Europe is Expected to Dominate the Nutmeg Oil Market with Lucrative CAGR during the Forecast Period 2022 to 2032

Published January 27, 2023
The market for nutmeg oil is anticipated to reach US$ 713.7 million in 2032, growing at a 6.5% CAGR. In 2022, the market is anticipated to be worth US$ 378.8 million. The demand for nutmeg oil is rising as more companies recognise the nutritional and therapeutic benefits of these oils. Consumption of nutmeg oil will increase because it has been shown to be effective in treating skin conditions like acne. The market showed a growth rate of 5.7% between 2016 and 2021.
The global sales of nutmeg oil are expected to witness progressive growth over the forecast period. There is persistent rising demand for nutmeg oil in cosmetics and pharmaceuticals industry globally which is likely to boost the nutmeg oil market in the assessment period.
Demand for Nutmeg OilsNutmeg oil is widely used in aromatherapy, traditional medicine, and the perfume industry. Nutmeg contains rich in antioxidants due to the presence of phenolic compounds.
These antioxidants can protect your cells from damage caused by the free radicals. Nutmeg oil can reduce inflammation compounds in your body due to the presence of myristicin compounds, terpene hydrocarbons, phenylpropane. Due to the properties of the plethora of therapeutic nutmeg is used in traditional medicine. It also aids in the regulation of menstrual cycles, female hormones, lung issues, and the common cold. Nutmeg oil improves sexual performances in both women and men. Nutmeg oil is used to prevent dark spots, skin woes, uneven skin tone. The health benefits are the key driving factors for the driving demand for nutmeg oil.

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The US and Canada Nutmeg Oil Market

The US is one of the key markets for nutmeg oil worldwide. The US nutmeg oil market is to notice a prominent growth rate during the assessment period 2021-2031.

In the United States, nutmeg oil is used as a fragrance in soaps and cosmetics. In the US, a nutmeg oil is used as a psychoactive drug.

This chemical substance alters the nervous system, leading to consciousness. This substance may be used medically to improve alters one’s consciousness.

It is also used on criminals to get the right data by the narcotics control bureau of the United States.

it is used as a natural food flavoring in beverages, sweets, and baked foods is the key factor for the growth of nutmeg oil in the Canada region.

In Canada, nutmeg oil is used in active packaging technology to satisfy the long life of processed food by adopting antioxidant components of the packaging material.

Europe Demand Outlook for Nutmeg Oil Market

Because nutmeg oil contains antibacterial, fungicidal, and insecticidal properties, it is commonly used to preserve food in Europe.

Nutmeg oil is incorporated into the European lifestyle by adding in wine and used as a fragrance. Nutmeg oil is used as an ingredient in cough syrup and toothpaste in European countries.

These are the key factors for the driving demand for nutmeg oil in the European region.

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Nutmeg Oil Market: Key Players

Some key manufacturers functioning in business in nutmeg oil market includes

  • Green Health
  • Sun Essential Oils
  • Pure Body Naturals
  • Healing Solutions
  • LorAnn Oils
  • Now, Plant Therapy
  • Guru Nanda
  • Artizen
  • Young Living, and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Nutmeg Oil Market Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Nutmeg Oil Market: Market Segmentation

Based on Application:

  • Pharmaceuticals
  • Cosmetics
  • Personal Care
  • Food Products
  • Chemical Industry

Based on Distribution Channel:

  • Supermarket
  • Convivence Stores
  • Online Retail
  • Pharmaceutical stores

Based on Type:

  • Liquid
  • Capsules

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