What's driving the Essential Oils Market Growth? Prominent Players: Biolandes SAS, Givaudan International SA, International Flavors & Fragrances Inc., Symrise AG and more
List of best companies that are operating in the global essential oils market are;
o Biolandes SAS
o Givaudan International SA
o International Flavors & Fragrances Inc.
o Symrise AG
o Enio Bonchev Production Ltd.
o The Lebermuth Company, Inc.
o Now Foods
o Phoenix Aromas & Essential Oils LLC
o Ultra International B.V.
o Young Living Essential Oils
The global essential oils market size is projected to reach USD 14.6 billion by the end of 2026. According to a report by Fortune Business Insights(TM), titled "Essential Oils Market Size, Share and Industry Analysis by Type (Citrus, Eucalyptus, Lavender, Rosemary, Tea Tree, and Others), Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others), and Regional Forecast 2019-2026," the market was worth 7.03 billion in 2018 and will exhibit a CAGR of 9.65% in the forecast period 2019-2026.
To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here:
The report focuses on key aspects of the market and stresses on the importance of several factors on the Essential Oils Market in recent years. The competitive landscape has been discussed in detail and future predictions have been made with respect to recent performances. It provides a detailed analysis of key aspects of the market, with primary focus on factors such as major companies and leading products. The data included in this report is obtained through trusted sources. Information is gathered through opinions of world leaders and interviews of experienced market research professionals.
Increasing Number of Product Launches to Aid Market Growth
The report encompasses several factors that have constituted an increase in the global Essential Oils Market size in recent years. Driven by the high demand for essential oils, companies are introducing newer products. In July 2019, doTERRA announced the launch of its custom-designed label that provides for its essential oils bottles.
The company aims to provide a clear understanding of the ingredients in the Essential Oils Market to its users. This will help streamline the products and maintain the clean-line trend for the company. In November 2018, Young Living Essential Oils extended its product offerings in South East Asia. The report includes product launches, similar to these and gauges the impact of these products on the global market.
North America and Europe Are Leading the Market
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North Amerca and Europe are currently dominating the market. The growing incorporation of essential oils in cosmetic products by major companies across the world. The increasing demand for aromatherapy in European countries such as Germany, France, and UK will aid the growth of the market in this region.
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Major Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.3. Production, Trade and Consumption Patterns of Essential Oils - Analysis and Forecast
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/queries/essential-oils-market-101063
Key Industry Developments:
November 2018: Young Essential Oils announced the launch of a range of essential oils in the South East Asian market. The company plans to expand in the Phillipines.
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