Press release
The Lavender Oil Market to be driven by pearls of innovation in the next 10 years
Lavender Oil Market
Request for Free Sample Copy@ https://www.persistencemarketresearch.com/samples/15187
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.
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/15187
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.
Buy Now this Report@ https://www.persistencemarketresearch.com/checkout/15187
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
Contact Us:
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
Website - https://www.persistencemarketresearch.com
About us:
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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 The Lavender Oil Market to be driven by pearls of innovation in the next 10 years here
News-ID: 2932157 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
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…
