Global Essential Oil Market - Trends & Forecast, 2019-2025
Published | 06 July 2019
According to Blueweave Consulting, The Use of Essential Oil
in various applications will reach USD XXXX Million with CAGR of X.XX%. Robust
development of end-use industries like food & beverage, personal care &
cosmetics, and aromatherapy has transformed into an upsurge in the demand for
the product.
Changing consumer lifestyles, as well as increasing
disposable income especially in the emerging countries is stimulating the
growth of essential oil market. The growing consumer awareness about the
ill-health effects of artificial chemicals used for giving texture &
fragrances and for amassed the aesthetic appearance of the food products and
health benefits associated with the consumption of essential oils has backed
towards the growth of global essential oils market.
Orange oil was the most substantial and fastest growing
product segment, with a demand of XX.X kilotons in 2018. Industries, like
cosmetics, are increasingly utilizing orange essential oils to augment product
value and sensory appeal. Additionally it has an wide application in food, ,
home care, and wellness due to its
nontoxic nature which do not cause any reaction on use which is likely to surge
product demand.
In 2018, the food & beverage application accounted for
the prominent revenue share. They are ideal in the food industry primarily
owing to its biological activity and for the properties provided by them like
antioxidant, antifungal, and notably antibacterial.
Europe accounts for
the largest market share of XX% whereas Asia-Pacific is anticipated to register
the highest CAGR, during the forecast period.
The growth in the APAC region can be primarily accredited to
presence of massive population coupled with various untapped markets, which are
expected to attract attention of key players to expand and establish their
operational and distribution facilities in this region.
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)
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
Key Findings
·
The Global Essential oil market is projected to
reach USD XXXX million by 2025 with growth rate of X.XX% .
·
Globally, application of Essential oil in aromatherapy is growing at higher rate of
X.XX%
·
Globally, corn mint and orange essential oil
holds more than XX% of market share in the year 2018.
The reports also
cover country level analysis:
North America
·
US
· Canada
Europe
·
Germany
·
U.K.
·
France
·
Italy
·
Russia
· Rest of Europe
Asia – Pacific
·
China
·
Thailand
·
India
·
Australia
· Others
MEA
·
Saudi Arabia
·
UAE
· Rest of MEA
Latin America
·
Brazil
·
Argentina
·
Rest of Latin America
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