Press release
Research Offers 8 -Year Forecast on Lavender Oil Market
The Personal Care segment had the highest market share of more than 34% in 2016 and it is poised to grow at a CAGR of 6.6% for the period 2016 to 2024 in terms of value. The Personal Care segment by application is predicted to gain 1.1 basis points in the year 2024 as compared to 2016. Personal care should gain momentum among the global population on account of strong demand for essential oils that are naturally derived. This will increase the overall scope of the global lavender oil market. A Y-o-Y growth from 5.8% to about 6% can be reasonably estimated for the Personal Care segment for every year in the forecast period. In the year 2015, the Personal Care segment of the global lavender oil market was valued at a little more than US$ 25 Mn and this should rise to just over US$ 45 Mn by the end of the study period, registering the highest CAGR among all the application segments of the global lavender oil market. The Personal Care segment is estimated to create absolute $ opportunity of US$ 18.10 Mn between 2016 and 2024. Rising demand for grooming products compounded with increasing skin diseases is forecast to boost demand in the Personal Care segment in North America, Europe and APAC.
Obtain Report Details @ www.persistencemarketresearch.com/market-research/lavende...
Therapeutics cannot be ignored at the cost of Personal Care
In terms of revenue, the Therapeutics segment accounted for more than 25% of the global lavender oil market in 2016, with a CAGR of 6.0% for the period 2016-2024. Therapeutics is anticipated to show substantial growth over the forecast period as demand for lavender oil products is increasing by leaps and bounds. This can largely be attributed to the beneficial effects of lavender oil particularly as an antibacterial and anti-fungal solution to effectively counter sunburns, insomnia, wounds and other ailments. In the global lavender oil market, the Therapeutics application segment had a value of slightly under US$ 20 Mn in 2015. This is poised to rise to more than US$ 30 Mn by the end of the year 2024, making Therapeutics the second largest segment in terms of application in the global lavender oil market. The Therapeutics segment is estimated to create absolute $ opportunity of US$ 11.9 Mn between 2016 and 2024.
Make an Enquiry @ www.persistencemarketresearch.com/samples/15187
Europe will continue to remain the largest geographic region in the global lavender oil market
Europe is the geographic hub of the global lavender oil market with Bulgaria being the largest producer. Nearly 3/5th of the total production of the global lavender oil market can be traced to Europe. The market value of the Personal Care segment in the Europe lavender oil market was just under US$ 12 Mn in 2016 and this should rise to nearly US$ 20 Mn by the end of the year 2024, witnessing a CAGR of 6.5%. The Therapeutics segment accounted for a market value of US$ 7.5 Mn in Europe in the year 2016 and this is predicted to grow to almost US$ 12 Mn by the year 2024, registering a CAGR of 5.7%. However, the application segment to watch out for in the Europe lavender oil market would be Aromatherapy as it is forecast to record the highest CAGR of 6.6% for the period 2016-2024.
Mature Europe lavender oil market should show robust demand in future
The vast majority of the European populace is health conscious and aware of the benefits obtained from naturally derived lavender oil and there is a marked increase in consumer spending on healthcare products. That is why it is safe to assume that Europe will continue to account for a large share of the global lavender oil market.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA | Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Research Offers 8 -Year Forecast on Lavender Oil Market here
News-ID: 746816 • Views: …
More Releases from Persistence Market Resarch
Industrial Cable Reels Market is expected to increase by a CAGR of 4.0% by 2031| …
Trading of modern link pulls in the global market is valued at US$2,480.0 million towards the end of 2018, representing a YoY growth pace of 4.0% north of 2023. In terms of modern link reel volume, China is expected to account for almost 22.2% of the total share of the global modern link reel market towards the end of 2026 and is expected to maintain its position in the modern…
Global Market for RTD/high strength premixes is poised to expand at a sub-par CA …
Persistence Market Research And new report on the global RTD/high strength premixes market, RTD/High Strength Premixes Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)
The study has been developed to offer valuable insights on how the demand for RTD/high strength premixes will shape up in the immediate future. Industry trends, macroeconomic factors, marketing opportunities, and new applications encompassing the global RTD/high strength premixes market have been analyzed in the report. Market…
Food Retail Market Segmented By Food and Grocery Retail, Pet Food Retail in Supe …
Rise in the global population, changing customer preferences and emerging economies are making the way for the food retail industry. It is a dynamically progressing industry and contributes to the development of several industries such as food packaging.
Food Retail is categorized under distribution channel into four different segments: supermarkets/hypermarkets, independent and specialist retailers, convenience stores and others. Supermarket or hypermarket segment accounts for a comparatively larger market share.
Increasing customer preference…
Cosmetic Peptide Synthesis Market Size to Exhibit a US$ 182.1 Mn by 2032 - Insig …
The most recent report from Persistence Market Research on the worldwide cosmetic peptide synthesis market assesses the market's opportunities and current state, and it offers in-depth research and the most recent information on the relevant segments that have an impact on the market.
The study provides in-depth analysis of the market's present dynamics, including its drivers, constraints, trends, and prospects. The market study's main goal is to provide unique information…
More Releases for Personal
Personal Trainers Market Seeking Excellent Growth | Kinetic Personal Training, T …
Latest Study on Industrial Growth of Global Personal Trainers Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Personal Trainers market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and…
Personal Protective Equipment Market Size, Share | Personal Protective Equipment …
Global Personal Protective Equipment Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global Personal Protective Equipment Market research report provides a point-by-pointIn-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization,…
Personal Finance Apps Market is Thriving Worldwide with Mint, Personal Capital, …
Global Personal Finance Apps Market Size, Status and Forecast 2018-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The influencing Factors of growth and regulations with respect to the usage of the information, availability of highly reliable products in the market, and increase in operational efficiency of Personal Finance Apps Players.The study provides information…
Blast Auxillary Personal Fan Review: Shocking Truth About The Blast Personal Fan …
Blast Auxiliary Personal Fan is a new technology that has been introduced with the aim of helping people get through the nasty summer heat. According to the official website, this portable cooling fan can be carried anywhere with ease, even outdoors, this is to ensure that you keep your body temperature cool even when it’s boiling outside.
Last summer, I was transferred to Arizona to handle a project. It was my…
Personal Services Market
Personal Services Market Global Briefing 2017
Personal Services market global briefing provides strategists, marketers and senior management with the critical information they need to assess the global personal services sector.
Reasons to Purchase:
• Outperform competitors using accurate up to date demand-side dynamics information.
Identify growth segments for investment.
• Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
• Develop strategies based on likely future developments.
• Suitable for…
Homeowner Insurance Market For Dwelling, Personal Property, Loss of use, Persona …
MarketResearchReports.Biz adds “Global Homeowner Insurance Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Homeowner Insurance market and the growth estimates for the forecasted period.
The Homeowner Insurance Market has been comprehensively detailed in the report with special focus on a range of key elements such as market share, forecast and base figures, CAGR, driving factors, growth restraints, and…
