NEW YORK, July 8, 2021 / PRNewswire / – Growing consumer demand for natural products, the increasing use of aromatherapy to relieve anxiety and stress, and the increasing use of essential oils in the cosmetic and food and beverage industries will add to the global essential oils market during the year Drive a healthy CAGR 2021-2030.
The essential oils market has taken a hit due to bans and movement restrictions introduced in the wake of the COVID-19 pandemic. Because not only have the production and trade in such products come to a standstill, but even the demand for them has decreased. Beauty centers and spas have closed around the world, which has resulted in significant demand for essential oils.
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The Essential Oils Market is divided into Food and Beverage, Aromatherapy, Cosmetics and Toiletries, Healthcare, Home Care, and others based on their application. During the forecast period, the highest CAGR will be seen in the aromatherapy category due to the increased adoption of this approach to managing stress, depression, anxiety, and other mental illnesses.
Carbon dioxide extraction, distillation, solvent extraction, cold press extraction and others are the categories in the extraction process segment. Among these, the distillation category is predicted to dominate the essential oils market by 2030. During distillation, the components of a solution are extracted by first evaporating the solution and then cooling it back to a liquid. The essential oils contained in different types of plants require different process times, pressures and temperatures, all of which can be changed during the distillation process. The procedure thus offers a precise approach to obtain the essential oil in its purest form.
Browse detailed report with COVID-19 impact analysis in the market research report Essential Oils: By Type (Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lemon, Lime, Clove, Spearmint, Rosemary, Lavender), Extraction Method (Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction), Application (Food and Beverage, Cosmetics & Toiletries, Aromatherapy, Home Care, Healthcare) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market- Analysis / Essential Oils Market
The fastest growth in the essential oils market is in. observed Asia Pacific (APAC) in the forecast period, as these products are cheap and easily available here. In addition, people’s stressful lives and increasing awareness of alternative methods of coping with stress and anxiety will drive the market. Other key factors driving demand for essential oils in the region are technological advances in the field and the growing medical tourism sector.
Market participants who participate in product launches and technological advances
To address more customers, companies in the essential oils market are expanding their product portfolios.
For example in October 2020, Lemon Eucalyptus Essential Oil, made from the lemon-scented blue eucalyptus plant, was launched by dōTERRA International LLC. According to the company, the scent of the product promotes a positive environment, and mixing with a diffuser offsets the flavors or sweetness.
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In the same way in August 2020, a new line of skin care products, essential oil blends, diffusers, and wearable rings infused with essential oils have been introduced by Young Living Essential Oils. The purpose of the product launch was to enable people to take better care of their family, home and themselves during the stressful COVID-19 era.
Key players in the global essential oils market are dōTERRA International LLC, Rocky Mountain Oils LLC, Plant Therapy Inc., Young Living Essential Oils, Vitruvi, Edens Garden, Frontier Co-op, Organic Aromas, PublicGoods, REVIVE Essential Oils LLC, Majestic Pure Cosmetics and NOW Health Group Inc.
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North American Aromatherapy Market Report – The North American aromatherapy market is projected to grow at a CAGR of 7.6% over the period 2020-2030. The growth of the market is due to the increasing disposable income, the growing preference of consumers for natural products, the increasing prevalence of lifestyle diseases and the increasing incidence of skin diseases.
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