Colombia Essential Oil Market Overview, 2028

Colombia Essential Oil Market Overview, 2028

The essential oil market in Colombia is a blossoming garden of aromatic possibilities, where the rich biodiversity of this South American gem converges with age-old traditions and modern wellness trends. Nestled between the Andes Mountains and the Amazon rainforest, Colombia boasts a treasure trove of botanical wonders, from the zesty fragrance of citronella to the exotic allure of ylang-ylang. With a growing appreciation for natural remedies and holistic health, Colombia's essential oil industry has seen remarkable growth in recent years. Local artisans and entrepreneurs are harnessing the power of these fragrant oils to craft unique blends that not only soothe the senses but also offer a myriad of therapeutic benefits. From the verdant coffee plantations of the highlands to the lush jungles of the Amazon basin, Colombia's essential oils are a fragrant testament to the nation's natural splendor and its commitment to harnessing the power of nature for well-being.

According to the research report ""Columbia Essential Oil Market Overview, 2028,"" published by Bonafide Research, the Columbia Essential Oil market is projected to add a value near to USD 205 Million by 2028. The essential oil market in Colombia is experiencing robust growth, positioning the country as a notable player in the global essential oils industry. This expansion can be attributed to several key factors such as Colombia boasts a remarkable diversity of aromatic plants and natural resources, which serve as the foundation for essential oil production. The country's favorable climate and geographical conditions have made it a prime location for cultivating a wide range of aromatic plants, including eucalyptus, citronella, and lavender, among others. Colombia engages in both imports and exports of essential oils with various countries around the world, contributing to its active participation in the global essential oil trade. In terms of imports, Colombia often sources essential oils from countries renowned for specific aromatic plant varieties that may not be as abundant domestically. For instance, it commonly imports essential oils from countries like France, India, and Morocco, known for their high-quality lavender, jasmine, and other exotic oils. On the export front, Colombia has expanded its reach to cater to a diverse international clientele. It exports essential oils to countries across North America, Europe, and Asia, among others. The United States, Canada, and several European nations are significant destinations for Colombian essential oils due to their well-established markets and growing demand for natural and organic products. Additionally, countries in Asia, such as Japan and South Korea, have shown increasing interest in Colombian essential oils for their use in cosmetics, aromatherapy, and traditional medicine.

The report is segmented on the basis of different types of essential oils which includes Citrus (Oranges, Tangerines/ Mandarins, Lemons and Limes, Grapefruit), Rosemary Oil, Geranium Oil, Lavender Oil, Rose Oil, Peppermint Oil, Clove leaf Oil , Eucalyptus Oil, Citronella Oil, Clove Bud Oil, Jasmine Oil, Tea Tree Oil, and Others (Dill Seed, Saffron, Grapeseed Oil, Cumin Seed, Nutmeg, Cedarwood, Frankincense, Sandalwood, Sage, Clove bud, Myrrh Oil, Juniper Berry, Cardamom, Black pepper, Ginger, Cinnamon, Basil, Spearmint oil, Jasmine oil, Turmeric, Vetiver, Acorus Calamus, Ajowan, Carrot Seed, Cassia, Celery, Curry Leaf, Cypriol, Davana, Fennel, Garlic, Ylang ylang). In Colombia, one of the essential oils that is highly used and cultivated is eucalyptus oil. Eucalyptus trees, particularly Eucalyptus globulus and Eucalyptus citriodora varieties, are prevalent in the country's diverse landscapes. Eucalyptus essential oil is known for its distinct, refreshing aroma and numerous therapeutic properties. It is widely used in aromatherapy, as an ingredient in cosmetic and personal care products and in traditional medicine.The popularity of eucalyptus oil can be attributed to its potential benefits, which include respiratory relief, antimicrobial properties, and its ability to soothe sore muscles and promote relaxation. Along with this, the use of citrus oil dominates the Columbia market, and the lavender oil is expected to grow at a significant market size in coming years.

Based on the Application segment, the report is further distinguished into Food & beverages, Cosmetics, Aromatherapy, Healthcare, Home care, and other applications (feed, insecticides, and paints). The essential oil industry in Columbia was primarily driven by its food and beverages industry. Aromatherapy had gained considerable popularity in Columbia, with essential oils being used in diffusers, massage oils, and other wellness products to promote relaxation, stress relief, and overall well-being. In the personal care industry, essential oils were commonly incorporated into skincare, hair care, and beauty products due to their fragrance and potential therapeutic properties. Also the essential oils were primarily associated with aromatherapy, wellness, personal care, and fragrance industries in the country. Paint manufacturing typically relied on synthetic chemicals and pigments designed to achieve specific color and performance properties. However, the field of paint and coatings is diverse and continually evolving, with increasing interest in environmentally friendly and sustainable products. Essential oils have niche applications in some specialized, eco-friendly or natural paint formulations, but their use in mainstream paint production in Columbia was not widespread at that time.

By the Nature of essential oils, the report is further categorized into Conventional type and Organic type; conventional varieties have traditionally held the largest share of the market in Columbia, with their availability and affordability catering to a broad consumer base. However, the winds of change are blowing, and the future promises a significant shift towards organic essential oils dominating the Columbia market. As consumer awareness of health and sustainability grows, more individuals are seeking natural and organic alternatives across various industries, including aromatherapy and wellness. Organic essential oils, cultivated without synthetic pesticides or chemicals, resonate with the eco-conscious and health-oriented Columbia consumer base. With a focus on purity, environmental stewardship, and holistic well-being, the organic essential oil segment is poised to not only capture a larger market share but also shape the narrative of the essential oil industry in Columbia, embodying a commitment to both personal and planetary health. This transformation underscores the evolving landscape of consumer preferences, as Columbia's essential oil market paves the way for a greener, more sustainable future.

By the method of extraction of essential oils, the market is classified into different processes which are Distillation, Cold press extraction, Carbon dioxide extraction, Solvent extraction, and other extraction methods (resin tapping and maceration). In Columbia, the most commonly used method for the extraction of essential oils is distillation (steam). This traditional technique has been widely employed for years and is particularly well-suited for extracting essential oils from a variety of aromatic plant materials. As for the future, there is a growing interest in more sustainable and environmentally friendly extraction methods, like cold-press extraction. Cold-press extraction, on the other hand, is favored for citrus oils, where the oil is mechanically pressed from the fruit peel without the application of heat. According to the distributional channel of essential oils, Direct Distribution, Retail Distribution, Mlm (Multilevel Marketing) Distribution, Online, and Others (Craft Fairs and Trade Shows, Home Parties and Workshops, Beauty Salons, Alternative Medicine Practitioners, etc.)In Columbia, the distributional channel that dominates the essential oil market is a combination of direct sales which holds the largest market share in 2022; and through various retail outlets and e-commerce. Columbia's essential oil market is highly diverse and caters to a wide range of consumers, from individual enthusiasts to large-scale industries. As a result, essential oils are made available through multiple channels to reach this varied customer base. With the rapid growth of online shopping, e-commerce has become a dominant distributional channel in recent years. Columbian consumers conveniently purchase essential oils from e-commerce platforms, where they have access to a wide variety of products and read reviews and compare prices. This channel offers both convenience and a broad product selection. Essential oils are frequently used in the spa and wellness industry. Many spas and wellness centers source their essential oils directly from suppliers or distributors to use in massages, aromatherapy sessions, and other treatments.

Considered in this report:
• Geography: Columbia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Columbia Essential Oil market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Citrus (Oranges, Tangerines/ Mandarins, Lemons and Limes, Grapefruit)
• Rosemary Oil
• Geranium Oil
• Lavender Oil
• Rose Oil
• Peppermint Oil
• Clove leaf Oil
• Eucalyptus Oil
• Citronella Oil
• Clove Bud Oil
• Jasmine Oil
• Tea Tree Oil
• Others (Dill Seed, Saffron, Grapeseed Oil, Cumin Seed, Nutmeg, Cedarwood, Frankincense, Sandalwood, Sage, Clove bud, Myrrh Oil, Juniper Berry, Cardamom, Black pepper, Ginger, Cinnamon, Basil, Spearmint oil, Jasmine oil, Turmeric, Vetiver, Acorus Calamus, Ajowan, Carrot Seed, Cassia, Celery, Curry Leaf, Cypriol, Davana, Fennel, Garlic, Ylang ylang)

By Application:
• Food & beverages
• Cosmetics
• Aromatherapy
• Healthcare
• Home care
• Other applications (feed, insecticides, and paints)

By Nature:
• Conventional
• Organic

By Method of Extraction:
• Distillation
• Cold press extraction
• Carbon dioxide extraction
• Solvent extraction
• Other extraction methods (resin tapping and maceration)
By Distribution Channel:
• Direct Distribution
• Retail Distribution
• Mlm Distribution
• Online
• Others (Craft Fairs and Trade Shows, Home Parties and Workshops, Beauty Salons, Alternative Medicine Practitioners, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Essential Oil industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.