Press release
Worldwide Essential oil Market Key Players - Young Living, doTerra, Biolandes, The Lebermuth Co., Inc., Sydney Essential Oils, Shiv Sales Corporation and Shaanxi Guanjie Technology Co., Ltd
Essential Oil market is projected to grow at 5.92% during the forecasted period 2017to 2023. APAC region is estimated to dominate the market with more than 50% of market share followed by America in the year 2017. France, Italy and Germany are major essential oil producers in the Europe region. Increasing popularity of essential oil in aromatherapy and pharmaceuticals supporting various essential oil production in America and Europe region. U.S. and Canada are major essential oil market in the American region. Strong potential of essential oil production and rising application of essential oil in cosmetics and personal care supporting market growth among the various regions in the world.
Global essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92%. Pure essential oil will grow at the CAGR of 6.16% during forecast period 2017 to 2023. Pure essential oil holds the major market share followed by compound essential oil in the year 2017. Corn mint and Orange together holds more than 57% of market share in the year 2017. Clove leaf essential oil market is projected to reach around USD 150 million by 2023 with CAGR of 6.09% and it is majorly produced in APAC region.
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The Global Essential Oil Market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW) .APAC region is estimated to dominate the market with 58.2% of market share in the year 2017 followed by America which have 21.9% of market share. France, Italy and Germany are major essential oil producers in the Europe region. Increasing popularity of essential oil in aromatherapy and pharmaceuticals supporting various essential oil production in America and Europe region. U.S. and Canada are major Essential Oil market in the American region. Strong potential of essential oil production and rising application of essential oil in cosmetics and personal care supporting market growth among the various regions in the world.
Major Key Players:
The leading market players in the Global Essential Oil Market primarily are Young Living (U.S.), doTerra (U.S.), Biolandes (France), The Lebermuth Co., Inc.(U.S.), Sydney Essential Oils (Australia), Shiv Sales Corporation (India) and Shaanxi Guanjie Technology Co., Ltd (India)
Key players are more focusing on expansion of essential oil business across the globe which is contributing around 40% of strategy share. After expansion, key players are acquiring companies to strengthen their presence and to get edge over increasing competition. R&D, partnership and product launch contributes equally (~10%) in strategic share of key players in essential oil market.
Target Audience:
Essential oil Manufacturers
Food and beverage Industry
Agriculture Industry
Fragrance/ Aromatherapy industry
Cosmetics/personal care industry
Pharmaceutical Industry
Retailers and wholesalers
Traders, importers and exporters
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Key Findings:
The Global Essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92%
Globally, application of Essential oil in aromatherapy is growing at higher rate of 6.19%
Globally, corn mint and orange essential oil holds more than 57% of market share in the year 2017
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