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Global Arnica Oil Market Likely to Touch US$ 80.0 Mn by 2026 End

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 Published Date : 20 Jan 20   |   Views: 21   |  Industry : Chemical & Material

Global Arnica Oil Market Likely to Touch US$ 80.0 Mn by 2026 End

QYR Consulting in its new report titled, “Arnica Oil Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025,” offers growth drivers and major trends along with thorough study of the overall market research. The report also offers an extensive study on Arnica Oil market with accurate CAGR Forecasts. As per the report, the global Arnica Oil market is likely to touch US$ 80.0 Mn by 2026 which was valued worth US$ 54.0 Mn in 2019. The global Arnica Oil market is projected to register a moderate CAGR of 5.7% over the projected period i.e. from 2019 to 2026.

Segmental Analysis

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.

Global Arnica Oil Market Likely to Touch US$ 80.0 Mn by 2026 End

Asia Pacific

Global Arnica Oil Market Likely to Touch US$ 80.0 Mn by 2026 End

Regional Analysis


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.

Key Players


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.

 


Global Arnica Oil Market Likely to Touch US$ 80.0 Mn by 2026 End

Global CAGR During 2020-2026


5.7%

Market Dynamics


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.


For further information, check :https://www.qyrconsulting.com/reports/arnica-oil-market


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