Global Copaiba Essential Oil Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.1 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Copaiba Essential Oil Market Overview:
Copaiba Essential Oil is extracted from Oil resins found in the Copaiba tree by Steam Distillation Process. Copaiba is a type of perennial tree found predominantly in tropical South America. Copaiba Essential Oils holds aromatic components that are used on a large scale in Aromatherapy and in making perfumes. Medicinal properties in Copaiba Essential Oils are used in manufacturing medicines on diseases related to immunity, digestion, cardiovascular, and nervous system.
The small and daily intake of Copaiba Essential Oil influences multiple signalling pathways to improved digestion and healthy heart, liver, and brain functions. Demand for organic products in medicines and cosmetics have resulted in the growth in the Copaiba Essential Oils Market. Increasing population, rise in a number of people suffering from deadly diseases, and a wide range of application in the pharmaceuticals and cosmetics industry has resulted in a boom in the Global Copaiba Essential Oil Market.
Global Copaiba Essential Oil Market Dynamics:
Copaiba Essential Oil is used on a large scale in manufacturing household medicines. Copaiba Essential Oil is used as a household medicine for fever, toothache, and constipation. With the increase in the use of herbal medicines throughout the world, a 6% increase has been observed in the demand for Copaiba Essential Oils.
According to a report by New York-based National Kidney Foundation Inc., 10% of the global population is affected by Chronic Kidney Diseases resulting in the death of more than a million people. Copaiba Essential Oil provides all required nourishment to the kidney and helps in reducing stomach pain that arises due to issues related to the kidney.
Copaiba Essential Oil is used on a large scale as a medicine to heal wounds. With a strong concentration of healing properties, Copaiba Essential Oil is used on a large scale to heal wounds in animals, especially in dairy animals and horses. Global Veterinary Health Market was valued at US $ 41 Billion in the year 2017. Copaiba essential Oils because of their soothing nature constitute 18% of the total anti-septic and healing medicines produced for veterinary health.
Large scale medicinal application, approval from health regulatory bodies around the world, and rising demand for herbal products are the main driving factors for the growth of the Global Copaiba Essential Oil Market.
Restraints:
Even after dilution, too much consumption of Copaiba Essential Oil results in stomach pain, nausea, and weakness. Medical advice to consume Copaiba Essential Oil in a limited amount is the major restraining factor here.
Kids under the age of 14, pregnant women, and people above the age of 50 are advised not to inhale Copaiba Essential Oil. The exclusion of such a large population has resulted in limited growth of the Global Copaiba Essential Oil Market.
Global Copaiba Essential Oil Market Segment Analysis:
The Global Copaiba Essential Oil Market is segmented on the basis of
By Product Type, It is observed that Copaiba Essential Oil as medicine and blender is consumed on a large scale by people. Medicines, Scent, and Moisturizers made by using Copaiba Essential Oil have observed a 5% increase in demand in the Asia-Pacific and North American region. Copaiba Essential Oil as Fixative is used on a large scale by people in the Art Industry.
By End Users, more than 60% of the Copaiba Essential Oil present in the commercial market is consumed by the Pharmaceuticals and Cosmetics Industry. An increase in the number of people visiting healthcare institutes for Aromatherapy has resulted in a 4% increase in consumption of Copaiba Essential Oil in the Healthcare Sector in Europe. An increase in consumption of homemade herbal medicines around the world has resulted in a 7.2% increase in domestic consumption of Copaiba Essential Oil in the US and Europe.
By Distribution Channels, It is observed that Copaiba Essential Oil Manufacturing firms prefer direct sales or online sales to sell their products. It is observed that with the rise in the number of people using the internet, demand for Copaiba Essential Oil through online portals has increased by 7%. Different mediums like Convenience Stores, Specialty Store, and Pharmacies are visited by people for purchasing Copaiba Essential Oil.
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It is observed that famous brands like doTERRA International and Hermitage Oils prefer selling directly to their customers without any retail outlet. The same culture has been followed by many industries making Direct Sales a preferred medium to purchase Copaiba Essential Oil. Specialized Stores that come under the organized sector have reported a 9% increase in the sales of Copaiba Essential Oils.
Pharmacies that deal in herbs and herbal products in the US and Europe have observed a 4% increase in demand for Copaiba Essential Oils. Lack of availability on a global platform has resulted in a 13% increase in the number of people visiting online mediums for purchasing Copaiba Essential Oil. Technological advancements throughout the world are expected an increase by 15% in the use of the E-Commerce platform for purchasing Copaiba Essential Oil.
Global Copaiba Essential Oil Market Regional Insights
Region-wise, South America held the largest market share in 2019. The presence of the Copaiba tree and processing industry on large scale in this region has resulted in the production of more than 75% of the total Copaiba Essential Oil manufactured in the world. Rising preference for plant-based medicine, cosmetics, and food products has resulted in a 7% increase in demand for Copaiba Essential Oil in North America. Medicine on Kidney and immunity-related issues containing Copaiba Essential Oil has observed a 4% increase in sales in this region.
Asia-Pacific comes in the third position as regions like China, Japan, and Vietnam have started using Copaiba Essential Oil-based cosmetics and personal care products. A rise of 9% in demand for the Copaiba Essential Oil-based cosmetics is observed in this region. The Middle East and Africa act as trade intermediaries between the western and eastern hemispheres. An increase in trade-related with herbs and rising demand for Copaiba Essential Oil in the Asia-Pacific region has resulted in a 4% increase in trade-related with Copaiba Oleoresins and Essential Oil.
Consumption of Copaiba Essential Oil in Europe is primarily in the cosmetics and veterinary health sector. It is observed that with more than 32% of the total consumption of Copaiba Essential Oil, Europe leads the Veterinary Medicinal application of the Global Copaiba Essential Oil Market.
The objective of the report is to present a comprehensive analysis of the global Copaiba Essential Oil market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Copaiba Essential Oil market dynamics, structure by analyzing the market segments and Project the global Copaiba Essential Oil market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Copaiba Essential Oil market make the report investor’s guide.
Global Copaiba Essential Oil Market Scope: Inquire before buying
Global Copaiba Essential Oil Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Copaiba Essential Oil Market Key Players
• Berje
• Elixens America
• Hermitage Oils
• Young Living Essential Oils
• Aromatics International
• Bontoux
• RTG Quimica
• Schreiber Essenzen GmbH & Co. KG
• L’OR DES LAVANDES
• Algovital
• Signature Products GmbH
• Drake Manufacture SA
• LISHA Essential Oils
• Barefut
• Indenta Group
• doTERRA International
• Jiangyin Healthway
• Shanghai Better Industry Co. Ltd.
• Indukern SA
• Global Merchants
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