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According to a new market report published by Lucintel, the future of the galbanum oil market looks promising with opportunities in medical, spa & relaxation, and other applications. The global galbanum oil market is expected to grow with a CAGR of xx%-xx% from 2020 to 2025. The major drivers for this market are growing usage of galbanum oil in medical, cosmetics, and spa & relaxation.

Galbanum oil is a sticky, aromatic brownish yellow gum resins used in perfumes, incense, and colognes. It can also be found in skin care products, cosmetics, and foods. In this market, therapeutic grade and others are the major types of galbanum oil.

Asia Pacific is expected to witness the highest growth over the forecast period due to rising disposable income and growing urbanization.

Albert Vieille, Berje, Elixens, Ernesto Ventos, Fleurchem, H.Interdonati, INDUKERN INTERNACIONAL, Penta Manufacturing Company, Robertet Group, Ultra International, and Treatt Plc are among the major suppliers in the global galbanum oil market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global galbanum oil market by type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Galbanum 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 galbanum oil market by type, application, and region as follows:

By Type [Value ($ Million) shipment analysis for 2014 – 2025]:



  • Therapeutic Grade


  • Others


By Application [Value ($ Million) shipment analysis for 2014 – 2025]:



  • Medical


  • Spa & Relaxation


  • Others


By Region [Value ($ Million) shipment analysis for 2014 – 2025]:



  • North America




  • United States


  • Canada


  • Mexico




  • Europe




  • Norway


  • Spain


  • Germany


  • France




  • Asia Pacific




  • China


  • India


  • Vietnam


  • Indonesia




  • The Rest of the World




  • Brazil


 

This 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.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.