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The Lavender Oil Market to be driven by pearls of innovation in the next 10 years
Lavender Oil Market
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With a market share of more than 34% in 2016, the Personal Care category led the market. From 2016 to 2024, its value is expected to increase at a CAGR of 6.6%. According to forecasts, the Personal Care application segment will grow by 1.1 basis points in 2024 compared to 2016.
Because there is such a high demand for essential oils that are made naturally, personal care should pick up steam among the general population worldwide. This will broaden the market's total reach for lavender oil worldwide. For each year in the forecast period, a Y-o-Y rise from 5.8% to around 6% can be realistically predicted for the Personal Care segment.
In the year 2015, the Personal Care segment of the global lavender oil market was valued at a little more than US$ 25 Mn and this should rise to just over US$ 45 Mn by the end of the study period, registering the highest CAGR among all the application segments of the global lavender oil market.
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Europe will continue to remain the largest geographic region in the global lavender oil market
Europe is the geographic hub of the global lavender oil market with Bulgaria being the largest producer. Nearly 3/5th of the total production of the global lavender oil market can be traced to Europe. The market value of the Personal Care segment in the Europe lavender oil market was just under US$ 12 Mn in 2016 and this should rise to nearly US$ 20 Mn by the end of the year 2024, witnessing a CAGR of 6.5%.
The Therapeutics segment accounted for a market value of US$ 7.5 Mn in Europe in the year 2016 and this is predicted to grow to almost US$ 12 Mn by the year 2024, registering a CAGR of 5.7%. However, the application segment to watch out for in the Europe lavender oil market would be Aromatherapy as it is forecast to record the highest CAGR of 6.6% for the period 2016-2024.
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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.
Read More Trending "PMR Exclusive Article"- https://www.globenewswire.com/en/news-release/2022/02/10/2382844/0/en/Global-Lavender-Oil-Market-is-set-to-surpass-US-124-Mn-By-2024-End.html
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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
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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…
