The Essential Oils Market is expected to grow globally with an estimated CAGR of 8.8% to reach USD 527.38 Kilotons by 2028. Growing inclination of consumers towards natural and organic products, pharmaceutical and medical applications and rising awareness regarding health benefits of naturally sourced oil are some of the main market drivers of this market.
Key Market Competitors: Global Essential Oils Market
The major players in Essential Oils Market are doTERRA, Young Living Essential Oils, Essential Oils of New Zealand Ltd., Lebermuth, Inc., NOW Foods, India Essential Oils., Flavex Naturextrakte GmbH, Ungerer & Company, Inc., West India Spices Inc., MOKSHA., H.Reynaude & Fils, Rocky Mountain Oils, LLC
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The market research data involved in this market report is evaluated using market statistical and coherent models. The key research methodology used throughout this report by RFM research team is data triangulation which takes into account data mining, analysis of the impact of data variables on the market, and primary validation. This Essential Oils market report also provides insights about market share analysis and key trend analysis. It is a completely informative and proficient report that highlights primary and secondary market drivers, market share, leading segments and geographical analysis. Utilization of integrated approaches combined with most up-to-date technology for building this Essential Oils report makes it unrivalled.
A major driver of market growth is consumer preference for natural and organic products in cosmetics, food, or other similar product categories. This, in turn, led manufacturers operating in such industries to develop products containing natural additives. Thus, the use of essential oils in the above mentioned industries has increased; factors such as increased disposable income and improved quality of life in emerging economies have complemented market growth.
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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.
FROM TABLE OF CONTENTS
1 Study Coverage
2 Executive Summaries
3 Market Size by Manufacturers
4 Essential Oils Production by Regions
5 Essential Oils Consumption by Regions
6 Market Size by Type
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Value Chain and Sales Channels Analysis
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Main Aspects covered in the Report
- Overview of the Essential Oils market including production, consumption, status & forecast and market growth
- 2015-2018 historical data and 2019-2028 market forecast
- Geographical analysis including major countries
- Overview the product type market including development
- Overview the end-user market including development
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