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MARKET REPORT MAY 2022

The following report contains updates on the current trends in production and availability of the most in-demand Essential Oils and Carrier Oils sourced from around the globe.



Fir Balsam Essential Oil

Sometimes referred to as Blistering Pine, the Balsam Fir typically grow between ¾ inches and ¼ inches long and has two white stripes on the undersides of each needle. Originating from the Canadian province of Quebec, Fir Balsam Essential Oil captures the crisp, clean, and cool scent profile of the Balsam Fir that is commonly used in household cleaners and air fresheners. Fir Balsam Essential Oil is also associated with festive blends for the Autumn and Winter seasons.

This forestry branch harvests between December and January, and again between April and November. Balsam Fir requires boreal mixed, sandy soil and stable weather conditions to grow healthily. This previous winter season was too cold to support the growth of this crop. However, the annual growth situation will be determined by how much Balsam Fir is able to be harvested during the upcoming summer months. While the harvest yield has not expected to reach exceptional levels, the projected harvest yield for Balsam Fir is stable and favorable. This year's demand for Fir Balsam Essential Oil was very high, and demand is expected to remain on the rise.

Jasmine Sambac Absolute

Also originating in India, the Jasmine Sambac is a beautiful flower that blooms in the late evening. Obtained through the solvent extraction method, Jasmine Sambac yields an absolute with a thick consistency and a strong aromatic profile that possess more musky and masculine notes. The harvesting season occurs between March and June. Sandy, well-drained soil is suitable for growing Jasmine Sambac, and semi-arid weather conditions are ideal to help the crop thrive.

This year, harvesting conditions have been poor since the heavy rains from the previous year have destroyed the crops. Although the projected harvest yield is lower, the demand for Jasmine Sambac Absolute remains high, which will drive the prices up.

Rosemary Essential Oil

Rosemary Essential Oil – ct Cineole (Hungary)

Rosemary, Rosmarinus officinalis, is an evergreen shrub with an ash-colored, scaly stem and thick, glossy dark green leaves with white on the bottom. While Rosemary is initially known to thrive naturally near the Mediterranean Sea, Hungarian rosemary is frost-resistant and can withstand cooler climates. This contributes to the differentiation of major component concentrations. Hungarian Rosemary possesses a strong, fresh, herbaceous scent profile that exudes a subtle warmth, making it an effective top note.

This species of Rosemary harvests between May and October and requires an abundance of sunlight, low rain levels, and southern, calcareous soils for optimal growth. Climate change has contributed to abnormally mild Winters and dry Springs, which makes for ideal growing conditions for the Rosemary. The harvest yield is expected to be around the same as last years, with potential to be slightly higher. Market conditions are stable, although a slight increase in costs is expected. The market demand is high, with expectations for the production of larger amounts.

Rosemary Essential Oil – ct Cineole (Tunisia)

Also steam distilled from the Rosmarinus officinalis plant, the Tunisian Rosemary similar characteristics as its Hungarian counterpart. While both varieties possess a strong, fresh aromas suitable for a top note, the Rosemary of Tunisia emits a cooler, woody, and herbal scent profile. The harvesting period occurs annually between April and the end of June. As a wild plant, Tunisian Rosemary does not adhere to specific growing conditions and does not require extensive cultivation by gardeners. This year's projected harvest yield is 10% less than last year's. Currently, there is a very high demand for Rosemary Essential Oil, however, the production quantity will be unable to satisfy the demand. Tunisian Rosemary grows best in forest soil types and requires 150 milliliters or more annual rain between October and February, as well as medium sunlight between March and the end of June.

Ravintsara Essential Oil

Native to the highland of Madagascar, the Cinnamomum camphora (Ravintsara) harvests between November and May annually. This crop thrives in tropical climate conditions and requires the lateritic highland soil type. Ravintsara Essential Oil has a cool, woodsy, and green scent profile that is slightly reminiscent of Eucalyptus, making it an optimal top note.

This year's projected harvest yield for Ravintsara oil depends on the market demand, but it is expected to be the same as last year. Compared to last year, there are no major changes in the market demand and the competition is moderate in terms of market conditions.

Ridge Gourd Seed Carrier Oil

The Luffa acutangular (Ridge Gourd) is a fleshy, ridge vegetable native to the coasts of India. With tough skin and a fibrous core, the Ridge Gourd thrives in warm, humid climates and can grow between 38 and 44 cm (15 to 17 inches) long. While the crop can grow in any type of soil, it grows best in loam, clay loam, and silt soils that is properly drained.

Prior to harvesting, Ridge Gourd requires 100 to 180 frost-free days. For fast germination, it is best to plant seeds in well-drained, humus-rich soil and for crops to get at least 6 to 8 hours of sunlight daily. The average Ridge Gourd contains 150-200 seeds, which are made up of 34% oil. Projected harvest yield is expected to reach 2000 kg/ha.

Due to this Carrier Oil's antioxidant and anti-inflammatory properties, Ridge Gourd is gaining widespread recognition, which in turn is increasing the demand.

Almond Carrier Oil

Rich in protein, Vitamin D, and Olein Glyceride Linoleic Acid, Almond Oil is equally as desirable for hair and skin as the nut is for a snack. Originating in Spain, the Prunus dulcis grows best in a Mediterranean climate. American Almonds are grown in California, but these nuts are also grown in Australia and Italy where the winters are cool, and the summers are warm. Almond trees bloom in an approximately two-month period between early February and mid-March. Although this year's bloom season began with favorable weather conditions, February had a few nights with freezing temperatures, causing some damage to the crops. The damage caused by the freeze is still being analyzed, although some sort of negative effect on the crop is expected. The drought is an ongoing concern amongst the State of California and the Almond industry, many growers are reaping 0% of anticipated water allocations.

The 2021 harvest yield for Almond Oil is still being finalized, but it is predicted to reach 2.9 billion pounds, which is a decrease from 2020's crop size of 3.1 billion pounds. The projected yield harvest for 2022 will be released in May, although early predictions suggest that it will be around the same amount as 2021 (2.9 billion). The February freeze is expected to have an impact on the overall harvest yield. The global demand for Almonds is high and the market is currently stable. However, Almonds are already expensive, and supply chain issues and port backlogs pose a potential increase in price if the demand is not met.



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