Essential Oil Market Demand Analysis 2018-2027 by Global Market Players like BO International, Biolandess SAS, Sydney Essential Oil Co. & Others

Introduction to Essential oil Market Overview

Essential oils has aromatic compounds produced by plants. Essential oils are extracted from various plant sources such as leaves, flowers, bark, fruits and wood. Most of the essential oils are extracted from the steam distillation method. The essential oils have wide application in medicines and cosmetics products. The essential oils are used in personal care products such as shampoo, soaps and hair care. Additionally, essential oil are used in food industries for flavoring, aroma, preservatives and others.

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Market Size and Forecast

The global essential oil market is observing vibrant growth on account of increasing demand for personal care products. Additionally, increasing application of essential oil in food and pharmaceutical industry is projected to drive essential oil market.

According to International Trade Administration, the essential oil imports by Australia has increased to 40% from 2013 to 2015. Thus, essential oil market is anticipated to record a CAGR of 8.9% over the forecast period. The essential oil market is expected to reach a value of USD 15.4 million at the end of the forecast period.

Market Segmentation:
By Product Type, By Applications, By Regions, And By Top Key Players

Leading Companies of Global Market:
BO International, Biolandess SAS, Sydney Essential Oil Co., Young Living Essential Oils, Frutarom, Firmnich, DoTerra, Rock Mountain Moksha Lifestyle, Flavex, Florihana, Others.

Growth Drivers

Rapid economic development coupled with rising disposable income, thriving food industry is expected to boost the essential oil market in the developing regions. Additionally, increasing premium cuisine preferred by the high income population demand for the essential oils. This is expected to impact to have positive impact on essential oil market during the forecast period.

Essential oils are used for aromatherapy. The various health benefits owing to the medicinal properties facilitates the demand for essential oil. Moreover, rapid urbanization and rising disposable income in countries such as China and India is also increasing the demand for aromatherapies. This indirectly drives the market growth of the essential oil market during the forecast period.

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