According to IMARC Group’s latest report, titled “Essential Oils Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global essential oils market grew at a CAGR of around 7% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
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Essential oils are procured from the seeds, roots, stems, fruits, wood, barks, flowers and leaves of a single plant species using steam distillation, expression and carbon dioxide (CO2) extraction. They have characteristic fragrances and are extensively used to manufacture perfumes, shampoos, soaps and cleaning gels. Essential oils also have various therapeutic properties, due to which essential oils are also utilized in medications for aromatherapy or as carriers for drug delivery applications. Moreover, they are used to improve the sensory properties of agricultural items like food commodities and animal feeds.
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Essential oils help in treating cough, bronchitis and other respiratory disorders. A significant increase in the number of individuals diagnosed with respiratory diseases worldwide is primarily driving the demand for essential oils. Besides this, these oils are also gaining popularity as natural flavoring agents in food products, such as candies, confections, pickles, meat and soft drinks. Numerous other applications of essential oils include the synthesis of chemical preservatives, repellents, and edible film coatings, and as odorants in paints and detergents. Furthermore, the escalating demand for increased shelf-life of food products, the minimal addition of preservatives and protection of food from microbial contamination is anticipated to bolster the adoption of essential oils for promoting the safety and quality of seafood, dairy products, cereal-based items, etc.
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List of Key Companies Covered in this Market Report:
- Essential Oils of New Zealand Ltd.
- Falcon Essential Oils
- Farotti S.R.L.
- FLAVEX Naturextrakte GmbH
- Reynaud & Fils
- India Essential Oils
- Moksha Lifestyle Products
- Rocky Mountain Oils LLC
- Sydney Essential Oil Co. (SEOC)
- The Lebermuth Company
- Ungerer Limited
- Young Living Essential Oils.
The report has segmented the market on the basis of product, application, sale channel and geography.
Breakup by Product:
- Cedarwood Oil
- Eucalyptus Oil
- Lavender Oil
- Lemongrass Oil
- Rosemary Oil
- Tea Tree Oil
- Ylang Ylang Oil
Breakup by Application:
- Food and Beverages
- Bakery and Confectionery
- Meat, Poultry and Seafood
- Spa and Relaxation
- Personal Care
- Cleaning and Home
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaner
Breakup by Sales Channel:
- Offline Stores
- Online Stores
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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