Global 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 (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) – Industry Trends and Forecast to 2028.
The essential oils market is expected to be growing at a growth rate of 8.9% in the forecast period of 2021 to 2028 and will reach USD 16.0 million by 2028. Data Bridge Market Research analyses the factors responsible for fostering 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.
Essential oils area unit extremely targeted oils, that area unit extracted for his or her flavor and fragrance. They’re volatile aromatic compounds extracted from the leaves, stems, flowers, bark, roots, and alternative elements of a plant. They contain inhibitor, antimicrobial, and anti-infective properties, that area unit helpful in maintaining health.
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 localised 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.
Global Essential Oils Market Scope and Market Size
The essential oils market is segmented on the basis of products, application, extraction method and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of products, the 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, others.
- On the basis of application, the 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, cosmetics.
- On the basis of extraction method, the market is segmented into distillation, cold press extraction, carbon dioxide extraction, solvent extraction and others.
- On the basis of distribution channel, the market is segmented into direct, retail. The retail segment is sub-segmented into supermarket/hypermarket and online retailing
Essential Oils Market Country Level Analysis
The essential oils market is analysed and market size insights and trends are provided by country, products, application, extraction method and distribution channel as referenced above.
The countries covered in the essential oils market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific region dominate the essential oils market and will continue to excel its trend of dominance during the forecast period owing to the increased focus of the manufacturers on product innovations and increased expenditure for research and development proficiencies in regards to the incorporation of advanced technologies. North America is the fastest growing region in this forecast period owing to the rising popularity of brands, growing personal disposable income, growth and expansion of consumer electronics industry in this region, ever-rising population and rapid globalization, surge in the adoption of smart and soar powered commercial refrigerators, westernization and modernization are some major market growth determinants for this region
The country section of the essential oils market 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 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., dōTERRA, FAROTTI SRL, FLAVEX Naturextrakte GmbH, Ungerer & Company, Cargill Incorporated, Dupont, Young Living Essential Oils, Rocky Mountain Oils, LLC, Robertet SA, Givaudan, Sensient Technologies Corporation, the Sydney Essential Oil Co., Edens Garden, Essential Oils of New Zealand Ltd., DSM among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Essential Oils Market
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