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Scented Oil Market – Insights On Challenges & Opportunities by 2027 | Key Players - I. Du Pont De Nemours and Company, Frutarom Industries Ltd., Young Living Essential Oils, Rocky Mountain Oils LLC., Sensient Technologies Corporation, Firmenich Sam, Int
Scented oils, also known as fragrance oils or ethereal oils, commonly extracted from plant sources, such as leaves, flowers, stems, roots, or blossoms. A wide range of plants, including lemon, cinnamon, orange, mint, spearmint, and eucalyptus, are considered a major source for obtaining various types of scented oils.
Scented oils contain embodiment of the plant source that was used to extract the oils along with various scent mixes that give scented oils the fragrant characteristics. Manufacturers in the scented oil market advanced technologies to improve the efficiency of refining techniques and thereby, enhance productivity of their businesses.
A majority of types of scented oil contain natural compounds that are extracted from the plant source, which gives it unique and peculiar performance characteristics. Owing to the high percentage of natural contents in scented oils, they are vastly used in therapeutic applications, such as aromatherapy. With growing awareness about and demand for natural scented oils, manufacturers in the scented oil market are making available a wide range of product types and other varieties of scented oil for various applications.
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Scented Oil Market Dynamics
The scented oil market is expected to gain momentum with the widening range of applications of scented oils in a variety of end-use segments. Owing to its natural ingredients and therapeutic properties, scented oils are used in a variety of applications such as aromatherapy, spa & relaxation, food & beverages, personal care products, toiletries, medicines, pharmaceuticals, and cosmetic products. The scented oil market is witnessing positive growth with ever-growing demand for scented oils in broad-ranging industrial applications.
Other factor to boost growth of the scented oil market is that scented oils have no detrimental or hazardous effects on the human health. Growing demand for natural and organic personal care products is boosting consumption of scented oils in different industrial verticals such as personal care, cosmetics, and fragrances & perfumes. Rapidly escalating demand and consumption of scented oils as a natural ingredient in personal care products is expected to provide an impetus to growth of the scented oil market.
Scented Oil Market: Competitive Landscape
With the ever-growing demand for scented oil, the competitive environment in the scented oil market has become more intense in the recent years. A mounting number of new entrants in the scented oil market is encouraging scented oil market leaders to adopt innovative strategies to differentiate their product range and maintain an edge in the scented oil market.
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Leading manufacturers in the scented oil market are focusing their efforts on adopting innovative and next-generation technologies to develop innovative types of scented oils. For example, Symrise – a German leading player in the scented oil market – recently established a partnership with IBM Research, the industrial R&D division of IBM, to develop digital fragrance models with the help of the artificial intelligence (AI) technology.
Another player in the scented oil market – Robertet SA recently partnered with Ashland Global Specialty Chemicals Inc., an American chemical company, for fragrance and encapsulate technology, which can enable the company to improve the delivery, longevity, and release of various products, including scented oil.
With the incorporation of advanced technologies, leading players in the scented oil market are aiming to establish a stronger foothold and continue to dominate the market in the upcoming years.
Other leading players in the scented oil market that are featured in the report are:
I. Du Pont De Nemours and Company
Frutarom Industries Ltd.
Young Living Essential Oils
Rocky Mountain Oils LLC.
Sensient Technologies Corporation
Firmenich Sam
International Flavors & Fragrances Inc.
Koninklijke DSM N.V.
Mane SA
The Lebermuth Company, Inc.
Symrise
Robertet SA
Scented Oil Market: Regional Outlook
Increasing disposable income and continuously rising standard of living of consumers in developing countries is burgeoning the adoption of scented oils in various industrial applications, especially in the personal care products industry. Furthermore, a significant rise in discretionary spending on leisure activities such as spa, massages, and aromatherapy for relaxation, is bolstering the use of scented oil in developing countries in the Asia Pacific region, including India, China, Thailand, and Indonesia.
North America is likely to hold a significant share in growth of the scented oil market as production and exports of scented oil and essential oils from the region have increased substantially over the past few years. Furthermore, European countries play a pivotal role in the development of the scented oil market as they are the leading importers of scented oils, which is driven by the increasing industrial growth of the end-use applications of scented oils in the region.
Scented oil market research report offers detailed analysis of the market as well as consists of thoughtful facts and insights along with historical data, which holds market data that is industry-evaluated and statistically backed up. The report comprises of projections that are generated with the help of suitable methodologies and a set of hypotheses. In addition, the research report delivers information and study based on market classifications such as industry, end-use and region.
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