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Essential Oils Market by Product Type, Method of Extraction, Application, and Region - Global Forecast to 2022

Essential Oils Market: Global Forecast until 2022

  • June 2017
  • 178 pages
  • ID: 4988913
In this report:
According to the World Health Organization, more than ##% of the world's population lived in urban areas in 2014 as compared to ##% in 1960; this is expected to grow at an average annual growth rate of ##.##%, approximately.
According to the International Trade Centre (ITC), it also stood as the highest importer of essential oils; with France, Germany, and the U.K. constituting ~##% of the world imports in 2015.

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"The essential oils market is estimated to rise at a compound annual growth rate of ~8.8 percent."

The essential oils market is estimated to grow ~$11.2B by 2022 at a Compound annual growth rate of ~8.8 percent from 2017. The growing double income households, along the growth in end-use applications of essential oils are the key factors driving the increase of the essential oils market. The booming aromatherapy market, which is the main consumer of essential oils according to its medicinal and relaxing properties, is another reason for the exponential rise of essential oils in the worldwide market. Nevertheless, the main factors restraining the increase of this market is the side effects combined with certain essential oils.

"Orange oil segment led the essential oils market, by category, with the biggest market share in 2017"

Orange belongs to the Rutaceae family and is widely used as an essential oil. Orange oil is primarily manufactured through the cold press extraction method. Brazil (BR) is the leading producer & exporter of orange worldwide. Orange oil acts as an antispasmodic, sedative, aphrodisiac, anti-inflammatory, and antiseptic. Therefore, appreciation about the benefits of orange oil led to an growth in its demand from various end-use applications including food & beverage, aromatherapy, and health care.

"Europe (EU) to lead the industry in terms of market share between 2017 and 2022"

The sector for essential oils in the european area recorded for the biggest share in 2017. Germany (DE) is one of the main industries for essential oil products in EU. It is the third-largest country globally which imports & exports essential oils. Among various class, orange oil is used extensively in different end-use applications including food & beverages, health care, and aromatherapy. The use of essential oils is more in aromatherapy due to its several health benefits including improving immunity and speedy recovery from illness.

The breakdown of the primaries on the basis of company, description, and area, conducted during the business research study, is mentioned as follows:

By Company Type: Tier 1 - 40.0 percent, Tier 2 - 40.0 percent, and 1/3 3 - 20.0 percent

By Designation: Director Level - 20.0 percent, C Level - 40.0 percent, and Others - 40.0 percent

By area: Asia-Pacific - 25.0 percent, Europe - 50.0 percent and North America - 25.0 percent

Top players are like follows:

The overall essential oils market is leaded by, is monopolized by main players including Cargill, DuPont (NYSE:DD, Koninklijke (DSM), and d?TERRA International LLC.. Other actors in the sector contain Young Living Essential Oils, Sensient Technologies Corporation, Symrise, and Mane.

Research Coverage

The essential oils market, on the basis of class, includes orange oil, lemon oil, lime oil, peppermint oil, corn mint oil, citronella oil, spearmint oil, geranium oil, clove leaf oil, eucalyptus oil, jasmine oil, tea tree oil, rosemary oil, lavender oil and others. On the basis of application type, the sector is divided into food & beverages, cosmetics & toiletries, aromatherapy, home care, health care, and others. The main method of extraction considered include distillation, carbon dioxide extraction, cold press extraction, solvent extraction and others. On the basis of area, the sector has been divided into north america, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

Reasons to acquire this industry report

From an insight prospect, this market research has emphasized different levels of analyses - industry study, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape - coming out and high-growth segments of the overall essential oils market, high-growth areas, and sector drivers, market restraints, and alternatives.

The market research offers business insights on the following:

• Market Uptake: Exhaustive data on essential oil provided by key players in the overall market

• Product development/innovative products: In-depth understanding on upcoming equipment products, technologies, analysis & growth activities, and recent product launches in the essential oil

• Market development: Highlighted information about profitable emerging sectors

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall essential oils market

• opposing assessment: In-depth assessment of the market share, strategies, products, and manufacturing competences of key players in the overall essential oils market.

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