Global Helichrysum Oil Market Overview
Helichrysum Oil Market Size was estimated at 398.54 (USD Billion) in 2022. The Helichrysum Oil Industry is expected to grow from 427.19(USD Billion) in 2023 to 798.24 (USD Billion) by 2032. The Helichrysum Oil Market CAGR (growth rate) is expected to be around 7.19% during the forecast period (2024 - 2032).
Key Helichrysum Oil Market Trends Highlighted
The helichrysum oil market is anticipated to exhibit substantial growth in the coming years, driven by increasing consumer awareness regarding the therapeutic properties of essential oils and the growing demand for natural and organic skincare and wellness products. The oil, extracted from the flowers of the Helichrysum plant, possesses potent anti-inflammatory, antimicrobial, and antioxidant effects, making it highly sought after in various applications.
Key market drivers include the rising prevalence of skin conditions such as eczema and psoriasis, leading to increased demand for natural remedies. The oil's anti-aging properties and ability to promote skin regeneration further contribute to its popularity in the cosmetics industry. Additionally, the increasing adoption of aromatherapy and traditional medicine practices presents significant growth opportunities for helichrysum oil.
Recent trends in the market include a shift towards sustainable and ethical sourcing of essential oils, with consumers becoming more conscious of the environmental impact of extraction methods. Furthermore, advancements in extraction and distillation techniques are enhancing the yield and quality of helichrysum oil, making it more accessible to a wider consumer base.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Helichrysum Oil Market Drivers
Growing Demand for Natural and Organic Skincare Products
The Natural Skincare Products Segment will be the fastest-growing segment of the Helichrysum Oil Market Industry. This is due to the increasing consumer preference for natural and organic personal care products. As consumers become more aware of the potentially harmful effects of synthetic ingredients, they are seeking out products made with natural ingredients that are less harsh on their skin. Helichrysum oil is ideal for this purpose as it is anti-inflammatory, antimicrobial, and antioxidant.Its natural ability to care for skin has made it a desirable ingredient in a range of products, such as face creams, serums, and body lotions.
Rising Popularity of Aromatherapy
Aromatherapy is becoming more and more popular in today’s wellness industry, where helichrysum oil is one of the most favored essential oils. It is thought to have a calming effect, due to which it is used in many aromatherapy blends that are effective for reducing stress, helping to sleep, or fighting anxiety. It is likely that the growing popularity of aromatherapy will contribute to the higher demand for helichrysum oil that is expected in the future.
Increasing Use in Traditional Medicine
Helichrysum oil has a long history of use in traditional medicine. It is used by many of the world’s cultures to treat a wide range of conditions, from wounds and burns to skin infections. While there is an increasing interest in using helichrysum oil for medicinal purposes, scientific research is still being conducted in order to verify and understand the properties and effects of the oil.
Helichrysum Oil Market Segment Insights
Helichrysum Oil Market Grade Insights
The Helichrysum Oil Market is segmented by grade, namely essential oil, absolute oil, and co2 extract. The Essential Oil segment accounted for over 60% of the market in 2023, as it is widely used in aromatherapy, cosmetics, and personal care products. The Absolute Oil segment is anticipated to grow at the highest CAGR during the forecast period on account of its increasing use in high-end skincare and perfumery. Essential Oil derived from the steam distillation of Helichrysum flowers has a sweet, herbaceous scent with slightly floral and fruity notes.It is a potent anti-inflammatory, antimicrobial, and antioxidant. Essential Oil is mainly used in aromatherapy to help soothe the mind and encourage relaxation and balance. It is also used in cosmetics and personal care products for its skin-soothing and anti-aging properties. Absolute Oil is obtained from the flowers through solvent extraction. It is more concentrated than Essential Oil and features a richer, more intensely warm, honey-like fragrance. Absolute Oil has a longer shelf life than Essential Oil and is mainly used in high-end skincare and perfumery for its luxurious scent and skin-regenerating profile.CO2 Extract is obtained through supercritical fluid extraction using carbon dioxide. It is highly concentrated and contains the fullest range of active constituents found in the Helichrysum flowers. It is a powerful anti-inflammatory, antioxidant, and antimicrobial product used in skincare to reduce inflammation, even out skin tone, as well as stimulate collagen promotion. The Helichrysum Oil Market is driven by the increasing demand for naturally derived and organic personal care products. The market is expected to reach USD 600 million by 2030, growing at a CAGR of 6.5% during the forecast period.A surge in income coupled with increasing awareness of the health benefits of essential oils is expected to enhance the market in the forthcoming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Helichrysum Oil Market Application Insights
Personal care, cosmetics, aromatherapy, pharmaceuticals, and food and beverage are the segments of the Helichrysum Oil Market. The personal care segment is forecast to be a leader of the market in 2023, holding USD 155.43 billion. The point is that the demand for natural and organic personal care products has increased a.o.t.d. The highest CAGR will belong to the cosmetics segment as it is predicted to equal 7.5%. The popularity of helichrysum oil for the development of anti-aging and skin care products has been increasing, which has led to the development of the segment.The second-largest segment is expected to be aromatherapy. It will make USD 103.56 billion over the anticipated period since people more often use helichrysum oil in the field of aromatherapy to enjoy a calming and relaxing effect. Pharmaceuticals will not witness very high dynamics, but the significant role of the application of the oil for traditional and complementary medicine will positively affect the dynamics of the segment. The smallest segment is forecast to be food and beverage, with a USD 20.19 billion value over the period, as the use of helichrysum oil for food and beverage products is limited.
Helichrysum Oil Market Distribution Channel Insights
The distribution channel segment plays a crucial role in determining the accessibility and availability of Helichrysum Oil to consumers. The Helichrysum Oil Market is segmented into various distribution channels, including online retailers, specialty stores, pharmacies, and direct sales. Online retailers have emerged as a significant distribution channel for Helichrysum Oil, offering convenience, a wide selection, and competitive pricing. The growth of e-commerce platforms has fueled the expansion of online sales, with major players like Amazon and Alibaba capturing a substantial market share.In 2024, the online retail segment is projected to account for approximately 30% of the Helichrysum Oil Market revenue. Specialty stores, including health and wellness stores, natural food stores, and beauty salons, cater to specific consumer needs and provide personalized advice. They often stock a wider range of Helichrysum Oil products, including different grades, concentrations, and formulations. Specialty stores are expected to maintain a steady market share of around 25% in 2024. Pharmacies, a traditional distribution channel for healthcare products, offer the advantage of professional consultation and accessibility.Pharmacies typically stock a limited range of Helichrysum Oil products, but their presence in convenient locations ensures steady demand. The pharmacy segment is estimated to account for approximately 20% of the Helichrysum Oil Market revenue in 2024. Direct sales, involving sales representatives or network marketing, provide personalized customer service and offer opportunities for product demonstrations and trial samples. Direct sales are particularly effective in reaching niche markets and building customer loyalty. The direct sales segment is projected to hold a market share of around 25% in 2024.The distribution channel segment in the Helichrysum Oil Market is expected to witness continued growth in the coming years, driven by increasing consumer demand for natural and organic products. Strategic partnerships between manufacturers and distributors will be crucial in optimizing distribution networks and ensuring product availability across various channels.
Helichrysum Oil Market Extraction Method Insights
The Helichrysum Oil Market is segmented by extraction method into steam distillation, solvent extraction, and cold pressing. Steam distillation is the most widely used extraction method, accounting for over 60% of the Helichrysum Oil Market revenue in 2023. This method involves steaming the helichrysum flowers to release the essential oil. Solvent extraction, on the other hand, uses a solvent such as ethanol or hexane to extract the oil from the flowers. This method is less commonly used but can produce a higher yield of essential oil.Cold pressing is a mechanical extraction method that uses pressure to extract the oil from the flowers. This method is less efficient than steam distillation or solvent extraction but produces a higher-quality oil. The choice of extraction method depends on factors such as the desired yield, quality, and cost.
Helichrysum Oil Market Product Form Insights
The Helichrysum Oil Market is segmented by product form into liquid, powder, and capsules. The liquid form is estimated to hold the largest share of the market in 2023, and is projected to maintain its dominance throughout the forecast period. This is primarily due to its ease of use and versatility. Liquid Helichrysum Oil can be easily diluted in water or other liquids, making it convenient for topical application or ingestion. Moreover, it is commonly used in aromatherapy and massage therapy, further contributing to its popularity.The powder form of Helichrysum Oil is also gaining traction in the market. It is often used in the manufacturing of capsules and tablets, making it a convenient option for oral administration. Additionally, powder form Helichrysum Oil is highly concentrated, offering a potent and effective way to consume the oil. Capsules represent a significant segment of the Helichrysum Oil Market. They provide a convenient and pre-measured dosage of the oil, making them ideal for daily supplementation. Capsules are also easy to transport and store, further contributing to their popularity among consumers.The Helichrysum Oil Market is expected to witness substantial growth in the coming years, driven by increasing demand for natural and organic products. The rising awareness of the therapeutic benefits of Helichrysum Oil is expected to fuel market expansion. Moreover, the growing popularity of aromatherapy and other alternative therapies is likely to contribute to the growth of the Helichrysum Oil Market.
Helichrysum Oil Market Regional Insights
The Helichrysum Oil Market segmentation includes regional analysis such as North America, Europe, APAC, South America, and MEA. North America is expected to hold a significant market share due to rising demand for natural and organic skincare products. Europe is another key region, driven by growing awareness of the benefits of helichrysum oil in cosmetics and pharmaceuticals. The APAC region is anticipated to witness substantial growth due to increasing disposable income and a growing consumer base. South America and MEA are expected to contribute to the overall market growth, driven by rising demand from the cosmetics and personal care industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Helichrysum Oil Market Key Players And Competitive Insights
Major players in Helichrysum Oil Market industry are focusing on expanding their presence and product portfolio. Leading Helichrysum Oil Market players are investing heavily in research and development to improve the quality and efficacy of their products. The Helichrysum Oil Market development is driven by the increasing demand for natural and organic products. Competitive Landscape of Helichrysum Oil Market is characterized by the presence of a few large players and several small and medium-sized enterprises. The leading players in the Helichrysum Oil Market are constantly innovating and launching new products to meet the evolving needs of customers.One of the leading players in the Helichrysum Oil Market is NOW Foods. The company offers a wide range of Helichrysum Oil products, including essential oils, carrier oils, and skincare products. NOW Foods has a strong distribution network and its products are available in over 60 countries. The company is committed to providing high-quality products at affordable prices.A key competitor in the Helichrysum Oil Market is doTERRA. The company offers a range of Helichrysum Oil products, including essential oils, blends, and skincare products. doTERRA has a strong presence and its products are available in over 100 countries. The company is known for its high-quality products and its commitment to sustainable sourcing.
Key Companies in the Helichrysum Oil Market Include
- Starwest Botanicals
- The Aromatherapy Store
- EDENS GARDEN
- Plantlife
- Aura Cacia
- Green Heart Herbals
- Larchwood Enterprises
- Be Good Organics
- PANPURE
- PLANT THERAPY ESSENTIAL OILS
- Mademoiselle Chair
- Sophia Hippie
- AROSHA Naturals
- Mountain Rose Herbs
- RMO
Helichrysum Oil Market Industry Developments
The Helichrysum Oil Market is anticipated to reach a valuation of USD 798.24 billion by 2032, expanding at a CAGR of 7.19% from 2024 to 2032. The market growth is attributed to the rising demand for natural and organic skincare products, increasing awareness about the therapeutic benefits of Helichrysum oil, and growing applications in aromatherapy and traditional medicine. Recent news developments include the launch of new Helichrysum oil-based skincare lines by leading cosmetic brands and research studies highlighting its efficacy in wound healing and anti-inflammatory properties.
Helichrysum Oil Market Segmentation Insights
Helichrysum Oil Market Grade Outlook
- Essential Oil
- Absolute Oil
- CO2 Extract
Helichrysum Oil Market Application Outlook
- Personal Care
- Cosmetics
- Aromatherapy
- Pharmaceuticals
- Food and Beverage
Helichrysum Oil Market Distribution Channel Outlook
- Online Retailers
- Specialty Stores
- Pharmacies
- Direct Sales
Helichrysum Oil Market Extraction Method Outlook
- Steam Distillation
- Solvent Extraction
- Cold Pressing
Helichrysum Oil Market Product Form Outlook
Helichrysum Oil Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
398.54(USD Billion) |
| Market Size 2023 |
427.19(USD Billion) |
| Market Size 2032 |
798.24(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.19% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Starwest Botanicals ,The Aromatherapy Store ,EDENS GARDEN ,Plantlife ,Aura Cacia ,Green Heart Herbals ,Larchwood Enterprises ,Be Good Organics ,PANPURE ,PLANT THERAPY ESSENTIAL OILS ,Mademoiselle Chair ,Sophia Hippie ,AROSHA Naturals ,Mountain Rose Herbs ,RMO |
| Segments Covered |
Grade ,Application ,Distribution Channel ,Extraction Method ,Product Form ,Regional |
| Key Market Opportunities |
Increasing demand for natural ingredients Growing popularity in skincare Expanding aromatherapy industry Rising awareness of its medicinal properties Potential for growth in emerging markets |
| Key Market Dynamics |
Rising demand for natural skincare Increasing use in aromatherapy Growing prevalence of chronic conditions Expansion of  helichrysum cultivation Technological advancements in extraction and processing |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Helichrysum Oil Market is estimated to be valued at approximately 427.19 billion USD in 2023. By 2032, the market is anticipated to reach around 798.24 billion USD, exhibiting a 7.19% CAGR during the forecast period.
The Asia-Pacific region currently holds the largest market share in the Helichrysum Oil Market. This dominance is primarily driven by the increasing demand for natural and organic personal care products in countries such as China, India, and Japan.
Helichrysum Oil finds applications in various industries, including cosmetics, pharmaceuticals, and aromatherapy. In cosmetics, it is used in skincare products for its anti-aging, anti-inflammatory, and wound-healing properties. In pharmaceuticals, it is used for its potential therapeutic effects on skin conditions, pain, and inflammation.
Some of the key players in the Helichrysum Oil Market include Young Living Essential Oils, doTERRA International, Edens Garden, Plant Therapy Essential Oils, and Aura Cacia.
The growing demand for natural and organic personal care products, the increasing awareness of the therapeutic benefits of essential oils, and the rising disposable income in emerging economies are major factors propelling the growth of the Helichrysum Oil Market.
The Helichrysum Oil Market faces challenges such as the limited availability of raw materials, the potential for adulteration and counterfeiting, and the stringent regulatory requirements in certain regions.
Emerging trends in the Helichrysum Oil Market include the growing popularity of organic and sustainable sourcing, the increasing use of Helichrysum Oil in aromatherapy and wellness products, and the development of new extraction and processing technologies.
The COVID-19 pandemic had a moderate impact on the Helichrysum Oil Market. While there was a temporary decline in demand during the initial stages of the pandemic due to disruptions in supply chains and economic slowdown, the market rebounded as consumers sought natural remedies for stress and anxiety.
Growth opportunities in the Helichrysum Oil Market lie in the expansion of applications in the pharmaceutical and wellness industries, the development of innovative products, and the increasing demand for sustainable and ethically sourced essential oils.
The Helichrysum Oil Market is projected to grow at a CAGR of approximately 7.19% from 2023 to 2032, driven by the aforementioned factors and emerging trends.
