According to a new market report published by Lucintel, the future of the angelica root oil market looks promising with opportunities in medical, spa and relaxation, and others. The global angelica root oil market is expected to grow with a CAGR of XX% from 2020 to 2025. The major drivers for this market are increasing demand for healthy food, and expansion of the pharmaceutical industry.
In this market, therapeutic grade, and others are the major product types. Lucintel forecasts that therapeutic grade will remain the largest segment over the forecast period because increasing consumer awareness regarding medicinal benefits will increase the demand of argelica root oil.
Within this market, medical, spa and relaxation, and others are the major application of angelica root oil. Medical will remain the largest segment by application type over the forecast period due to increased consumer demand for organic acid-fortified food and beverages, owing to their anti-spasmodic, anti-bacterial, digestive, and carminative properties.
Europe is expected to witness the highest growth over the forecast period due to the growing consumer awareness on the benefits of angelica root oil, availability of products, and availability of angelica herb as a native plant in this region, which enable manufacturers to have competitive pricing on a global platform.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global angelica root oil market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Angelica Root Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global angelica root oil market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Medical
Spa & Relaxation
others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
Italy
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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