Ginger Lily Oil Market Size - Forecasts to 2026

According to a new market research report published by GME, the Ginger Lily Oil Marketwill grow with a high CAGR value over the forecast period [2021 to 2026].

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https://www.globalmarketestimates.com/market-report/global-ginger-lily-oil-market-2762

By Application (Essential oil & Perfumery, Cosmetics, Medicinal), By Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Pharmacy, Online), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Browse the Report @https://www.globalmarketestimates.com/market-report/global-ginger-lily-oil-market-2762

Ginger lily or white ginger-lily is a perennial plant harvested in Himalayan region and in some part of Madagascar. These are promising natural oil having excellent properties with respect to skin rejuvenation, anti inflammation, and aromatic smell. The ginger lily oil has vast acceptance in the production of organic personal care products including creams, lotions, soap, shampoo, and perfumes. High demand for naturally resourced products will proliferate the product demand. Government guidelines to focus on more sustainable products accompanied by increasing preference for organic products has influenced the industry growth.

Increasing investment in Ayurvedic and Homeopath medicines

Heavy investment is witnessed in the Ayurveda and homeopath treatments due to their non-toxic and non-inflammatory treatment processes. Ginger lily oil is one of the most promising ingredient in this segment. These plants have excellent properties for treatment of asthma, bronchitis, indigestion, stomach ache, and anxiety. The product is also used to get relief from anxiety and nausea. Increasing consumer demand for therapeutic solutions over the chemical based clinical treatment will influence the market growth. Change in lifestyle leading towards more hectic schedule and stressful routine, which in turns creating demand for anti-depressant and anti-stress herbal medicines.

Organic cosmetic industry expansion

Shift in consumer preference towards natural beauty products along with rising awareness regarding the animal cruelty while testing a chemical based cosmetic will stimulate the organic cosmetic industry growth. High potential in treating skin inflammation, anti-aging properties, and soothing texture will fuel the ginger lily oil extract market. High cost association with the synthesis of inorganic cosmetic ingredient will encourage industry manufacturers to shift towards natural ingredients.

Asia Pacific being the major producer

Asia Pacific, led by India, is among the major producer of ginger lily oil. The plant is widely harvested in the Himalayan belt and have more than 20 species in the region. Favorable climatic conditions and suitable soil quality have increased the farming. The region is expected to have the largest share due to wide product availability and economical costing. Presence of various personal care companies and their R&D unit in the region will encourage the new product development.

Manufacturers focus towards product innovation & increasing applicability

Industry manufacturers are investing on product innovation by exploring new possibilities in the cosmetic and medical field. Wider product applicability will result in more demand and market expansion. The companies are focusing on target personal care companies to procure these ingredients for their product line.

Major industry participants include but not limited to SEPPIC, Fragrantica, R V Essential, BMV Fragrances Pvt Ltd., Spice Herbal, Deve Herbes, Harrods Heath Pvt.Ltd, Greenwood Essential, SOS Organics, Aromaaz International, TNG Worldwide, Call of the Valley Body Product LLP, A.G.Essential Oils, and Avi Naturals.

ApplicationOutlook (Revenue, USD Million, 2021-2026)