Essential Oil Market Size is Anticipated to Grow at a CAGR of 5.3% by Forecast to 2025, Predicts BlueWeave Consulting


Posted August 21, 2019 by smithdavid123

Essential Oils are segmented in various types which include Lavender, Orange, Eucalyptus, Peppermint, Lemon, Spearmint, Rosemary, Tea Tree.

 
Global Essential Oils Market is expected to grow with a with a significant CAGR during the forecast period 2018-2025, owing to growing consumer tendency towards natural and nutritive food & beverages, personal care, and aromatherapy products, increased use of essential oils in medicines are driving the growth of the overall market.

Growing consumer tendency towards natural and nutritive food & beverages is majorly driving the market. Nowadays, consumers across the globe are inclined to buy products that do not involve modern synthetic inputs and will be beneficial for their health in the long run. Organic food products made with essential oils are safer than the widely available ones because there is no utilization of fertilizers, pesticides, fungicides, etc.

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Key Players

The leading market players in the Global Essential oil market primarily 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)

Global Essential Oils Market: Product Type Analysis

Essential Oils are segmented in various types which include Lavender, Orange, Eucalyptus, Peppermint, Lemon, Spearmint, Rosemary, Tea Tree.

Orange Essential Oil segment is growing extensively with a significant CAGR during the forecast period. Orange has a wide variety of use in domestic, industrial as well as medical sector. In domestic sector, it is used to as an added flavor whereas industrially it is used as extracts in soaps, lotions, creams, room fresheners, soft beverages, biscuits, confectionery, etc. Increasing demand from the food and beverage industry is growing the orang essential oils market.
Eucalyptus Essential oils in the global essential oils market is growing with a significant CAGR during the forecast period. Eucalyptus has various medicinal properties and is widely used in making of various medicines like chest rubs, sore throat sprays, inhalers, mouthwashes, etc. Demand for essential oil infused medicines across the globe is surging the demand for Eucalyptus essential oils.
Global Essential Oils Market: Application Analysis

Food & Beverages is the fastest growing segment in the global essential oils market during the forecast period. People are increasingly becoming health conscious and thus opting for natural and mineral enriched foods. More and more food & beverage manufacturers are now thus shifting towards using essential oils for flavouring of foods since they are natural and they provide so many health benefits equally.
Spa & Relaxation is the second fastest growing market for essential oils globally. Essential oils have so varied qualities and benefits that more and more spas and salons are using them to provide relaxing massage, release stress, provide antidepressant, antiseptic and other benefits.
Global Essential Oils Market: Distribution Channel Analysis

Online Stores segment for the essential oils market is the fastest growing market and is expected to grow significantly with a healthy CAGR during the forecast period. Availability of all types of products at the convenience of the consumers is majorly driving the market. With the advent of technology, people can now choose from a variety of options, order at any time of the day, pay according to their convenience, and get the products delivered at their door steps. Thus, more and more people are shifting towards online suppliers to buy the essential oils and products.
Supermarkets & Hypermarkets are growing steadily with a significant CAGR during the forecast period. Supermarkets and hypermarkets are huge markets where a lot of products are available and displayed for customers to know and choose from. Availability of all variants, flavours, sizes etc. are constantly driving the growth of supermarkets & hypermarkets in the essential oils market.
Global Essential Oils Market: Regional Analysis

North America is the leading region in the essential oils market and will grow with a steady CAGR during the forecast period. The market is mainly growing due to people growing more and more concern about their health and wellness along with introduction of complementary and alternative medicines.
Asia Pacific is the fastest growing region in the global essential oils market with a significant CAGR during the forecast period. Rising preference for natural ingredients in food and beverages and other products as well is majorly driving the market. India is expected to contribute for the highest market share followed by China.
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BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. Our primary forte lies in publishing more than 100 research reports annually. We have a seasoned team of analysts working only for various sub-domains like Chemical and Materials, Information Technology, Telecommunication, Medical Devices/Equipment, Healthcare, Automotive and many more. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.

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Issued By Rahul Harsh
Country India
Categories Business
Tags forecast , outlook , trend
Last Updated August 21, 2019