Press release
Essential Oils Global Market Size, Share, Growth, Trends, By Product, By Application, By Sales Channel, By Region And Segment Forecasts, 2023-2032 | Givaudan SA, Robertet SA, BIOLANDES SAS, Cargill Inc., Rocky Mountain Oils LLC
As per the essential oils market report by The Business Research Company, the growing spa industry across the globe is expected to propel the growth of the essential oils market. Essential oils are used in aromatherapy, a form of alternative medicine to support health and well-being.
The global essential oils market size grew from $13.64 billion in 2022 to $15.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. 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, causing inflation across goods and services, and affecting many markets across the globe. The essential oils market size is expected to grow to $25.93 billion in 2027 at a CAGR of 14.3%.
Read More On The Essential Oils Market Report Here:
https://www.thebusinessresearchcompany.com/report/essential-oils-global-market-report
Major competitors in the essential oils market include 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, and Indian Essential Oils.
The essential oils market is segmented -
• By Type: Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil
• By Method of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Other Method Of Extraction
• By Application: Food & Beverage, Aromatherapy, Cosmetics & Toiletries, Pharmaceuticals, Cleaning & Home Care, Animal Feed, Fragrances
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the essential oils market.
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The essential oil refers to the oils as concentrated plant extracts that retain the natural flavor, essence, and smell of their source. These types of oils are mainly used in aromatherapy.
The Table of Content for The Essential Oils Market 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
The "Global Essential Oils Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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