Increasing consumption of chamomile owing to rising health awareness across developing countries will proliferate the global Chamomile industry
The global Chamomile market size is anticipated to reach over USD 412 billion by 2025. Chamomile is a member of daisy plant, which is a member of Asteraceae family that is cultivated across different regions, including Europe, North West Asia, North America, and Africa. It is primarily developed in two species, including Roman Chamomile (Chamaemelum nobile) and German Chamomile (Chamomilla recutita).
In the past few years, chamomile oil has witnessed significant application on account of growing inclination of the consumers toward aromatherapy across developed as well as developing region. Changing life style, hectic work schedules, and long hour exposure to digital screens has escalated anxiety level among the working class, which in turn is stimulating the product demand. Furthermore, rising geriatric population across the globe leading to increased anxiety level, blood pressure and contagious disease, which could be treated with chamomile in turn is expected to complement the industry landscape over the forecast timeframe.
The report also throws light on various aspects of the global Chamomile industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Chamomile industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global Chamomile market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Chamomile market, the market is categorized into aromatherapy, personal care, pharmaceuticals, perfume industry, food & beverages, and others on the basis of end use. The aromatherapy segment is analyzed to grow at a CAGR of over 12% over the forecast timeframe. The growth of this segment is primarily contributed to a rising inclination toward health and stress relieving remedies is poised to catapult the segment growth.
Asia Pacific region is expected to gain impressive growth in the coming years. A huge number of essential oil obtained from chamomile are manufactured by the processing and gathering of wild plants through subsistence farmers, large scale plantations, and small scale plantations. Other types of essential oil are manufactured as by-products of other primary products. Other plantations and small farms may include activities such as agro-tourism within their sites to enhance profitability. Long tenures of low prices can bring volatility to the overall essential oil industry, promoting countries such as Vietnam, China, and India to enhance production, which in turn is stimulating the industry size.
The major players operating across the global Chamomile market include d?TERRA, Mountain Rose Herbs, Kanta Group, Lebermuth, Young Living Chamomile, Ultra International B.V., and Territorial Seed Company, including others. These companies are focusing toward expanding their market penetration through expansion of manufacturing facilities and diversifying product portfolio.
Segment overview of Chamomile market
- Form Overview, 2018-2025, (USD Million and Tons)
- Chamomile
- Extract
- End Use Overview, 2018-2025, (USD Million and Tons)
- Aromatherapy
- Personal Care
- Pharmaceuticals
- Perfume Industry
- Food & Beverages
- Others
- Regional Overview, 2018-2025, (USD Million and Tons)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Northern Africa
- Southern Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Chile
- Peru
- Rest of Latin America
- North America