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Essential Oil Market by Product, Application and Industry Analysis by 2022 : The Lebermuth Company, Essential Oils of New Zealand, H.Reynaude & Fils, Moksha Lifestyle Products, and West India Species, Inc, dTERRA International, Young Living Essential Oils
Essential Oil Market
Based on geography, Europe dominates the essential oil market, accounting for around 40% of the overall revenue in 2015. The region is expected to maintain its dominant position throughout the analysis period on account of the growing demand for natural cosmetic products, rising awareness and increasing adoption of innovative essential oil solutions in varied application sectors.
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Essential Oils Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $11.19 billion by 2022, registering a CAGR of 8.7% during the period 2016-2022. Europe is the dominant market and is expected to be the leading contributor to the global revenue throughout the analysis period, owing to the high adoption of essential oils in this region. In addition, Asia-Pacific region is expected to register the highest CAGR during the forecast period, owing to increasing demand for organic and natural beauty products in countries such as China and Japan, favorable government regulations and technological developments in production and extraction processes of essential oils.
Orange essential oil contributed the highest revenue in the global market in 2015, constituting around 22% of the overall market revenue. The segment is expected to remain the highest contributor by 2022, with a projected CAGR of around 11% from 2016 to 2022. From a growth perspective, the market for corn mint essential oil is expected to register the highest CAGR, due to its increasing global demand on account of its antibacterial properties and strong menthol aroma.
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The players operating in the essential oil market have adopted strategies such as acquisition & partnerships, innovative product launches, and expansion in new geographies to gain maximum market share. The key players profiled in this report are dTERRA International, Biolandes, Sydney Essential Oils Co. Pty Ltd, Young Living Essential Oils, Farotti SRL, The Lebermuth Company, Essential Oils of New Zealand, H.Reynaude & Fils, Moksha Lifestyle Products, and West India Species, Inc
ESSENTIAL OIL MARKET SEGMENTATION
By Product
•Orange
•Eucalyptus
•Corn mint
•Peppermint
•Citronella
•Lemon
•Lime
•Clover Leaf
•Spearmint
•Others (Cederwood, Lavandin, Litsea Cubeba & Lemongrass Oil, Coriander, Basil, Mandarine, Patchouli, Tea Tree Oil)
"Essential Oil Market:https://www.prnewswire.com/news-releases/essential-oil-market-is-estimated-to-reach-115-billion-by-2022---allied-market-research-601485105.html"
By Application
•Food & Beverages
•Medical
•Cleaning & Home
•Spa & Relaxation
•Others (Cosmetics, Paint, Petroleum, Textile, Paper & Printing, Perfumes & Fragrances, and Dental Preparation Industries)
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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