According to Global Geranium Oil Market Size, Forecast, Analysis & Share Surpass US$ 19.2 Bn By 2028, At 5.2% CAGR

The global Geranium Oil market accrued earnings worth approximately 12.1 (USD Billion) in 2020 and is predicted to gain revenue of about 19.2(USD Billion) by 2028, is set to record a CAGR of nearly 5.2% over the period from 2021 to 2028. The report offers assessment and analysis of the Geranium Oil market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Geranium Oil Market: Outlook

Leaves, petals, and stem of geranium plant are used for producing geranium oil. The product has wound-healing, antibacterial, pharmacological, and antidepressant properties. Major ingredients of geranium oil include sabinene, geraniol, eugenol, citronellol, citronellyl formate, Methone, terpineol, linalool, and geranic. Furthermore, it is non-irritant, non-sensitized, and non-toxic and possesses sweet & floral fragrance. The product is utilized in several kinds of aromatherapy applications and has massive demand in cosmetics & personal care items, essential oils, and aromatherapy products.

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Geranium Oil Market: Growth Factors

Rose geranium oil is a major source of safe anti-inflammatory medicine production and hence is preferred more by reputed pharma firms, thereby driving geranium oil market trends. Furthermore, geranium plant is perennial medicinal & oil yielding and possesses exceptional commercial applications. This will further succor growth of geranium oil industry. Geranium oil is an essential oil that is utilized immensely as flavoring agent in perfumery, food, pharmaceutical, and cosmetics. In addition to this, the product is known for its antimicrobial features and health therapies such as aromatherapy. Apart from this, its antifungal, anti-oxidant, anti-neuro-inflammatory, insecticidal, and anti-inflammatory properties will promulgate expansion of geranium oil market over foreseeable future. Additionally, in vitro generation and plant transformation methods have successfully included beneficial traits in germanium crop, thereby assisting industry tread new paths of growth over coming years.

Furthermore, cytoprotective and immuno-modulatory features of geranium oil will coin new growth prospects for geranium oil industry. Nonetheless, low cultivation of germanium herbs due to its susceptibility to bacterial & virus infections can pose threat to growth of germanium oil industry over upcoming years. However, application of tissue culture techniques for maintaining & improving yield of different kinds of germanium plants will prop up market growth along with nullifying negative impact of hindrances on germanium oil business. Apart from this, introduction of meristem tip culture for producing disease free plants will aid geranium oil market reach ascending heights of growth in coming years. Growing research on enhancing agronomic traits of geranium plants and good ability of these plants for treating various kinds of diseases owing to its exceptional pharmacological features will assist geranium oil market hit highest peak of growth within next couple of years.

Geranium Oil Market: Regional Insights

Europe To Acquire Number One Position In Regional Market By 2028

With Europe being a major essential oil producer, geranium oil market in Europe is anticipated to gain traction over years ahead. In addition to this, there is lucrative demand for product in Germany, France, and the UK. Growing awareness about medicinal benefits offered by geranium oil will escalate growth of geranium oil market in Europe. Popularity of aromatherapy and use of product as ingredient in cosmetics, food & beverages, pharmaceuticals, and perfumery will steer regional market growth.

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