Patchouli oil is a kind of traditional Chinese patent medicines and simple preparations, mainly composed of Patchouli oil, borneol, ginger powder, rhubarb, magnolia officinalis and other traditional Chinese medicines, which has the effects of relieving exterior dampness, regulating qi, detoxifying, removing filth, and aromatizing turbidity.
In clinical practice, patchouli oil is mainly used to treat symptoms such as headache, dizziness, chest and diaphragm tightness, abdominal distension and pain, vomiting and diarrhea caused by external wind cold and internal dampness stagnation. At the same time, it also has a certain effect on treating symptoms such as loss of appetite, abdominal distension and pain, vomiting and diarrhea caused by summer heat and dampness.
Overview of Market Development
According to our research data, the estimated global market size of patchouli oil in 2024 is $74.16 million, an increase of 3.57% compared to 2023, and is expected to continue to increase to $80.02 million by 2029. The CAGR for 2024-2029 is estimated to be 3.49%.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global patchouli oil market is high. Data shows that in 2023, the total revenue share of patchouli oil for the top 3 companies reached 64.10%. The top 3 companies were Van aroma, Givaudan, and PT Mitra Ayu Adi Pratama. In 2023, these three companies' revenue from the patchouli oil market accounted for 42.15%, 15.64%, and 6.31% of the global market, respectively.
Global Patchouli Oil Market Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, according to the different appearance colors, patchouli oil can usually be subdivided into dark patchouli oil, light patchouli oil, and other types. Among them, light patchouli oil holds the highest market share, estimated to be 48.52% in 2024.
From the perspective of downstream application pattern, patchouli oil is mainly used in perfume, pesticide, toys and other fields. Among them, the perfume field is the largest downstream application market, with an estimated application share of 46.56% in 2024.
Global Patchouli Oil Segment Market Size and Market Share Forecast in 2024
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Market Size (Million USD)
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Market Share
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Segmented by Type
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Dark Patchouli Oil
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2.908
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39.22%
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Light Patchouli Oil
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35.98
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48.52%
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Others
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9.09
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12.26%
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Segmented by Application
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Perfume
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34.53
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46.56%
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Pesticide
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8.72
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11.76%
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Toys
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4.30
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5.80%
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Others
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26.61
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35.88%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Patchouli Oil Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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