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2022 Essential Oils Market Key Manufacturer, Industry Revenue And Gross Profit Till 2031
Essential Oils Market
https://www.thebusinessresearchcompany.com/opportunities-and-strategies-reports
The global essential oil market report by the business research company the growing spa industry across the globe to be a major growth driver for the essential oil market. Essential oils are used in aromatherapy, a form of alternative medicine to support health and well-being. Consumer preference is increasing for natural and organic oil products all around the globe. For instance, according to the Global Wellness Institute, in 2020 there were over 1,60,000 spas, earning $68 billion in revenue globally. Spa revenue was growing by 8.7% annually prior to 2020. Therefore, the increasing spa industry across the globe is driving the growth of the essential oils market
The global essential oils market is expected to grow from $12.36 billion in 2021 to $13.58 billion in 2022 at a compound annual growth rate (CAGR) of 9.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The essential oils market is expected to grow to $21.85 billion in 2026 at a CAGR of 12.62%.
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North America was the largest region in the essential oils market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the essential oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the essential oil market are Givaudan SA, Young Living Essential Oils, The Lebermuth Company Inc., Symrise, Essential Oils of New Zealand, International Flavors & Fragrances Inc, Robertet SA, BIOLANDES SAS, Cargill Inc, DuPont, Koninklijke DSM N.V., dôTERRA International LLC, Sensient Technologies Corporation, Firmenich SA, Mane, Rocky Mountain Oils LLC, Falcon, Farroti, Indian Essential Oils
The global essential oils market is segmented -
1) By Type: Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil
2) By Method of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Others
3) By Application: Food & Beverage, Aromatherapy, Cosmetics & Toiletries, Pharmaceuticals, Cleaning & Home Care, Animal Feed, Fragrances
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The Essential oil market Report Contents Include
1. Executive Summary
2. Essential Oils Market Characteristics
3. Essential Oils Market Trends And Strategies
4. Essential Oils Market - Macro Economic Scenario
5. Essential Oils Market Size And Growth
......
26. Africa Essential Oils Market
27. Essential Oils Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Essential Oils Market
29. Essential Oils Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the essential oil market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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