Global Thyme Oil Market Report and Forecast 2024-2032

Global Thyme Oil Market Outlook

The global thyme oil market reached a volume of about 239.83 thousand metric tons in 2023. The market is further expected to grow at a CAGR of 7.8% in the forecast period of 2024-2032.

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Several Health Benefits of Thyme Oil to Aid the Industry Growth, Supported by the Thriving Cosmetics Sector

Thyme oil is enriched with powerful antioxidants and healthful nutrients, and it offers immense health benefits, such as improving heart and respiratory health, promoting digestion, enhancing skin health, and uplifting immunity. Several studies show that thyme essential oil can significantly reduce or eliminate foodborne bacteria, soothe inflammation, and support heart health, among other benefits. Further, the oil is commonly used for aromatic and therapeutic purposes as it contains carvacrol as its active substance, which is known to affect neuron activity in a positive manner, imparting the feeling of well-being. Thyme essential oil is rich in vitamin C and antioxidants and, thus, finds extensive applications in the cosmetic sector. The skincare products containing thyme oil serves as a natural remedy for various skin problems, including acne, rashes, and others, and they also treat various signs of aging, promoting a rejuvenated skin. The aforementioned factors are significantly driving the demand for thyme oil in various application sectors, particularly cosmetics, thus, aiding the industry growth. Region-wise, the growing demand for cosmetics in the Asia Pacific is expected to favour the growth of the industry over the forecast period.

Thyme Oil: Market Segmentation

Thyme oil is the essential oil obtained from the leaves and flowers of the thyme plant, Thymus vulgaris. It contains several compounds, such as carvacrol, thymol, and linalool, among others, that offer immense health benefits. This oil is widely used across various industries for its antibiotic, anti-inflammatory, and antibacterial properties. It is commonly utilised as a preservative in foods, cosmetics, toiletries, and it can also be found as an ingredient in mouthwash.

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Based on nature, the market is divided into:

• Organic
• Conventional

The different types of thyme oil available in the market include:

• Red Thyme Oil
• White Thyme Oil
• Others

On the basis of application, the industry is categorised into:

• Pharmaceuticals
• Cosmetics
• Food Products
• Fragrance
• Others

The various distribution channels of the product include:

• Direct
• Indirect

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Natural Products and the Rising Health Awareness to Bolster the Growth of the Thyme Oil Industry

The growing demand for products with natural ingredients is favouring the growth of the thyme oil industry globally. Further, the rising awareness regarding the various health benefits of thyme oil is significantly contributing to the industry growth. The growth of the end use sectors like cosmetics, foods, and pharmaceuticals is driving the demand for thyme oil. Other factors boosting the industry growth include the rising standards of living, growing per capita expenditure on cosmetics, and the rising influence of social media on consumers’ purchasing behaviour. Over the forecast period, the growing trend of aromatherapy is expected to further propel the industry forward.

Key Industry Players in the Global Thyme Oil Market

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

• Young Living Essential Oils
• Ultra International B.V.
• NOW Health Group, Inc
• Berjé Inc.
• Edens Garden
• 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.

Key Highlights of the Report