Arnica oil is gaining worldwide popularity owing to arnica oil’s anti-inflammatory and analgesic properties. Arnica oil is considered one of the richest sources of good fatty acids and thymol. In the global herbal extract market, the demand of arnica oil is high attributing to its benefits in inflammation and pain relief. Arnica oil has various application in personal care industries for making cream and gels. Arnica oil is extracted from the blossoms of arnica plant which is widely found in Europe and Siberia. In the global arnica oil market, the demand for arnica oil majority accounts from European and North America market. Europe also accounts for the world's largest producer of arnica oil in the global market. Due to its multiple health benefits, arnica oil demand is increasing in the global herbal extract market. It would be anticipated that there would be higher returns for the investors on the arnica oil in the future.
Growing Demands for Arnica Oil in personal care and pharmaceutical industries:-
Increasing awareness regarding benefits of natural products over the conventional products has led to an increase in demand of arnica oil. Using natural and clean label product in daily use is a major concern among the population. Arnica oil is a good alternative for the conventional personal care products available in the market. Arnica oil is beneficial for the acne prone skin and also prevents hair loss. Arnica oil also works as a good pain reliever in bruises, which is gaining the attention of sports person and athletes for its use. The anti-inflammatory and analgesic properties of the arnica oil have to gain the insight for its application in pharmaceutical industries. In the year 2016, a report published in journal plastic and reconstructive surgery shows a result of clinical studies conducted on 108 patients have shown the promising result of arnica oil in regression of Ecchymosis and periorbital edema in patient undergone rhinoplasty. Arnica oil is also used in food industries to frozen dairy products and candies.
Global Arnica Oil: Market Segmentation
On the basis of availability, the global arnica oil market has been segmented as-
On the basis of form, the global arnica oil market has been segmented as-
- Topical gels
On the basis of the distribution channel, the global arnica oil market has been segmented as-
- Specialty stores
On the basis of end use, the global arnica oil market has been segmented as-
Global Arnica Oil: key players
Some of the key players operating in the global arnica oil market are Wheezal, Health and beauty Natural Oils, Prod'Hyg, Grau Aromatics, Greentech, John Aromas, Vege Tech Co., Grau-Aromatics, Carrubba Inc. Inovia International, etc. More industrialists and cosmetic industries are showing their keen interest in producing arnica oil as its demand is increasing.
Opportunities for market participants:-
The opportunity for the participants in the global arnica oil market is optimistic with growing demand in North America and Europe, as there is an increase in consumption of arnica oil in pharmaceutical industries and personal care industries. As there is subsequent growth in the use of herbal and homeopathic medicine, arnica oil is one of the prominent herbal extracts for the treatment of common health-related issues like baldness and acne. As the present population gives more preference to the natural products, it seems to have great opportunity to fulfill the demand of the market.
Global Arnica Oil: A Regional Outlook:-
Europe is the highest producer of Arnica montana, and companies like Vege Tech Co., Grau-Aromatics, Carrubba Inc., are situated where it can be anticipated that the demand of the arnica oil will increase in the forecast period. North America to witness a robust growth rate owing to increase in use of herbal extracts over the forecast period resulting rapid procurement of arnica oil in the region by the key players. In addition, the demand for arnica oil is also increasing among Asia Pacific region owing to rapid urbanization, changing consumer preference towards herbal and homeopathic medicine.
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