QYResearch: The production of Pine Needle Oil increased from 208.1 MT in 2012 to 234.9 MT in 2016

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Pine oil is an essential oil obtained by the steam distillation of stumps, needles, twigs and conesfrom a variety of species of pine, particularly Pinus sylvestris.

Currently, some companies in the world can produce Pine Needle Oil, mainly concentrating in North America, Europe and China, the production market shares of North America, Europe and China are 24.14%, 34.73% and 23.29%, respectively. The production of Pine Needle Oil increased from 208.1 MT in 2012 to 234.9 MT in 2016, with an average Growth Rate of 3.15%.

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According to QYResearch, In consumption market, the Growth Rate of global consumption is smooth relatively. North America, Europe and China is still the main consumption and the shares are 24.86%, 33.89% and 28.69% in 2016, respectively.

There are two major classfications of Pine Needle Oil, Pinus Sylvestris and Pinus Palustris. Pine Needle Oil can be widely used in Food Additive, Spices, Therapy and Others. Survey results showed that Food Additive and Therapy are the major consumption of Pine Needle Oil, which accounts for 39.33 and 40.87% in 2016. Due to the development of economy and its unique characteristics, these industries will need more Pine Needle Oil. So, Pine Needle Oil has a huge market potential in the future.

The major raw material for Pine Needle Oil is Pine Needle. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of Pine Needle Oil industry. qyresearchglobal.com

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