India Essential Oil Market To Grow at a CAGR of 6.62% During 2024-2032 | IMARC Group

The latest report by IMARC Group, titled "India Essential Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India essential oil market size reached US$ 172.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 306.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.62% during 2024-2032.

India Essential Oil Market Overview:

Essential oil is concentrated plant extracts that capture the natural fragrance and beneficial properties of their source material. It is obtained primarily through methods such as steam distillation or cold pressing. Additionally, it is rich in bioactive compounds that offer a range of therapeutic and aromatic benefits. It is categorized into various types based on its sources, such as lavender, peppermint, tea tree, and eucalyptus, each with its own unique set of attributes and applications.

It finds extensive use in aromatherapy, skincare, and wellness programs, as well as in the flavoring and fragrance industries. The advantageous aspects of essential oils include their natural origin, potential health benefits, and versatility in application, ranging from topical use to inhalation and even internal consumption in some cases.

Get Sample Copy of the Report at: https://www.imarcgroup.com/india-essential-oil-market/requestsample

India Essential Oil Market Trends:

The essential oil market in India is majorly driven by the escalating consumer awareness about the health and wellness benefits of essential oils. Along with this, the rising popularity of natural and organic products, particularly in the personal care and healthcare sectors, is further propelling market growth. In addition, the integration of essential oils into traditional Ayurvedic practices, which have gained global recognition, provides a unique growth opportunity in the Indian context. Another contributing factor is the rise of e-commerce platforms that offer a wide array of essential oils, making them more accessible to consumers across the country.

In addition, technological advancements in extraction and processing are also enhancing the quality and range of products available. Apart from this, governmental initiatives promoting the cultivation of aromatic plants serve as foundational support for the industry. Furthermore, the combination of these factors, along with a growing middle class with increasing disposable income, is creating a positive market outlook.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-essential-oil-market

Key Market Segmentation:

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

• Kitchen Cleaners
• Floor Cleaners
• Bathroom Cleaner
• Others

Others

Breakup by Sales Channel:

• Offline Stores
• Online Stores

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.