Cedar Oil Market - Forecast(2024 - 2030)

Report Code: CPR 0173 Report Format: PDF + Excel

Cedar Oil Market Overview

Global Cedar Oil Market Size is estimated to reach $441.6 million by 2027 and it is poised to grow at a CAGR of 6.8% over the forecast period of 2022-2027. Cedarwood essential oil is a substance derived from the needles, leaves, bark and berries of cedar trees. There are several different kinds of cedars, including western red cedar, Spanish cedar, Alaskan yellow cedar and eastern red and white cedar. The most widely used kind of cedar is an evergreen conifer called the eastern red cedar, scientific name Juniperus Virginiana L. Cedar oil is used in cosmetic, pharmaceutical and personal care industries owing to its attributes like anti-fungal, anti-inflammatory and antiseptic. The atlas cedarwood oil is mostly preferred in aromatherapy owing to its woody and sweet taste which is sharper than cedarwood oil. Cedarwood oil is effective in depression and is used in the spa & relaxation industry. As per World Health Organisation (WHO) about 280 million people around the world are under depression; which increases the demand for cedar oil. Such growing demand for cedar oil and its application in various industries like cosmetics & skincare, aromatherapy, pharmaceuticals and personal care products fuels the growth of the Global Cedar Oil Market over the forecast period 2022-2027.

Cedar Oil Market Report Coverage

The report: “Cedar Oil Market Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Global Cedar Oil Market.

By Technique: Steam Distillation, Carbon Dioxide Distillation and Cold Press.
By Application: Cosmetics & Skincare, Toiletries, Aromatherapy and Others.
By End-user: Spa & Relaxation Centers, Pharmaceuticals and Others.
By Geography: North America (the U.S., Canada and Mexico), Europe (Germany, United Kingdom (UK), France, Italy, Spain, Russia and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of the World (the Middle East and Africa).

Key Takeaways

  • Geographically, North America held a dominant market share in the year 2021, owing to the growing demand for cedar oil-based cosmetic products.
  • The Global Cedar Oil Market is predicted to increase owing to the increasing aging population and hectic life culture with growing depression among the population. 
  • However, the unavailability of raw materials and their high price may limit Global Cedar Oil Industry growth over the forecast period 2022-2027.
  • A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Global Cedar Oil Market Report.

Cedar Oil Market: Market Share (%) By region, 2021

Cedar Oil Market
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Cedar Oil Market Segment Analysis - By Technique

Global Cedar Oil Market based on the technique can be further segmented into Steam Distillation, Carbon Dioxide Distillation and Cold Press. The Steam Distillation segment held a dominant market share in the year 2021 and is estimated to grow with the fastest CAGR of 7.8% over the forecast period 2022-2027. This is owing to the commercial production of oil from this technique and the high yield of oil from raw materials. The steam distillation process is mostly used to extract essential oils as its phenolic bio compound evaporates with steam and condenses in oil. Such application of steam distillation for commercial extraction of essential oils drives the growth of the Global Cedar Oil Market share over the forecast period 2022-2027.

Cedar Oil Market Segment Analysis - By Application

Global Cedar Oil Market based on the application can be further segmented into Cosmetics & Skincare, Toiletries, Aromatherapy and Others. The Cosmetic & Skincare segment held a dominant market share in the year 2021, owing to the extensive use of cedar oil in cosmetic industries for various products such as shampoo, face cleansers, deodorants, and conditioners. For instance, in January 2022, Bathing Culture introduced Mind & Body Wash scent and Cathedral Grove with infused cedar oil in the market. Such use of cedar oil in cosmetics products and their increasing popularity among consumers drive the growth of the Global Cedar Oil Market share. However, Aromatherapy is estimated to grow with the fastest CAGR of 7.3% over the forecast period 2022-2027. Owing to the growing demand for cedar oil in aromatherapy, it helps relieve pain, stress and anxiety improves sleep and has cleansing properties. Also, it is beneficial to enhance concentration, decrease hyperactivity, reduce harmful stress, ease tension and clear the mind. Owing to such properties of cedar oil its demand for aromatherapy is increased and fuels the growth of the Global Cedar Oil Market Share over the forecast period 2022-2027.

Cedar Oil Market Segment Analysis - By Geography

North America held a dominant market share of 34% in the year 2021, as it is the leading producer and consumer of cedar oil. According to the Ballinger TX organization, in February 2022, Runnels County held 74.91% of cedar oil production and Taylor held 12.69% of total production. Such high production and increasing demand for cedar oil fuels the regional market growth. Furthermore, Asia-Pacific is estimated to grow with the fastest CAGR over the forecast period 2022-2027. This is owing to the growing production of cedar oil in China & India and increasing demand all over the region. The increasing population coupled with upsurging numbers of aromatherapy centers and spas & body massage centers in the region fuels the growth of the Global Cedar Oil Market Size over the forecast period 2022-2027.

Cedar Oil Market Drivers

Growing Number of Spa and Aromatherapy Centers Drive Market Growth.

The demand for essential oils usually in spa and aromatherapy centers is high owing to their relaxing effects and rejuvenating properties. According to Boulevard, in 2019 in the U.S, by 2027, the size of the global spa market is expected to reach $133 billion, a marked increase from the pre-pandemic market size of $105 billion recorded in 2019. Such a high number of spas and a hike in visitors fuel the growth of the Global Cedar Oil Industry over the forecast period 2022-2027.

Use of Cedar Oil in Insect Repellent Products Drive Market Growth.

Cedar oil is used in insect repellent products owing to its excellent bioactivity against many arthropods. Cedar oil is able to dissolve pests in their early life cycle stages like eggs and larvae and it can disintegrate the exoskeletons of adult pests. The average pest control price in the U.S is $400 to $950 per year which can be minimized by using cedar oil. Such insect repellent properties of cedar oil and its use in insect repellent products drive the growth of the Global Cedar Oil Industry over the forecast period 2022-2027.

Cedar Oil Market Challenge

Unavailability of Raw Material is Hampering Market Growth

To produce cedar oil the raw material from the cedar tree is required but due to the over-exploration of natural resources and commercial plantation of selected varieties, the cedar plant is listed in IUCN red list as its population reduced by over 20%. The current price of cedar in India is 2,500 INR per cubic foot. Such low availability of raw materials and their high price may limit the growth of the Global Cedar Oil Industry growth over the forecast period 2022-2027.

Cedar Oil Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Global Cedar Oil Market. The top 10 companies in the Global Cedar Oil Market are:

  1. Essential oil in. 
  2. Finetech Industry Limited
  3. Foreverest Resources Ltd.
  4. Neptune Wellness Solutions
  5. Mother Herbs (P) Ltd.
  6. Orchid Chemical Supplies Ltd.
  7. Young Living
  8. A.G. Industries
  9. Falcon Essential Oils
  10. SVA Organics

Recent Developments

  • In October 2021, Alo Yoga launched 6 essential oils Breathe + Spa, Sleep + Downshift, Cleanse + Detox, Awaken + Center, Energize + Fresh and Chill + Unwind at $18 for each piece and & $75 for entire collection.
  • In August 2020, Young Living the world's leading provider of essential oils announced a series of new products and product lines in the home, family and self-care group during its virtual International Grand Convention.
  • In February 2020, Neptune Wellness Solutions Inc. announced the official launch of the Forest Remedies brands. Also, it announced a strategic partnership with American Media LLC to help support the U.S. launch and growth of Neptune's Ocean Remedies brand and product line.

Relevant Titles

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1. Cedar Oil Market - Overview
    1.1 Definitions and Scope
2. Cedar Oil Market - Executive Summary
3. Cedar Oil Market - Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Global Financial Analysis – Key Companies
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Cedar Oil Market - Start-up Companies Scenario Premium
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Cedar Oil Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Cedar Oil Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porter's Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Cedar Oil Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Cedar Oil Market – by Technique
    8.1 Steam Distillation
    8.2 Carbon Dioxide Distillation
    8.3 Cold Press
9. Cedar Oil Market – by Application 
    9.1 Cosmetics & Skincare
    9.2 Toiletries
    9.3 Aromatherapy
    9.4 Others
10. Cedar Oil Market – by End-user
    10.1 Spa & Relaxation Centers
    10.2 Pharmaceuticals
    10.3 Others
11. Cedar Oil Market - by Geography
    11.1 North America
        11.1.1 the U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 the UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 the Middle East
        11.5.2 Africa
12. Cedar Oil Market - Entropy
13. Cedar Oil Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Market Share by Region – Key companies
        13.1.2 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Cedar Oil Market – Key Company List by Country Premium Premium
15. Cedar Oil Market - Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
*"Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Cedar Oil Market, by Type Market 2023-2030 ($M)
2.Global Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Cedar Oil Market, by Type Market 2023-2030 (Volume/Units)
4.Global Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Cedar Oil Market, by Type Market 2023-2030 ($M)
6.North America Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Cedar Oil Market, by Type Market 2023-2030 ($M)
8.South America Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Cedar Oil Market, by Type Market 2023-2030 ($M)
10.Europe Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Cedar Oil Market, by Type Market 2023-2030 ($M)
12.APAC Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Cedar Oil Market, by Type Market 2023-2030 ($M)
14.MENA Cedar Oil Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)

LIST OF FIGURES

1.US Global Cedar Oil Market Revenue, 2023-2030 ($M)
2.Canada Global Cedar Oil Market Revenue, 2023-2030 ($M)
3.Mexico Global Cedar Oil Market Revenue, 2023-2030 ($M)
4.Brazil Global Cedar Oil Market Revenue, 2023-2030 ($M)
5.Argentina Global Cedar Oil Market Revenue, 2023-2030 ($M)
6.Peru Global Cedar Oil Market Revenue, 2023-2030 ($M)
7.Colombia Global Cedar Oil Market Revenue, 2023-2030 ($M)
8.Chile Global Cedar Oil Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Cedar Oil Market Revenue, 2023-2030 ($M)
10.UK Global Cedar Oil Market Revenue, 2023-2030 ($M)
11.Germany Global Cedar Oil Market Revenue, 2023-2030 ($M)
12.France Global Cedar Oil Market Revenue, 2023-2030 ($M)
13.Italy Global Cedar Oil Market Revenue, 2023-2030 ($M)
14.Spain Global Cedar Oil Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Cedar Oil Market Revenue, 2023-2030 ($M)
16.China Global Cedar Oil Market Revenue, 2023-2030 ($M)
17.India Global Cedar Oil Market Revenue, 2023-2030 ($M)
18.Japan Global Cedar Oil Market Revenue, 2023-2030 ($M)
19.South Korea Global Cedar Oil Market Revenue, 2023-2030 ($M)
20.South Africa Global Cedar Oil Market Revenue, 2023-2030 ($M)
21.North America Global Cedar Oil By Application
22.South America Global Cedar Oil By Application
23.Europe Global Cedar Oil By Application
24.APAC Global Cedar Oil By Application
25.MENA Global Cedar Oil By Application