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Essential Oil Market Size, Share | Industry Report 2024
Essential Oil Market
Industry at a Glance
Rising preference for natural & organic products in food & beverages and cosmetics is anticipated to remain the key driving factor for market growth over the forecast period. The demand for innovative as well as traditional flavors & fragrances in food & beverages and personal care is exceeding at a brisk pace and is anticipated to bolster industry growth. Essential oils are primarily derived from leaves, barks, stems, roots and flowers. These oils are majorly distilled by steam distillation, however, other processes such as expression or solvent extraction can also be deployed.
Increasing per capita disposable income coupled with rising awareness among consumers regarding their benefits is projected to fuel demand over the next seven years. Recent developments in the area of aromatherapy have opened up new avenues for growth and are slated to impact growth positively. They are also widely used in medical industry as food supplements that support good health. Moreover, few of the essential oils are also being seemingly used as feedstock for the chemical industry. Organizations such as European Federation of Essential Oils (EFEO) and International Fragrance Organization are working to ensure innovation, R&D and promote the production of essential oils efficiently.
Click the link below to view the report description:
www.ameriresearch.com/product/essential-oil-market-size/
Key findings from the study: -
• The supply scenario in the essential oil market is highly volatile in terms of both volume and prices.
• Spa & relaxation application segment is expected to grow at a steady CAGR due to the acceptance of aromatherapy, which utilizes essential oils and other aromatic compounds for their therapeutic effects, and has generated wide demand for high-quality oils.
• Key industry participants operating the global essential oil market include Farroti Srl, Essential Oils of New Zealand, West India Spices Inc., Sydney Essential Oil & Co., The Lebermuth Company Inc., Moksha Lifestyle Products, India Essential Oils, Ungerer Limited, Young Living Essential Oils, and Rocky Mountain Essential Oils.
Ameri Research has segmented the Essential Oil Market by material categories, product type, end-use and region:
Market Segmentation:
• Essential Oil Market by Product (Volume, Tons; Revenue, USD Million)
• Orange Oil
• Citronella Oil
• Corn Mint Oil
• Lemon Oil
• Lime Oil
• Clover Leaf Oil
• Peppermint Oil
• Eucalyptus Oil
• Spearmint Oil
• Others
• Essential Oil Market by Application (Volume, Tons; Revenue, USD Million)
• Food & Beverages
• Medical
• Spa & Relaxation
• Cleaning & Home
• Others
• Essential Oil Market by Region (Volume, Tons; Revenue, USD Million)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa (MEA)
• Saudi Arabia
• UAE
Browse Full Report @ www.ameriresearch.com/product/essential-oil-market-size/
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Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-
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