openPR Logo
Press release

Global Lavender Oil Market to Surpass US$ 124 Mn By 2024-End

In its report titled, "Lavender Oil Market: Global Industry Analysis and Forecast, 2016-2024" Persistence Market Insights reveals that more than US$ 76 Mn worth lavender oil was consumed worldwide in 2016. The lavender market, particularly in Europe will remain highly lucrative in 2017 and beyond owing to the increasing consumer preference for natural plant derived lavender oil products in the region. Meanwhile, personal care products account for a bulk of the overall demand for lavender globally.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/15187

Medicinal Properties of Lavender Oil Boosting its Popularity amongst Consumers

Consumers both in developed and developing countries are spending more on organic essential oil products including lavender oil owing to their health benefits. Lavender oil is considered to have unique properties that are beneficial for the skin, hence, used in various skincare products. Over the years, application of lavender extract, oil and essence in food and beverage products has also increased to a substantial level. Lavender oil application in food and beverage products is expected to create an absolute $ opportunity of US$ 7.65 Mn between 2016 and 2024.

Despite the increasing popularity of substituent products such as the lavendin, players operating in the market remain focused on introducing newer lavender oil products. Moreover, development of advanced product formulations methods, especially for personal care products is anticipated to stimulate the market growth.

Additional Highlights from the Report Include

According to PMR's report, global lavender oil market is expected to reach US$ 124.2 Mn, reflecting a CAGR of 6.2% between 2016 and 2024.
Owing to increasing inclination of consumers towards single oils of high quality and high purity, demand for absolutes and concentrates of lavender oil is likely to surge during the forecast period. In 2016, lavender concentrates accounted for a staggering 49.0% revenue share of the market.
Lavender oil will continue to find robust application is personal care products during the forecast period. By the end of 2024, personal care products will contribute nearly US$ 45.1 Mn to the global lavender market.

Download TOC, list of figures & tables@https://www.persistencemarketresearch.com/market-research/lavender-oil-market/toc

In addition to Europe, North America and APAC will remain as the other two leading markets for lavender oil. Owing to the presence of prominent manufacturers and suppliers of lavender oil in North America, the region's market is expected to witness a steady growth during the assessment period. The market in APAC is expected to be driven by the growing demand for lavender oil products in emerging countries such as China and India.

Competitive Landscape

Some of the key players in the global lavender oil market include doTERRA International, LLC, Young living essential oils LC, Takasago International corporation, International Flavours & Fragrances Inc., Aromaland Inc., Symrise AG, Givaudan SA, Firmenich S A, Rocky Mountain Soap Co., and China Flavors and Fragrances Company Limited. To strengthen their market position, many of these companies are going into strategic alliances and also concentrating on further technological advancements to improve product line.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/15187

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Lavender Oil Market to Surpass US$ 124 Mn By 2024-End here

News-ID: 2585110 • Views:

More Releases from Persistence Market Research

Liquid Ring Vacuum Pump Market Innovations, Efficiency, and Emerging Trends Powering Industrial Vacuum Solutions
Liquid Ring Vacuum Pump Market Innovations, Efficiency, and Emerging Trends Powe …
The liquid ring vacuum pump market is witnessing robust growth as industries increasingly seek efficient, reliable, and cost-effective vacuum solutions. Liquid ring vacuum pumps, known for their ability to handle wet and corrosive gases, are widely used in chemical processing, pharmaceuticals, pulp and paper, food and beverage, and power generation sectors. The global liquid ring vacuum pump market size is likely to be valued at US$ 1,371.6 Mn in 2025
Molecular Spectroscopy Market Driven by Expanding Applications Across Pharmaceuticals
Molecular Spectroscopy Market Driven by Expanding Applications Across Pharmaceut …
The global molecular spectroscopy market is projected to witness significant expansion over the next several years, with forecasts indicating a compound annual growth rate (CAGR) of 7.2% between 2023 and 2030. The market value is expected to rise from US$6.5 billion in 2023 to an estimated US$10.6 billion by the end of 2030, reflecting strong demand across diverse industrial applications. The historical performance from 2018 to 2022 highlights steady growth
High Speed Steel (HSS) Metal Cutting Tools Market Innovations, Precision Engineering, and Emerging Trends Driving Industrial Machining
High Speed Steel (HSS) Metal Cutting Tools Market Innovations, Precision Enginee …
The High Speed Steel (HSS) metal cutting tools market is witnessing significant growth due to the increasing demand for efficient, precise, and durable machining solutions across diverse industries. HSS tools, renowned for their exceptional hardness, heat resistance, and versatility, are widely used in metal cutting applications including drilling, milling, turning, and threading. The global high speed steel (HSS) metal cutting tools market size is likely to be valued at US$
Medical Automation Market Expands as AI, Robotics, and IoT Drive Smarter Healthcare Systems
Medical Automation Market Expands as AI, Robotics, and IoT Drive Smarter Healthc …
The global medical automation market is poised for significant growth over the next decade, with projections indicating an expansion from US$48.7 billion in 2023 to US$84 billion by 2030, representing a robust compound annual growth rate (CAGR) of 8.1%. This growth trajectory reflects the increasing adoption of advanced automation technologies across healthcare facilities worldwide, driven by the rising demand for operational efficiency, precision in diagnostics, and enhanced patient care. Get a

All 5 Releases


More Releases for Lavender

Lavender Processed Products Market 2023 Top Key Players - P&G, Unilever, Colgate …
Lavender Processed Products Market This research report provides a comprehensive analysis of the Lavender Processed Products market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Lavender Processed Products market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Lavender Processed Products, challenges faced by the industry, and potential opportunities for market players. The
Global Lavender Essential Oil Extract Market
Market Research Mentor Data has launched a research report on the Global Lavender Essential Oil Extract Market that predicts future market trends and current market trends. It includes analytic data of the lavender essential oil extract Market about growth rate, size, market trends, profitability, manufacturers, applications, historical data, popular regions, etc. The valuable detailed research report created by skilled industry experts, who are experienced in this research industry. This report
Lavender Oil Market Global Demand-Mature Europe lavender oil market should show …
In its report titled, “Lavender Oil Market: Global Industry Analysis and Forecast, 2016–2024” Persistence Market Insights (PMR) reveals that more than US$ 76 Mn worth lavender oil was consumed worldwide in 2016. The lavender market, particularly in Europe will remain highly lucrative in 2017 and beyond owing to the increasing consumer preference for natural plant derived lavender oil products in the region. Meanwhile, personal care products account for a bulk
Global Lavender Essential Oil Market Research Report 2017
Qyresearchreports include new market research report "Global Lavender Essential Oil Market Research Report 2017" to its huge collection of research reports. The Lavender Essential Oil from the point of view of all its present patterns that are impacting it, is essential to comprehend so as to acquire the most adjusted answer for business procedures in it. These patterns are financial, topographical, monetary, political, buyer, and social, and their general impact on
Global Lavender Essential Oil Market Research Report 2017
Summary This report studies Lavender Essential Oil in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Frei AFU AA SKINCARE CAMENAE NextBox Pretty Valley The Body Shop Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Lavender Essential Oil in these regions,
Global Lavender Oil Market Professional Survey Report 2016
This report mainly covers the following FALSE Segment regions including (the separated region report can also be offered) North America Europe Japan China Southeast Asia India The players list (Partly, Players you are interested in can also be added) Shirley price Bay House Florial/Florihana Oshadhi Jurlique Alexander Essentials Argital Escents PrettyVally Green Valley In Essence L’occitane Norfolk Natural Touch Browse Complete Report Summary with TOC: http://www.reportbazzar.com/product/global-lavender-oil-market-professional-survey-report-2016/ Neals Yard Remedies(NYR) Perfect Potion Old Tree Quinessence Edens Garden AFU NOW Foods Aveda Puritan’s Pride Aura Cacia(Frontier) Mountain Rose Herbs Piping Rock Radha Beauty Aqua Oleum Meadows Camden-Grey Essentialwholesale Anatolian Treasures Aroma Land Base Formula Pure Destiny Young Living Somatherapy Gaiagarden Camenae Herborist With 40 top producers. Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=603125&ptitle=Global+Lavender+Oil+Market+Professional+Survey+Report+2016&req=Sample Data including (both global