Essential Oils Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Essential oils are liquid extracts of various potentially beneficial plants. They're made from parts of certain plants like leaves, seeds, roots, and rinds. Essential oils usually have a stronger smell than the plants they are extracted from and contain higher levels of active ingredients. Moreover, essential oils hold a prominent place in traditional and folk medicine around the world because they can benefit the human body in several ways. They are used in aromatherapy to manage stress and anxiety and they can help in curing fungal infections. Furthermore, essential oils extracted from different plants have different characteristics. For instance, Lavender oil’s relaxing fragrance helps in improving sleep quality, and tea tree oil has antimicrobial qualities. Further on, many essential oils have antioxidant properties, antioxidants help in preventing damage to cells caused by free radicals.

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According to UnivDatos Market Insights (UMI)’ research report “Essential Oils Market”, the market is likely to grow at a CAGR of ~9% during the forecast period. This can be mainly attributed to the rising demand for aromatherapy coupled with the growth in research & development activities.

Based on Application, the market is categorized into food and beverages, pharmaceuticals, cosmetics & personal care, home care, and others. The food and beverages segment held the prominent revenue share in 2020 and is expected to grow at a robust CAGR during the forecast period, which can be accredited to strict government regulations regarding the safety of food and limit on the usage of synthetic flavors and essence foodstuff. Essential oils are known for their health benefits, as they are natural ingredients that give the essence of the source they have been extracted from. They are used in food & beverages for adding flavor to the final products, and as substitutes for synthetic ingredients. As consumers are becoming aware of the health benefits of essential oils, the preferences for food & beverage products with these oils as additives has increased.

Based on the Method of Extraction, the essential oils market has been divided into distillation, carbon dioxide extraction, cold press extraction, solvent extraction, and other extraction methods. Among these, the distillation segment held a prominent share in 2020 and will continue to grow at a steady rate during the forecast period. The efficiency of the distillation method is expected to drive the growth of this segment.

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Europe is expected to witness robust growth

For a better understanding of the market adoption of the essential oils industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. In 2020, Europe accounted for the majority of the shares in the global essential oils market, and it is expected to grow at a substantial growth rate. This is attributed to the presence of developed end-use industries and rising awareness about the benefits of essential oils amongst consumers. The presence of organizations such as the European Federation of Essential Oils (EFEO) has benefitted the industry growth in Europe. According to EFEO, its aim is to represent producers and traders of essential oils and related products within Europe. It protects and promotes their interest and acts in defense of these products at relevant national, European, and international levels.

According to ‘UnivDatos Market Insights (UMI)’, the key Essential Oils Market include Cargill Inc., Firmenich SA, Rocky Mountain Oils LLC, Young Living Essential Oils LC., Sydney Essential Oil Company, Essential Oils Of New Zealand Ltd., Robertet SA, The Lebermuth Company Inc., Givaudan SA, West India Spices Inc.

“Essential Oils Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.     

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Market Segmentation:

1.     By Type (Orange, Eucalyptus, Lavender, Peppermint, Citronella, Lemon, Tea Tree, Clove,              Spearmint, and Others)

2.     By Application (Food and Beverages, Pharmaceuticals, Personal Care & Cosmetics & Personal Care, Home Care, and Others)

3.     By Method of Extraction (Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, and Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of World)

5.     By Company (Cargill Inc., Firmenich SA, Rocky Mountain Oils LLC, Young Living Essential Oils LC., Sydney Essential Oil Company, Essential Oils Of New Zealand Ltd., Robertet SA, The Lebermuth Company Inc., Givaudan SA, West India Spices Inc.)

Key questions answered in the study:

1.     What are the current and future trends of the essential oils industry?

2.     How the industry has been evolving in terms of type, method of extraction, and application category?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the essential oils industry?

5.     What are the customer orientation, purchase behavior, and expectations from the essential oils product suppliers across various countries? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE ESSENTIAL OILS MARKET

6 ESSENTIAL OILS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY METHOD OF EXTRACTION

10 MARKET INSIGHTS BY REGION

11 ESSENTIAL OILS MARKET DYNAMICS

12 ESSENTIAL OILS MARKET OPPORTUNITIES

13 ESSENTIAL OILS MARKET TRENDS

14 POLICY AND REGULATORY LANDSCAPE

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER 

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