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Global Patchouli Oil Market Insight February 22, 2022 Comments

Global patchouli oil is forecast to 2.81% over the next five years. According to the WK-chem Research, “Global Patchouli Oil Professional Survey Report 2022, Forecast to 2027”, the growing population coupled with rising disposable income further drives the regional market for patchouli oil. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 2.81% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“The awareness about clean label products among the millennial population has steadily increased over the past several years. Consumers want to buy goods that they trust. This is the reason that the manufacturers of food and beverages as well as consumer products are shifting towards more organic and natural ingredients in the goods that they produce. The use of natural ingredients such as patchouli oil in products has increased the demand for essential oils in the global market”, said Cheryl Evans, Senior analyst, in WK-chem Research.

Market insight:
Patchouli is widely used in the perfumery, the cosmetics industry, and aromatherapy for its distinctive musky smell which distinguishes it from other pungent-smelling oils such as Rosemary or Lavender. The demand for patchouli oil has grown because of increasing use in manufacturing different cosmetic products like soap, shampoo, shaving cream, creams, and perfumes.
COVID-19 has hampered the growth of the Patchouli Oil market significantly from last year. Huge demand for Patchouli Oil market noticed from massive manufacturing countries, which are seriously affected by the spread of coronavirus.

Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading patchouli oil companies that include: Pt. Indesso Aroma, Takasago International Corporation, Firmenich SA, VANAROMA, Eastern Agencies Aromatics Pvt. Ltd., Givaudan, Nusaroma, PT. Djasula Wangi, PT. BotanAgra Indonesia, Treatt Plc.

Segmentation of Patchouli Oil Market:
According to the type, the market for patchouli oil is divided into: Dark Patchouli Oil and Light Patchouli Oil. Light Patchouli Oil has the largest market share. Light Patchouli Oil brings about a positive mood. It has excellent fixative, antiseptic and anti-fungal properties; it helps to repel insects such as mosquitoes, moths, etc., which makes it an important component of room sprays. Light Patchouli Oil promotes relaxation. It is used in aromatherapy for its calming effect on the mind and nervous system. It helps with anxiety, stress, and insomnia as well as depression, emotional traumas, and grief.
According to the application, the market for patchouli oil is divided into: Perfumery, Medicine, Flavorings, and Others. Perfumery has the largest market share. The majority of the patchouli oil in perfumery is used as a base note to support other fragrances. It is commonly blended with sandalwood oil, clary sage, and other essential oils to produce a rich blend. The scent of patchouli is said to have a sensual, earthy, and sweet aroma that can be used in both luxury perfumes as well as body care products. It has been associated with eroticism due to its aphrodisiac properties.

Patchouli Oil Market: Regional Analysis
In terms of geography, the global patchouli oil market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The North American market is expected to witness significant growth during the forecast period. The growing demand for patchouli oil from end-use industries such as perfumery, flavorings, and others including therapeutic, incense, and household in this region largely drives the regional market for patchouli oil. In addition, an increase in consumer preference towards the natural ingredients coupled with the rising demand for perfumery, flavorings, and others including therapeutic, incense, and household products are expected to drive the North American market.

Cagr: 2.81%
Largest share area:North America
Largest share country:United States
Product Type:Dark Patchouli Oil and Light Patchouli Oil
Application:Perfumery, Medicine, Flavorings, and Others.
Leading Company:Pt. Indesso Aroma, Takasago International Corporation, Firmenich SA, VANAROMA, Eastern Agencies Aromatics Pvt. Ltd.