According to a new market report published by Lucintel, the future of the juniper berry oil market looks promising with opportunities in food and beverages, pharmaceuticals, cosmetics, personal care products, and others. The global juniper berry oil market is expected to grow with a CAGR of XX% from 2020 to 2025. The major drivers for this market are growing demand for increasing consumption of growth of the natural personal care product industry, increasing demand as a flavoring and fragrance agent, and rising demand from pharmaceutical industry due to its medicinal properties.
In this market, organic and conventional are the major product types. Lucintel forecasts that conventional will remain the largest segment over the forecast period because of increasing demand from health-conscious consumers, and its primary demand from the food industry as a condiment, flavored ingredient or for aroma.
Within this market, food and beverages, pharmaceuticals, and cosmetics are the major applications of juniper berry oil. Food and beverage will remain the largest segment by application type over the forecast period due to increasing demand for flavored beverages, juices, and food cuisines.
Europe is expected to witness the highest growth over the forecast period due to high production of juniper berry oil, growing consumer demand, especially for its highly aromatic berries, which are used in cuisines, availability of juniper berry herb as a native plant in this region that enable manufacturers to have competitive pricing on a global platform.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global juniper berry oil market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Juniper Berry 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 juniper berry oil market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food & Beverages
Pharmaceuticals
Cosmetics
Personal Care Products
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
Russia
Italy
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.
About Lucintel
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