The Global Costus Root Oil Market size is projected to grow from US$1.6 billion in 2021 to US$2.4 billion by 2028, at a CAGR of 5.8% during the forecast period (2021-2028). The demand for costus root oils and extracts is attributed to their use as food additives, flavor enhancers, perfumes, and insecticides due to their aromatic properties and immunity-boosting abilities. Moreover, rising awareness about natural products coupled with increasing adoption of organic ingredients is also driving the growth of the global costus root oil market.
Costus root oil is an essential oil obtained by steam distillation of the dried roots and rhizomes of Costus speciosus. The costus plant is a palm-like perennial, found mainly in Africa and Asia. It has long been cultivated for food additives, flavor enhancers due to its aromatic properties and immunity-boosting benefits.
On the basis of Types, the market is segmented into food-grade, industrial-grade, and cosmetic-grade.
Food grade costus root oil is used as a flavoring agent for food items. It has been reported that it can be found in the form of natural flavorings and additives, such as ice cream, cakes, coffee creamer mixes, etc.
The industrial-grade costus root oil is used in industries such as food and beverages, cosmetics, ointments & pharmaceuticals, and soaps.
The cosmetic-grade costus root oil is used in the production of personal care products such as skin lotions, soaps, and hair oils.
On the basis of Application, the market is segmented into Food & Beverages, Cosmetics, Oriental Perfumes, Scented Candles, Confectionery, and Air Fresheners.
The costus root oil is used in the production of food items such as ice-creams, cakes, coffee creamer mix, and so on. The product gives a strong floral flavor to desserts without any artificial flavor.
It is used to produce skin lotions, soaps, hair oils, and other personal care items. It is also added to cosmetic formulations for its soothing and relaxing properties which provide relief from skin irritations, hyperpigmentation, sunburns, etc. Costus Root Oil has a fresh floral scent that blends well with other oils like rose otto or sandalwood essential oil. It can be safely applied on hair as it does not cause any scalp irritation unlike some synthetic fragrances do.
The costus root oil is also used in the production of Oriental perfume. The product has a sweet, floral aroma that gives it an inviting and luxurious fragrance which makes it popular among perfume connoisseurs around the world.
Costus root oil is used in the production of scented candles for its pleasant aroma. It can be extracted from the plant using a cold-press method, which entails squeezing and pressing it to extract oils that are rich in fragrance. This process also ensures that no heat or chemicals enter into contact with costus roots during extraction so as not to alter their color, odor, or purity.
This type of distillation produces an essential oil with more than 90% aromatic compounds and less than 15% nonaromatic components (such as waxes) that imparts a strong scent when added to candles or other products such as perfumes made from natural ingredients.
Costus root oil is popularly used in making confectionery. Costus roots are infused with sugar, and then the mixture crystallizes as it cools. The flavor of costus root is often described by many consumers to be reminiscent of cinnamon mixed with honey combined together (due to its sweet taste). In addition, some people consider this type of candy an aphrodisiac since it has a spicy scent that may stimulate arousal for both sexes. Furthermore, these tasty treats also remain fresh for longer periods than other types of sweets due to their high antioxidant content derived from the natural antioxidants found in the plant's leaves.
Costus root oil is also used in the manufacturing of air fresheners. It can be an effective substitute for other types of synthetic fragrances due to its scent that lasts long and does not produce any side effects like headaches or nausea. For this reason, it has become a popular choice among consumers who are looking for an environmentally friendly way to fragrance their homes without compromising on quality.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to hold a major share of the market by 2028 due to its high adoption rate for organic products as well as significant investments in research and development activities that drive innovation and bring new product innovations with better efficacy.
Latin America observes moderate growth owing to an increasing population base with a thriving middle class which has boosted purchasing power thereby propelling its economy further during recent years; it also offers various business opportunities for these manufacturers who are looking forward to new markets. The European market leads in revenue generation because most companies prefer exporting their products to this region.
The Costus Root Oil market is projected to exhibit promising growth during the forecast period owing to soaring demand from developing countries such as India and China which are fuelling more revenue generation opportunities for these manufacturers through exports.
The growth of the global Costus Root Oil Market is largely influenced by a number of factors. Some of them are the increasing demand for cosmetic products, the growing population worldwide, and rising disposable income in developing countries. Globalization has been playing its role as well because it connects people with different cultures all over the world like never before leading to increased demands towards various types and applications across markets due to cultural influences.
Moreover, the global costus root oil market is likely to grow in near future due to increasing demand from emerging economies such as China and India. New markets are also expected to open up because of the growing population worldwide which will lead to increased consumption of this product. These all factors combined are anticipated to contribute towards a high growth rate over the next few years.
Up Market Research published a new report titled “Costus Root Oil Market research report which is segmented by Types (Food-Grade, Industrial-Grade, Cosmetic-Grade), By Applications (Food & Beverages, Cosmetics, Oriental Perfumes, Scented Candles, Confectionery, Air Fresheners, Others), By Players/Companies Natural Essential Oils, The Good Scents, SVAorganics, Rakesh Sandal Industries, Kanta Enterprises, Swanson Health Products, White Lotus Aromatics, The Essential Oil, Alfaherbs, NutriPlex Formulas, Henan Ingredients”.
|Report Attributes||Report Details|
|Report Title||Costus Root Oil Market Research Report|
|By Type||Food-Grade, Industrial-Grade, Cosmetic-Grade|
|By Application||Food & Beverages, Cosmetics, Oriental Perfumes, Scented Candles, Confectionery, Air Fresheners, Others|
|By Companies||Natural Essential Oils, The Good Scents, SVAorganics, Rakesh Sandal Industries, Kanta Enterprises, Swanson Health Products, White Lotus Aromatics, The Essential Oil, Alfaherbs, NutriPlex Formulas, Henan Ingredients|
|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||206|
|Number of Tables & Figures||145|
|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 Food-Grade, Industrial-Grade, Cosmetic-Grade and By Application Food & Beverages, Cosmetics, Oriental Perfumes, Scented Candles, Confectionery, Air Fresheners, Others.
Some of the companies that are profiled in this report are:
Costus Root 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.
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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 Costus Root 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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