What is Nutmeg Oil Market?
Nutmeg oil is the type of essential oil. It is colorless oil smells and taste of nutmegs. There is a different product type of essential oil such as lozenges, cough sweets, cough syrups, and ointments. Nutmeg oil is useful for pharmaceuticals, cosmetics, food products, fragrance, Spa & Relaxation, and Others. Additionally, this nutmeg oil is widely used for rheumatic pain. High demand in the fragrance industry will help to boost the global Nutmeg oil market.
The market study is being classified by Type (Lozenges, Cough Sweets, Cough Syrups and Ointments), by Application (Pharmaceuticals, Cosmetics, Food Products, Fragrance, Medical, Spa & Relaxation and Others) and major geographies with country level break-up.
Aromex Industry (India), Edens Garden (United States), Now Foods (United States), Reho Natural Ingredients (India), Frutarom (Israel), Rakesh Sandal Industries (India), Berjé Inc. (United States), De La Grenade Industries Ltd. (Grenada), De Monchy Aromatics (United Kingdom) and Ultra-International B.V. (Netherland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Albert Vieille (France), Elixens (France), Ernesto Ventos (Spain) and H.Interdonati (United States).
The global Nutmeg Oil market is highly fragmented, however, a limited number of new companies are estimated to enter the market over the upcoming period. This may be attributed to the high capital requirement as well as maintenance cost. Furthermore, existing companies are projected to advance their production abilities, thereby sustaining their presence. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Nutmeg Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Nutmeg Oil market by Type, Application and Region.
On the basis of geography, the market of Nutmeg 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing demand Due to Use in Cosmetics Products
- Rising Dependency on Medical Supplements
Market Trend
- High Adoption in Fragrance Products
- Growing Number of Nutmeg Oil Based Dietary Supplements As Well As Capsules
Restraints
- Inappropriate Doses Causes Side Effects
Opportunities
- Innovation of New Products in Pharmaceuticals Industry
Challenges
- High Consumption Causes Some Diseases
Key Target Audience
Nutmeg Oil Manfactures, Distributors, and Suppliers, Government Regulatory Authorities, Private Research Organizations, Consulting Companies, Government Research Institutes and Others