The global essential oil market demand is projected to reach 184 tons in 2016; growing consumer awareness regarding heath benefits associated with natural and organic personal care products is expected to remain a key driving factor for global essential oil market over the forecast period. Global essential oil market demand was 177 tons in 2015 and is expected to grow at a CAGR of 7.3% from 2015 to 2020, which market size to reach $9.58 Billion by 2020.

Growth of organic product industry has prompted major manufacturers to shift their focus from synthetic to natural additives. Growing use of essential oil in the preparation of natural flavors and fragrances on account of their increasing demand across key end-use industries is also expected to fuel the market growth.

Essential oils are generally extracted by distillation, often by using steam. Other processes include expression, solvent extraction, absolute oil extraction, resin tapping, and cold pressing. They are used in perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products.

World top manufacturers operating in the global essential oil market includes Young Living Essential Oils, MHP International, Sydney Essential Oils, HRF, The Leburmuth Company, DoTerra, Essential Oils of New Zealand, Plant Therapy Essential Oils, Farotti Essenze, Moksha Lifestyle Products, West India Spices Inc., etc.

Read Full Report: http://www.gosreports.com/global-essential-oils-industry-2015-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 001-510-400-8520
Web: www.gosreports.com
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