Press release
Essential Oils Market Poised for Remarkable Growth, set to Reach USD 27.82 billion by 2032 with a CAGR of 10.55%
Essential Oils Market
Essential oils, also known as aetheroleum oils, are non-water soluble liquids that contain volatile aroma compounds extracted from plants. The market's growth is primarily driven by the increasing trend towards green consumerism and the rising popularity of natural products, which are valued for their sensory benefits and food preservation properties.
These insights are detailed in the report by Fortune Business Insightsโข titled "Essential Oils Market, 2024-2032."
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/queries/essential-oils-market-101063
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐๐ฌ๐๐ง๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Biolandes SAS (France)
โข Givaudan International SA (Switzerland)
โข International Flavours and Fragrances Inc. (U.S.)
โข Symrise AG (Germany)
โข Enio Bonchev Production Ltd. (Bulgaria)
โข The Lebermuth Company, Inc. (U.S.)
โข Essential Oils of New Zealand (New Zealand)
โข Phoenix Aromas & Essential Oils LLC (U.S.)
โข Sydney Essential Oil Co. (Australia)
โข Young Living Essential Oils (U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ข๐ญ๐ซ๐ฎ๐ฌ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ๐ข๐ญ๐ฒ ๐๐ฆ๐จ๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ
On the basis of type, the market is divided into eucalyptus, rosemary, citrus, lavender, tea tree, peppermint, and others. The citrus segment holds the largest Essential Oils Market share owing to their superior functional, availability, organoleptic characteristics, and strong demand dynamics.
๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฅ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ข๐ฅ๐ฌ
According to application, the market is divided into spa & relaxation, food & beverages, personal care & cosmetics, pharmaceuticals & medicinal formulations, and others. The food & beverages segment is anticipated to hold the largest share during the forecast period. The segment is expected to grow due to the addition of ethereal oils to food products that increase the sensory characteristics of various edibles, shelf-life, and storage stability.
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐ญ๐ก๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ ๐๐๐ฅ๐๐ฌ
As per distribution channel, the market is segmented into direct distribution, MLM distribution, and retail distribution. The direct distribution segment leads the market with the largest market share. Increasing consumer demand to feel the oil's fragrance is expected to drive market growth.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐-
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐๐๐๐ซ๐ฌ:
โข Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โข Comprehensive insights into regional developments.
โข List of major industry players.
โข Key strategies adopted by the market players.
โข Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.fortunebusinessinsights.com/enquiry/customization/essential-oils-market-101063
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ-
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐ ๐๐๐๐ ๐๐จ๐ซ ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ ๐ญ๐จ ๐ ๐จ๐ฌ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Plant-based volatile oils play a crucial role in the natural preservation of foods, offering an alternative to synthetic additives, which are increasingly scrutinized for their long-term health effects. Essential oils exhibit antibacterial properties across a range of food products, including milk, fish, meat products, fresh meat, dairy items, and cooked rice.
Due to their high concentration, essential oils are produced in large quantities from plant materials; for instance, producing one pound of lavender oil requires approximately 250 pounds of lavender flowers. This high demand, combined with limited supply, leads to elevated prices, which can restrict the use of essential oils in various sectors, particularly in developing economies.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ-
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐จ๐ฅ๐๐ญ๐ข๐ฅ๐ ๐๐ข๐ฅ๐ฌ
In 2022, Europe is expected to lead the essential oils market, driven by a strong preference among cosmetic producers in the region to incorporate essential oils into their products. The growing popularity of aromatherapy in countries such as the U.K., Germany, and France is likely to further boost market growth.
North America is projected to hold the second-largest market share. The region is anticipated to experience significant growth in demand for essential oils during the forecast period, reflecting increasing interest in their diverse applications and benefits.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/essential-oils-market-101063
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐-
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฌ๐ฌ๐จ๐๐ข๐๐ญ๐ข๐จ๐ง ๐ ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The global essential oils market remains primarily fragmented due to the significant role of local and private-label brands in various regions. Prominent companies, such as International Flavors and Fragrances Inc., Givaudan International SA, and Symrise AG, are pursuing acquisitions and mergers to enhance their market presence and influence.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฐ๐ฌ:
Pea Protein Market: https://www.fortunebusinessinsights.com/pea-protein-market-106053
Industrial Hemp Market: https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
Food Colors Market: https://www.fortunebusinessinsights.com/food-colors-market-102644
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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