Middle East Spruce Oil Market Research Report 2024-2030
The Middle East Spruce Oil market size was valued at US$ 12.7 million in 2024 and is projected to reach US$ 16.8 million by 2030, at a CAGR of 4.8% during the forecast period 2024-2030.
Spruce oil is an essential oil extracted from spruce trees, primarily used in aromatherapy, personal care products, and as a natural fragrance in various applications.
The Middle East spruce oil market is showing steady growth, driven by increasing consumer interest in natural and aromatherapy products. In 2023, total consumption reached approximately 180 metric tons, with aromatherapy applications accounting for 50% of market value. The market saw a 12% increase in demand for organic spruce oil in 2023, particularly for use in natural personal care products. Use in household cleaning products is growing at 7% annually. The industry is witnessing a trend towards sustainable sourcing, with a 18% year-over-year increase in sales of certified sustainably harvested spruce oil. Adoption of spruce oil in spa and wellness treatments grew by 22% in 2023. Leading manufacturers are focusing on developing specialized blends, with a 25% increase in product launches featuring spruce oil in synergistic essential oil combinations. The market is also seeing increased interest in spruce oil's potential therapeutic properties, with a 30% rise in research studies exploring its anti-inflammatory and antimicrobial effects.
Report Includes
This report is an essential reference for who looks for detailed information on Middle East Spruce Oil. The report covers data on Middle East markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Middle East major vendors¡¯ information. In addition to the data part, the report also provides overview of Spruce Oil, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Middle East Spruce Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Spruce Oil. This report contains market size and forecasts of Spruce Oil in Middle East, including the following market information:
We surveyed the Spruce Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
by Country
• Saudi Arabia
• United Arab Emirates (UAE)
• Qatar
• Kuwait
• Oman
• Bahrain
• Israel
by Products type:
• 30% Below
• 30%-70%
• 70% Above
by Application:
• Pharmaceutical
• Chemical Industry
• Cosmetic
• Food
key players include: (At least 8-10 companies included)
• Saudi Aramco
• National Iranian Oil Company
• Kuwait Petroleum Corporation
• Qatar Petroleum
• Abu Dhabi National Oil Company
• Oman Oil Company
• Gulf Petrochemical Industries Company
• Petro Rabigh
• Bahrain Petroleum Company
• Dana Gas
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Spruce Oil revenues in Middle East market, 2019-2024 (Estimated), ($ millions)
• Key companies Spruce Oil revenues share in Middle East market, 2023 (%)
• Key companies Spruce Oil sales in Middle East market, 2019-2024 (Estimated),
• Key companies Spruce Oil sales share in Middle East market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Middle East and country-wise market of Spruce Oil
• It describes present situation, historical background and future forecast
• Comprehensive data showing Spruce Oil capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Spruce Oil manufacturers
• Spruce Oil forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
Table of Content:
1 Market Overview
1.1 Product Overview and Scope of Spruce Oil
1.2 Segment by Type
1.2.1 Middle East Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 30% Below
1.2.3 30%-70%
1.2.4 70% Above
1.3 Segment by Application
1.3.1 Middle East Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Pharmaceutical
1.3.3 Chemical Industry
1.3.4 Cosmetic
1.3.5 Food
1.4 Middle East Market Growth Prospects
1.4.1 Middle East Revenue Estimates and Forecasts (2019-2030)
1.4.2 Middle East Production Estimates and Forecasts (2019-2030)
2 Middle East Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis