The Global Cassia Essential Oil Market size is projected to grow from USD 1.5 billion in 2017 to USD 2.6 billion by 2028, at a CAGR of 9%. The demand for cassia essential oils has been increasing over the last few years owing to their wide range of applications as well as their extensive benefits which include antibacterial properties and natural fungicide function. Furthermore, rising awareness about environmental pollution and its adverse effects on human health has encouraged manufacturers in developing countries such as China and India to adopt organic production techniques. This shift towards sustainable manufacturing practices is likely to boost the global cassia essential oil market during the forecast period (2021-2028).
Cassia Essential Oil is extracted from the leaves, seeds, and bark of the cassia tree also known as Chinese cinnamon. It has a sweet, spicy aroma and is used for flavoring food such as mainly Indian dishes but also in other Asian cuisines like Thai cuisine. Cassia essential oils have antifungal properties which help in treating skin conditions such as athlete foot, jock itch, and ringworm. Its antioxidant property helps reduce inflammation scars on the skin while boosting collagen production for younger-looking skin.
The popularity of this oil can be credited to the many benefits it provides when applied topically or used internally because of various health benefits including antioxidants, anti-inflammatory agents which relieve pain & swelling associated with arthritis and gout respectively; sedative effects; relief from nausea (due to carminative effect ) as well as pain.
On the basis of Type, the market is segmented into Organic and Conventional. On a global scale, organic cassia oil accounted for 57% revenue share during 2018 due to its growing popularity among consumers across various regions as well as raising awareness about benefits associated with natural products.
Organic Cassia Essential Oils are obtained from the seeds of Cinnamomum aromaticum L. (Lauraceae) by steam distillation at high pressure through a so-called still head, which is separated into different compartments for various fractions and thus yields an oil rich in phenols, including eugenol.
It has a strong, spicy aroma that masks bad odors like garbage and body odor. Studies have shown that it can provide relief to people suffering from asthma symptoms such as nasal congestion or coughs by loosening up phlegm in the throat and chest. In addition, studies on animals suggest that Organic Cassia Essential Oil may help prevent blood clots/stroke (by thinning out platelets) thanks to its anti-inflammatory properties.
Conventional cassia essential oil can be extracted from either leaves or bark of Cinnamomum ceylanicum Nees et Eberm. Et Zoll., The colorless to light yellowish liquid with camphoraceous odor contains about 30% safrole as one active constituent that has been shown to have antiseptic properties.
The bark or stem is used for extraction purposes. Conventional cassia essential oil is mainly utilized as an ingredient for food items such as baked goods, confectionery products (such as cakes), ice creams, ices, and soft drinks; also some pharmaceuticals including analgesics and antihistamines are made using this type of extract.
On the basis of Application, the market is segmented into Retailer, Industrial, Healthcare, Cleaning, And Cooking.
Retailer: The retail sector is expected to remain the leading application due to its extensive demand in developing countries, particularly India and China.
Industrial: The industrial application segment is expected to witness significant growth owing to increasing demand in the manufacturing sector.
Healthcare: The healthcare segment is anticipated to witness significant growth owing to increasing incidences of chronic diseases.
Cleaning And Cooking: This type was popularized by a dominant company for aromatherapy candles as well as soaps & lotions that are widely used around the world during major cooking activities such as baking or roasting.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the market due to its higher consumer base as compared with other regions of the world. Further, it has a high adoption rate owing to the increasing demand for organic essential oils in this region. In addition, government regulations such as Essential Oil Safety Act will create new opportunities for companies operating in these markets which are not available in any other region of the world including Asia-Pacific.
Europe leads by revenue mainly because it offers a greater number of channels for distribution than those offered by competitors like China or India. Latin America has potential growth prospects attributed to rising disposable income levels among consumers who can afford natural products that provide health benefits.
The market in the Middle East and Africa region is expected to grow at a significant rate over the forecast period as it offers immense opportunities for growth. The highest demand can be seen from countries like Egypt, Morocco, Nigeria, and South Africa due to the high prevalence of chronic diseases that are best managed by essential oils.
Up Market Research published a new report titled “Cassia Essential Oil Market research report which is segmented by Types (Organic, Conventional), By Applications (Retailer, Industrial, Healthcare, Cleaning And Cooking), By Players/Companies TERRA International, Young Living Essential Oils, Alabama Essential Oil, Augustus Oils, Phoenix Aromas (Nanjing), Inovia International, NOW Health”.
|Report Attributes||Report Details|
|Report Title||Cassia Essential Oil Market Research Report|
|By Type||Organic, Conventional|
|By Application||Retailer, Industrial, Healthcare, Cleaning And Cooking|
|By Companies||TERRA International, Young Living Essential Oils, Alabama Essential Oil, Augustus Oils, Phoenix Aromas (Nanjing), Inovia International, NOW Health|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||227|
|Number of Tables & Figures||159|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Organic, Conventional and By Application Retailer, Industrial, Healthcare, Cleaning And Cooking.
Some of the companies that are profiled in this report are:
Cassia Essential Oil Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cassia Essential Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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