Important Oils Market Overview 2021-2026, Business Dimension, Share, Tendencies and Forecast – EcoChunk

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According to the latest IMARC Group report, titled Essential Oils Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026, the global essential oils market grew at a CAGR of around 7% from 2015 to 2020. Looking ahead, the market is expected to show moderate growth in the period 2021-2026.

We regularly track the direct impact of COVID-19 on the market, as well as the indirect impact of related industries. These observations are incorporated into the report.

Essential oils are obtained from the seeds, fruits, roots, stems, wood, bark, flowers, leaves etc. of a single plant species through steam distillation, expression and extraction of carbon dioxide (CO2). They have specific scents that are widely used in the manufacture of perfumes, soaps, shampoos, cleansing gels, etc. Essential oils also exhibit various therapeutic properties, which is why they are added in medicaments for aromatherapy or used as carriers in drug delivery applications. In addition, they are used to improve the sensory properties of various agricultural products such as food and feed.

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Market trends

The increasing prevalence of respiratory diseases primarily drives the demand for essential oils as they find numerous uses as decongestants, expectorants, antibacterial agents, etc. to treat cough, bronchitis and other respiratory diseases. In addition, essential oils are also gaining popularity as natural flavors in food products such as confectionery, candy, pickles, soft drinks, etc., which further enlarges the world market. In addition, the increasing use of products as odorous substances in paints and cleaning agents as well as in the synthesis of repellants, chemical preservatives, edible film coatings etc. acts as a further growth factor. In addition, the increasing adoption of essential oils to extend the shelf life and promote the safety of food including dairy, seafood, cereal products, etc. is expected to catalyze the world market in the forecast period.

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List of Key Companies Covered In This Market Report:

  • Biolandes
  • doTerra
  • Essential Oils from New Zealand Ltd.
  • Falcon essential oils
  • Farotti SRL
  • FLAVEX Naturextrakte GmbH
  • Reynaud & Fils
  • Essential oils from India
  • Moksha lifestyle products
  • Rocky Mountain Oils LLC
  • Sydney Essential Oil Co. (SEOC)
  • The Lebermuth company
  • Ungerer Limited
  • Young Living essential oils.

The report has segmented the market based on product, application, sales channel and geography.

Breakdown by product:

  • Cedarwood Oil
  • Eucalyptus oil
  • Lavender oil
  • Lemongrass oil
  • Rosemary oil
  • Tea tree oil
  • Ylang-ylang oil
  • Other

Distribution according to application:

  • Medical
    • Pharmaceuticals
    • Nutraceuticals
  • food and drinks
    • Bakery and pastry shop
    • beverages
    • Meat, poultry and seafood
    • Other
  • Wellness and relaxation
    • Aromatherapy
    • personal hygiene
    • cosmetics
    • Toiletries
    • Other
  • Cleaning and home
    • Kitchen cleaner
    • Floor cleaner
    • Bathroom cleaner
    • Other
  • Other

Distribution according to sales channel:

  • Offline shops
  • Online stores

Distribution according to geography:

  • North America (USA & Canada)
  • Europe (Germany, UK, France, Italy, Spain, Russia and others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Main highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently included in the scope of the report, we can provide it to you as part of the customization.

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