associated with palm oil are expected to restrain the growth of the market over the forecast period.

Palm oil cultivation requires suitable climatic conditions and is anticipated to mainly witness growth in the countries from equatorial region. The government of Brazil created an association call Abrapalma to encourage palm oil cultivation and is also offering incentives to endorse investments in the sector.

Manufacturers are looking for better alternatives to reduce the total production costs of palm oil to gain higher market share and thus the competitive rivalry is anticipated to be high. Thus, new entrants are likely to observe high competition from the established players.

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https://www.grandviewresearch.com/industry-analysis/brazil-palm-oil-market

Further key findings from the report suggest:

Rising demand for crude palm oil as it is a rich source of tocotrienols with high vitamin E and antioxidant content, is likely to boost growth of the segment
Palm kernel cake segment is expected to register the fastest CAGR owing to its potential use in lactating cow feed by supplementing adequate amount of protein extracts
Rising demand from cosmetics and surfactants sector on account of rise in discretionary spending power is likely to continue being a macro driver for the market
Lubricants segment is expected to register the fastest CAGR owing to the ability of the product to reduce carbon dioxide emissions
Manufacturers are focusing on mergers and acquisitions to increase the client base and to market presence

Hydrocolloids Market Size Worth $13.61 Billion By 2025

The global hydrocolloids market size is expected to reach USD 13.61 billion by 2025, as per a new report by Grand View Research Inc. It is anticipated to expand at a CAGR of 6.5% during the forecast period. Hydrocolloids find application in radiology as a suspending agent, suppositories, slow release capsules, emulsions, surgical lubricants, and as a carrier of topical medicaments, which is expected to drive the market growth.

Rapid urbanization coupled with improved consumer lifestyle with more emphasis on healthy, diet-friendly, nutritious, and natural products is fueling the demand for convenience and packaged foods, which, in turn, is likely to propel the product consumption. Additionally, growing consumer awareness regarding the benefits of nutritional food is further propelling the demand for hydrocolloids in developing countries, such as China and India.

Europe and North America are projected to play a substantial role even after losing their market share to Asia Pacific and Latin America. Asia Pacific and Latin America are expected to accomplish the highest gains in near future. A large number of health-conscious individuals are embracing a healthier lifestyle with the foremost importance on the healthy food choices offered by various food and beverage companies.

The key players in the hydrocolloids market are inclined towards new product launches, which is expected to augment the growth. In August 2018, Cargill announced its plans to invest USD 150 million in Brazil production facility to keep up with the increasing demand for pectin.

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https://www.grandviewresearch.com/industry-analysis/hydrocolloids-market

Growing demand for processed food due to the convenience is expected to positively impact hydrocolloid market in the forthcoming years
Processed foods market has seen healthy growth in recent past and is projected to witness high growth in near future
The ability of hydrocolloids to reduce the fat content by dispersing water and acting as a fat replacer in food products is expected to propel their demand as consumers are increasingly preferring low-fat and low-calorie food products
The shortage of resources and vulnerability to seasonal changes cause volatility in the raw material pricing is propelling manufacturing costs and limiting the market growth
Rise in population coupled with rising disposable income, translates into an enhanced standard of living, particularly in the developing regions. This is anticipated to result in a steady growth in demand for specialty and processed food products

Morocco Argan Oil Market Worth $262.4 Million By 2025

The Morocco argan oil market size is expected to reach USD 262.4 million by 2025 progressing at a remarkable CAGR of 20.7% over the forecast period as per a new report by Grand View Research, Inc. Morocco is expected to witness an increase in the consumption of argan oil owing to high demand from medical industry. Rising demand for Morocco argan oil in cosmetics sector is directly contributing to growing product exports to different regions.

Furthermore, the market in Morocco is expected to develop on account of rising consumer preference for natural ingredients. Growing aging population in the U.S. is another major factor anticipated to drive the product consumption as it is used in anti-wrinkle creams. Other factors such as initiatives by medical research institutes to conduct argan oil-related studies are also projected to positively impact the overall demand over the forecast period.

Constant technological advancements are contributing to enhancing the chemical and microbiological qualities of the product. Ascending demand for argan oil in medical and food industries is pressurizing the key producing areas of Morocco to boost their production levels and bridge the demand-supply gap. However, this gap is expected to increase over the forecast period, thereby creating a need for the government to adopt initiatives and drive the overall production.

Manufacturers of personal care & cosmetic products are inclined toward increasing their argan oil consumption for advanced cosmetic solutions in order to ensure healthy skin and hair. Such initiatives are expected to drive the overall product demand in cosmetics application segment. The widening of product distribution channels has made these products easily accessible to consumers. Investments in R&D activities and technological advancements in the area of processing ingredients have been the key factors responsible for boosting the market growth in Morocco over the past few years.

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https://www.grandviewresearch.com/industry-analysis/morocco-argan-oil-market

Further key findings from the report suggest:

Organic segment is projected to ascend at the fastest CAGR of 22.0% over the forecast period with increasing demand for organic products in various sectors
The government of Morocco adopted the auto-entrepreneur framework in 2014, which has proven to be beneficial for entrepreneurs by providing easier access to loans and several tax benefits
The German Agency for International Cooperation (GIZ) GmbH is creating awareness among women cooperatives and emphasizing the need to preserve argan forests, which is restraining the market growth
As argan oil is expensive, some vendors sell diluted argan oil by mixing it with other oils. This unfair practice of trade is likely to impact the product sales to a large extent, thereby affecting the entire market in Morocco.

Jojoba Oil Derivatives Market Size Worth $49.05 Million By 2027

The global jojoba oil derivatives market size is anticipated to reach USD 49.05 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.1% from 2020 to 2027. Jojoba oil derivatives are extensively used in personal care and cosmetic products, pharmaceutical preparations, and as additives in lubricants. High demand is observed from the manufacturers of skincare and hair care products that use these derivatives as specialty ingredients for developing advanced cosmetic solutions. These products are placed under the premium products category owing to the higher price of chemicals used, but they also give visible results in formulations. Furthermore, consumer inclination and readiness to pay a high price for premium products, along with the growing preference for natural and organic products, have augmented the product demand in the personal care and cosmetics industry.

Jojoba oil derivatives have a respectable history of safe and long-term use in the personal care and cosmetics, food and beverages, and pharmaceutical sectors owing to their low toxicity profiles. However, these derivatives are facing a high threat of substitutes from both natural and synthetic ingredients, which possess similar structure, properties, and scope of application. Candelilla wax, beeswax, carnauba wax, and vegetable oils are observed to be natural substitutes. On the other hand, petroleum-based waxes, including paraffin, are also a major alternative to these derivatives. Apart from the external substitutes, synthetic wax can act as an internal substitute for natural wax.

Industry participants are trying to expand their operations to tap the existing opportunities in emerging regions or countries in order to acquire a greater market share and gain a competitive edge. Companies are strengthening their product portfolios to expand their consumer base by focusing on product innovation and improving and modifying currently listed products. The growing popularity of these derivatives has also fostered research & development activities and given rise to several startups globally. Several new players have emerged in the market owing to the growing popularity of the product among cosmetics manufacturers.

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https://www.grandviewresearch.com/industry-analysis/jojoba-oil-and-derivatives-market

Further key findings from the report suggest:

In 2019, esters emerged as the dominant product segment in terms of both volume and revenue. This is attributed to their odorless, colorless, and extremely resistant to oxidative degradation properties, making them suitable for a broad range of applications
The personal care and cosmetics application segment held the largest share in terms of both volume and revenue in 2019 due to high demand for derivatives in skincare, hair care, and baby care products, along with color cosmetic products
In 2019, North America emerged as the dominant regional market in terms of both volume and revenue owing to the growing inclination of manufacturers toward the application of bio-based ingredients.

Argan Oil Market Size Worth $507.2 Million By 2027

The global argan oil market size is anticipated to reach USD 507.2 million by 2027, expanding at a revenue-based CAGR of 10.8% over the forecast period, according to a new report by Grand View Research, Inc. Argan oil is gaining popularity in the global market as it cotains omega-3 and omega-6 fatty acids, lupeol, beta amyrin, antioxidant tocopherols, triterpenoids, and butyrospermol, which play a significant role in improving skin and hair quality. This has encouraged manufacturers from industries such as aromatherapy, medical, and cosmetics products to integrate argan oil in their final products.

Key players in the market are focusing on improving the quality of product in their personal care and cosmetic products to promote healthy hair and skin. Such initiatives are anticipated to fuel the overall demand in the cosmetics application segment. Furthermore, the global demand is also witnessing a surge on account of shifting consumer preference toward organic products.

Players in the argan oil market are involved in R&D activities for improving the extraction method as it is a key step in the production process. Recently, researchers obtained argan oil using super critical fluid extraction and concluded no changes in the quality and physicochemical parameters of the product. However, the method is still in the nascent stage and is likely to play a significant role in increasing the production over the coming years.

Health consciousness coupled with a fat-free lifestyle accelerates the demand for healthy vegetable oil including argan oil. Food industry is also witnessing a surge in demand on account of increasing importance given to maintaining a healthy diet. Argan oil helps control cholesterol levels while boosting energy levels in the human body. Technological advancements are also contributing significantly to the enhancement of both chemical and microbiological qualities, thus positively influencing the overall product demand.

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https://www.grandviewresearch.com/industry-analysis/argan-oil-market

Further key findings from the report suggest:

In 2019, conventional emerged as the largest type segment in the argan oil market owing to high crop yield obtained by using this cultivation method as it involves using synthetic pesticides and fertilizers
In 2019, Business to Business (B2B) dominated the distribution channel segment in the market owing to increasing direct sales of the product in the international market, especially by the manufacturers of cosmetic products
Sivan, an Israeli company is developing a super strain, called as Argan 100, which is capable of tolerating the Mediterranean climate and can manufacture 10 times more nuts as compared to the average trees of Morocco, thus contributing to the production
Some of the key players in the market are OLVEA, ARGANisme, Zineglob, PURUS (Purus International), Malakbio, Argane Aouzac, Organica Group LTD, Arganfarm, Kamakhya Bottlers, Zidrop Argan Oil, and ARGANBULK.

Chitosan Market Size Worth $28.93 Billion By 2027

The global chitosan market size is projected to reach USD 28.93 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a revenue-based CAGR of 24.7% during the forecast period. Increasing consumption of bio-derived products in water treatment, cosmetics, food and beverage, and pharmaceutical industries is likely to derive the growth.

Chitosan is marketed under various grades, such as industrial, pharmaceutical, and food depending upon the purity of the product. In the pharmaceutical industry, it is used as diluents for tablets, a binder in wet granulations, dis-integrant, drug carrier, and absorption enhancer. In addition, chitosan and its derivatives can easily penetrate the plasmatic membrane of microorganisms and kill bacteria, fungi, and other parasites. Hence, is used for treating infections in orthopedic, neurological, gynecological, and cardiovascular surgical procedures.

North America is expected to emerge as one of the major markets for chitosan during the forecasted period, registering a CAGR of 19.2% in terms of volume, between 2020 to 2027. The region has experienced a growing demand for chitosan products owing to increasing biobased industries. Manufacturers are heavily investing in R&D activities to develop the pure grade of chitosan. However, high production cost owing to the irregular supply of the raw material is anticipated to hamper market growth over the forecast period.

The market is highly fragmented in nature owing to the presence of a large number of small-scale players, especially in countries including Japan, China, Thailand, and South Korea. These countries have favorable government regulations to promote growth of their fishery industry. Hence, several companies such as Qingdao Yunzhou Biochemistry Co., Kyowa Technos Co., Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., and KIMICA Corporation have manufacturing as well as distribution channels present in the region.

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https://www.grandviewresearch.com/industry-analysis/global-chitosan-market

Further key findings from the report suggest:

In terms of revenue, chitosan is anticipated to expand at a CAGR of 24.7% from 2020 to 2027, since they are used in large quantities in the production of antiseptics, food items, cosmeticts, medicines, textiles, and other consumer products
The U.S. chitosan market is anticipated to exceed 36.98 kilo tons by 2025, owing to the abundant availability of raw material, which has further flourished the industrialization in the country
Some of the key market participants are Panvo Organics Pvt. Ltd.; Qingdao Yunzhou Biochemistry Co.; Meron Biopolymers; Advanced Biopolymers AS; Biophrame Technologies; Heppe Medical Chitosan GmbH; United Chitotechnologies Inc.; Foodchem International Corporation; KitoZyme S.A.; and Chitosanlab

Cellulose Esters And Ethers Market Size Worth $7.8 Billion By 2027

The global cellulose esters and ethers market size is anticipated to reach USD 7.8 billion by 2027, expanding at a revenue-based CAGR of 4.9%, according to a new report by Grand View Research, Inc. The market is expected to be driven by growing demand for products in the cigarette filters, textiles and apparel, photographic films, and food and beverage industries, specifically in emerging economies of Asia Pacific.

Developed economies such as North America and Europe are projected to emerge as prominent markets. Lack of time and rising consumer purchasing power in these regions have resulted in an increased demand for baked food products and convenience foods. In addition, the growing number of product-specific bakeries is expected to foster emulsifier manufacturers to incorporate cellulose-based esters and ethers in their product line.

Cellulose esters and ethers are primarily employed in personal care products such as body lotions, shampoos, face creams, and cold creams owing to their excellent binding, thickening, stabilizing, and moisturizing properties. In addition, increasing product consumption in toothpaste for imparting a smooth texture, improving salt tolerance, and enhancing acid resistance is projected to drive the market.

Cellulose acetate is widely utilized in manufacturing cigarette filters. Key players are concentrating on flavored tobacco products, including flavored smokeless tobacco, e-cigarettes, cigarillos, and hookah, due to their growing popularity across the globe. It also finds applications in numerous printing platforms, including rotogravure, offset, inkjet, and flexographic. Increasing demand for inks for packaging and printing products like newspapers, magazines, and books in China, India, and Vietnam is projected to bolster market growth.

Methylcellulose acts as a binder, film former, preservative, thickener, and retarder in addition to promoting air entrainment in various applications of the construction sector. It is used in building materials such as cement-based tile grouts, cement-based plasters, tile adhesives, and mortars for the skim coat. Rising infrastructural activity in economies such as Saudi Arabia, China, India, and Brazil is anticipated to drive product demand in the construction sector over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/cellulose-ester-market

Further key findings from the report suggest:

Kraft process is projected to sustain the largest market share throughout the forecast period and accounted for over 83.0% of the revenue in 2019
Cellulose acetate is anticipated to emerge as the largest product segment owing to the growing production of cigarettes
The cellulose nitrate segment was valued at USD 778.4 million in 2019, and it is expected to emerge as the fastest-growing product from 2020 to 2027
Cigarette filters application is predicted to dominate the cellulose esters and ethers market while the valuation of cigarette filters application is projected to exhibit a CAGR of 4.4% from 2020 to 2027
Asia Pacific is expected to emerge at the highest CAGR on account of increasing end-use industries in the region.