Global Cassia Essential Oil Market Report and Forecast 2024-2032

Global Cassia Essential Oil Market Size

The global cassia essential oil market value is expected to grow at a CAGR of 8.1% in the forecast period of 2024-2032.

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Cassia Essential Oil Market Growth

Rising Demand for Essential Oils Bolstering the Market Growth of Cassia Essential Oil

The rising demand for essential oils is the primary factor driving the growth of the cassia essential oil market. Rising health consciousness among consumers as well as the rising demand from the beauty and skincare industry is also propelling the growth of the market. Consumers use essential oils because of their natural quality and medicinal benefits to the skin. The rising cases of diarrheal diseases have globally affected the market over the last few years.

Cassia Essential Oil Market Trends

The rising cases of depression is also crucial in pushing the demand for cassia essential oil as customers of today's generation are struggling to adapt to hectic lifestyles as well as struggle to overcome occupational pressure. Cassia essential oil has many health benefits, such as treatment of diarrhoea, blood circulation improvement, and as an effective antidepressant. These vital health benefits of cassia essential oil are, thus, further boosting the demand of cassia essential oil market.

Recent Developments

As per the cassia essential oil market dynamics and trends, cassia essential oil has been recognised of late for its anti-inflammatory properties which makes it valuable in the treatment of arthritis as well as other musculoskeletal disorders.

Industry Outlook

The expansion of the cosmetic sector on a global scale is catering to a significant demand for cassia essential oil. In 2018, the cosmetic market size was recorded at USD 87.58 billion and slightly increased to USD 89.88 billion in 2019. As per the cassia essential oil industry analysis, a noticeable decline occurred in 2020 when the market shrank to USD 72.37 billion, likely due to the economic impacts of the COVID-19 pandemic. The subsequent recovery in 2021 brought the market up to USD 80.74 billion, followed by a more robust increase to USD 93.05 billion in 2022. This recovery trend continued into 2023, with the market size reaching USD 103.80 billion. The forecast for the coming years suggests a steady growth, with the market expected to grow to USD 108.40 billion in 2024, USD 113.20 billion in 2025, further to USD 118.50 billion in 2026, and USD 125.40 billion in 2027, culminating at USD 128.90 billion by 2028. This data reflects a strong rebound and sustained growth momentum in the cosmetics industry, driven by recovering consumer demand and ongoing market expansions.

According to OEC, in 2022, India stood as the leading exporter of essential oil, contributing 15.4% to the total export value, making it a dominant player in the market, which contributes to the growth of the cassia essential oil industry. The United States also holds a significant share at 12.1%, with its neighboring countries Mexico and Canada contributing 3.5% and 1.26% respectively. Brazil and France hold shares of 7.43% and 7.42% respectively. China and Germany have notable shares as well, at 7.12% and 4.39% respectively.

In 2017, import volumes of essential oils to Europe stood at 895.436 thousand tonnes. In 2018, there was an increase in imports, peaking at 971.560 thousand tonnes, which boosted the cassia essential oil industry revenue. The volume slightly reduced to 923.286 thousand tonnes in 2019. In 2020, imports remained close to previous years, with 974.102 thousand tonnes, indicating resilience in the market despite global disruptions. Furthermore, in 2021, there was a decrease compared to 2020, with imports recorded at 962.798 thousand tonnes.

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Cassia Essential Oil Industry Segmentations

Cassia essential oil is extracted from the cassia plant bark, leaves and twigs using steam distillation. Cassia is popularly referred to as Chinese cinnamon, and its scientific name is Cinnamomum Cassia. Cassia is a Chinese and Burman-native evergreen tree. Cassia benzaldehyde, chavicol, cinnamic aldehyde, cinnamyl acetate, and linalool are the most common parts in the essential oil. The essential oil is widely used in the healthcare industry where it is renowned for enhancing circulation, arthritis therapy, and depression.

Based on nature, the industry can be divided into the following:

• Organic

• Conventional

The area of plant can be divided as follows:

• Leaves

• Bark

• Twigs

• Others

The distribution channels in the cassia essential oil market can be divided into on trade and off trade. The product finds wide applications in the following:

• Food and Beverages

• Pharmaceuticals

• Cosmetics and Personal Care

• Others

The regional markets for cassia essential oil can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global cassia essential oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Augustus Oils Ltd.

• NOW Health Group, Inc.

• doTERRA International, LLC

• Young Living Essential Oils

• Inovia International

• AG Industries

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

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Cassia Essential Oil Market Regional Analysis

The Asia Pacific to be a Major Regional Market for the Cassia Essential Oil Industry

The global cassia essential oil demand is being driven by the rising production of cassia in the Asia Pacific region. Cassia is widely cultivated in the Asia Pacific region, especially in countries like India, Indonesia, Thailand, Vietnam, Taiwan, and Malaysia. This has significantly aided the growth of the cassia essential oil industry in the region. The growing demand for natural cures in the region is also propelling the market growth.

Key Highlights of the Report

Cassia Essential Oil Market Report Snapshots

Cassia Essential Oil Market Size

Cassia Essential Oil Market Growth

Cassia Essential Oil Market Trends

Cassia Essential Oil Companies

Cassia Essential Oil Market Regional Analysis