Spikenard Essential Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026


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Global Spikenard Essential Oil Market: Snapshot

Spikenard essential oil is extensively used in herbal medication. The oil is used to treat insomnia, stress, digestive disorders, weak immunity and various other infections. The oil has high values in Ayurvedic medications which can help the patient to treat fatigue syndrome and other nervous problems. The oil is also used cleanse the uterus and help with issues such as infertility and other menstrual disorders. Owing to these medical benefits the global spikenard essential oil market is experiencing tremendous growth in the forecast period of 2019 to 2027.

  • Spikenard essential oil protect the patient from the bacterial growth on skin and inside the body. The oil applied on the skin is applied to the wounds in order to kill bacteria and swiftly heals the cuts. On the other hand inside the body, spikenard treats various bacterial infection in kidneys, urinary bladder and urethra. These medical applications are major growth driving factors for global spikenard essential oil market.

The spikenard essential oil is highly beneficial to patient's health. As it has the ability to fight the inflammation happening anywhere in the body. The oil has remarkable properties of soothing the inflammation from its route. The oil can also relive the patient from diseases such as asthma and TB. It also provides reliefe to the patients from excruciating pain of arthritis and Crohn's diseases. As a result of these advantages, the spikenard essential oil is extensively used by various pharmaceutical companies. This in turn is promoting the growth of global spikenard essential oil market in the forecast of 2019 to 2027.

Market Outlook of Spikenard Essential Oil:

An essential oil is a liquid containing aroma or fragrance compound taken from different parts of plants. Essential oils are also called as ethereal oils, volatile oils, or aetherolea. An oil is considered to be essential as it contains the essence of plants, which is one of the main reason to provide the fragrance and aroma to the oil. Essential oils are mainly used in cosmetics, soaps, perfumes and other personal care products. Essential oils are being used in the food and beverage industry in order to increase the aroma of the food product. It is used during the aromatherapy, as it induces relaxation for the body. There are different types of essential oils available such as cinnamon essential oil, clove essential oil, lemon essential oil, spikenard essential oil, ginger essential oil, cumin essential oil, rosewood essential oil, sandalwood essential oil among other essential oils. Spikenard essential oil is made from spikenard tree. Spikenard essential oil is mostly found in APAC region. Spikenard essential oil is otherwise called as muskroot, nardin and nard. Spikenard essential oil has been used for many years to treat various problems in female reproductive organs such as ovaries and uterus. Spikenard essential oil is used for healing skin related problems. Spikenard essential oil market will increase in the upcoming years for its various medicinal properties.

Growing consumer preference for Aromatherapy is promoting demand for Spikenard Essential Oil for its soothing and relaxing benefits:

Spikenard essential oil is extracted by a process known as steam distillation of the spikenard resins obtained. Spikenard essential oil is widely used as an herbal medicine in places such as India and Nepal. Spikenard essential oil possesses many properties such as antifungal, antibacterial and anti-inflammatory. Spikenard essential oil is also used as a deodorant, sedative, laxative and a uterine substance. Spikenard essential oil is earthy and has a soil-like smell, which can be used in aromatherapy as a calming and a sedative agent. The spikenard essential oil consists of calarene, aristolene, coumarin, clalarenol, nardol, dihydroazulenes, nardostachone, jatamanshinic acid, valerianol, valeranone, and valeranone as its important components, which are also the main sources of its medicinal properties. Spikenard essential oil possess antibacterial properties which makes it as an efficient skincare agent. The spikenard essential oil also helps cure ailments which are caused by fungal infections such as food poisoning, itching, psoriasis, dermatitis, and other fungal infections. Spikenard essential oil helps eliminating odor as it carries a pleasant smell, which can also be used as a deodorant.

Global Spikenard essential oil Market: Market Segmentation

On the basis of end use, the global spikenard essential oil market has been segmented as:

  • Household Care
  • Healthcare
  • Cosmetics and Personal Care

On the basis of functions, the global spikenard essential oil market has been segmented as:

  • Antibacterial
  • Antifungal
  • Anti-inflammatory

On the basis of distribution channel, the global spikenard essential oil market has been segmented as:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Pharmaceuticals
  • Online Retail

Global Spikenard Essential Oil Market: Market Participants

Some of the market participants operating in the global spikenard essential oil market identified across the value chain Kanta Enterprises Private Limited, AOS Products Private Limited, Aromaaz International, Lipotec S.A.U., Avi Naturals, N. CHIMANLAL & CO., Kanta Enterprises Private Limited., Kazima Perfumers, Venkatramna Industries, Monte Orleans Incorporation., Ambre Blends, Essential Aura Aromatics, Beach Stonearoma among the other Spikenard Essential Oil participants.

Key Developments in the Spikenard Essential Oil market:

In the year 2018, Ambre Blends. The company got featured in most of the health and wellness, cosmetic and personal care magazines such as organic spa, new beauty magazine, HARPER’S BAZAAR AUSTRALIA, glamourmag.com and many other fashion blogs which creates an awareness among the consumers regarding spikenard essential oil benefits.

Opportunities for Participants in the Spikenard Essential Oil Market:

The potential for the growth of the spikenard essential oil market is quite high owing to its various health benefits. The population in regions such as Northern America and Latin America use Spikenard essential oil on a daily basis. If the same practice is adopted by other regions, the spikenard essential oil is likely to lead to global market growth.

Brief Approach to Research

The company follows a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the types, forms, ingredients, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges, and trends
  • Detailed value chain analysis of the market
  • The cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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