New York, December 11, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “US Essential Oils Market – Industry Outlook and Forecast 2021-2026” – https://www.reportlinker.com/p05995446 /? utm_source = GNW
US essential oil consumption is estimated at 96.45 kilotons in 2020 and is projected to reach 158.88 kilotons by 2026, representing an annual growth rate of 8.67%. The presence of large numbers of buyers in the consumer industry and increasing consumer awareness of natural and organic products are major factors influencing the US market. The United States is an important contributor to the global essential oils market as they are increasingly used in health care. Factors such as increasing aromatherapy and pharmaceutical use, increasing demand for “green solutions” and the high acceptance of natural products over synthetic products are the factors that are expected to contribute to the growth of the essential oils market in the USA.
The following factors are likely to contribute to the growth of the US essential oils market over the forecast period:
• Demand for aromatherapy and other natural therapies
• Consumption of essential oils by cosmetics and personal care segments
• Demand for grooming products for men
The study takes into account the current scenario of the US essential oils market and its market dynamics for the period 2020-2026. It provides a detailed overview of various market growth factors, restraints and trends. The report provides both the demand and supply aspects of the market. It profiles and researches leading and other companies in the market.
Essential Oils Market Segmentation in the United States
This market research report on the U.S. Essential Oils Market has a detailed segmentation by product, end user, and geographic location. In terms of sales, Frankincense essential oil dominated the market, reporting over $ 69 million in 2020. Because of many uses, these are some of the most common necessities in the United States. Orange essential oils recorded the highest demand in terms of volume, followed by essential oils made from peppermint, eucalyptus, lemon, clove and frankincense. The demand for orange essential oil is expected to reach 61 kilotons by 2026 and grow at an impressive CAGR of over 9%. Eucalyptus oil has several uses and is mainly used as an antimicrobial, antiseptic, deodorant, and insect repellent. In addition, eucalyptus oil is mainly used to treat wounds, burns, abrasions, wounds and scratches, increasing its use in healthcare. Hence, eucalyptus oils are expected to see significant growth in both value and volume.
Several end-user industries are driving the demand for essential oils due to a variety of flavors and fragrances. In terms of sales and volume, the F&B industry had the largest market share in the United States essential oils market. However, the demand for essential oils in the cosmetics and personal care industries as well as in the spa and relaxation industries is likely to show the highest growth in the forecast period. This is mainly due to the increasing awareness of personal care and wellness. The demand for essential oils in the spa and relaxation industry is expected to have the highest growth dynamic, growing at a CAGR of over 16% between 2021 and 2023 and over 19% between 2024 and 2026. The slow dynamic in the 2021-2023 period may be great because of the COVID-19 outbreak. Due to the mandatory lockdown and closure of spas, resorts, salons and salons, the demand for essential oils in the spa and relaxation industries, as well as in the cosmetics and personal care industries, is growing more slowly.
product
• Frankincense essential oils
• Lavender essential oils
• Peppermint essential oils
• Tea tree essential oils
• Eucalyptus essential oils
• Rosemary essential oils
• sandalwood
• Lemon essential oils
• Lemongrass essential oils
• Clove essential oils
• Thyme essential oils
• Orange essential oils
• Basil essential oils
• Spearmint essential oils
• Chamomile essential oils
• Other essential oils
End user
• F&B industry
• Health industry
• Spa and relaxation industry
• Cosmetics and personal care industries
• Cleaning and household industries
• Other
INSIGHTS BY GEOGRAPHY
The US essential oils market share is largely driven by high disposable income, the presence of established consumer industries, high growth potential in multiple consumer industries, increasing numbers of households, and increasing demand for aromatherapy and healthy lifestyles. Due to the high prevalence of disease, awareness and demand for grooming products for men such as beard grooming, hair care and others, and the increasing demand for natural and organic foods and cosmetics are also increasing the demand for essential oils. User industries. In line with this growing trend in natural and organic lifestyles, manufacturers around the world are increasing their operations and sourcing activities to customize product features based on the end-user application.
Geography
• UNITED STATES
INSIGHTS FROM SELLERS
The US essential oils market is highly competitive and moderately consolidated. The US has a moderate number of major players and several minor players. The players in the industry concentrate on developing innovative products and expanding their product portfolio through enormous investments in research and development. Although the established players dominate the industry, there are also great growth opportunities for other newcomers as they target the lower end markets or cities by making low cost products. The competitive intensity of the market is higher in the northern and southern parts of the United States due to the large number of end-user industries that drive the demand for essential oils.
Prominent providers
• Artisan Aromatics
• Doterra
• Eden Botanicals
• Labermuth
• The truth of nature
• Now groceries
• International nurse
• Rocky Mountain oils
• The Essential Oil Company
• Ungerer
• WFMED
• Young Living essential oils
IMPORTANT QUESTIONS ANSWERED
1. How big is the US essential oils market in the forecast period 2021-2026?
2. Which end-user segment has the maximum market share in the market?
3. What are the major trends in the essential oils market?
4. Who are the major players in the essential oil industry?
5. What factors are likely to drive the adoption of essential oils in the US?
Read the full report: https://www.reportlinker.com/p05995446/?utm_source=GNW
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