Asia-Pacific Essential Oils Market, By Type (Singles, Blends), Products (Lavender Oil, Lemon Oil, Orange Oil, Frankincense, Chamomile Oil, Lime Oil, Rosemary, Tea Tree, Patchouli Oil, Lavandin Oil, Lemongrass Oil, Citronella Oil, Balsam, Bergamot, Mandarine Oil, Eucalyptus Oil, Clove Oil, Cedarwood Oil, Coriander Oil, Basil Oil, Cornmint Oil, Peppermint Oil, Spearmint Oil, Litsea Cubeba Oil, Others), Application (Spa & Relaxation, Cleaning & Home, Food & Beverages, Medical, Others), Extraction Method (Distillation, Cold Press Extraction, Carbon Dioxide Extraction, Solvent Extraction, Others), Distribution Channel (Direct, Retail), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2028.
The essential oils market is expected to witness market growth at a rate of 8.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on essential oils market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in food and beverage sector globally is escalating the growth of essential oils market.
Essential oils are defined as the type of oil that is used for the aromatherapy that is a form of the medical alternative. The oil contains ethereal oil or volatile oil possessing aroma similar to the plants. These oils are obtained from various herbs such as lemon, peppermint, orange, eucalyptus, and corn mint. They are extracted from the seeds, fruits, leaves, roots, flowers, and leaves among others.
The rise in demand for aromatherapy across the region acts as one of the major factors driving the growth of essential oils market. The increase in demand for organic products among consumers, and rise in demand from major end-use industries, such as food and beverage, personal care and cosmetics, and aromatherapy accelerate the market growth. The implementation of regulations favoring the use of environmentally friendly ingredients in cosmetics and the food and beverage, and wide range of applications in household cleaning, soap, perfumes, and cosmetics because of their antibiotic and antiseptic properties further influence the market. Additionally, change in consumer lifestyle, rise in demand essential oils for various purposes such as for enhancing air freshness at home and surge in disposable income positively affect the essential oils market. Furthermore, rise in demand for natural ingredients extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, prevalence of synthetic/adulterated products and concerns regarding side-effects associated with certain essential oils are expected to obstruct the market growth. Depletion of natural resources is projected to challenge the essential oils market in the forecast period of 2021 to 2028.
This essential oils market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on essential oils market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Essential Oils Market Scope and Market Size
The essential oils market is segmented on the basis of type, products, application, extraction method, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the essential oils market is segmented into singles and blends.
- On the basis of products, the essential oils market is segmented into lavender oil, lemon oil, orange oil, frankincense, chamomile oil, lime oil, rosemary, tea tree, patchouli oil, lavandin oil, lemongrass oil, citronella oil, balsam, bergamot, mandarine oil, eucalyptus oil, clove oil, cedarwood oil, coriander oil, basil oil, cornmint oil, peppermint oil, spearmint oil, litsea cubeba oil, and others.
- On the basis of application, the essential oils market is segmented into spa & relaxation, cleaning & home, food & beverages, medical, others. The spa & relaxation segment is sub-segmented into aromatherapy, personal care, and massage oil. The personal care segment is sub-segmented into fragrances, and cosmetics.
- On the basis of extraction method, the essential oils market is segmented into distillation, cold press extraction, carbon dioxide extraction, solvent extraction, and others.
- On the basis of distribution channel, the essential oils market is segmented into direct, retail. The retail segment is sub-segmented into supermarket/hypermarket, and online retailing.
Asia-Pacific Essential Oils Market Country Level Analysis
The essential oils market is analyzed and market size insights and trends are provided by country, type, products, application, extraction method, and distribution channel as referenced above.
The countries covered in the Asia-Pacific essential oils market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the Asia-Pacific essential oils market owning to the technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Essential Oils Market Share Analysis
The essential oils market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to essential oils market.
The major players covered in the essential oils market report are H. REYNAUD & FILS, Lebermuth, Inc., doterra, FAROTTI SRL, FLAVEX Naturextrakte GmbH, Ungerer Limited, Cargill Incorporated, Dupont, Young Living Essential Oils, Rocky Mountain Oils, LLC, Robertet SA, Givaudan, Moksha, Sensient Technologies Corporation, the Sydney Essential Oil Co., Edens Garden, Essential Oils of New Zealand Ltd., and Royal DSM, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.