Nutmeg Oil Market
May 2017
Report Id : REP-GB-3114
Status : Ongoing
Category : Food and Beverages
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Nutmeg Oil Market
Nutmeg oil is extracted from the nutmeg (Myristica fragrans) which is a type of volatile oil. Nutmeg oil is
extracted by steam distillation process of ground nutmeg which is used mostly in pharmaceutical and
perfume industries. Nutmeg oil has colorless or light yellow appearance. Nutmeg oil consists of 90% of
terpene hydrocarbons which is used in oleochemical industries. Nutmeg oil also contains small amounts
of a variety of aromatic ethers and phenolic compounds such as elemicin, myristicin, methyl eugenol and
safrole which is used in variety of aromatic-based products. Nutmeg oil is widely used as a flavoring agent
in food products such as syrups, bakery products, beverages, sweets, etc. Nutmeg oil is also used in
pharmaceutical and cosmetic industries and as a major ingredient in many syrups and beverages. Nutmeg
oil is also used in treating digestive and nervous system of the individual.
Global Nutmeg Oil: Market Segmentation
The global nutmeg oil market is segmented on the basis of type, distribution channel, end user,
application and region. The nutmeg oil is primarily used in pharmaceutical formulation products such as
lozenges, cough sweets, cough syrups and ointments. The nutmeg oil market is segmented on the basis
of distribution channel such as supermarket/hypermarket, online stores and retail stores. The global
nutmeg oil market can also be segmented as an ingredient in dietary supplements, capsules, and others.
The global nutmeg oil market is
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Nutmeg Oil Market
segmented on the basis of end user such as industries, food services and consumers. The global nutmeg
oil market is segmented on the basis of application such as pharmaceuticals, cosmetics, food products,
fragrance, and chemical industrial uses. Hence, the global nutmeg oil market is expected to significantly
increase the revenue contribution over the forecast period.
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Global Nutmeg Oil Market: Regional Outlook
Geographically, the global nutmeg oil industry can be divided by major regions which include North
America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
Globally, among all regions, North America has developed as the dominant region in global nutmeg oil
market followed by Asia Pacific. Growing demand for nutmeg oil products as a result of increasing usage
of nutmeg oil in various industries, has strengthened the growth of global nutmeg oil market and hence is
projected to significantly expand the revenue contribution of the market over the forecast period.
Global Nutmeg Oil Market: Growth Drivers
The global nutmeg oil market major driving factors are increasing demand of nutmeg oil in cosmetics
industry for skincare products coupled with rising number of nutmeg oil based dietary supplements
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Nutmeg Oil Market
and capsules are expected to significantly increase the revenue contribution of the global nutmeg oil
market over the forecast
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period. Many consumers are using nutmeg oil in various pharmaceutical and chemical products. Nutmeg
oil is mainly used in medicinal supplements as it contains various properties such as antiseptic, helps in
treating diseases related to digestive and nervous system. Nutmeg oil is widely used in fragrance industry
as a component to impart aroma in products such as lotions and perfumes, soaps, and detergents.
Hence, the global nutmeg oil market is expected to observe robust growth over the forecast period.
Global Nutmeg Oil Market: Key Players
Some of the key players identified across the value chain of the global nutmeg oil market includes
Aromex Industry, Edens Garden, Now Foods, Reho Natural Ingredients, Frutarom, Rakesh Sandal
Industries, Berjé Inc., De La Grenade Industries Ltd., De Monchy Aromatics, Ultra International B.V. and
others. The companies are expected to expand their business by enhancing their product portfolio in
global nutmeg oil market. The companies are projected to frame certain strategies in future in order to
gain the competitive advantage in global nutmeg oil market till 2027.
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