An Overview of Essential Oils Market 2023-2032: Symrise, Robertet SA, MANE, doTERRA, NOW Foods, Lebermuth, Inc., BIOLANDES, Norex Flavours Private Limited

The essential oils market is poised for remarkable growth, with a projected value of USD 15.3 billion by 2027 from its current size of USD 8.8 billion. This anticipated surge is expected to occur at a Compound Annual Growth Rate (CAGR) of 11.8% over the next five years. The essential oils market is expanding at a rapid pace, due to its diverse applications and rising consumer awareness worldwide.

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Opportunities: Developing countries are expected to experience an increase in demand for essential oils over the coming years
Challenges: Synthetic and substandard products available in the market act as substitutes to natural plant extracts and pose a challenge for the essential oil manufacturers
Synthetic substitutes for essential oils are easily available and are used in most synthetic cosmetics as cheaper substitutes. Several synthetic drugs are available in the market, including antibiotics and anti-inflammatory drugs. Hence, several synthetic and substandard products available in the market act as substitutes for natural plant extracts and pose a challenge for essential oil manufacturers.

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Key Features of Essential Oils Market

High demand: Essential oils have gained widespread popularity in recent years due to their numerous health benefits and uses in personal care products and aromatherapy.

Wide variety of oils: There is a wide range of essential oils available, each with its own unique properties and benefits, such as lavender, peppermint, eucalyptus, and lemon.
Natural origin: Essential oils are derived from natural sources, such as plants and flowers, making them appealing to consumers seeking natural and organic products.

Versatile usage: Essential oils can be used for a variety of purposes, including aromatherapy, personal care, massage, and as ingredients in food and drinks.

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Essential Oils Market Key Players
Key players in this market include Cargill, Incorporated (US), DSM (Netherlands), Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Symrise (Germany), Robertet SA (France), MANE (France), doTERRA (US), NOW Foods (US), Lebermuth, Inc. (US), BIOLANDES (France), Norex Flavours Private Limited (India) and India Essential Oils (India).

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This release was published on openPR.