MARKET REPORT JUNE 2023
The June 2023 market report features insights on this month's most in-demand essential oils and carrier oils. This report highlights three varieties of Wintergreen Essential Oil: Organic (Nepal), conventional (China), and Organic (China). Other essential oils featured include Lemon (Argentina) and Tea Tree Organic. Green Tea Seed Carrier Oil (RBDW) is experiencing an increase in market demand, while the demand for Grapeseed Carrier Oil (Organic) is stabilizing after a year-long drought.
Continue reading to stay up to date on the latest industry trends from the experts at New Directions Aromatics.
Lemon Essential Oil from Argentina is cold pressed from the fruit peel of the Citrus limon (L) burm. Harvest begins between April and May and continues through August and September. Citrus limon requires loamy, sandy, and deep soil with sufficient moisture and a pH level between 5.5 and 7.0. The lemon tree thrives in a hot and humid climate. The ideal temperature for growth is 28 degrees Celsius, but temperatures can range between 17 and 39 degrees. Over the last year, Citrus limon experienced a drought, however, rain fall in the last month has been adequate.
The projected harvest yield for Lemon Essential Oil has yet to be determined. However, the market demand and market conditions for this citrus oil are favorable and firm.
Tea Tree Organic Essential Oil is steam distilled from the leaves and twigs of the Melaleuca alternifolia tree grown in China. Harvest season takes place between October and January, growing in wild conditions. The Tea Tree thrives in clay soil and warm weather conditions. This year's projected harvest yield is approximately the same as that of last year.
The market conditions for Tea Tree Organic Oil are stable compared to last year, while the market conditions have changed slightly.
Wintergreen Organic Essential Oil (Nepal)
Wintergreen Organic Essential Oil is steam distilled from the leaves of the Gaultheria fragrantissima wall plant grown in Nepal. The crop is harvested four times a year and is grown in wild conditions, dry, rocky soil, and cold weather conditions.
Compared to last year, the projected harvest yield for Wintergreen Organic Oil is higher. The market demand remains strong, and the market conditions are normal and experiencing consistent demand.
Wintergreen Essential Oil (China)
Wintergreen Essential Oil is steam distilled from the leaves of the Gaultheria procumbens plant grown in China. This crop is wild harvested annually between June and November. The Wintergreen plant thrives in warm weather conditions and sandy soil types. The projected harvest yield is similar to that of last year. Meanwhile, the market demand for Wintergreen Essential Oil has stabilized over the last year. The market conditions have remained the same.
Wintergreen Organic Essential Oil (China)
Wintergreen Organic Essential Oil is steam distilled from the leaves of Gaultheria procumbens organically grown in China. The crop is wild harvested between June and November, growing best in sandy soil types and warm weather conditions. The projected harvest yield is similar to that of last year, and the market conditions remain unchanged. The market demand for Wintergreen Organic Essential Oil has stabilized over the past year.
Green Tea Seed Carrier Oil is cold pressed from the seeds of the Camellia sinensis shrub grown in China and is refined, bleached, deodorized, and winterized for cosmetic purposes. The harvest for green tea seeds takes place between October and November. Camellia sinensis thrives in well-drained sandy loam with a pH of around 4.5-6.5. The ideal weather conditions include mild climate of 18-25 degrees Celsius, plenty of sunlight, and an average annual rainfall of over 1500 millimeters.
The current growing conditions for Camellia sinensis are favorable, and the projected harvest yield is similar to that of last year. The market demand for Green Tea Seed Oil is increasing due to the increasing awareness of this oil's benefits and uses.
Grapeseed Organic Carrier Oil is cold-pressed from the Vitis vinifera seeds organically grown in South Africa. Harvest season takes place between January and April, and the current growing conditions are favorable. The ideal weather conditions for Vitis vinifera seeds include long warm summers and rainy winters. The preferred soil type varies depending on the region where the seeds are planted in.
The projected harvest yield for grape seeds has been confirmed to be 15% lower due to the drought of last year. Meanwhile, the market demand is stable, and the market conditions are healthy.