North America Abies Alba Leaf Oil Market

North America Abies Alba Leaf Oil Market Analysis:

North America Abies Alba Leaf Oil Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Abies alba refers to a large coniferous tree found in the mountains of Europe, from the Pyrenees north to Normandy, east to the Alps and the Carpathians, Slovenia, Croatia, Bosnia, and Herzegovina, Serbia, and south to Italy, Bulgaria, and northern Greece. It is also known as European silver fir or silver fir. It is the tallest tree species that maintain the ecological and functional balancing of European forest.

Abies alba leaf contains essential oil which is widely used for its medical value and fragrance in the cosmetics industry. It is largely used for the treatment of cough, cold, acne, joint pain, cramps, wrinkles, headache and scabies. The essential oil extracted is used in wide range of therapeutic properties such as antiseptic, analgesic, balsamic, astringent, decongestant, deodorant, stimulant, tonic, and vulnerary. It provides various health benefits such as improved respiratory conditions, detoxification of body, fasten the metabolism, eliminates the bad body odour, stimulates immune system and prevents infections.

Increasing health consciousness, growth in aging population, recovered GDP, increased demand of spa and relaxation applications owing to the change in life-style, increased disposable income and growing emphasis of preventive health care practices are driving the growth of the North America abies alba leaf oil market. However, limited of skilled numbers and lack of awareness are restraining the growth of North America abies alba leaf oil market.

North America Abies Alba Leaf Oil Market Segmentation:

The North America Abies Alba Leaf Oil Market is segmented on the basis of application and region. Depending on the application, the market is segmented into food & beverages, health care, personal care and others. The health care segment has the largest revenue due to the its medical value and rising health conscious. The personal care segment is expected to grow at a rapid pace in the North America market due to the rising demand of personal care products such as perfumes. The North America market has been geographically segmented into segmented into US and Canada. North America has the second largest revenue due to the highly developed industries, increasing disposable income, high consumption of abies alba and favourable government policies.

North America Abies Alba Leaf Oil Market Key Players

Some of the key players in the North America Abies Alba Leaf Oil market include Doterra International, Sydney Essential Oils Co., Young Living Essential Oils, Bontoux S.A.S, Reincke und Fichtner GmbH, Eden Botanicals, and Essential Oils of New Zealand.