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What’s driving the Essential Oils Market Share in coming years? Top Manufacturers Frutarom, Firmnich, BioLandes, DoTerra, Flavex, Florihana
Essential Oils Market
Increasing consumption natural ingredients including orange, lemon, clove and eucalyptus as potential replacement for synthetic drugs along with growing alertness for benefits of these products are major factors for essential oils market growth.
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Key Profiles:
• Frutarom
• Firmnich
• BioLandes
• DoTerra
• Flacon Young Living
• Rock Mountain Moksha Lifestyle
• Flavex
• Florihana
• BO International
Growing market of natural health treatments including aromatherapy may escalate essential oils market by 2024. It provides healing remedy for insomnia, digestion problems and respiratory diseases which will foster industry growth.
China geranium oil market is projected to surpass USD 50 million by 2024. Geranium oil is widely used in aromatherapy owing to its health benefits. Its application as wrinkle reducer, muscle helper, infection fighter, skin enhancer and anti-inflammatory agent may propel essential oils market in forecast timeframe.
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U.S. essential oils market from pharmaceuticals applications may observe gains at over 8.5% in forecast timeframe. Essential oils and its volatile ingredients are used to avert and helps in treating diseases including cancer and cardiovascular diseases thrombosis & atherosclerosis, which may stimulate industry growth in projected timeframe. The product also has application in antioxidants, antiviral antidiabetic and antibacterial drug formulation along with usage as skin penetration enhancers for transdermal drug delivery will further propel product demand in the region.
Italy essential oils market from cosmetics & toiletries applications may witness gains of over 10.5% in the predicted timeframe, owing to upgraded lifestyles of the individuals and focus towards natural and safe ingredients which is positively affecting essential oils market. These oils are extensively used in hair care, skin care products as natural preservatives and for their therapeutic application including antiaging, dandruff and hair fall control. Wide product usage in perfumes & fragrances and shifting consumer preference towards sustainable ingredients which has multifunctional features will stimulate essential oils market growth.
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UK essential oils industry share from food and beverage application may surpass 5.5 kilo tons by 2024, owing to its extensive usage in food sector. Clove, rosemary, peppermint, lemon, orange, black pepper and cinnamon oil are extensively used in this sector for cookery and flavoring. Beneficial regulations by agencies including FDA concerning support for usage of the product in food & beverage industry will positively impact product demand. These products are also used as natural preservatives in food owing to their antimicrobial and antioxidant properties. Growing product usage for extending product shelf life along with mounting consumer consciousness about benefits of natural preservatives may boost industry growth.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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