OPOPONAX EXTRACT RESINOID MARKET ANALYSIS

Regional Analysis

Global Opoponax Extract Resinoid Market Regional Analysis

On the basis of region, the global opoponax extract resinoid market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In North America, the opoponax extract resinoid market is expected to witness significant growth due to increasing prevalence of anxiety in individuals, which is expected to increase demand for opoponax essential oil in aromatherapy treatment. For instance, according to US National library of Medicine report published in 2019, in 2018, around 15-16% of individuals above the age of 50 were suffering from anxiety in the U.S.

In Europe, the global opoponax extract resinoid market is expected to witness significant growth over the forecast period, owing to rising prevalence of bacterial and viral infection associated diseases such as chronic cough and persistent cough. For instance, according to US National Library of Medicine report published in 2019, in 2019, around 12% of the European population was suffering from chronic cough and persistent cough caused due to viral infections and bacterial infections.