Oregano Oil Market: Global Industry Analysis and Forecast (2023-2029)

Oregano Oil Market was valued at USD 11.32 Billion in 2022, and it is expected to reach USD 17.6 Billion by 2029, exhibiting a CAGR of 6.5% during the forecast period (2023-2029).

The Global Oregano Oil Market is segmented by type, source, end-users, content and distribution channel. Based on type, the market is segmented into capsules and oregano liquids. Based on source, the market is segmented into organic, and conventional. Based on end-users, the market is segmented into food industry, cosmetic industry, household, and pharmaceuticals industry. Based on content, the market is segmented into carvacrol 0% to 24%, carvacrol 25% to 50%, carvacrol 51% to 75%, others. Based on distribution channel, the market is segmented into retail store, wholesalers, distributors, online retail, and other retail formats. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

The need for natural preservatives by the food and beverage sector has increased over the last few years, which has given the global oregano oil market a significant boost. The leaves of the oregano plant are used to make oregano oil, which has therapeutic properties and several health advantages. Cavacrol, which is responsible for oregano's biological actions and its use in several treatments, is a component of oregano oil's chemical makeup.

To expand the usefulness of oregano oil across the board, the leading important players and producers are investing more and more in research and development operations. With changing customer tastes, a range of culinary goods and R&D efforts are assisting businesses in introducing fresh mixes. People are being encouraged to embrace and use oregano oil regularly, especially for culinary preparations, as knowledge of the oil's health advantages grows. The global oregano essential oil market is seeing increased income thanks to the growing popularity of oregano essential oil, which is also boosting consumption in North America and Europe.To know about the Research Methodology :- Request Free Sample Report
Oregano Oil Market Dynamics
The need for natural preservatives is increasing, which is promoting oregano oil's growth. Products with natural preservatives are increasingly in demand in the food and beverage sector. The aromatherapy and essential oil industry is expected to see the highest growth rate due to rising knowledge of the therapeutic benefits of essential oils. Since oregano essential oil is the most effective antimicrobial oil in aromatherapy, the demand for essential oils is rising in the global pharmaceutical and healthcare sectors. The amount of phenol, the substance that gives oregano leaves their antibacterial properties, is greatest among all aromatic herbs. The biggest demand for oregano oil has been seen in the pharmaceutical business in recent years, and demand is expected to increase over the forecast period.

The market for oregano oil-based cosmetics is also being driven by increased customer desire for natural cosmetics due to its numerous health advantages. The main driver of oregano oil market expansion in the cosmetic sector is the scientifically demonstrated effectiveness of oregano oil against a variety of parasites, germs, and viruses.
Natural preservatives like essential oils have recently been used by businesses in the food and beverage sector to preserve processed foods. This is a result of customers' growing desire for natural products. The growing need for natural preservatives in the food and beverage sector is fueling the market growth for oregano oil. Oregano oil's market is expected to rise over the course of the forecast period as a result of the growing awareness of the therapeutic benefits of essential oils.

The two primary ingredients in oregano essential oil, carvacrol and thymol, are in charge of giving the oil its distinctive smell as well as its antibacterial and antioxidant qualities. Because it has antibacterial properties, oregano essential oil is a valuable preservative in the food business. Additionally, it is expected that the growing demand for oregano oil in the pharmaceutical and healthcare industries due to its antiseptic characteristics would fuel market expansion.

The most significant antimicrobial oil used in aromatherapy is oregano oil. It contains the largest percentage of phenol of any aromatic plant, which has the strongest antibacterial effect. In the recent few years, the demand for oregano essential oil in the pharmaceuticals business has increased significantly across several areas, and this demand wave is expected to remain all through the forecast period.

Due to the global closure of industrial facilities in the early time following the COVID-19 outbreak in 2020, the market growth for oregano oil shrank. However, as the limits are being loosened, it is expected that the industry would restore its vibrancy in the next years. Furthermore, a rise in online sales of health-beneficial goods during lockdowns has had little effect on oregano oil retail sales.

High price points can prevent oregano essential oil from spreading globally. Due to an imbalance in supply and demand on the international market, oregano essential oil prices are quite variable. Manufacturers struggle to maintain their profit margins while also optimising the final product pricing as a result of this price fluctuation. Furthermore, some perfume producers are compelled to lower the costs of their formulations and turn to less costly components like low-cost natural oils or synthetic oils, which operate as replacements for pricey essential oils, because essential oils like oregano are fairly expensive. The continuous expansion of the oregano essential oil business, in particular, is being hampered by price restrictions.
Oregano Oil Market Segment Analysis
By source, the organic segment held the largest market share accounting for more than 60% in 2022, and it is expected to grow at a significant CAGR through the forecast period. Benefits of Oregano Essential Oil such as fighting bacteria, treating fungal infections, providing antioxidants, healing wounds, and others are likely to bolster the market demand. The consciousness regarding the benefits of natural and organic oil over allopathic medicines is also expected to encourage the demand for oregano oil over the forecast period.By End-use, the Pharmaceuticals Industry segment is expected to grow at significant rate at a CAGR of 7.1% through the forecast period. The segment’s growth is attributed to the growing awareness of the therapeutic benefits of essential oils. In addition, the growing demand for oregano oil in the pharmaceutical and healthcare industries due to its antiseptic characteristics are expected to fuel the market growth. Due to the global closure of industrial facilities in the early period following the COVID-19 outbreak in 2020, the market growth for oregano oil segment shrank. However, as the limits are being loosened, the industry has restored its vibrancy in the next years.
Oregano Oil Market Regional Insights
The oregano essential oil market is heavily concentrated in the areas of Europe and North America primarily due to the usage of this spice in the speciality cuisines that both Americans and Europeans appreciate. People are being encouraged to use oregano essential oil into their regular culinary preparations as they become more aware of its health advantages.

This aspect is driving up consumption rates in North America and Europe and is the main driver of revenue growth for the oregano essential oil global market. In order to increase the usefulness of oregano essential oil across a variety of food items, manufacturers are pouring enormous amounts of money into research and development efforts. In addition, they are releasing innovative blends on the global market to meet changing customer tastes. Further, the Asia Pacific region is predicted to grow over the forecast period rapidly. Emerging nations within the Asia Pacific region, like India, Indonesia, and China, are witnessing strong economic growth and rising disposable income, which is furthering the market growth of oregano oil.

The markets of South America and the Middle East & Africa will only see a limited amount of oregano essential oil adoption. MEA and South America are expected to consume the least amount of oregano essential oil among all the geographical markets during the forecast period. In terms of consumption and income, Europe and North America will continue to have a disproportionate share of the world market for oregano essential oil. In both the F&B and cosmetics sectors in these two locations, oregano essential oil already has a sizable customer base, which will expand its use and consequently its market share. The demand for oregano essential oil is expected to be moderate to low in the Asia Pacific end-use industries in the future years.

The objective of the report is to present a comprehensive analysis of the global Oregano Oil 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 Oregano Oil Market dynamic, structure by analyzing the market segments and projecting the Oregano Oil Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Oregano Oil Market make the report investor’s guide.
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Oregano Oil Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.32 Bn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 17.6 Bn.


 Segments Covered:
by Type
Capsules
Oregano Liquids


by Source
Organic
Conventional


by Content
Carvacrol 0% to 24%
Carvacrol 25% to 50%
Carvacrol 51% to 75%
Others


by End-Users
Food Industry
Cosmetic Industry
Household
Pharmaceuticals Industry


by Distribution Channel
Retail Store
Wholesalers
Distributors
Online Retail
Other Retail Stores



Oregano 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 of Oregano Oil Market are:
1. Mountain Rose Herbs Essential Oils
2. Prime Natural Essential Oils
3. Plant Therapy Essential Oils
4. Aura Cacia Essential Oils
5. Plant Guru Essential Oils
6. Kis Oils
7. Rocky Mountain Oils
8. Healing Solutions Essential Oils
9. Fabulous Frennie Essential Oils
10.AOS Products
11.CG Herbals
12.Baltik Junior Doo Beograd
13.doTERRA International LLC
14.Natural Factors, Inc.
15.Nature's Way Products, LLC.
16.NHR Organic Oils
17.North American Herb and Spice
18.Now Health Group, Inc.
19.Plant Therapy Essential Oils
20.Young Living Essential Oils

Frequently Asked Questions:

1] What segments are covered in the Global Oregano Oil Market report?
Ans. The segments covered in the Oregano Oil Market report are based on Type, Source, End-Users, Content and Distribution Channel.

2] Which region is expected to hold the highest share in the Global Oregano Oil Market?
Ans. The Europe region is expected to hold the highest share in the Oregano Oil Market.

3] What is the market size of the Global Oregano Oil Market by 2029?
Ans. The market size of the Oregano Oil Market by 2029 is expected to reach USD 17.6 Bn.

4] What is the forecast period for the Global Oregano Oil Market?
Ans. The forecast period for the Oregano Oil Market is 2023-2029.

5] What was the market size of the Global Oregano Oil Market in 2022?
Ans. The market size of the Oregano Oil Market in 2022 was valued at USD 11.32 Bn.