Published Date : 20 Jan 20 | Views: 136 | Industry : Chemical & Material
Increasing
Use of Oil as a Pain Relief to Boost Growth of the Oil Segment
The
market is divided into three major segments type, form, and channel. The form
segment of the market is divided into Pellets, Oil, cream, and Topical gels.
Increasing applications of Arnica oil in the treatment of pain caused due to
surgery, osteoarthritis, and other conditions are likely to boost the growth of
the oil segment.
Based
on the type segment the market is segmented into infused and pure segments while
the Channel segment of the market is segregated into the indirect and direct
segment.
Growing
Production of Arnica Oil in Europe is Propelling the Growth of the Market in
the Region
Arnica
Montana is produced in Europe with Romania being a major producer and exporter
of Arnica oil. The presence of leading companies in the region is driving the
growth of the market. High demand in Pharmaceutical and personal care
industries are predicted to propel the growth of the market. The growing
preference of consumers for herbal and natural products in the Asia-Pacific is
likely to present a lucrative growth opportunity in the region.
Wheezal
– A Major Market Player Launches New Product
Some
of the major players operating in the market are Wheezal, Vege Tech Co., Health
and beauty Natural Oils, Prod’Hyg, Carrubba Inc., Inovia International, and
John Aromas.
Organic
Products Gaining Popularity is likely to Boost the Growth of Global Arnica Oil
Market
Demand for organic and natural products along with homeopathic usage of Arnica in the form of tablets or pellets for pain relief is gaining popularity among consumers. Largescale applications of Arnica in herbal OTC medicine in the form of a gel, cream, and ointment is leading to the growth of the market. Pharmaceutical and cosmetic industries are creating lucrative opportunities for the growth of the market. Arnica oil is also used for the purpose of flavoring in candy, baked food, gelatin, pudding, and frozen dairy dessert. This is likely to generate new avenues in the food industry, thereby driving the growth of the market.