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Essential Oil Market

The research report on Essential Oil Market is segmented By Extraction Technique, Product Type, and By Application - Size, Share, Growth, Trends, Outlook, and Opportunity Analysis, 2018-2026
Essential Oil Market - Size, Share, Trends, Outlook,
and Opportunity Analysis, 2018-2026
Essential oils are the volatile aromatic oils plant extracts, originating from flowers,
seeds, stem, bark, leaves, and roots. These oils as they represent the flavor and
aroma of the plant from which they are extracted. Essential oils are also known as
ethereal oils, volatile oils or aetherolea, and are extracted through several processes
such as distillation. These oils are used as aromatic and flavoring agents, as they
contain several organic compounds such as terpenes, phenols, alcohols, aldehydes,
ketones, lactones, coumarins, esters, and ethers. Therapeutic properties of essential
oils depend upon the plant it is extracted from.
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Owing to such therapeutic and aromatic properties, the demand for essential oils is
increasing. Increasing demand for natural products, in turn, is increasing the demand
for essential oils in the food and beverages, cosmetics, personal care, and
healthcare industries. Growing popularity of aromatherapy as well as increasing
consumer awareness regarding the benefits of essential oils and related herbal
products are major factors driving growth of the market for essential oils. However,
low availability of raw materials is the major factor restraining growth of the essential
oil market.
The market in Asia Pacific is projected to witness significant growth, owing to
increasing demand for natural oil-based products and growing disposable income
among the populace. The growing in the food and beverages, and healthcare
industries in China and India, as well as increasing inclination towards aromatherapy
are fueling growth of the essential oil market in the region. According to India Brand
Equity Foundation (IBEF)—trust established by the Department of Commerce,
Ministry of Commerce and Industry—the fast moving consumer goods (FMCG)
sector in India is expected to reach US$ 103.7 billion by 2020. FMCG sector in India
consists of 19% food and beverages, 31% healthcare, and 50% household and
personal care products. These sectors are major consumers of essential oils. Thus,
the demand for essential oil is expected to increase in India, in turn, propelling
growth of the essential oil market in Asia Pacific.
Europe holds a dominant position in the essential oil market, owing to increasing
demand for natural beauty products and cosmetics, medicines, and nutraceuticals in
the region. The increasing health
Key Players in the Global Essential Oil market
Key players in the essential oil market are adopting inorganic approaches to retain
their foothold in the global market. Some key players operating in the essential oil
market are Biolandes, doTERRA International, Essential Oils of New Zealand, Farotti
SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Rocky
Mountain Oils LLC, Co. Pty Ltd, The Lebermuth Company, West India Species, Inc.,
and Young Living Essential Oils.
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