Essential Oils Market Size and Growth Factors Research and Projection 2021-2031 | Cargill Inc., DuPont, Givaudan SA, Sensient Technologies Corporation

New York, According to a new market research report published by Global Insight Services Essential Oils Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An essential oil is a liquid obtained by distilling the plant's stems, leaves, seeds, roots, or blossoms. Lavender, tea tree, orange, lemon, peppermint, wild mint, and other essential oils are often utilized. Antibacterial, antiviral, antifungal, and antimicrobial properties are all present in these oils. They easily bypass the digestive system, making them advantageous to persons who have difficulty digesting or assimilating food. Essential oils are also highly oxygenating, making them excellent for newborns who are unable to take pills or capsules.

Manufacturers have been obliged to move their attention from synthetic to natural products as consumer awareness of natural and organic personal care products, food and beverages has grown, which has functioned as one of the key influences influencing the global essential oils market.

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Increased demand from major end-use sectors such as food and beverage, personal care and cosmetics, and aromatherapy is likely to drive the market. Essential oils, unlike most conventional medications and chemicals, have no significant negative effects. Such product characteristics are expected to be the primary driver of market expansion.

COVID-19 Impact:

Food and beverage makers have been concerned about the need to prevent viral infections among consumers as a result of the pandemic. Viral infections have a negative impact on an individual's growth, intestinal health, and performance. Essential oils are highly concentrated oils used for flavor and smell.

The epidemic has heightened global awareness of the importance of boosting one's immune system, as well as expanding understanding of holistic treatment and the use of complementary and alternative medicine. Owing to these factors, sales of essential oils have received a boost due to pandemic.

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Key Trends and Drivers:

Aromatherapy is the practice of using essential oils for therapeutic and cosmetic purposes. Essential oils are widely utilized in aromatherapy because they benefit both physical and mental facilities of the body at the same time. Essential oil demand is projected to benefit from the growing aromatherapy business.
Manufacturers have been obliged to move their attention from synthetic to natural products as consumer awareness of natural and organic personal care products, food and beverages has grown, which has functioned as one of the key influences driving the growth global essential oils market.

Segmentation:

By Type

Citronella oil
Clove leaf oil
Eucalyptus oil
Geranium oil
Jasmine oil
Lavender oil
Lemon oil
Lime oil

Key Players:

Cargill Inc.
DuPont
Givaudan SA
Sensient Technologies Corporation
The Lebermuth Company Inc.
Firmenich SA
Sydney Essential Oil CO.
Moksha Lifestyle Products.
Reynaude & Fils
doTerra International

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Reasons to buy Essential Oils Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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