The global nutmeg oil market size is projected to reach USD 713.7 million by 2032, driven by a compound annual growth rate (CAGR) of 6.5%. The market’s value stood at USD 378.8 million in 2022. Increasing recognition of the nutritional and therapeutic benefits of nutmeg oil across various industries is fueling this growth. The oil’s effectiveness in treating skin conditions and acne is contributing to its rising demand. The market has experienced a growth rate of 5.7% from 2016 to 2021.
Nutmeg serves primarily as a spice or as a source for nutmeg oil extraction. Apart from the nut itself, mace can also be utilized for extracting essential oils. Nutmeg oil blends well with various other essential oils such as mandarin, marjoram, rosemary, lavender, cedarwood, clary sage, and sandalwood.
Demand for Nutmeg Oils
Nutmeg oil is widely used in aromatherapy, traditional medicine, and the perfume industry. Nutmeg contains rich in antioxidants due to the presence of phenolic compounds.
These antioxidants can protect your cells from damage caused by the free radicals. Nutmeg oil can reduce inflammation compounds in your body due to the presence of myristicin compounds, terpene hydrocarbons, phenylpropane. Due to the properties of the plethora of therapeutic nutmeg is used in traditional medicine. It also aids in the regulation of menstrual cycles, female hormones, lung issues, and the common cold. Nutmeg oil improves sexual performances in both women and men. Nutmeg oil is used to prevent dark spots, skin woes, uneven skin tone. The health benefits are the key driving factors for the driving demand for nutmeg oil.
Competition Analysis
Key players in the global Nutmeg Oil market include Green Health, Sun Essential Oils, Pure Body Naturals, Healing Solutions, LorAnn Oils, Now, Plant Therapy, Guru Nanda, Artizen, Young Living, Kauveri Spices, Botanic Healthcare Private Limited, Aromaaz International, and many others.
- On London, Frankfurt, and Paris flights, Vistara launched wellness amenity kits. Several wellness-related initiatives have been announced by Vistara, including new IFE content and amenity kits. Vistara offered ayurvedic wellness amenity kits for business class passengers from London Heathrow, Frankfurt, and Paris. There are products from Forest Essentials in the kits, such as a sleep spray that contains nutmeg, lavender, sandalwood, and geranium essential oils, and lip balms infused with kokum butter, organic beeswax, and cocoa butter, as well as honey, apricot oil, and burnt cane sugar.
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Key Segments Profiled in the Global Nutmeg Oil Market
Nutmeg Oil Market by Application:
- Nutmeg Oil in Pharmaceuticals
- Nutmeg Oil in Cosmetics
- Nutmeg Oil in Personal Care
- Nutmeg Oil in Food Products
- Nutmeg Oil in Chemical Industry
Nutmeg Oil Market by Distribution Channel:
- Nutmeg Oil Sales via Supermarkets
- Nutmeg Oil Sales via Convenience Stores
- Nutmeg Oil Sales via Online Retail
- Nutmeg Oil Sales via Pharmaceutical Stores
Nutmeg Oil Market by Type:
- Liquid Nutmeg Oil
- Nutmeg Oil Capsules
Nutmeg Oil Market by Region:
- North America Nutmeg Oil Market
- Latin America Nutmeg Oil Market
- Europe Nutmeg Oil Market
- Asia Pacific Nutmeg Oil Market
- Middle East & Africa Nutmeg Oil Market
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