Melissa Essential Oil Market: Industry Analysis and Forecast (2023-2029)

Global Melissa Essential Oil Market reached a value of US$ 306.49 Mn. in 2022. The global market is expected to grow at a CAGR of 4.9% during the forecast period. The market is expected to reach a value of US$ 428.40 Mn. by 2029.
Melissa Essential Oil Market Overview:
Melissa oil is also known as Lemon balm oil, belongs to the Labiatae family and is obtained by steam distillation of leaves and flowers. Lemon balm essential oils can be diffused at home or applied topically and taken into the body. Melissa essential oil comes from the mint family and is steam distilled from the leaves and flowers of the plant. It is one of the pricier oils and has a gentle lemony aroma and some pretty amazing properties.

Rubbing the serrated oval leaves gives a pleasant, refreshing citrus scent. This feature gives it common names such as lemon balm and sweet balm. From green essential oils obtained from plants, it has a fresh herbal scent with typical lemon citronella notes. The tops of Melissa's plants are harvested from the second year after planting and before flowering.To know about the Research Methodology :- Request Free Sample Report
Melissa Essential Oil Market Dynamics:
Increasing demand for personal care products and cosmetics products is driving the growth of the market:

Melissa oil has anti-inflammatory properties. Therefore, it can treat inflammation and relieve pain. Alternatively, it can be used internally or applied to the skin. It can reduce swelling and relieve pain due to its anti-inflammatory activity. However, Aromatherapists primarily use this oil as a stress reliever and inducer, which is said to be popular with urbanites.

In addition to treating herpes, this oil can help to promote overall skin health. Its antibacterial properties can be very powerful in preventing and treating acne, blackheads, and other minor skin conditions. For sensitive skin, it is used in a minimal amount which is fuelling the growth of the market.

High costs of the oil producers are hampering the growth of the market:

Melissa Essential oil is very expensive because it involves a stressful manufacturing process and hard manual work. In addition, the top of this plant cannot survive the winter but the roots are strong, making it a rare essential oil compared to other plants. It takes 7 tons to produce 1 kg of oil. The tree has the characteristics of lemon aroma and taste. This product has a high price of oil which is justified by the difficult production, the manual labour involved and its unique benefits and uses. It may be needed about 3.5 to 7.5 tons of its leaves to produce 1 pound of essential oil.

Increased demand for household items and toiletries represents an important business opportunity:

The superfluous benefit of using this oil as a nutritional ingredient is expected to increase the sales of the product market during the forecast period. It is mainly used by Aromatherapists as a stress reliever and sleep aid, which is expected to gain popularity among urbanites due to its beneficial uses. The increased acceptance and use of herbal extracts in many developing and underdeveloped countries like the U.S.A, China, and Japan which are considered a safe product for general use, is a major factor to give lucrative growth for the market participants.

The various side effects associated with the use of this oil create a major challenge for the market:

Using too much of this oil will cause a headache which is not good for the human body. Side effects are usually mild and may include increased appetite, nausea, dizziness, and wheezing. There isn't enough reliable information to know if perilla can be used safely for more than 6 months. When pragmatic to the skin, the Lemon balm is perhaps safe for most adults. This may cause skin irritation which creates a major challenge for the market.
Melissa Essential Oil Market Segment Analysis:
By Application, the market is segmented into Personal Care & Cosmetics, Toiletries & Household Products, Nutraceuticals and Others. The Personal Care & Cosmetics segment is expected to hold 38.78 % of the overall market share in terms of revenue by 2029. Melissa essential oils are rarely used as topical remedies which are probably because they are very expensive and can irritate sensitive skin. It is most commonly used as an aromatic oil to calm emotions and lift the mind. Warts, Eczema, Hand foot mouth disease and herpes are major reasons to be used for this oil in the Personal care section.

However, the Toiletries & Household Products segment is expected to grow at a CAGR of 5.4% during the forecast period. It can be used to clean the surface around the house, especially in the kitchen. Add a few drops to the water in the spray bottle to make a spray that is easy to clean. Lemon balm has a soothing effect on the skin. In addition to moisturizer, apply daily to revitalise the skin in most of the household products are essentially used.

By Nature, the Melissa Essential Oil Market is segmented into Organic and Conventional. The Organic segment is expected to hold 67.4 % of the overall market share in terms of revenue by 2029. The organic segment has a fresh, lemon-like, slightly sour but sweet green herb scent with a subtle scent of mint and honey. Melissa officinal is a perennial, also known as Melissa or lemon balm. This fast-growing plant of the mint family (Lamiaceae) has small white flowers full of nectar, which is especially attractive to bees. Therefore, its name is Melissa. It is a merit end that means "honey bee" in Greek. Because this plant is a heart joy in many countries in Central and Southern Europe, injections made from dried herbs are said to address heart problems.

However, the conventional segment is expected to grow at a CAGR of 3.8% during the forecast period. The conventional segment is a traditional herbal medicine that is used widely as a mild sedative, spasmolytic and antibacterial agent and officinal is an essential oil obtained under controlled harvesting and drying conditions.
Regional Insights:
The North American region is expected to dominate the market during the forecast period with a 54.7% market share. Due to the development of the aromatherapy market and the growing demand for cosmetics and personal care products using natural ingredients this region is growing rapidly. The rise of unique essential oil-related products in the past aims to add lemon balm essential oils to products by key market players in the essential oil market. As many dietary supplements and cosmetics contain essential oils, manufacturers are expected to be encouraged to include lemon balm essential oils as a major anti-stress ingredient in their final products.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Melissa Essential Oil Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 306.49 Mn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 428.40 Mn.


 Segments Covered:
by Application
Personal Care & Cosmetics
Toiletries & Household Products
Nutraceuticals
Others


by Nature
Organic
Conventional


by Type
100% Melissa Essential Oil
<100% Melissa Essential Oil



Melissa Essential Oil Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Ultra International B.V.
2. Amphora Aromatics
3. Galen-N
4. JANVI HERBS
5. BO INTERNATIONAL
6. Alta Oils
7. Rakesh Sandal Industries
8. Kshrey
9. Miracle Botanicals
10.Taos Herb Company
11.Thracian Oils
12.Meena Perfumery
13.Visa genics
14.Essential Natural Oils
15.ET-Chem
16.India Essential Oils

Frequently Asked Questions:

1. Which region has the largest share in Global Melissa Essential Oil Market?
Ans: North American region held the highest share in 2022.

2. What is the growth rate of Global Melissa Essential Oil Market?
Ans: The Global Melissa Essential Oil Market is growing at a CAGR of 4.9% during forecasting period 2023-2029.

3. What is scope of the Global Melissa Essential Oil Market report?
Ans: Global Melissa Essential Oil Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Melissa Essential Oil Market?
Ans: The important key players in the Global Melissa Essential Oil Market are – Ultra International B.V., Amphora Aromatics, Galen-N, JANVI HERBS, BO INTERNATIONAL, Alta Oils, Rakesh Sandal Industries, Kshrey, Miracle Botanicals, Taos Herb Company, Thracian Oils, Meena Perfumery, Visa genics, Essential Natural Oils, ET-Chem, and India Essential Oils

5. What is the study period of this Market?
Ans: The Global Melissa Essential Oil Market is studied from 2022 to 2029.