Pune, India, May 06, 2021 (GLOBE NEWSWIRE) – The global essential oils market is projected to reach $ 14.6 billion by the end of 2026. According to the report, the market was worth $ 7.03 billion in 2018 and is forecast to have an excellent CAGR of 9.65% over the forecast period 2019-2026. This important information is disclosed by Fortune Business Insights ™ in their report, entitled “Essential Oils Market, 2019-2026”. The global food and beverage industry is experiencing a steady but significant development in terms of ingredient formulations. The growing consumer reliance on organically grown and naturally grown products has identified essential oils as an essential ingredient of choice in food processing. This should make a significant contribution to the growth of the market.
Inhaling essential oils is likely beneficial for the stable COVID-19 virus
Since the outbreak of the COVID-19 virus, the disease has reached every country around the world, which is why the World Health Organization declared it a public health emergency. The global impact of coronavirus disease has been watched by every industry, including the public, and has had a significant positive impact on the essential oils market. According to the International Journal of Pharmaceutical Science and Research, inhaling certain essential oils can be beneficial and an adjuvant therapeutic strategy to stop COVID-19. This study is expected to fuel demand and growth in the essential oils market.
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List Of Top Players Covered In Essential Oil Market Research Are:
- Biolandes SAS
- Givaudan International SA
- International Flavors & Fragrances Inc.
- Symrise AG
- Enio Bonchev Production Ltd.
- The Lebermuth Company, Inc.
- Now groceries
- Phoenix Flavors & Essential Oils LLC
- Ultra International BV
- Young Living essential oils
Segmentation:
The global essential oils market is divided into citrus, eucalyptus, lavender, rosemary and tea tree based on type. Citrus-based oil is expected to dominate the market as the leading segment.
Based on the application, the market is further subdivided into food and beverages, personal care products, and cosmetics and pharmaceuticals. Among these, the food and beverage sectors are the main uses of such oils, which act as natural antimicrobial agents. In 2018 the share was around 46.1%.
Reporting:
We follow a comprehensive research methodology mainly focused on providing accurate information. Our researchers have used a data triangulation technique that enables us to provide authentic estimates and measure general market dynamics. Plus, our analysts have been given access to multiple global and regional paid databases to provide the latest information so you can only invest in the critical zones.
Search detailed research report summary with table of contents:
https://www.fortunebusinessinsights.com/industry-reports/essential-oils-market-101063
Driver and Restrictions:
Essential oils as a source of preservation to promote market growth
Essential oils play an important role in the biological preservation of foods amid the mounting fear of artificial food essences and their long-standing adverse results. In several clinical studies, in which the concentration range for the oils is between 0.5 and 20 microliters per gram, antibacterial activities have been observed in foods such as meat products, seafood, milk, dairy products, vegetables and even cooked rice. among other. A significant collaboration has been established using mild preservation methods in conjunction with essential oils. In addition, it is a great research and development opportunity to combine and use the oil as a food additive and is expected to provide further motivation for the growth of the essential oils market.
Regional insights:
North America and Europe jointly lead the market supported by the appeal of aromatherapy
The essential oils market share in the North American region was $ 1.79 billion in 2018. The industrialized nations of the European region and the USA have some of the constituents of essential oils such as cinnamaldehyde, carvone, citral, carvacrol, p-cymen among others as valid aroma. Cosmetics developers in Europe also tend to include essential oils in their products. The increasing popularity of aromatherapy in the major markets of the leading countries in the European region is expected to make a notable contribution to the sales segment of these oils and further fuel the growth of the essential oils market.
Competitive landscape:
Innovative product launches by key players to further fuel market growth
The leading players in the market are constantly looking for opportunities to invest, start, or partner with other key companies to strengthen their position in the market. Together with their specialist advisors, they plan effective strategies to increase their brand value and ensure better reach with end users. One such efficient strategy is to introduce innovative products to attract consumers from all regions.
For example, in November 2018, Young Living Essential Oils launched its offerings and solutions in the Philippines, which fall into the Southeast Asian market.
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Detailed table of contents:
- introduction
- Research scope
- Market segmentation
- Research methodology
- Definitions and Assumptions
- Summary
- Market dynamics
- Market leader
- Market restrictions
- Market opportunities
- Important insights
- Overview of the parent / related markets
- Recent industry developments – policies, partnerships, product launches, and mergers and acquisitions
- Production, trade and consumption patterns of essential oils – analysis and forecast
- Global Essential Oils Market Analysis, Insights, and Forecasts, 2015-2026
- Main results / summary
- Market analysis, insights and forecasts – by type
- Citrus fruits
- eucalyptus
- lavender
- rosemary
- Tea tree
- Other
- Market analysis, insights and forecasts – by application
- Food & drinks
- Personal care & cosmetics
- Pharmaceuticals and medicinal formulations
- Other
- Market analysis, insights and forecasts – by geography
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Table of contents continued…!
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