Global Oregano Oil Market By Overview
Oregano herb is a member of mint family. Oregano oil is derived from leaves and flowers of wild oregano plant by steam distillation process. Carvacrol is an active element in oregano which is widely used in various types of medicines. Oregano oil is widely recognized for their antimicrobial activity, as well as their antiviral and antifungal properties.
Increasing health consciousness among the individuals and growing preferences towards natural and herbal are major factors driving growth of the global oregano oil market. In addition, adoption of oregano oil in healthcare and pharmaceutical sector are factors supporting growth of the target market. Furthermore, one of the crucial application of oregano oil is used as a preservative in many food industries to improve food shelf life is also factor boost growth of the target market. In addition, rising applications and awareness regarding benefits of oregano oil are factor supporting growth of the target market. Moreover, oregano oil also contains vitamin E complex, calcium, magnesium, zinc, iron, potassium, copper, boron, manganese, vitamins A and C, and niacin. It is used as a secondary source for health supplementary products. However, high cost associated with oregano oil and lack of knowledge about oregano oil may hamper growth of the global oregano oil market.
Oregano oil market has been segmented on the basis of type, application, and region.
On the basis of type, the target market is classified into organic oregano oil and conventional oregano oil. Based on application, the target market is bifurcated into cosmetics, pharmaceuticals, food, and beverages. The cosmetics application segment is expected to hold largest market share in terms of revenue as compared to other segments. This is attributed to growing use of oregano oil in cosmetics products across the globe.
On the basis of region, the oregano oil market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to hold for the largest market share in terms of revenue and expected to maintain its dominance over the forecast period. This is owing to rising used of oregano oil in food and beverages in this region. The Asia Pacific is expected to register significant growth in the global market in terms of revenue. This is attributed to rising use of oregano oil in medicine and aromatherapy in the region.
Global Oregano Oil Market By Competitive Landscape & Key Players
Key players in the oregano oil market includes AOS Corps., CG Herbals, Healing Solutions Essential Oils, Native American Nutritionals Essential Oils, Rocky Mountain Oils Corp., Plant Therapy Inc., Aura Cacia Essential Oils, Prime Natural Essential Oils LLC, Mountain Rose Herbs Essential Oils Inc., and Fabulous Frannie Essential Oils.
FAQs
Oregano oil market has been segmented on the basis of type, application, and region.
The oregano oil market is driven by increasing consumer awareness of its health benefits, rising demand for natural and organic products, and the growing popularity of alternative medicine. Its applications in pharmaceuticals, cosmetics, and food & beverages also contribute to market growth.
The regions considered in the report typically include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market due to high consumer awareness, a well-established natural products industry, and significant demand for organic health supplements.
Key players in the oregano oil market includes AOS Corps., CG Herbals, Healing Solutions Essential Oils, Native American Nutritionals Essential Oils, Rocky Mountain Oils Corp., Plant Therapy Inc., Aura Cacia Essential Oils, Prime Natural Essential Oils LLC, Mountain Rose Herbs Essential Oils Inc., and Fabulous Frannie Essential Oils.