Market Snapshot:
Essential oil is made from natural, 100% pure oil extracted by various distillation and method processes. These are extracted from various sources namely aromatic substances that are produced by the flowers, buds, leaves, roots, or seeds of plants and many more substances that have aromatic fragrances. The rising application of these oils that are used majorly in aromatherapy, a natural remedy to cure psychological stress and poor physical conditions. Essential oils are also used as food flavoring, cosmetic fragrances for perfume among other products. Therefore, the rising application of these oils in many sectors and domains is driving this industry.
Segment Analysis
AMA Research have segmented the market of Global Essential Oils market by Type, Application and Region.
On the basis of geography, the market of Essential Oils has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Adoption of Essential Oils for Body Massages Purposes is one of the Major Trend, Aromatherapy is Gaining Prominence, Especially among Urban Population and Growing Trend of Clean Labelling is a Key Trend to the Growth of Overall Industry
Market Drivers
Cumulating Application of these Essential oils is Driving the Market and Rising Shift of Consumers Towards Natural and Organic Products is Also Leading to Increased Usage Of Essential Oils in Cosmetics and Food And Beverages
Opportunities
Growth of End-Use Industries Such as Food & Beverage, Personal Care & Cosmetics, and Aromatherapy is Boosting the Industry and Several Overall Health Benefits Offered by these Oils are Anticipated to Fuel their Demand in Pharmaceutical and Medical Applications
Restraints
- High Cost of these Essential Oils
- Issues Related with Health Problems Caused by Essential Oils
In addition to the aforementioned factor, Cumulating Application of these Essential oils is Driving the Market
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are dôTERRA International LLC. (United States), Young Living (The Netherlands), Edens Garden (United States), Givaudan SA (Switzerland), Cargill (United States), Radha Beauty (United States), Majestic Pure (United States), Now Foods (United States), ArtNaturals (United States) and Healing Solutions (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.