Zion Market Research published a new report on “Essential Oils Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026” in its database.
Alternatively, essential oils are also known as volatile oils and they are obtained from flowers, roots, leaves, stem, and several other parts of plants. Essential oils contain the real essence of the plants and aroma compounds. Mainly, essential oils are used in the food and beverages and cosmetics and personal care industries. Essential oils have several medicinal benefits thus it is also utilized in the pharmaceutical sector.
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Global Essential Oils Market: Growth Factors
Growth in the food and beverage sector and the rise in the disposable income has increased the demand for the added flavors and fragrances which are obtained using the essential oils. These fragrances are used in the massages, aromatherapy, and in other relaxation techniques for stimulation. The essential oils offer several health benefits which have increased the demand for the essential oils in the pharmaceutical and medical applications thus triggering the growth of the essential oils market. Other factors that are driving the growth of the essential oils market are increasing demand for the aromatic personal care products, growing popularity of the odorants and pharmaceutical ingredients, the rise in the R&D and technological advancements, and the growing disposable income. Developments in the spa and the relaxation sectors have positively benefitted the market.
Global Essential Oils Market: Segmentation
The global essential oils market is fragmented into the product type, method of extraction, and application. On the basis of the product type, the global market is categorized into lemon oil, peppermint oil, citronella oil, geranium oil, eucalyptus oil, tea tree oil, lavender oil, orange oil, lime oil, corn mint oil, spearmint oil, clove leaf oil, jasmine oil, rosemary oil, and others. Based on the method of extraction of the essential oils, the global essential oils market is segregated into carbon dioxide extraction, solvent extraction, distillation, cold press extraction, and others segment which is subdivided into resin tapping and maceration. On the basis of application, the market is classified as cosmetics & toiletries, home care, food & beverage, aromatherapy, health care, and others.
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Global Essential Oils Market: Regional Analysis
The Asia Pacific is anticipated to register a rapid growth in the essential oils market in the coming years. The factors that are driving the growth of the market in the region are a rise in the disposable income, growing interest in the use of the natural products such as essential oils by the consumers, and the rapid industrialization. Majority of the market share is anticipated to be contributed by North America. In North America, the U.S. leads the essential oils market and is the major exporter and importer of the essential oils. Major exports are to the countries such as Germany, Canada, Japan, and the U.K. Imports are from the countries such as India and France. The growth in the production of the essential oils coupled with the increasing demand from several end-user industries increases the demand for the essential oil products worldwide.
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Global Essential Oils Market: Competitive Players
Some of the most important market players in the essential oils market include Biolandess SAS, E.I. du Pont de Nemours and Company, Young Living Essential Oils, Givaudan SA, Sydney Essential Oil Co., Koninklijke DSM N.V., and Cargill, among others.
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