Hinoki Oil Market Expected to Reach US$ 391.9 Million by 2034: Fact.MR Report

Rockville , Jan. 29, 2024 (GLOBE NEWSWIRE) -- The global Hinoki oil market is estimated to be valued at US$ 150.4 million in 2024 and is forecasted to expand at a CAGR of 10.1% from 2024 to 2034. Hinoki oil, a naturally derived essential oil extracted from the Japanese cypress tree (Chamaecyparis obtusa), has been gaining popularity in recent years for its potential health benefits. Traditionally used in Japanese medicine for centuries, Hinoki oil is now being investigated for its ability to promote relaxation, reduce stress, and improve skin health.

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Derived from the renowned Hinoki cypress tree, native to Japan, Hinoki oil has been treasured for centuries for its numerous health benefits. Known for its refreshing, woodsy aroma, this essential oil has gained popularity worldwide for its ability to induce a calm and peaceful state of mind. Soothing properties of Hinoki oil make it an ideal choice for individuals looking to alleviate stress and anxiety. Its enchanting scent helps create a serene environment, allowing for improved focus and mental clarity. Whether used in a diffuser, added to a relaxing bath, or applied topically through massage, this versatile oil can be incorporated into various self-care routines.

Hinoki oil's potential benefits extend beyond relaxation and skin care. Studies have shown that Hinoki oil may also help reduce inflammation, improve sleep quality, and boost immune function.

Key Takeaways from Market Study

• The global Hinoki oil market is projected to expand at 10.1 % CAGR and reach US$ 391.9 million by 2034-end.
• The market expanded at a CAGR of 4.3% from 2019 to 2023 and was valued at US$ 137.2 million in 2023.
• Top market players include Oshadhi Essential Oils, Iwase Cosfa Europe SAS, Chidoriya Corp., Hinoki LAB, Health & Beauty Natural Oils (Essential Natural Oils), Young Living, Eden Botanicals, Plant Therapy, Stillpoint Aromatics, Aromaaz International, Mystic Moments UK.
• Demand for cold-pressed Hinoki oil is forecasted to rise at a noteworthy CAGR of 10.8% during the forecast period.
• The market in South Korea is projected to reach US$ 15.9 million by the end of 2034.
  

“Hinoki oil not only offers a natural way to unwind but also presents several health benefits that can enhance one's well-being. The Hinoki oil market is projected to exhibit sustained growth over the forecast period amid rising awareness of its benefits. Companies must focus on strict quality controls and eco-friendly practices to maintain a positive brand image in the market,” says a Fact.MR analyst.

Key Companies Profiled in This Report

• Oshadhi Essential Oils
• Iwase Cosfa Europe SAS
• Chidoriya Corp.
• Hinoki LAB
• Health & Beauty Natural Oils (Essential Natural Oils)
• Young Living
• Eden Botanicals
• Plant Therapy
• Stillpoint Aromatics
• Aromaaz International
• Mystic Moments UK
• Others

Market Growth Strategies

Companies manufacturing Hinoki oil resort to a variety of strategies to improve their standing and maintain their competitiveness. The creation of organic and natural product lines, use of sustainably sourced raw materials for Hinoki oil production, introduction of a variety of product forms with distinct quality and forms, consumer-focused packaging and marketing tactics, establishment of long-lasting alliances and collaborations, online retailing and door-to-door delivery options, and regulatory compliance are some of these strategies.

• Mystic Moments UK, a leading manufacturer and supplier of essential oils, announced a 15% discount on its Lavender Abrislis Essential Oil. This versatile essential oil is known for its antiseptic, antifungal, antimicrobial, and antioxidant properties.
• Eden Botanical is a leading supplier and manufacturer of premium botanical extracts for aromatherapy, natural perfumery, and skin and body care formulations. Eden Botanical partners with reputable growers from around the world to ensure that its products are of the highest quality.

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Country-wise Insights

Based on the most recent trends in the hinoki oil Market, businesses in this area are able to produce an annual profit between 24% and 28%. Businesses take customer ingredient preferences very seriously and believe that adding hinoki oil to their products will increase their return on investment. Because of worries about environmental and health effects, American consumers choose natural perfumes over synthetic ones. A popular natural scent in cosmetics, household cleaning goods, and fragrances is hinoki oil.

With an estimated 1,000 tonnes produced year, Japan is the world's largest producer of hinoki oil. There are additional nations that produce hinoki oil, including China, Korea, and Vietnam. The increased demand for natural and holistic goods is propelling the worldwide hinoki oil market's steady growth.

Explore More Related Studies Published by Fact.MR Research:

Agarwood Essential Oil Market: The global agarwood essential oil market is calculated at a value of US$ 140.9 million for 2024 and is forecasted to climb to US$ 224.6 million by the end of 2034.

Citrus Oil Market: The global citrus oil market size is projected to expand at a CAGR of 5.1% and reach a valuation of US$ 14,420 Mn by the end of 2033.

Argan Oil Market: The current valuation of the global argan oil market is US$ 320 million, which is projected to reach US$ 800 million by the end of 2032.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the Hinoki oil market, presenting historical market data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on by type (steam-distilled Hinoki oil, cold-pressed Hinoki oil, CO₂-extracted Hinoki oil), application (aromatherapy, personal care products & treatment, pharmaceuticals, others), and sales channel (modern trade, convenience stores, departmental stores, direct sales, specialty stores, online retailing), across key regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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