New York, NY, Nov 03, 2020 (GLOBE NEWSWIRE) – Facts and Factors released a new research report titled “Essential Oils Market by Product (Orange, Eucalyptus, Cornmint, Peppermint, Citronella, Lemon, Lime, Clove, Spearmint ), and others), by application (cleaning and household, medicine, food and beverage, spa and relaxation and others) and by region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, History Developments, Current Trends and Forecasts, 2020–2026 ”.
According to the research study, the global essential oils market size was estimated at $ 7 billion in 2019 and is projected to reach $ 14.1 billion by 2026. The global essential oils market is forecast to experience an annual average growth rate (CAGR) of. grow 9.3% from 2020 to 2027.
It is estimated that increasing consumer demand for cosmetics and personal care products will drive the growth of the essential oils market. It is expected that the benefits of essential oil for the human body will create an increasing demand from the pharmaceutical industry.
Essential oil is the most famous natural oil extracted from plants. It has the distinctive smell of the plant from which it is extracted. Numerous pounds of plants are required to make the single bottle of essential oil. Aromatherapy is one of the most prominent uses of essential oil. The rise in human stress and anxiety is driving the demand for essential oil.
Search through 22 tables and 74 figures on 185+ pages and a detailed table of contents on the topic of Global Essential Oils Market Size, Share 2020, Updated Analytical Research Report, and Forecasts to 2026 “.
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Personal care products have a wide range of consumers. From young babies to old people consume essential oil through their consumers. From moisturizers to soaps to deodorants, all product categories use essential oil as an outstanding raw material. Aging populations around the world are creating sustainable demand for the essential oils market. The aging population is pushing consumers to use anti-aging personal care products. In addition, the negative impact on work-life balance has created anxiety and stress problems among the working population. Around 3 billion people are employed worldwide. According to data published by strees.org, around 94 percent of Americans experience stress. In addition, around 89 percent of India’s population suffer from anxiety and stress. Increasing stress is shifting the population towards aromatherapy. Essential oil is mainly used for aromatherapy; Demand for aromatherapy services is driving essential oil consumption.
The growth of aging populations around the world is creating a sustainable demand for personal care products. Essential oil is mainly used in personal care products. In addition, people suffering from anxiety and stress are driving essential oils market growth. Aromatherapy creates an increasing demand for essential oils. In addition, the chemical-based aromatic oil’s negative effects can have a negative impact on the human body. The shift towards organic and vegetable oils can create a lucrative opportunity for the essential oils market. However, organizations such as the United Nations have set strict standards for crop harvesting. The strict regulations governing plant harvesting may hinder the essential oils market growth.
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Top entrants in the essential oils market
The major players in the essential oils market are West India Species, Inc., Biolandes, Sydney Essential Oils Co. Pty Ltd., doTERRA International, Farotti SRL, Lebermuth, Rocky Mountain Essential Oils, Young Living Essential Oils, Moksha Lifestyle Products, India Essential Oil, Ungerer Limited, Falcon, Essential Oils of New Zealand, West India Spices Inc., Flavex Naturextrakte GmbH and H.Reynaude & Fils. West India Spices Inc. and Flavex Naturextrakte GmbH. Moksha Lifestyle Products, Sydney Essential Oils Co. Pty Ltd., Essential Oils of New Zealand, West India Species, Inc., Biolandes and doTERRA International are the leading players in the essential oils market which covers more than 25% of the market.
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Essential Oils Market: Dominance of Market Segment:
Depending on the type, the essential oils market is divided into orange, spearmint, eucalyptus, lime, cornmint, lemon, peppermint, clove, citronella, and others. The lemon category is gaining an outstanding market share due to the great demand. Based on the application, the market is divided into Food and Beverage, Spa and Relaxation, Cleaning and Household, Medicine, and Others. Cleaning and household as well as spa and relaxation gain the largest share of the market for essential oils. Based on the region, the market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. It is estimated that the North American market has a leading share of the essential oils market.
Orange is expected to lead the global essential oils market
The oranges category is expected to dominate the global essential oils market due to the non-greasy and environmentally friendly extraction processes. In addition, appropriate application in pesticides, household cleaners and therapeutic products will help fuel further market growth. In addition, the increasing sales of orange essential oil in the fragrance industry should support the market expansion.
The essential oils are liquids that are extracted from the stems, leaves, seeds, roots or flowers of the respective plant. Some of the common sources of essential oil are tea tree, lavender, orange, lemon, peppermint, and others. The essential oils are said to have antibacterial, antifungal, antiviral and antimicrobial properties. In addition, the ability of essential oils to bypass the digestive system has increased their use in improving digestion. It is also used in infants to swallow capsules or tablets and in some people to improve oxygenation.
Search the full Essential Oils Market by Product (Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lemon, Lime, Clove, Spearmint and Others), by Application (Cleaning and Household, Medicine, Food and Beverage, Spa and Relaxation and.) Others) and by Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends and Forecasts, 2020-2026 “report at https://www.fnfresearch.com / global-essential-oils-market-by-product-orange-eucalyptus-682
Regional dominance:
- North America is expected to hold the majority of the market share during the forecast period
North America is expected to hold the majority of the market share during the forecast period due to the increased use of essential oils in the food and beverage sector as well as in the pharmaceutical sector. The growth of the market in North America is attributed to a growing awareness of the benefits of essential oils and increasing investments in aromatherapy and body massages. Additionally, due to the growing consumer base and widespread application in the Asia-Pacific region, Asia-Pacific is expected to have the highest growth rate.
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This report segments the global Essential Oils Market as follows:
Global Essential Oils Market: Product Segmentation Analysis
- orange
- eucalyptus
- Corn mint
- peppermint
- Citronella
- lemon
- lime
- clove
- Green mint
- Other
Global Essential Oils Market: Application Segmentation Analysis
- food and drinks
- Medical
- Cleaning and home
- Wellness and relaxation
- Other
Global Essential Oils Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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