Press release
Essential Oils Market to Worth USD 17.6 Billion by 2027 | Industry CAGR of 9.4%
The global essential oils market reached a value of US$ 10.3 Billion in 2021. Essential oils are lubricants made from the roots, seeds, wood, stems, fruits, barks, leaves, flowers, etc., of plant species using carbon dioxide (CO2) extraction, steam distillation, and expression processes. They can be divided into various kinds, such as cedarwood, lavender, eucalyptus, lemongrass, rosemary, etc. Essential oils have unique fragrances and are mainly utilized in manufacturing perfumes, shampoos, soaps, cleaning gels, etc. They enhance the sensory properties of agricultural items, including food commodities and animal feeds, and have several therapeutic characteristics. As a result, essential oils find widespread applications across various sectors, such as healthcare, food and beverage (F&B), aromatherapy, cosmetics, etc.
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Market Trends
The increasing number of individuals diagnosed with dermatological, respiratory, and dental disorders across countries is among the primary factors driving the essential oils market. Besides this, the development of lubricants in several forms, including decongestants, carminative, expectorants, antibacterial, etc., is further augmenting the market growth. Apart from this, the escalating utilization of essential oils as repellents, chemical preservatives, edible film coatings, and odorants in detergents and paints is also catalyzing the global market. Moreover, the growing product popularity in promoting quality and safety of seafood, dairy, cereal-based items, processed fruits, vegetables, etc., on account of the rising need for extended shelf-life, is acting as another significant growth-inducing factor. Furthermore, the introduction of these lubricants as natural additives and flavoring agents in the conservation and preservation of food products is anticipated to bolster the essential oils market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2027, exhibiting a CAGR of 9.4% during 2022-2027.
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List of Key Companies Covered in this Market Report:
Biolandes
doTerra
Essential Oils of New Zealand Ltd.
Falcon Essential Oils
Farotti S.R.L.
FLAVEX Naturextrakte GmbH
Reynaud & Fils
India Essential Oils
Moksha Lifestyle Products
Rocky Mountain Oils LLC
Sydney Essential Oil Co. (SEOC)
The Lebermuth Company
Ungerer Limited
Young Living Essential Oils.
The report has segmented the market on the basis of product, application, sale channel and geography.
Breakup by Product:
Cedarwood Oil
Eucalyptus Oil
Lavender Oil
Lemongrass Oil
Rosemary Oil
Tea Tree Oil
Ylang Ylang Oil
Others
Breakup by Application:
Medical
Pharmaceutical
Nutraceuticals
Food and Beverages
Bakery and Confectionery
Beverages
Meat, Poultry and Seafood
Others
Spa and Relaxation
Aromatherapy
Personal Care
Cosmetics
Toiletries
Others
Cleaning and Home
Kitchen Cleaners
Floor Cleaners
Bathroom Cleaner
Others
Others
Breakup by Sales Channel:
Offline Stores
Online Stores
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report by IMARC Group:
Low-Calorie Sweetener Market Report: https://www.imarcgroup.com/low-calorie-sweetener-market
Vegan Yogurt Market Report: https://www.imarcgroup.com/vegan-yogurt-market
Banana Bread Market Report: https://www.imarcgroup.com/banana-bread-market
Fish Protein Hydrolysate Market Report: https://www.imarcgroup.com/fish-protein-hydrolysate-market
Oat Milk Market Report: https://www.imarcgroup.com/food-preservatives-market
Rice Noodles Market Report: https://www.imarcgroup.com/rice-noodles-market
Gummy Vitamins Market Report: https://www.imarcgroup.com/gummy-vitamins-market
Indian Onion Powder Market Report: https://www.imarcgroup.com/indian-onion-powder-market
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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