Ylang-Ylang oil is distilled from the flowers of the tree Cananga odorata. Traditionally, Cananga odorata is used for the treatment of various disorders such as stomach ailments, malaria, asthma, gout, and rheumatism. The essential oils of ylang-ylang oil are used in aromatherapy and are believed to be effective in treating depression, high blood pressure, and anxiety. Oil is also a vital component in fragrances. The global Ylang-Ylang oil market is projected to grow at a modest CAGR of 2.8% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes various properties and benefits possessed by ylang-ylang oil in a wide range of applications such as food & beverages, medical, personal care, and others.

The rising demand for the ylang-ylang oil from the personal care sector is to be one of the major driving factors of the market. As per the ITC, the average demand for ylang-ylang oil across the globe is around 100 tonnes per year. There is substantial demand for ylang-ylang oil in high-end perfumery. The global fragrance market continues to show strong growth at the high end which implies a growing demand for ylang-ylang oil across the globe. 

Segmental Outlook

The global Ylang-Ylang oil market is segmented on the basis of application and distribution channels. Based on the application, the market is segmented as food & beverages, medical, personal care, and others. Based on the distribution channel, the market is segmented into offline channels and online channels. Amongst the application segment of the global Ylang-Ylang oil, the personal care segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the increased use of ylang-ylang oil in various personal care applications such as cosmetics and beauty care products. Ylang-Ylang oil is used as a personal care product for various purposes such as massage oils, moisturizing creams, perfumes, and even scented candles for relaxation. 

Further, the medical segment of the market is also likely to register substantial growth in the market. It is also believed that the medicinal properties exhibited by ylang-ylang oil are one of the main factors that contribute to its increasing popularity and major adoption in the field of aromatherapy. Ylang-Ylang oil possesses various benefits such as Anti-vector/Insecticidal/Anti-pest, insect repellant, anti-inflammatory, anti-bacterial, Anti-melanogenesis, sedative, relaxing, and harmonizing effects among many others. Besides, it is also used in the food & beverages industry which is likely to drive its growth during the forecast period. 

Global Ylang-Ylang Oil Market, by Application 2020 (%)

Regional Outlook

The global Ylang-Ylang Oil market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the Ylang-Ylang Oil market in the region. The regional growth of the market is accredited to the rising awareness amongst the people regarding aromatherapy which is benefitting the growth of the market in the region. Well-developed sectors, increasing per capita income, rising urbanization, and increasing awareness among the people are some of the major driving aspects of the market during the forecast period. Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of key players across the region.

Global Ylang-Ylang Oil Market, by Region 2020 (%)

Market Players Outlook

The prominent players functioning in the global Ylang-Ylang Oil market include Biolandes SAS, doTerra International Inc., Farotti Essenze, Kama Ayurveda Pvt. Ltd., Mountain Rose Herbs, Plant Therapy Inc., Soulflower Co. Ltd., Sydney Essential Oils Co., and The Lebermuth Co. Inc. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Ylang-Ylang Oil market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.