The global essential oil market size will grow by USD 3.9 billion during 2019-2023. This report provides a detailed analysis of the market by application (food and beverages, recreation, and others) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several manufacturers including Aromaaz International, Bath & Body Works Direct, Inc., Frontier Co-op., NOW Foods, and Young Living Essential Oils.

Some of the key findings from our essential oil market forecast report are summarized below

Global Essential Oil Market

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Get a FREE sample now!
Global essential oil industry overview

The demand for aromatherapy is increasing globally because of its ability to reduce anxiety, ease depression, eliminate headaches, improve digestion, and reduce pain. Aromatherapy also helps in boosting energy levels and cognitive performance, speeding up the healing process, and strengthening the immune system. To cater to this growing demand, companies are offering essential oils developed exclusively for aromatherapy practices. The rising demand for aromatherapy will be a key trend that will positively impact the growth of the essential oils market.

The application of these oils is increasing across various sectors including healthcare and food and beverage industries. Essential oils are widely used as key ingredients in various foods and beverages. The anti-inflammatory property and the presence of vitamin C in basil oils makes it suitable for use in cosmetic applications such as the production of skin creams, dental creams, and mouthwashes. They are also used in massage therapies and the manufacturing of perfumes and scented beauty products. In addition to the growing popularity of aromatherapy, this expanding applications of these oils across various industries will drive the growth of the market at a CAGR of over 8% during the forecast period.
https://www.technavio.com/report/global-essential-oil-market-industry-analysis?tnplus=&utm_source=off_page&utm_medium=sb&utm_campaign=2020-ch-W30