Rising Demand for Eucalyptus Oil
By Frances Wright
Eucalyptus oil is obtained from the leaf of the Eucalyptus tree. Oil suppliers across South Africa fervently produce and promote Eucalyptus oil due to its popularity in the commercial market for its healthcare benefits. As a result Eucalyptus oil is of the higher ranking African essential oils.
According to the “Global Eucalyptus Oil Market 2018-2023 Forecast”, the rate of production of Eucalyptus oil in South Africa, and worldwide, has seen a marked increase.
Essential oil producers are experiencing a higher demand for Eucalyptus oil to be used in ointments for healing, as well as for perfumes, and flu and cold medicines and rubs. African perfume oils are also becoming more popular. This in turn is increasing the demand for such oils with fragrance oil suppliers in South Africa.
The effect of this increased demand is outlined in the Forecast as follows:
“The increased consumption of Eucalyptus Oil is expected to continue during the remaining years of the forecast period of 2019-2024. Eucalyptus Oil industry will usher in a stable growth space.At the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in Eucalyptus Oil market will become more intense. The worldwide market for Eucalyptus Oil is expected to grow at a CAGR of roughly 6.6% over the next five years, will reach 400 million US$ in 2023, from 270 million US$ in 2017, according to a new study.”
Natural essential oil distribution companies in South Africa must ensure that they are staying ahead of the trend and are well prepared to meet the continued rise in demand for this oil. Teubes Oils has predicted this increased need for these essential oils and natural extracts, ensuring its Eucalyptus oil supply is ready to meet the demand.