Essential Oils Market Capital Outlook, Share Analysis and Pandemic Huge Demand Forecast 2021-2028

The global essential oils market size is predicted to reach over USD 19 billion by 2028. Essential oils have recently gained popularity with expanding applications across the food and beverage industry, cosmetics and beauty, personal care and aromatherapy. Vast ranging health benefits attributed by the use of essential oils are growing the market demand substantially primarily across pharmaceutical and medical applications.

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One major highlight of utilization of essential oils as a part of regular routine is that these compounds do not particularly project any side effects unlike the conventional pharmaceutical counterpart which is the most significant reasons driving the market growth. Essential oils are also studied to have multiple beneficiary traits for external as well internal applications thus expanding its application.

Increasing geriatric population coupled with the growing prevalence of health problems such as cardiovascular disease, Alzheimer’s, bronchitis and aging associated problems are enhancing consistent demand for the application of essential oil in aromatherapy encouraging the growth of market during forecast period. Growing lifestyle trends and changing consumer behaviour seeking for organic products is another factor for the rising demand of essential oils. Further strengthening regulations spreading awareness and showcasing the importance of naturally occurring, environmentally friendly ingredients in the cosmetics and beauty industry is shifting customer preference for sustainable and natural products highlighting the advantages of utilization of essential oils.

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The food and beverage industry has also witnessed revolutionary changes in product development and formation focused on developing products with natural ingredients and promoting them. There has been a sudden rise in demand for 100% plant-based oils also promoting plants-based cosmetics and food products eliminating the use of synthetic fragrances and chemicals also any animal-derived components. The nutrition industry has also seen a growing demand in plant-based nutrition products. Therefore, the current market scenario observes majority of population inclined towards organic and plant-based products with trending healthy lifestyle trends encouraging the essential oils industry growth.

Consumers have discovered multiple means of gaining the health benefits of essential oils for instance, many customers utilise essential oils for maintain fresh air in their surrounding by adding a small amount of essential oil in aroma diffusers and aroma pots acting as a humidifier. Essential oils are also popularly sued in aroma bath products or directly added to water for their calming and relaxing properties. Essential oils are extensively used for making homemade cosmetic and personal care products promoting their repairing and soothing capabilities. Extensive commercial as well as at home use of essential oils is augmenting the market growth.

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Table of Content

Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Essential Oils Market by Product Type
Chapter 6 Essential Oils Market by Method of Extraction
Chapter 7 Essential Oils Market by End User
Chapter 8 Essential Oils Market by Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles

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