Scented Oil Market Revenue Predicted to Go Up by 2027

Scented oil is basically an essential oil which has natural contents as these oils are extracted from fruits and plants or with the help of other sources. Scented oils have fragrances however that is not it’s only characteristic and is mainly used for therapeutic applications. Some of the scented oils include lavender, peppermint, clove, cardamom and frankincense. All the scented oils give different therapeutic effect. For instance, lavender scented oil reduce anxiety, depression and panic attacks, while peppermint scented oil is used for vertigo and headache. Frankincense scented oils help in giving relief from bronchitis, asthma and coughing. In short scented oils are not artificially created but are of natural origin.

Scented Oil- Drivers

Increasing demand for natural products and rising disposable income are some of the significant factors which are fuelling the growth of scented oil market. Scented oil improves immunity and speedily recovers illness. Various companies across the globe are improving their product line thus introducing new products along with improvement in quality. Apart from health benefits, scented oils are also used for better aroma. Some of the scented oils such as lavender, orange, and peppermint can be used as aromatherapy. During inhalation these oils are absorbed into blood stream. Aromatic use is safer and effective than internal use. All these factors are fuelling the growth of scented oil market across the globe.

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Scented Oil- Restraints

Certain scented oils can make skin more sensitive to sunlight. Photosensitizing scented oils such as lime, orange, grapefruit and lemon are some of the scented oils which make the skin sensitive which can cause sunburn. Although herbal in nature, all scented oils are not safe especially during nursing or pregnancy. Besides, many scented oils can have negative effects on hormones and thus create hormonal imbalance. Scented oils cannot be used on pets. Pets have extra sensitive noses and scented oils can be toxic for them. Scented oils are an expensive affair and not everyone can afford to buy them. These factors are creating negative impact on the growth of scented oil market.

Scented Oil- Regional Outlook

Europe is expected to hold largest market share in the scented oil market. This growth is attributed to the massive demand for natural products for personal care and food and beverages in the region. Asia Pacific region is also expected to grow at a highest Compound Annual Growth Rate between assessed periods. This growth is attributed to increasing demand for natural ingredients such as spearmint and peppermint. Increasing awareness and rising purchasing power is fuelling the demand for scented oil in various applications for instance healthcare, food and beverages and aromatherapy.

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Scented Oil- Key Players

Sensient, Symrise, Robertet SA, Givaudan SA, Frutarom Industries Ltd., Koninklijke DSM N.V., Firmenich Sam, Cargill, The Lebermuth Company, Inc., Rocky Mountain Oils LLC., International Flavors & Fragrances Inc., Young Living Essential Oils, Mane, and E. I. Du Pont De Nemours and Company are some of the significant companies across the globe that are functioning in the scented oil market.

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This release was published on openPR.