“Essential Oils Market Data and Industry Growth Analysis”
The essential oils market is expected to grow from $ 8.46 billion in 2020 to $ 19.78 billion in size.
The market report “Essential Oils Market by Types (Citronella Oil, Clove Leaf Oil, Corn Mint Oil, Eucalyptus Oil, Geranium Oil, Jasmine Oil, Lavender Oil, Lemon Oil, Lime Oil, Orange Oil, Peppermint Oil, Rosemary Oil, Spearmint Oil, Tea Tree Oil and Other Types of Oil), Solvent Extraction and Other Extraction Methods), Applications (Food and Beverage, Spa and Relaxation, Medicine, Cleaning and Household), and Other Applications), Distribution Channels (Direct Sales, Multi-Level Marketing (MLM) Sales, and Retail Sales), and Region – Forecast to 2028 “. The essential oils market will grow with a CAGR of 11.2% through 2028 due to the increasing prevalence of cardiovascular disease.
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Based on the extraction method, the distillation segment is expected to account for the largest share during the study period. On the basis of the extraction method, the market is categorized into distillation, carbon dioxide extraction, cold press extraction, solvent extraction, and other extraction methods. The distillation segment has the highest share, which is strongly driven by its increasing use as temperature-sensitive materials such as aromatics.
Exploration provides a top-to-bottom study of the global essential oils market with various development openings and a breakdown by types, uses, key players, and geography. So much for drivers, restrictions, opportunities, trends and the competitive landscape. The analysis provides a strong platform for clients who need to enter the global market. The report additionally describes the research of the market supply chain as well as the cooperation of the main players in the industry and their future development information. The report includes strategic recommendations in key business segments based on market assessments and the most advanced innovations to deliver a great customer experience. Worldwide Essential Oils Market Survey has an overall breakdown of the country and region breakdown driving development, financial data and future advancements.
Based on the type, the Clove Leaf Oil segment is expected to have the highest CAGR over the forecast period. Based on the type, the market is divided into Citronella Oil, Clove Leaf Oil, Corn Mint Oil, Eucalyptus Oil, Geranium Oil, Jasmine Oil, Lavender Oil, Lemon Oil, Lime Oil, Orange Oil, Peppermint Oil, Rosemary Oil, Spearmint Oil, Tea Tree Oil, and other types of oils. The clove leaf oil segment is expected to have the highest CAGR during the forecast period due to the presence of various nutrients such as essential oil, protein, crude fiber and non-volatile ether extract (fat). India is the largest country importing cloves, followed by Singapore and the USA.
Geographically, Europe dominated the market during the forecast period.Based on geography, the market is divided into North America, Europe, Asia-Pacific, South America and the Middle East and Africa. Europe is expected to dominate the essential oils market. This is mainly attributed to the presence of tier 1 companies and the easy availability of raw materials. In addition, the growing demand for aromatherapy in key markets of Germany, France and the UK is expected to drive sales of plant-based essential oils.
The main players in this market are BIOLANDES SAS, Cargill, Inc, dôTERRA International LLC, DuPont, Falcon, Farroti, Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc, Koninklijke DSM NV, Mane, ROBERTET SA, Rocky Mountain Oils LLC, Sensient Technologies Corporation, Symrise, The Lebermuth Company, Inc, Ungerer Limited, and Young Living Essential Oils.
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