Portland, OR, June 21, 2022 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global geranium oil market was pegged at $73.83 million in 2020, and is expected to reach $136.59 billion by 2030, growing at a CAGR of 6.0% from 2022 to 2031
Rise in popularity of aromatherapy products due to awareness about their benefits and increased disposable income drives the global geranium oil market. Moreover, use of geranium oil in medicinal applications would open new opportunities in the future.
Covid-19 scenario:
- During the outbreak of Covid-19, the market suffered huge losses owing to mandatory closures and restrictions by relevant regulatory agencies.
- Egypt is the leading producer of geranium oil and the restrictions on import-export of non-essential items created delays in the supply of geranium oil across the world.
Get detailed COVID-19 impact analysis on the Geranium Oil Market: https://www.alliedmarketresearch.com/request-for-customization/16729?reqfor=covid
The report segments the global geranium oil market on the basis of nature, application, distribution channel, and region.
Based on nature, the conventional segment held the largest share in 2020, accounting for more than four-fifths of the market. However, the organic segment is estimated to register the highest CAGR of 6.6% during the forecast period.
On the basis of application, the aromatherapy segment dominated the market in 2020, contributing to more than two-fifths of the market….
