Essential oil is a natural oil, normally produced by distillation with characteristic odor of the plant or other source from which it is extracted. Essential oils are also known as volatile oils, ethereal oils and aetherolea. There are different types of extraction techniques available in the market such as extraction by distillation or by using steam, solvent extraction, absolute oil extraction, resin tapping and cold pressing which is supporting the growth of essential oil market. Essential oils hold a potential application in the pharmaceutical industry owing to its antibacterial, antifungal, antiviral and antimicrobial characteristics.
Globally the essential oils market is mainly driven by increasing use of various types of essential oil in personal care and beauty products. Increasing consumer preference for organic flavors in food and beverages is supporting growth of the market. Growing demand for natural personal care products with pleasant aroma is further driving growth of the market. The rising popularity of essential oils in aromatherapy has created a huge demand for quality essential oils which is influencing the market growth.
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Essential oil extracted from orange due to its exceptional medical benefits including anti-inflammatory, antiseptic, and antidepressant. Essential oils are largely used in food and beverages as consumers are replacing herbs with essential oils to get more nutritional value in their food and beverage. Other use of essential oil are in health & wellness and in cleaning products as well since essential oil is sweet-smelling and a healthy substitutes for synthetic drugs. It is expected that due to all these the global essential oils market is expected to witness sustainable growth in coming years.
Latest Industry Updates:
Jan 2018 Rocky Mountain Oils has announced new product launch Ava Shield, a new line of all-natural personal and home care products without containing any harsh chemicals. The key to the effectiveness of Ava Shield is the inclusion of the top selling Immune Strength 100% pure essential oil blend from Rocky Mountain Oils.
Nov 2017 Organic Aromas maker of a wide range of premium aromatherapy products for the home and professional-use markets has announced the launch of several exciting and unique new products.
Mar 2015 Nu Skin Enterprises, Inc. has announced the upcoming introduction of Epoch Essential Oils in the United States, Canada and Latin America. The essential oils can be used topically or aromatically to provide a variety of sensory and wellness experiences and benefits.
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The essential oils industry is developing at a very fast face. The industry is continuously involved in product innovations to meet up consumer demands. The key players are continuously putting their efforts to bring up new oils for the consumers. The research & development still remains the major focus area for the industries to differentiate their products in the competitive market. Product promotions and active social media still remains the same mode of promotional strategy for the key players currently operational in the market.
The key players profiled in essential oils market report are Young Living (U.S.), doTerra (U.S.), Biolandes (France), The Lebermuth Co., Inc.(U.S.), Sydney Essential Oils (Australia), Shiv Sales Corporation (India), and Shaanxi Guanjie Technology Co., Ltd (India) among many others.
The global essential oil market has been divided into type, ingredients, application, and region.
On the Basis of Type: Pure Essential Oil, Compound Essential Oil, and Others
On the Basis of Ingredients: Orange, Corn Mint, Cedarwood, Eucalyptus, Chamomile, Lavender, Clary Sage, Citronella, Litsea Cubeba, Citrodora, Peppermint, Basil, Clover Leaf, and Others
On the Basis of Application: Fragrance & Flavor, Aromatherapy, Pharmaceutical, Cosmetics and Other
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
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Key players of the global essential oils market are North America, Europe and Asia Pacific. Among this Europe has the major market share followed by North America and is expected to maintain its dominant position in coming years due to the growing demand for natural cosmetic products, rising awareness and increasing adoption of innovative essential oil solutions in varied sectors where it is used. In North America high per capita income, governmental subsidies and tax benefits are encouraging the production and application of essential oils in various field. Rapid industrialization and increasing disposable consumer income are supporting the market growth in developing countries such as China and India.
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