The market value of essential oils is estimated to be $27.5 billion by 2028, at a CAGR of 7.1% – Credence Research

The major players in the global essential oil market in terms of value and volume are Cargill, Inc. (USA), DuPont (USA), Koninklijke DSM NV (Netherlands), dôTERRA International LLC (USA), Givaudan SA (Switzerland), Young Living Essential Oils (USA), The Lebermuth Company, Inc. (USA), Symrise (Germany) etc.

The latest market report published by Credence Research, Inc. is “Global Essential Oils Market: Growth, Future Prospects, and Competitive Analysis, 2016-2028”. The The global essential oil market generated revenue of approximately $18.2 billion in 2021 and is expected to grow at a CAGR of more than 7.1% over the forecast period from 2022 to 2028 to reach approximately $27.5 billion by 2028. to achieve. At the same time, cumulative growth opportunities presented by the global essential oils is approximately USD 9.3 billion in 2022 to 2028.

Aromatherapy has expanded the use of these volatile oils as potential therapeutic agents, including massage, inhalation and bathing. Growing public awareness of the benefits of aromatherapy as a result of people’s growing interest in natural care and getting back to nature will encourage the creation of natural/organic components with healing properties. Due to strong customer demand for simple and less synthetic chemicals on product labels, the growing trend of clean labeling is making a vital contribution to the overall expansion of the industry. Unhealthy ingredients, such as chemical formulas of synthetic chemicals, are not listed on clean labels. As a result of this trend, manufacturers will be encouraged to use essential oils instead of synthetic additives.

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The global essential oil market is split by type, extraction method, application and geography. By type, the market is divided into orange oil, lemon oil, lime oil, peppermint oil, cornmint oil, citronella oil, spearmint oil, geranium oil, clove leaf oil, eucalyptus oil, jasmine oil, tea tree oil, rosemary oil, lavender oil and other oils (sandalwood, cedar, chamomile, anise, ginger , thyme, cinnamon, ylang-ylang and basil). Based on extraction method, the market is segmented as distillation, carbon dioxide extraction, cold press extraction, solvent extraction and other extraction methods (resin steps and maceration). By application, the market is divided into food and beverage, cosmetics and toiletries, aromatherapy, home care, healthcare and other applications (feed, insecticides and paint). Finally, based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.

Based on aromas and flavors, the global essential oils market is segmented into foods and beverages, pharmaceuticals, cosmetics and personal care products, spa and salon products, household cleaning products, and others. Essential oils are widely used as fragrances and flavors in a wide variety of products in various end-user industries. The food and beverage industry dominated the global essential oil market in 2021 and is expected to increase in the near future. The growing demand for orange oil from the food and beverage industry due to its beneficial properties is expected to drive the growth of the global essential oil market. In addition, the growing demand for food products due to the strong trend of nutritional diet has promoted the growth of the wide range of essential oils used in the production of food products. Spa and salon products were the second largest essential oil application segment in 2021. The use of essential oils in the production of various aromatic products used for spa and salons is the main factor driving the growth of the essential oil market worldwide. Therefore, there is a high demand for essential oils from the spa and solon products industry in the market. Cosmetic and personal care products also use essential oils in a wide variety of fragrance and fragrance products. Therefore, the cosmetics and personal care products industry is also expected to drive the strong growth of the essential oil market. Other applications such as pharmaceuticals, household cleaners and others are also expected to drive high demand in the essential oil market during the forecast period from 2016 to 2028.

Europe dominated the global essential oil market in 2021 due to the region’s rising demand for natural beauty products and cosmetics. In addition, the growing demand for neutraceuticals from the geriatric population is also expected to drive the market demand for essential oils in the region. Germany, France and Spain are the main countries contributing to the high demand for essential oils in the region. However, the growth of essential oils is expected to be moderate in the coming years due to the saturated market in the region. North America was the second largest essential oil market in 2015 and is expected to experience strong growth for the foreseeable future. Increasing the per capita income of the people in Canada and the US and increasing consumer awareness among the population in North America is the main factor driving the growth of the essential oil market. The Asia-Pacific was the third largest and fastest growing essential oil market and is expected to increase over the forecast period. Rising disposable income and knowledge about products manufactured with natural and synthetic raw materials are expected to drive essential oil market growth in the region. The Middle East and Latin America are also expected to contribute to essential oil demand during the forecast period from 2021 to 2028

Why buy this report-

  • The report provides both qualitative and quantitative analysis of the global Essential oils market by segment, current trends, drivers, constraints, opportunities, challenges and market dynamics with historical period of 2016-2020, base year-2021 and forecast period 2022-2028.
  • The report includes information related to the competitive landscape, such as how the key market players operate at the global, regional and country levels.
  • In-depth analysis of the global market segmentation based on type, extraction method and application.
  • Major countries in each region with their production capacities
  • the global Essential oils The Market Report also includes Global, Regional, and Country analysis, top market trends, key players’ analysis, market growth strategies, and key application areas.

Browse Full Content Full Report: https://www.credenceresearch.com/report/essential-oils-market

Index:

1. Preface

1.1. Report description

1.1.1. Purpose of the report

1.1.2. Target audience

1.1.3. USP and main offers

1.2. Research scope

1.3. research method

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Assessment

1.3.4. Approach adopted

1.3.4.1. Top-down approach

1.3.4.2. Bottom-up approach

1.3.5. Assumptions

1.4. Market share

2. Summary

2.1. Market Snapshot: Global Essential Oil Market

3. Market Dynamics and Factors Analysis

3.1. Introduction

3.1.1. Global Essential Oil Market Value, 2016-2028, (US$ Billion)

3.2. Market dynamics

3.2.1. Key growth trends

3.2.2. Major challenges in the sector

3.2.3. Key Grow Bags

3.3. Attractive investment proposition, 2021

3.3.1. Type

3.3.2. Method of extraction

3.3.3. Application

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of new entrants

3.4.2. Negotiating power of buyers/consumers

3.4.3. Negotiating power of suppliers

3.4.4. Threat of Replacement Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market positioning of the key players, 2021

4.1. Key Players’ Company Market Share, 2021

4.2. Top 6 players

4.3. Top 3 players

4.4. Key strategies adopted by key players

5. COVID 19 Impact Analysis

5.1. Global Essential Oil Market Before And After COVID 19, 2019 – 2028

5.2. Impact on import and export

5.3. Impact on supply and demand

6. North America

6.1. Essential Oil Market in North America, by Country, 2016-2028 (US$ Billion)

6.1.1. U.S

6.1.2. Canada

6.1.3. Mexico

6.2. Essential Oil Market in North America by Type, 2016-2028 (US$ Billion)

6.2.1. Overview

6.2.2. orange oil

6.2.3. lemon oil

6.2.4. lime oil

6.2.5. Peppermint oil

6.2.6. Cornmint oil

6.2.7. Citronella oil

6.2.8. Spearmint oil

6.2.9. Geranium oil

6.2.10. clove oil

6.2.11. Eucalyptus oil

6.2.12. jasmine oil

6.2.13. tea tree oil

6.2.14. rosemary oil

6.2.15. lavender oil

6.2.16. Other oils (sandalwood, cedar, chamomile, anise, ginger, thyme, cinnamon, ylang-ylang, and basil)

6.3. Essential Oil Market in North America, by Extraction Method, 2016-2028 (US$ Billion)

6.3.1. Overview

6.3.2. Distillation

6.3.3. Carbon Dioxide Extraction

6.3.4. Cold Press Extraction

6.3.5. Solvent Extraction

6.3.6. Other extraction methods (resin steps and maceration)

6.4. Essential Oil Market in North America, by Application, 2016-2028 (US$ Billion)

6.4.1. Overview

6.4.2. Eat Drink

6.4.3. Cosmetics and toiletries

6.4.4. aromatherapy

6.4.5. home care

6.4.6. healthcare

6.4.7. Other

7. Europe

……..

8. Asia-Pacific

……..

9. Latin America

……..

10. Middle East

…………

11. Africa

…………

12. Worldwide

……..

13. Company Profiles

13.1. Cargil, Inc.

13.2. DuPont

13.3. Royal DSM NV

13.4. doTERRA

13.5. Givaudan SA

13.6. young life

13.7. The Lebermuth

13.8. Symrise

13.9. Sensitive technologies

13.10. Firmenich SA

13.11. moons

13.12. ROBERTE SA

13.13. Rocky Mountain Oils LLC

13.14. BIOLANDES SAS

13.15. falcon

13.16. farrotic

13.17. Indian Essential Oils

13.18. Ungerer Limited

13.19. others

……………….

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