The global food & beverage industry is growing at a faster rate, especially the tea industry. Hence it gives wider opportunity for market for chamomile extract market.
Dallas, United States - October 22, 2020 /MarketersMedia/ —
The chamomile market is expected to grow at CAGR of over 10% in terms of revenue for the forecasted timeline. The chamomile plant is used for various applications including aromatherapy, perfumes, herbal tea, pharmaceuticals, medicines, healthcare products, which utilize this herb in the form of dried flowers, powder or oil. Chamomile is used as medicine for ointments, plasters, medicinal baths, and pouches.
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Due to the growing health consciousness, increasing for organic and natural cosmetics, rising use of active ingredients in organic skin care cosmetics, growing opportunity for Chamomile is expected to boost the demand for the global chamomile market over the forecast period. Moreover, due to the hassle in the routine the professionals are not able to take proper sleep. Thus, with the increasing organic cosmetic demand the global chamomile market is estimated to project the significant growth over the forecast period.
The report also throws light on various aspects of the global Chamomile industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Chamomile industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
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The global chamomile market is categorized into several segmentations including type overview, end-use overview, and regions. Based on the type overview, the global chamomile market is fragmented into Cyclohexane Oxidation and Phenol Hydrogenation.
Based on the product overview, the global chamomile market is segregated into Sheets & strips and Plates. On the basis of end user overview, the global chamomile market is segregated into Aromatherapy, Personal Care, Healthcare, Perfume industry, Flavoring agent, Food and Beverage industry, and Others.
The global Chamomile market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Chamomile market, the market is categorized into aromatherapy, personal care, pharmaceuticals, perfume industry, food & beverages, and others on the basis of end use. The aromatherapy segment is analyzed to grow at a CAGR of over 12% over the forecast timeframe. The growth of this segment is primarily contributed to a rising inclination toward health and stress relieving remedies is poised to catapult the segment growth.
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Asia Pacific region is expected to gain impressive growth in the coming years. A huge number of essential oil obtained from chamomile are manufactured by the processing and gathering of wild plants through subsistence farmers, large scale plantations, and small scale plantations. Other types of essential oil are manufactured as by-products of other primary products. Other plantations and small farms may include activities such as agro-tourism within their sites to enhance profitability. Long tenures of low prices can bring volatility to the overall essential oil industry, promoting countries such as Vietnam, China, and India to enhance production, which in turn is stimulating the industry size.
The major players operating across the global Chamomile market include d?TERRA, Mountain Rose Herbs, Kanta Group, Lebermuth, Young Living Chamomile, Ultra International B.V., and Territorial Seed Company, including others. These companies are focusing toward expanding their market penetration through expansion of manufacturing facilities and diversifying product portfolio.
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Segment overview of Chamomile market
Form Overview, 2018-2025, (USD Million and Tons)
Chamomile
Extract
End Use Overview, 2018-2025, (USD Million and Tons)
Aromatherapy
Personal Care
Pharmaceuticals
Perfume Industry
Food & Beverages
Others
Regional Overview, 2018-2025, (USD Million and Tons)
North America
U.S.
Canada
Europe
UK
Germany
Italy
France
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC
Northern Africa
Southern Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Chile
Peru
Rest of Latin America
What does the report include?
The study on global Chamomile includes qualitative factors such as drivers, restraints, and opportunities.
The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented on the basis of form and end use. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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