Important Oils Market Tendencies in Europe, Development Forecast and Business statistics Until 2026 – The Courier

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With consumer preference for natural and chemical-free ingredients increasing, the essential oil market size in Europe will experience accelerated expansion in the coming years. Essential oils are substances extracted from plants and whose smells, flavors, and other beneficial properties make them optimal for use in health, hair, and skin care products.

The numerous health benefits of essential oils are expected to fuel their demand in cosmetic, pharmaceutical, and medical applications. Essential oils made from ingredients such as rosemary, hyssop, lavender, sage, nutmeg, rose, and Roman chamomile are in demand for their various health benefits. Today’s hectic and busy lifestyle has created significant demand for various stress reliever measures such as aromatherapy, which is likely to increase product demand.

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As a result, the growing geriatric population and the prevalence of age-related health problems such as Alzheimer’s, bronchitis and cardiovascular disease are driving increased demand for essential oils in aromatherapy applications. Essential oils have no major side effects, making them much more accessible therapy options when compared to other compounds.

In addition to being a well-developed beauty and wellness center, Europe is also a major food and beverage market that offers the essential oils market numerous growth opportunities. The increasing consumption of desserts, dips, marinades and salads in meals across Europe is also fueling market growth.

As a result, some well-known companies are increasingly focusing on research and development activities to meet the rapidly growing product demand. Growing R&D leads to higher new product launches and promotes the business scenarios.

Below are some of the key trends that will shape this Essential Oils Market Growth in Europe:

Raising awareness of the benefits of lavender-based essential oils

In terms of product, the lavender essential oils segment had market sales of approximately $ 450 million in 2019. Growth of more than 9% is expected for the segment in the evaluation period. Geranium, jasmine, rosemary, and lavender essential oils are mainly used in hair care and cosmetic products. This is because of their inherent stress relieving properties when properly massaged onto the scalp. In addition, their ability to strengthen hair roots justifies their use in such products. In addition, lavender and rosemary essential oils help prevent acne, reduce complexion, and reduce headaches, creating a remarkable demand for these oils.

Growing acceptance in cosmetics and toiletries

Speaking of the range of applications: In 2019, the cosmetics and toiletries segment was valued at more than $ 400 million and is expected to show promising growth during the analysis period. The decreasing reliance on synthetic ingredients and the increasing consumer preference for natural oils in cosmetics and toiletries are likely to increase product demand. According to Cosmetics Europe, the European market for cosmetics and personal care products amounted to 77.6 billion euros in 2017.

Increasing prevalence of health disorders across Germany

At the regional level, sales of the essential oils market in Germany were estimated at over 450 million US dollars as early as 2019. For the regional segment, strong growth is forecast for the forecast period. This is mainly due to the numerous health benefits of aromatherapy and the high consumption of personal care and cosmetic products based on essential oils. In addition, the increasing incidence of various health problems such as heart disease, Alzheimer’s and bronchitis will also boost the regional essential oils market size.

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Key players making up the industry’s competitive hierarchy include Doterra, Royal DSM, Edens Garden, Sydney Essential Oil Co., Cargill Incorporated, Essential Oils of New Zealand Ltd., Sensient Technologies Corporation, Young Living Essential Oils, LLC ., Givaudan, Lebermuth, Inc. and FAROTTI SRL among many others. Prominent manufacturers also focus on introducing new products and implementing various strategies such as partnerships, collaborations and acquisitions to gain competitive advantage for business expansion.

Table of contents (ToC) of the report:

Chapter 3 Essential Oils Market Insights in Europe

3.1 Industry coverage

3.2 Industry outlook, 2015-2026

3.3 Value chain

3.4 Overview of the regulations

3.5 Essential Oils Market Factor Analysis

3.5.1 Growth drivers

3.5.2 Restrictions on Growth

3.6 Contest Review

3.7 Porter’s analysis

3.8 Analysis of raw materials

3.9 PESTEL analysis

3.10 Effects of COVID-19 on Essential Oils Demand by Application

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