Press release
Essential Oils Market Size to Boost USD 27.13 Billion By 2032 | CAGR 11.9% - Published by Emergen Research
Essential Oils Market
The essential oils market represents a dynamic sector within the global fragrance and flavor industry, driven by the increasing demand for natural and organic products across various end-use applications. Essential oils, derived from plants through distillation or mechanical methods, contain aromatic compounds that contribute to their therapeutic, aromatic, and flavoring properties. With a wide array of applications spanning aromatherapy, cosmetics, food and beverages, pharmaceuticals, and household products, the essential oils market continues to experience robust growth worldwide.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Essential Oils Market :
Several factors fuel the growth of the essential oils market. Firstly, the growing consumer preference for natural and organic products, driven by health and wellness trends, stimulates demand for essential oils in aromatherapy, skincare, and personal care products. Additionally, the expanding application of essential oils as natural flavorings and fragrances in food and beverages, cosmetics, and household cleaning products contributes to market growth. Furthermore, increasing awareness about the therapeutic benefits of essential oils, coupled with rising disposable incomes in emerging economies, drives demand for premium essential oil products.
Restraints and Challenges
Despite its growth potential, the essential oils market faces certain restraints and challenges. One significant challenge is the variability in the quality and purity of essential oils, influenced by factors such as plant species, cultivation practices, extraction methods, and storage conditions. Ensuring consistency and authenticity in essential oil products remains a challenge for producers and consumers alike. Moreover, environmental factors such as climate change, pests, and diseases can impact the availability and yield of essential oil-bearing plants, affecting supply chains and prices.
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The report also discusses the key players involved in the market such as:
Biolandes SAS, Givaudan, International Flavours and Fragrances Inc., Symrise, Robertet, DSM, Sensient Technologies Corporation, Cargill, Incorporated, MANE (EN), and doTERRA
The report provides a thorough estimation of the overall impact of the pandemic on the Essential Oils Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Essential Oils Market
Essential Oils Latest Industry News
On 22 May 2023, Young Living announced the release of Season Essentials and Red Cedar Bliss Essential Oil Blends. These innovative blends offer versatile usage options, including oral consumption by mixing 1-2 drops with 1 drop of a carrier oil and placing under the tongue, with a maximum of three daily applications. Red Cedar Bliss combines various essential oils, including the newly introduced Western Red Cedar oil, for a warm and woodsy aroma. This blend not only provides a delightful scent but also offers immune support, making it a valuable addition to the daily routine.
In June 2023, Biolandes SAS announced the debut of its new line of Ecocert Greenlife-certified organic essential oils. The line includes 12 essential oils that are obtained from organic cultivation and processed with steam distillation or cold expression, including lavender, rosemary, eucalyptus, lemon, and peppermint. According to the company, compared to ordinary essential oils, these organic ones offer greater quality, purity, and sustainability.
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Essential Oils Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the global essential oils market on the basis of type, application, source, distribution channel, method of extraction, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Citrus
Orange
Lemon
Grapefruit
Lime
Eucalyptus
Lavender
Rosemary
Tea Tree
Peppermint
Others
Applications Outlook (Revenue, USD Billion; 2019-2032)
Food & beverages
Cosmetics
Aroma therapy
Homecare
Others
Source Outlook (Revenue, USD Billion; 2019-2032)
Fruits & vegetables
Herbs & spices
Flowers
Distribution channel Outlook (Revenue, USD Billion; 2019-2032)
Direct distribution
Multi-Level Marketing (MLM) distribution
Retail distribution
Method of Extraction Outlook (Revenue, USD Billion; 2019-2032)
Distillation
Carbon Dioxide (CO2) extraction
Cold press extraction
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Essential Oil Market Research Report
A market study based on the " Essential Oil Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Essential Oil Market 2017’. The research report analyses the historical as well as present performance of the worldwide Essential Oil industry, and makes predictions on the future status of Essential Oil market on the basis of this analysis.
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