The use of essential oils in the cosmetics and personal care industries is increasing due to the increasing consumer inclination towards herbal ingredients and natural products. Eastern culture has a huge impact on the beauty and fashion industries. Essential oils are used in a wide variety of cosmetic products due to their excellent anti-aging properties, resulting in clearer and smoother skin. Because of their antioxidant effects, the sale of essential oils is gaining in importance for the cosmetics market.
According to a new report from Persistence Market Research, the global essential oils market will see impressive growth in value of around 8% CAGR over the next decade.
Planning ahead? Access Sample Essential Oils Market Report @ https://www.persistencemarketresearch.com/samples/32447
Important findings from the market study
• The market in India and China is expected to skyrocket with CAGRs of 12.2% and 11.2% respectively over the decade.
• In the Asia Pacific region, manufacturers are increasingly using essential oils for use in food and beverages, cosmetics and personal care, and aromatherapy as large countries such as India, China and Thailand are present to manufacture herbal ingredients.
• Herbal and spice essential oils are expected to have a significant CAGR of nearly 10% due to their high nutritional value and increasing use in various industries.
• The essential oils market in Europe is projected to grow at a CAGR of almost 8% through 2030.
• Germany, France and Russia make up a significant share of the European market, driven by increasing health awareness and high consumer purchasing power.
• The establishment of efficient supply chains and distribution channels facilitates the easy availability of essential oils. The online sales channel is expected to grow by more than 10% CAGR by 2030.
• The spread of COVID-19 has hampered production and disrupted supply chain activities of essential oils. Due to the increasing demand for health-promoting, nutrient and natural products, however, it is expected that the losses will be compensated for in the near future.
“Aromatherapy practices are becoming increasingly important for mental and physical wellbeing due to the increasing demand for drug substitutes and therapeutic techniques. Therefore, manufacturers could make higher profits by targeting aromatherapy manufacturers, ”says an analyst with Persistence Market Research.
How about reinventing the methodological wheel in the essential oils market? Switch to the “Methodology” tab! https://www.persistencemarketresearch.com/methodology/32447
Competitive landscape
Many major essential oil manufacturers have implemented tiered marketing techniques in order to reach more customers and grow their businesses. Growing awareness of the health benefits of essential oils has led to growth in retail sales, particularly via convenience stores.
In addition to traditional brick-and-mortar sales, key players also offer customers products directly via online sales channels. This has made it easier for customers to access products. Manufacturers have also made arrangements to allow wholesalers to order products in bulk through their websites.
For example, Do Terra recently reached a milestone of 5 million worldwide customers thanks to the widespread awareness and easy access to its products.
Are you planning to introduce an unusual product / technology to the essential oils market? Go to “Buy Now” for our Essential Oils Market Report! https://www.persistencemarketresearch.com/checkout/32447
Discover other valuable insights
Persistence Market Research offers in its new report an impartial analysis of the global essential oils market with historical data (2015-2019) and estimation statistics for the forecast period 2020-2030. The study offers compelling findings based on type (citrus fruits, herbs & spices, mints, flowers, nuts and others), nature (organic and conventional), end use (food & beverage, cosmetics & personal care, home care and toiletries), aromatherapy, Animal feed, food service and retail / household) and distribution channel (business-to-business and business-to-consumer) in seven major regions of the world.
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
US Ph. – + 1-646-568-7751
US-Canada Toll Free – 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
About us:
Persistence Market Research offers companies a complete solution for enhancing the customer experience. It gathers appropriate feedback after going through personalized customer interactions to add value to the customer experience by acting as the “missing” link between “customer relationships” and “business results”. This guarantees the best possible returns.
This press release was published on openPR.
