Oligopolistic Nature of Bergamot Supply Chain Continues to Pose Supply-Demand Challenges
The bergamot oil market place continues to be dominated by a few exporters as the main growing areas are concentrated in three countries – Italy (Calabria), Ivory Coast, and Brazil. Due to the nature of the product, bulk of bergamot is exported from these three countries to manufacturers all over the globe. The bottlenecks in access to raw material continue to pose challenges for bergamot oil manufacturers where pricing is dictated by a handful of players.
Supplement Industry to Serve as a New Venture for Bergamot Oil Manufacturers
Bergamot oil is being actively explored by the supplement industry recently. Multiple phenolic compounds found in bergamot oil deliver anti-oxidant, anti-inflammatory and cholesterol-lowering properties. The latter property is explored in nutraceuticals for developing cardio-protective supplements. A number of bergamot formulations in the form of supplements are available in the bergamot oil market or are in pipeline of clinical approvals.
Bergamot Oil Stakeholders Continues to Seek Lucrative Avenues in the Fragrance Industry
Use of bergamot oil as a perfume ingredient in the fragrance industry is highly valued since older times. Along with the fragrance, the bergamot oil has disinfectant properties and the combination of these properties are explored in the fragrance industry to manufacture fragrance oils that are used in the production of perfumes, deodorants, aromatherapy oils, air fresheners, cosmetics, skin care products and scented candles.
Approximately 4000 single fragrance ingredients including bergamot oil used in the fragrance industry are monitored through nation-specific regulations. Recent changes in the EU cosmetic legislation and future uncertainty of bergamot oil’s categorization under safe natural fragrance ingredients is expected to present challenges to the bergamot oil market in Europe. If excluded from the cosmetics category, the bergamot oil market in Europe like is likely to witness an upward growth during the assessment period.
Pharma Sector Focusing on Exploring Bergamot Oil’s Applications as an Active Pharmaceutical Ingredient (API)
Bergamot oil have been thoroughly investigated by the scientific community for their health benefits. Some of the active ingredients of the bergamot oil are studied to deliver anti-microbial, sedative and anxiolytic properties that are used for the treatment of upper respiratory tract disorders, depressive disorder and hyperhidrosis among others. The pharmaceutical industry also utilizes bergamot oil to absorb the unpleasant smells of medicinal products in addition to its health benefits. In addition, bergamot oil has been added to various country’s official pharmacopoeias, thereby propelling the growth of the bergamot oil market.
Stringent Regulations - A Challenge/Opportunity for Bergamot Oil Market Players
Use of essential oil in therapeutics is strictly monitored by NAHA and New Direction of Aromatics does not recommend ingestion of essential oil as therapeutic. Further, although bergamot oil is enlisted in the EU legislation of cosmetics, strict monitoring and frequent update of the safe natural fragrant ingredient list continue to pose challenges of compliance to manufacturers. On the other hand, compliance with regulatory standards can increase product transparency and help manufacturers to improve their brand image in the bergamot oil market.
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A dashboard view of the key stakeholders in the bergamot oil market is provided in the competitive landscape section. An exhaustive information regarding bergamot oil key producers, SMEs and suppliers is provided in the company profiles section. key companies profiled in the bergamot oil market report include Fischer S/A - Com. Ind. e Agricultura (Citrosuco Paulista SA), Citromax Flavors, Inc. (Citromax S.A.C.I.), Citrus and Allied Essences Ltd., Bontoux S.A.S., Lionel Hitchen Essential Oils Ltd., Citrus Oleo, Symrise AG, Young Living Essential Oils LC, Mountain Rose Herbs, Inc., and do Terra International.
Following the increased demand for essential oils, key players in the bergamot oil market are engaged in business strategies such as expansion and novel product introduction. For instance, Symrise, a leading global supplier of bergamot oil has acquired Citratus Fragrâncias Indûstria e Comércio Ltda to strengthen their market position in the lucrative Brazil market.
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Bergamot oil is extracted from bergamot (citrus bergamia) fruit after cold-pressing the rind of the ripe fruit. Bergamot oil contains important volatile chemical compounds such as limolene, linalool and others that provide beneficial health properties.
About the Report
Fact.MR’s report on the bergamot oil market delivers the thorough analysis of the global market landscape. Focusing on the key trends prevailing in the market, the bergamot oil market report delivers an in-depth analysis of market drivers, restraints, and future opportunities. An exhaustive market analysis as such provides the most credible go-to forecast of the bergamot oil market during the forecast period 2017 – 2022.
Additional Questions Answered
Along with the aforementioned insights, the bergamot oil market report analyzes other vital market avenues as discussed below-
- What are the key strategies of manufacturers in the bergamot oil market to maintain sustainability?
- Which will be the rapidly expanding region in the bergamot oil market during forecast, considering the divergent production trends across global regions?
- Based on the supply-demand scenario, which distribution channel is projected to lead the sales of bergamot oil in the bergamot oil market?
Fact.MR has compiled a study on the bergamot oil market and published a report titled “Bergamot Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”. The thorough market analysis is based on the in-depth assessment of the key market trends, drivers, restraints and future growth opportunity in the bergamot oil market. An exhaustive assessment of the historical data and current dynamics of the bergamot oil market has formed the basis of the forecast derived in the report. Based on such an in-depth analysis, the bergamot oil market is foreseen to grow at a moderate pace during the forecast period. The report is divided into a total of 18 chapters to elaborately discuss all vital facets of the bergamot oil market to deliver a seamless and in-detail understanding of the bergamot market.
Chapter 1 – Executive Summary
The bergamot oil market report commences with the executive summary chapter that delivers quick yet affluent market insights of the bergamot oil market during the forecast period.
Chapter 2 – Market Overview
The chapter of market overview includes market taxonomy, market definition, market dynamics, in detain information on the supply chain, cost structure, pricing analysis, raw material sourcing strategy and key stakeholders in the bergamot oil market.
Chapter 3 - Global Bergamot Oil Market Analysis and Forecast By Source Type
This chapter includes information on the bergamot oil market segmentation categorized based on bergamot source type. Market size and forecast values of natural and organic bergamot oil are provided in the chapter.
Chapter 4 - Global Bergamot Oil Market Analysis and Forecast By Form Type
This chapter of the report discusses bergamot oil market segmentation categorized based on form type. Market size and forecast value assessment for every bergamot oil forms are provided in the chapter.
Chapter 5 - Global Bergamot Oil Market Analysis and Forecast By Application
Bergamot oil market segmentation based on applications is discussed in this chapter of the bergamot oil market report. Market performance of the multiple bergamot oil applications is discussed in this chapter.
Chapter 6 - Global Bergamot Oil Market Analysis and Forecast By Distribution Channel
The chapter discusses the prevalence and relative preference for major distribution channels present in the bergamot oil market and provides vital insights on the market position of each distribution channel.
Chapter 7 - Global Bergamot Oil Market Analysis and Forecast By Region
With the geographical point of view, the bergamot oil market is analyzed for six regions including North America, Latin America, Europe, Japan, APEJ and MEA.
Chapter 8 - North America Bergamot Oil Market Analysis and Forecast, By Country, 2012-2022
In this chapter, the market analysis for the North America region has been discussed where the country-wise market study of the U.S. and Canada forms the basis of the regional market forecast of the North America bergamot oil market.
Chapter 9 - Latin America Bergamot Oil Market Analysis and Forecast, By Country, 2012-2022
Latin America bergamot oil market analysis is elaborated in this chapter. Country-wise analysis of the market is carried out for Brazil, Mexico and Argentina.
Chapter 10 - Europe Bergamot Oil Market Analysis and Forecast, By Country, 2012-2022
The bergamot oil market performance in the Europe region is discussed in this chapter where the country-wise market performance of Germany, the UK, France, Spain, Italy and Nordic is included.
Chapter 11 - Japan Bergamot Oil Market Analysis and Forecast, By Country, 2012-2022
The Japan bergamot oil market performance backed by historical data and prominent market trends prevailing in the country has been elaborated in the chapter to assess the performance of the Japan bergamot oil market.
Chapter 12 - APEJ Bergamot Oil Market Analysis and Forecast, By Country, 2012-2022
The bergamot oil market analysis for countries including China, India, Malaysia, Thailand, Singapore and Australia has been elaborated in this chapter to deliver the bergamot oil market outlook for the APEJ region.
Chapter 13 - MEA Bergamot Oil Market Analysis and Forecast, By Country, 2012-2022
This chapter elaborates on the market analysis in the Middle East and Africa region. The country-wise analysis of GCC countries, South Africa, Nigeria and Israel has been carried out to derive market forecast values of the MEA bergamot oil market.
Chapter 14 - Global Bergamot Oil Market Company/Manufactures/Distributors/Suppliers Profile and Revenue Projections
This chapter delivers a comprehensive list of key market players in the bergamot oil market. The key companies have been categorized among manufacturers, distributors and suppliers to fathom the complete scenario of key companies and their relative market positions.
Chapter 15 - Research Methodology
The chapter elaborates on the methodology of research followed during the course of the study of the bergamot oil market.
Chapter 16 - Secondary and Primary Sources
In the research methodology, the research sources to carry out primary and secondary research analysis have been elaborately discussed in this chapter.
Chapter 17 - Assumptions and Acronyms
This chapter provides a complete list of acronyms used in the bergamot oil market report. The chapter also includes assumptions made during the course of the study of the bergamot oil market.
Chapter 18 – Disclaimer
The report concludes with the disclaimer statement that clarifies the associated legal responsibilities regarding any statements or facts included in the bergamot oil market report.
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