Essential Oil Market growth prospects with challenges, comprehensive evaluation, analysis of regional trends, key players Biolandes, doTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils

Essential oils are the volatile aromatic oils plant extracts, originating from flowers, seeds, stem, bark, leaves, and roots. These oils as they represent the flavor and aroma of the plant from which they are extracted. Essential oils are also known as ethereal oils, volatile oils or aetherolea, and are extracted through several processes such as distillation. These oils are used as aromatic and flavoring agents, as they contain several organic compounds such as terpenes, phenols, alcohols, aldehydes, ketones, lactones, coumarins, esters, and ethers. Therapeutic properties of essential oils depend upon the plant it is extracted from. For instance, citronella oil has antidepressant, antispasmodic, antiseptic, antibacterial, and anti-inflammatory properties, whereas lemon oil has antiviral, disinfectant, bactericidal, hemostatic, astringent, febrifuge, and antiseptic properties.

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The market in Asia Pacific is projected to witness significant growth, owing to increasing demand for natural oil-based products and growing disposable income among the populace. The growing in the food and beverages, and healthcare industries in China and India, as well as increasing inclination towards aromatherapy are fueling growth of the essential oil market in the region. According to India Brand Equity Foundation (IBEF)—trust established by the Department of Commerce, Ministry of Commerce and Industry—the fast moving consumer goods (FMCG) sector in India is expected to reach US$ 103.7 billion by 2020.

Europe holds a dominant position in the essential oil market, owing to increasing demand for natural beauty products and cosmetics, medicines, and nutraceuticals in the region. The increasing health

Key Players in the Global Essential Oil market

Key players in the essential oil market are adopting inorganic approaches to retain their foothold in the global market. Some key players operating in the essential oil market are Biolandes, doTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Rocky Mountain Oils LLC, Co. Pty Ltd, The Lebermuth Company, West India Species, Inc., and Young Living Essential Oils.

Essential Oil Market Taxonomy

On the basis of extraction technique, the global essential oil market is segmented into:

Solvent Extraction
Expressed Oils
Distillation
Enfleurage
Carbon Dioxide Extraction
Others

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