According to a new market report published by Lucintel, the future of the cedarwood oil market looks promising with opportunities in medical, spa and relaxation, and others. The global cedarwood oil market is expected to grow with a CAGR of 3.5% from 2020 to 2025. The major drivers for this market are increasing demand for skin care products, essential properties of cedarwood oil, and sedating effect causing relief from itching by using this oil.
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In this market, medical grade, cosmetic grade, and others are the major product types. Lucintel forecasts that cosmetic grade will remain the largest segment over the forecast period because of rising skin care benefits of cedar wood oil including its sedating capabilities; these are predicted to drive this market during the forecast period.
Within this market, medical, spa and relaxation, and others are the major application of cedarwood oil. Spa and relaxation will remain the largest segment by application type over the forecast period due to increased consumer demand of this oil’s astringent action that works on acne, hair dandruff, and oily skin issues. It has a calming and soothing effect which relieves the mind from all kinds of anxiety.
Asia-Pacific is expected to witness the highest growth over the forecast period due to to the high economic growth resulting from the presence of emerging countries such as China in the region.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cedarwood oil market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Cedarwood Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cedarwood oil market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Medical Grade
Cosmetic Grade
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Medical
Spa and Relaxation
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
Germany
United Kingdom
France
Italy
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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