The Oregano Oil Market has experienced notable growth in recent years and is projected to maintain its upward trajectory in the coming years. According to IDE experts, the market reached a value of USD 15.4 billion in 2022 and is forecasted to grow at a compound annual growth rate of 4.80% during the forecast period from 2023 to 2028.
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Factors Driving the Growth of the Global Oregano Oil Market
Extensive Application in the Food and Beverage Industry: Oregano oil is widely used in the food and beverage industry due to its antioxidant, antimicrobial, and aromatic properties. It is used as a seasoning in food and dressings, as well as in the production of beverages, including teas, infusions, and spirits. The growing demand for healthy food and beverage products is driving the demand for oregano oil as a natural and functional ingredient.
Increasing Awareness of Health Benefits: Oregano oil has been associated with a range of health benefits, including antibacterial, antifungal, anti-inflammatory, and antioxidant properties. It is used in traditional and complementary medicine to treat various conditions, and its popularity has increased due to the growing awareness of wellness and the demand for natural healthcare products.
Growth of the Natural and Organic Products Industry: The trend towards consuming natural and organic products has propelled the demand for natural ingredients across various sectors, including food, beverages, personal care products, and nutritional supplements. Oregano oil, being a natural product with beneficial health properties, has gained popularity among consumers who are concerned about quality and sustainability.
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Organic: Oregano oil that falls under the organic segment is sourced from organically grown oregano plants. Organic farming practices involve the use of natural fertilizers and pesticides, avoiding the use of synthetic chemicals. Organic oregano oil is highly sought after by consumers who prioritize organic and sustainable products.
Conventional: Conventional oregano oil refers to oil derived from conventionally cultivated oregano plants. Conventional farming practices may involve the use of synthetic fertilizers and pesticides. Conventional oregano oil is widely available and is commonly used in various industries.
Carvacrol 0% to 24%: This segment represents oregano oil with a content of carvacrol, one of the main active compounds found in oregano oil, ranging from 0% to 24%. Carvacrol is known for its antimicrobial and antioxidant properties. Oregano oil with a lower carvacrol content may have different applications and uses compared to higher carvacrol content oils.
Carvacrol 25% to 50%: Oregano oil falling under this segment contains a higher concentration of carvacrol, typically ranging from 25% to 50%. Oregano oil with a higher carvacrol content is often sought after for its potent antimicrobial properties and is commonly used in various industries, including food and beverages, personal care, and healthcare.
Carvacrol 51% to 75%: Oregano oil with a content of carvacrol ranging from 51% to 75% represents oils with a significantly high concentration of carvacrol. These oils are considered to be highly potent and are often used in applications that require strong antimicrobial and antioxidant properties.
Others: The “Others” category includes oregano oil with carvacrol content outside the specified ranges or with additional active compounds that may provide unique properties or applications. This segment may cater to specific industry needs or niche market requirements.
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