Global Essential Oils Market is projected to grow at a CAGR of 9.82% from 2017 to 2025
Increase in consumer preference for natural personal care products, and rise in demand for flavours and fragrances from end-use industries among others are the major factors influencing the demand for essential oil. Orange oil segment, by product is estimated to hold the largest share in 2016, whereas the food & beverage application segment is projected to grow at a significant CAGR during the forecast period.
End-User Landscape (Consumer Profile): Adhesives & Sealants Market
Manufacturers such as the Biolandes, Sydney Essential Oils, HRF, The Lebermuth Company among others are investing extensively in the manufacturing and sale of essential oils, which presents a huge opportunity to essential oil suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
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Asia Pacific Essential Oils Market is projected to grow at the highest CAGR during the forecast period (2017-2025)
Rapid industrialisation in emerging economies in Asia Pacific along with the rise in disposable income of the individuals has created an additional demand in the region. China and India are expected to foster the demand of essential oils at a high CAGR during the forecast period. On the other hand, Europe’s essential oil market is estimated to hold the lion’s share in 2016. Increase in geriatric population in developed economies with the rising demand for natural cosmetics and beauty products has fuelled the demand for essential oils not only in Europe but also in North America.
Competitive Landscape:
Biolandes, Sydney Essential Oils, HRF, and The Lebermuth Company among others account for the major share in essential oils market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. Other key players in the essential oils market include, Moksha Lifestyle Products, doTerra, Young Living Essential Oils, West India Spices Inc., Sydella Laboratoire, Farotti Essenze, Essential Oils of New Zealand, Falcon and Ungerer Limited.
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