The global andiroba oil market is estimated to grow at a CAGR of 5.2% during the forecast period. Andiroba oil is made from the seeds of the Andiroba tree, which is a South American native. Carapa guianensis is the botanical name for the andiroba tree, which is also known as crabwood and andiroba. The andiroba tree can be found in abundance in the Amazonian regions of Brazil and Peru, as well as sections of Africa. The oil extraction procedure is lengthy, requiring the removal of the seed from the nut by boiling it, followed by fermentation for 25 days, and finally oil extraction. Andiroba oil contains medicinal components such as palmitic acid, and robin, linoleic acid, linolenic acid, stearic acid, and oleic acid, as well as astringent and anti-inflammatory effects.
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The global andiroba oil market is divided into three categories based on its use in cosmetics, pharmaceuticals, and fragrances. In cosmetics, andiroba oil is used to make skin moisturizers, soaps, and hair shampoo, while in medicines, it is used to make essential oils for pain relief and skin and hair medication. The use of andiroba oil in pharmaceutical and cosmetic items is likely to fuel the global andiroba oil market. The market is predicted to develop owing to the low cost of raw materials. During the forecast period, the market is likely to benefit from rising demand for organic cosmetics that contain andiroba oil. Andiroba oil is mostly used in pharmaceutical supplements as it has antibacterial characteristics and aids in the treatment of disorders of the digestive and nervous systems. Andiroba oil is frequently used in the fragrance business as a component in goods such as lotions, perfumes, soaps, and detergents to add aroma. This, in turn, is driving the growth of the global andiroba oil market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Source
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Anita Grant, Akoma Skincare, and Camden-Grey Essential Oils, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Andiroba Oil Market Report by Segment
By Source
- Natural
- Organic
By Application
- Cosmetics
- Pharmaceuticals
- Fragrances
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