Global Costus Root Oil Market by Type (Food-Grade, Industrial-Grade, Cosmetic-Grade), By Application (Food & Beverages, Cosmetics, Oriental Perfumes, Scented Candles, Confectionery, Air Fresheners, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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:
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.
Industrial-Grade Costus Root Oil:
The industrial-grade costus root oil is used in industries such as food and beverages, cosmetics, ointments & pharmaceuticals, and soaps.
Cosmetic-Grade Costus Root Oil:
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.
Food & Beverages:
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.
Cosmetics:
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.
Oriental Perfumes:
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.
Scented Candles:
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.
Confectionery:
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.
Air Fresheners:
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.
Growth Factors For The Global Costus Root Oil Market:
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Costus Root Oil Market Report Segments:
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:
- 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
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.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Costus Root Oil Market
Overview of the regional outlook of the Costus Root Oil Market:
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.
Highlights of The Costus Root Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Costus Root Oil Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Food-Grade
2. Industrial-Grade
3. Cosmetic-Grade
7. By Application:1. Food & Beverages
2. Cosmetics
3. Oriental Perfumes
4. Scented Candles
5. Confectionery
6. Air Fresheners
7. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Costus Root Oil Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Costus Root Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Costus Root Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Costus Root Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Costus Root Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Costus Root Oil Market Size & Forecast, 2018-2028
4.5.1 Costus Root Oil Market Size and Y-o-Y Growth
4.5.2 Costus Root Oil Market Absolute $ Opportunity
Chapter 5 Global Costus Root Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Costus Root Oil Market Size Forecast by Type
5.2.1 Food-Grade
5.2.2 Industrial-Grade
5.2.3 Cosmetic-Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Costus Root Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Costus Root Oil Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Cosmetics
6.2.3 Oriental Perfumes
6.2.4 Scented Candles
6.2.5 Confectionery
6.2.6 Air Fresheners
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Costus Root Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Costus Root Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Costus Root Oil Analysis and Forecast
9.1 Introduction
9.2 North America Costus Root Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Costus Root Oil Market Size Forecast by Type
9.6.1 Food-Grade
9.6.2 Industrial-Grade
9.6.3 Cosmetic-Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Costus Root Oil Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Cosmetics
9.10.3 Oriental Perfumes
9.10.4 Scented Candles
9.10.5 Confectionery
9.10.6 Air Fresheners
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Costus Root Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Costus Root Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Costus Root Oil Market Size Forecast by Type
10.6.1 Food-Grade
10.6.2 Industrial-Grade
10.6.3 Cosmetic-Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Costus Root Oil Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Cosmetics
10.10.3 Oriental Perfumes
10.10.4 Scented Candles
10.10.5 Confectionery
10.10.6 Air Fresheners
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Costus Root Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Costus Root Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Costus Root Oil Market Size Forecast by Type
11.6.1 Food-Grade
11.6.2 Industrial-Grade
11.6.3 Cosmetic-Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Costus Root Oil Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Cosmetics
11.10.3 Oriental Perfumes
11.10.4 Scented Candles
11.10.5 Confectionery
11.10.6 Air Fresheners
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Costus Root Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Costus Root Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Costus Root Oil Market Size Forecast by Type
12.6.1 Food-Grade
12.6.2 Industrial-Grade
12.6.3 Cosmetic-Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Costus Root Oil Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Cosmetics
12.10.3 Oriental Perfumes
12.10.4 Scented Candles
12.10.5 Confectionery
12.10.6 Air Fresheners
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Costus Root Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Costus Root Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Costus Root Oil Market Size Forecast by Type
13.6.1 Food-Grade
13.6.2 Industrial-Grade
13.6.3 Cosmetic-Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Costus Root Oil Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Cosmetics
13.10.3 Oriental Perfumes
13.10.4 Scented Candles
13.10.5 Confectionery
13.10.6 Air Fresheners
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Costus Root Oil Market: Competitive Dashboard
14.2 Global Costus Root Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Natural Essential Oils
14.3.2 The Good Scents
14.3.3 SVAorganics
14.3.4 Rakesh Sandal Industries
14.3.5 Kanta Enterprises
14.3.6 Swanson Health Products
14.3.7 White Lotus Aromatics
14.3.8 The Essential Oil
14.3.9 Alfaherbs
14.3.10 NutriPlex Formulas
14.3.11 Henan Ingredients