Cedarwood Oil Market Size Worth $ 639.78 Million By 2032 | CAGR: 6.40%

The global cedarwood oil market size is expected to reach USD 639.78 million by 2032, according to a new study by Polaris Market Research. The report “Cedarwood Oil Market Share, Size, Trends, Industry Analysis Report, By Technique (Steam Distillation, Carbon Dioxide Distillation, and Cold Press); By End Use; By Industry; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising consumer awareness regarding the utilization of herbal products and an increased number of manufacturers developing organic personal care products incorporated with cedarwood oil, along with the surging demand for natural oils because of their anti-bacterial properties that reduce skin infection of acne and other dermatological problems, are prominent factors propelling the market. Increasing investment in R&D activities by key market companies to develop more beneficial and organic products to meet the rising demand for products developed with natural ingredients is likely to contribute significantly towards market growth.

For instance, in September 2022, Green Goo unveiled its new plant-based face & body skincare collection, including hydrating face & body wash, hydrating face & body serum, and repairing face & body serum, made with the pure essential oils of cedarwood and lavender.

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The growing incorporation of digital technologies and data-driven solutions which are transforming supply chain management through the use of technologies like blockchain, the Internet of Things, and data analytics, allowing stakeholders to easily track the entire supply chain from cultivation to distribution and enabling transparency, traceability, and quality assurance, are among one of the fastest emerging trends in the market gaining significant traction in the recent years.

Furthermore, consumers worldwide are increasingly concerned about their purchasing decisions' environmental and social impact. Thus, there is a growing demand for sustainable cedarwood oil with proper organic, fair trade, or sustainable sourcing certifications. Suppliers who can demonstrate responsible sourcing practices and provide certified cedarwood oil are gaining a competitive advantage in the market.

Cedarwood Oil Market Report Highlights

• Steam distillation segment accounted for largest market share in 2022, on account of its growing adoption due to its high purity and fragrance and capabilities to produce oils at larger scale
• Cosmetic and skincare segment held the maximum market revenue share in 2022, mainly attributable to growing product utilization in the preparation of various cosmetics products like shampoos and deodorants
• Pharmaceuticals segment is projected to witness highest growth during the forecast period, due to its widespread use in the aromatherapy and emerging trend towards adopting natural ingredients
• North America region dominated the global market with substantial share in 2022, owing to increasing awareness among consumers about the benefits associated with the product
• The global key market players include Grayden Cedar Works, Finetch Industry, Foreverest Resources, SSS Biotic.com, Venus Enterprise, Essential oil.in, Mother Herbs & Agro Products, Texarome, Cedarwood Oil Company, and Young Living Essential Oils

Polaris Market Research has segmented the cedarwood oil market report based on technique, end use, industry, and region:

Cedarwood Oil, Technique Outlook (Revenue - USD Million, 2023 - 2032)

• Steam Distillation
• Carbon Dioxide Distillation
• Cold Press

Cedarwood Oil, End Use Outlook (Revenue - USD Million, 2023 - 2032)

• Cosmetics & Skincare
• Toiletries
• Aroma Therapy
• Others

Cedarwood Oil, Industry Outlook (Revenue - USD Million, 2023 - 2032)

• Spa & Relaxation
• Pharmaceuticals
• Others

Cedarwood Oil, Regional Outlook (Revenue - USD Million, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Cedarwood Oil Market Report Scope