Global Coriander Oil Market - 2024-2031

Global Coriander Oil Market - 2024-2031

Global Coriander Oil market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Coriander oil is produced from coriander seeds with the help of various extraction techniques for its use in various applications such as food, medicine and skin care. Coriander oil is highly valued in the medicinal field for its analgesic and antispasmodic properties. The great flavor and antioxidant characteristics increase its use in food applications. The availability of coriander oil in food and therapeutic grades increases its easy use in end-use applications.

Technological processes such as steam distillation and hydro-distillation help better process coriander plants and obtain coriander oil. In addition, the development of various pre-treatments such as a pulse electric field to the coriander seeds helps in the effective oil extraction. The developments taking place in the field of technology for effective coriander oil production can help in increasing the market size.

Market Dynamics: Drivers & Restraints

Health Benefits Associated with Coriander Oil

Coriander oil offers a range of health benefits. Coriander oil contains essential compounds such as linalool, pinene, cineole, and others used for medicinal treatments. It is a versatile natural remedy for various health concerns, including pain relief, digestive discomfort, and blood purification. Its fungicidal properties can help prevent fungal infections. Additionally, it can promote stomach health and offer relief from digestive issues.

Coriander oil is used in aromatherapy and helps in promoting relaxation by reducing anxiety and stress. It also possesses aphrodisiac qualities and serves as a natural deodorant. It can also aid in weight management and improve mental clarity. Coriander oil is an effective treatment for diabetes and depression and can aid in thyroid issues. It also acts as a natural detoxifier, boosts immunity, aids digestion, and alleviates menstrual pain and irregular blood flow. Thus, the above factors are expected to drive the market growth during the forecast period.

High Costs and Limited Availability of Raw Materials

The high cost and limited resource availability are creating challenges for various manufacturers to generate products and improve their product demand in the market. The high costs of these products are pushing end-users to use various alternative oils in the market for their application in food & beverage, medicinal and cosmetic use, hindering the market growth.

Segment Analysis

The global coriander oil market is segmented based on type, application and region.

Food and Beverage segment is expected to dominate the market growth

The food and beverage segment accounted for the largest share of the global coriander oil market. Coriander is an important flavor in various food products in multiple regions.

Coriander has antioxidant properties that help in preventing food spoilage. The oil helps increase food products' shelf life due to its antimicrobial activities. Coriander oil enhances the properties of various food products such as salads. The high use of coriander oil as its property of flavoring agent and adjuvant increases the segment growth..

Geographical Analysis

Asia-Pacific is expected to hold a significant position in the coriander oil market share

Asia-Pacific dominated the global coriander oil market. The presence of the largest coriander-producing countries such as India and China, increases the market value in this region. According to Economic Affairs 2022, India produces about 80% of the world’s total coriander seed in the world, with Madhya Pradesh, Rajasthan and Gujarat leading the production rates.

The high production in this region contributes to the easy and high accessibility of the raw material for oil extraction and processing. In addition, the increasing industrial sector in this region positively influences the development of food and medical industries that help in the high use of coriander oil in various applications.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic had a mixed impact on the global coriander oil market. The sudden lockdown declaration by the government created various challenges for the manufacturers to source the required raw materials in the processing of the coriander oil. The unavailability of required labor facilities decreased the production of the oil processing industries. Manufacturers also faced challenges in the distribution of the final product to the end-user such as residential users and commercial food and medicinal product producers. The low reach of the product decreased product sales in the market. The increased health consciousness among consumers increased the demand for natural products such as coriander oil for its use in food and pharmaceutical products, positively impacting the market growth.

Market Segmentation

By Type
• Therapeutic Grade
• Other

By Application
• Medical
• Spa and Relaxation
• Food and Beverage
• Agrochemicals
• Cosmetics

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Nasaleze International Ltd, Ecology Works, Spectrum Brands, Inc., Bayer AG, Sanofi SA, Hudson Scientific LLC, Prestige Consumer, Healthcare Inc., Stallergenes Greer, NasalGuard Airborne Particle Blocker, and Haleon plc among others.

Why Purchase the Report??
• To visualize the global coriander oil market segmentation based on type, application and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of coriander oil market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global coriander oil market report would provide approximately 53 tables, 47 figures and 176 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies