Abies Alba Leaf Oil Market

Abies Alba Leaf Oil Market Size, Share, Growth (2023-2028)

Abies Alba Leaf Oil Market size was at USD 0.6 million in 2023 to reach USD 0.73 million in 2028 with a CAGR of 3.90%.

Abies Alba Leaf Oil Market Overview:

Abies Alba, also known as silver fir, refers to a large conifer found in the mountainous regions of central Europe and parts of southern and Eastern Europe. Abies Alba, being the tallest arboreal species, is of great importance in terms of the ecological and functional balance of European forests. It is adaptable to a wide range of soil types with different nutrient content and alkalinity conditions and helps to maintain high biodiversity in forest ecosystems. The Abies Alba leaf contains an essential oil widely used in the cosmetics and perfume industry. The oil has a very high medicinal value and is widely used in the treatment of rheumatism, joint pain, sinusitis, muscle cramps, coughs, colds, acne, scabies, wrinkles, and insect bites.

Abies Alba Leaf Oil Market Report Coverage:

Recent Developments in Abies Alba Leaf Oil Market:

1. Aspenleaf Energy Limited was pleased to announce the completion of the acquisition of NEP Canada ULC, a private light oil producer with concentrated operations in the Leduc / Woodbend region. This acquisition combines two assets located in central Alberta that are geographically and geologically complementary to create an opportunity-rich, high-net-return, light oil-based entity. Aspenleaf has identified a significant number of new and highly affordable well locations and has a seven-year drilling inventory in its two main areas.

2. Maple Leaf Royalties Corp. was pleased to announce that it has completed the previously announced acquisition of royalty rights in 14 oil and gas wells located in west-central Alberta of Maple Leaf 2011 Energy Income Limited Liability Company.

3. Roadman Investments Corp. was pleased to announce that, following its press release dated February 12, 2020, has signed a final agreement by virtue of which it acquired all the issued and outstanding shares of CLOV Biopharma Corp., which is focused on the continuous research and development of Cedar Leaf Oil Vapor with the aim of preventing the spread of coronavirus and other potentially pathogenic similar respiratory viruses, for example, influenza viruses and for -influenza, and respiratory syncytial viruses.

4. Recyclers Baker Commodities has acquired a majority stake in New Leaf Biofuel, based in San Diego, California. The New Leaf acquisition allows Baker to expand into other markets that are vertically integrated with its processing operations and add value to the fats and oils produced. For eight years, New Leaf Biofuel has converted used cooking oil (UCO) into ultra-low carbon biodiesel, which is used in commercial and municipal fleets in California.

Abies Alba Leaf Oil Market Drivers and Restraints:

The global Abies Alba leaf oil market is expected to be driven by its high medicinal value. It offers various health benefits such as detoxification of the body, improves respiratory conditions, fixes metabolism, eliminates body odor, stimulates the immune system, and prevents infections. a wide range of therapeutic properties such as analgesic, antiseptic, astringent, balsamic, decongestant, deodorant, diuretic, expectorant, immunostimulating, rubefacient, stimulant, tonic, vasoconstrictor, and so on. These properties make leaf oil a pivotal medicinal source. The demand for Abies Alba leaf oil is supported by an aging population, a recovery in GDP, an increase in disposable income, and most importantly, the increasing focus on preventive health care practices among consumers to lead a healthy life.

Abies Alba Leaf Oil Market Segmentation:

based on

• application

• distribution channel

• geography

Based on the Application:

• Food & Beverage

• Healthcare

• Personal Care

Growing consumer health awareness has driven demand for Abies Alba Leaf Oil in the health segment. The personal care segment is supposed to grow at a rapid pace in the Abies Alba Leaf Oil Market due to the increasing demand for aromatic flavors and fragrances in personal care products such as perfumes. In addition to this, the increased demand for spa and relaxation applications due to the change in lifestyle is estimated to drive the growth of the market in the coming years.

Distribution Channel: 

• offline

• online

The offline segment, comprising supermarkets/hypermarkets, convenience stores, and others accounted for the significant share in the review period, which is likely to be overtaken by the online segment in the coming years.

Impact of COVID-19 on Abies Alba Leaf Oil Market

There is no evidence that COVID-19 can be transferred from food or food packaging. The strict lockdown conditions have resulted in the temporary closure of manufacturing units and sales channels, affecting the revenue in the Abies Alba leaf oil market. At the beginning of the COVID-19, there was a slight increase in the sales of this oil. The increasing awareness about the medicinal advantages of this oil is supposed to create tremendous growth opportunities in the coming years. Along with the developed nations, the developing nations will offer great potential for development in this industry for the market players.

Abies Alba Leaf Oil Market  Regional Analysis:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East, and Africa

Abies Alba leaf oil production is higher in European countries such as France, Germany, and Bulgaria due to the availability of large forest areas. Europe was followed by North America to become the second-largest region in the market for Abies Alba Leaf Oil. Factors such as highly developed industries, rising per capita income, government subsidies, and tax breaks encourage the production and consumption of Abies Alba Leaf Oil in the North American region knowledge of the health benefits of products derived from natural sources. The Asia Pacific and LAMEA areas are still in the infant stage in terms of demand for this oil, which, however, is considered as an opportunity for expansion in the coming years.

Abies Alba Leaf Oil Market Key Players:

1. Eden Botanicals

2. Doterra International

3. Reincke und Fichtner

4. Bontoux S.A.S

5. Young Living Essential Oils

6. Sydney Essential Oils Co.