Global Essential Oils Market is Estimated to Grow at a CAGR Over 7% from 2016 to 2022

Essential Oils Market Analysis and Forecast by Type (Pure Essential Oil), Source (Seeds, Berries), Ingredient (Nutmeg), Application (Perfumes) and Region - 2022

Market Research Future published a half cooked research report on Global Essential Oils Market which is estimated to grow more than 7% by 2022

Market Overview

Essential oil is a concentrated hydrophobic liquid containing aroma from plants. They are also identified as volatile oils, ethereal oils and aetherolea. There are different types of extraction techniques available in the market such as extraction by distillation or by using steam, solvent extraction, absolute oil extraction, resin tapping and cold pressing which is supporting the growth of essential oil market. Essential oils are mainly used in perfumes, soaps, cosmetics, air fresheners and other products. Along with this its application in pharmaceutical products is increasing due to antibacterial, antifungal, antiviral and antimicrobial characteristics of the oil. These characteristics of the oil will further drive growth of the market during forecast period 2016-2022.

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Competitive Analysis-

Key Players in the Essential Oils Market are:

• Young Living (U.S.)
• Sydney Essential Oils (Australia)
• Biolandes (France)
• doTERRA (U.S.)
• Farotti SRL (Italy)
• The Lebermuth Company (U.S.)
• Aromatika Ukraine LLC (Ukraine)
• Moksha Lifestyle Products (India)

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Essential Oils Market Report- Forecast to 2022

Market Forecast

Globally the Essential Oils Market is mainly driven by increasing use of various types of essential oil in personal care and beauty products. Increasing consumer preference for organic flavors in food and beverages is supporting growth of the market. Growing demand for natural personal care products with pleasant aroma is further driving growth of the market. The rising popularity of essential oils in aromatherapy has created a huge demand for quality essential oils which is influencing the market growth.
These factors will play a key role in the growth of essential oils market at the CAGR of 7% during 2016-2022.

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By Application Analysis-

Essential oil extracted from orange due to its exceptional medical benefits including anti-inflammatory, antiseptic, and antidepressant. Essential oils are largely used in food and beverages as consumers are replacing herbs with essential oils to get more nutritional value in their food and beverage. Other use of essential oil are in health & wellness and in cleaning products as well since essential oil is sweet-smelling and a healthy substitutes for synthetic drugs. It is expected that due to all these the global essential oils market is expected to witness sustainable growth in coming years. Natural personal care products and pleasant aromatic cleaning agent manufactured by using essential oil are in high demand support the essential oils market growth.

Regional Analysis

Key players of the global essential oils market are North America, Europe and Asia Pacific. Among this Europe has the major market share followed by North America and is expected to maintain its dominant position in coming years due to the growing demand for natural cosmetic products, rising awareness and increasing adoption of innovative essential oil solutions in varied sectors where it is used. In North America high per capita income, governmental subsidies and tax benefits are encouraging the production and application of essential oils in various fields. Rapid industrialization and increasing disposable consumer income are supporting the market growth in developing countries such as China and India.

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Market Segmentation-

Global essential oils market is segmented by type, source, ingredients, application and region.

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