Based on applications, the global emu oil market is segmented into skin care, hair care, medical and other applications with respective sub-category applications. Rise in consumer awareness regarding benefits associated with emu oil, changing lifestyle and increasing consumer incomes have led to growth in usage of emu oil products among consumers, thus boosting worldwide sales of emu oil. In 2015, medical segment accounted for the largest share of more than 34.8% of the total global emu oil market by value and it is anticipated to dominate the market in terms of revenue share contribution in upcoming years.
Based on further classification, the skin care segment is additionally categorized into anti-aging wrinkle creams, facial creams and others (skin therapy cream for use on face, hands, and body, therapeutic emu oil, etc.). On the basis of applications, hair care segment is categorized into shampoos, conditioners and others (hair oil, etc.). The medical applications segment is categorized into pain relief patches, ointments and others, where emu oil finds wide application.
Geographically, the global emu oil market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions. In the base year 2015, Asia Pacific was observed as the largest market for emu oil. This growth is attributed to the growing demand for skin care, hair care and other emu oil products. Followed by Asia Pacific, Middle East and Africa was the second largest region in global emu oil market.
Emu oil suppliers are highly concentrated in North America and Asia Pacific zones. Following are few key manufacturers in the global emu oil market; Progressive Emu Inc., Thunder Ridge Emu Products, Dr. Adorable Inc., Akshaya Laboratories Pvt. Ltd., Willow Springs Emu Oil, Emu Tracks , Baramul Emu Oil, Songline Enterprises LLC , Only Emu Products , LB Processors, LLC and Uniquely Emu Products, Inc. The global emu oil market is expected to reach over US$ 154.05 Mn By 2024, expanding at a CAGR of 5.6% from 2016 to 2024.
Purpose of the Report
The purpose of this strategic research study titled “Emu Oil Market – Growth, Future Prospects & Competitive Analysis, 2016 – 2024” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the emu oil market.
Target Audience
USP and Key Offerings
The report titled “Emu Oil Market - Growth, Future Prospects & Competitive Analysis, 2016 – 2024” offers strategic insights into the overall emu oil market along with the market size, and estimates for the duration 2016 to 2024. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different regions.
In order to help strategic decision makers, the report also includes competitive profiling of the leading players in emu oil market in terms of their market positioning, product portfolio, financial health and business strategies. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the emu oil market, offering market size and estimates for the period from 2013 to 2024, keeping in mind the above mentioned factors.
Based on application areas, the global emu oil market is categorized into following segments:
On the basis of applications, the global emu oil market is segmented into skin care, hair care, medical and other applications with respective sub-category applications. In 2015, medical application of emu oil was the largest segment in terms of revenue and accounted for 34.8% share in terms of revenue for emu oil.
There are three oil grades used internationally for emu oil; veterinary grade – used in animal pharmaceutical products; medicinal grade – is triple-refined for use in human pharmaceutical products; and higher grade – for use in cosmetics. In recent years, emu oil has gained more popularity in shampoo, conditioner and hair oil applications due to increasing research and development in hair care segment by emu oil manufacturers.
Based on further classification, the skin care segment is additionally categorized into anti-aging wrinkle creams, facial creams and others (skin therapy cream for use on face, hands, and body, therapeutic emu oil, etc.). On the basis of further applications, hair care segment is categorized into shampoos, conditioners and others (hair oil, etc.). The medical applications segment is categorized into pain relief patches, ointments and others, where emu oil finds wide application.
In 2015, Asia Pacific accounted for the largest revenue share in the global emu oil market and is projected to grow at the fastest CAGR of 6.0% during the forecast period of 2016 to 2024. This growth is attributed to the growing demand for skin care, hair care and other personal care applications. Followed by Asia Pacific, Middle East and Africa was the second largest regional market for emu oil accounting for revenue share of 25.29% in 2015. Growing health and beauty awareness among the consumers coupled with high disposable income in the region is anticipated to augment the growth in the region.
In 2015, the U.S. was estimated to be the largest country-level market accounting for the revenue share of 88.36% in North America emu oil market. The segment is anticipated to witness high growth of over the forecast period and expected to gain 64 bps by 2024. Asia Pacific is expected to register the highest growth rate when compared to other regions because of the presence of developing countries such as China & India. In Asia Pacific, India is expected to be the most prominent contributor in terms of revenue followed by China with a collective market share of 30% in 2015.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Emu Oil market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application Areas
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
