What is Amyris Oil?
Sandalwood West Indies, commonly known as Amyris, is an essential oil derived from the wood of the amyris tree. The gloopy material is recovered using partial pressure steam distillation, which is a physical separation technique. Amyris has extensive applications in the cosmetics market primarily as the base fixator in the manufacturing of the soaps and perfumes. The growing demand for essential oils as the disposable income and living standards of people are on a rise. North America is the largest market of the Amyris Oil.
The market study is broken down, by Application (Antiseptic, Cosmetics, Pharmaceutical and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Essential Oils Company (India), Amyris Inc. (United States), Sri Venkatesh Aromas (India), Berje Inc. (United States), Treatt (United Kingdom), Givaudan (Switzerland), Bontoux SA (France), Augustus Oils Ltd. (United Kingdom), Fleurchem, Inc. (United States) and The John D. Walsh Company, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AOS Products Private Limited (India), Fine Fragrance Private Limited (India) and Oneworld Corporation Private Limited (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Amyris Oil market by Type, Application and Region.
On the basis of geography, the market of Amyris Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Amyris Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Natural will boost the Amyris Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Plastic Bottle will boost the Amyris Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Amyris, Inc., a United States based synthetic biotechnology and renewable chemical company has announced acquisition of EcoFabulous Cosmetics, which is a cosmetic brand specifically targeting the Gen Z. Prior to this acquisition, Amyris acquired Costa Brazil, which is a luxury clean beauty brand, and announced its plans to sell off its flavor and fragrance business.
In 2018, Givaudan, Switzerland based multinational flavor and fragrance manufacturer has announced acquisition of 40.6% stake in Naturex, which is a France based botanical company specialised in plant based extraction. The acquisition is aimed at Givaudan’s strategic move towards plant based flavors and fragrances.
Market Trend
- Cosmetics Accounts for Largest Market Share
Market Drivers
- Increasing Demand from Cosmetics Manufacturers Specifically for Base Fixation in Soap and Perfume Manufacturing
- Growing Disposable Income and thus Increasing Living Standards has led to Higher Demand for Essential Oils
Opportunities
- Natural Sourced Segment is expected to Rise in Demand as People are shifting towards Chemical Free Products
- Similarly Aggressive Marketing on E-Commerce may Aid in Expanding the Market
Restraints
- Presence of Large Number of Substitute Essential Oils in Market
Challenges
- Presence of Adulterated or Counterfeit Products in Market
Key Target Audience
Amyris Oil Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.