Global Geranium Oil Market To Reach $136.59 Million By 2031: Allied Market Research
Portland, OR, June 21, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the geranium oil market was pegged at $73.83 million in 2020 and is projected to reach $136.59 billion by 2030, growing at a CAGR of 6.0% from 2022 to 2031
Rising popularity of aromatherapy products due to growing awareness of their benefits and increasing disposable income is driving the global geranium oil market. Moreover, the use of geranium oil in medicinal applications would open up new opportunities in the future.
During the Covid-19 outbreak, the market suffered huge losses due to mandatory shutdowns and restrictions imposed by relevant regulatory agencies.
Egypt is the largest producer of geranium oil and import-export restrictions on non-essential items have caused delays in the supply of geranium oil across the world.
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The report segments the global geranium oil market on the basis of nature, application, distribution channel and region.
Based on nature, the conventional segment held the largest share in 2020, accounting for more than four-fifths of the market. However, the organic segment is estimated to register the highest CAGR of 6.6% during the forecast period.
Based on applications, the aromatherapy segment dominated the market in 2020, contributing more than two-fifths of the market. However, the flavors and fragrances segment is expected to show the highest CAGR of 6.6% during the forecast period.
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The global geranium oil market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the largest share in 2020, accounting for more than a third of the market. However, the Asia-Pacific market is expected to register the highest CAGR of 6.8% during the forecast period.
The Global Geranium Oil Market Report includes an in-depth analysis of major market players such as AG Industries, Firmenich SA, Ultra International BV, Mother Herbs (P) Ltd, Berjé Inc., Floral Essential Oil, Visagenics Premium Essential Oils, De Monchy Aromatics, SVA Organics and NOW Foods.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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