Market Research Report
Essential Oils Market Size, Share & Trends Analysis Report By Application (Cleaning & Home, Medical, Food & Beverages, Spa & Relaxation), By Product, By Sales Channel, And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||368040|
|Published||Content info||187 Pages
Delivery time: 1-2 business days
|Essential Oils Market Size, Share & Trends Analysis Report By Application (Cleaning & Home, Medical, Food & Beverages, Spa & Relaxation), By Product, By Sales Channel, And Segment Forecasts, 2019 - 2025|
|Published: February 5, 2019||Content info: 187 Pages||
The global essential oils market demand is estimated to reach USD 403.06 kilotons by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.6% during the forecast period. Growing aromatherapy applications coupled with rising consumption from the personal care & cosmetics industry is likely to fuel product demand over the forecast period.
The use of advanced extraction technologies coupled with traditional distillation methods for extracting essential oils from herbs, plants, fruits, and bark is expected to result in reduced production costs over the coming years. The orange essential oil segment is poised to rise at a steady pace owing to its increasing consumption in the personal care & cosmetics industry. Rising awareness regarding natural and organic products is projected to boost the demand for essential oils over the forecast period.
Essential oils have antibacterial, antiviral, and antibiotic properties; as a result, they have been known to treat diseases such as Alzheimer and cardiovascular and various other diseases. Longevity of lifespan and anti-aging nutrients offered by essential oils are anticipated to contribute to the growth of the market over the forecast period.
Increasing consumption of the product in the food & beverage industry is estimated to witness increased demand for natural and organic drinks and food products. These oils have purifying properties and can also be used as additions to salad dressings, aroma drinks, smoothies, salads, soups, sauces, and porridges. Growing consumer inclination towards healthy food products are expected to stir up the demand for the product in the food & beverage sector.
Changing demographics and consumer lifestyles, favorable research studies, rising health concerns, and technological advancements are escalating the growth of the market. Expansions and investments made by industry participants to meet increasing product demand in Asia Pacific are likely to offer significant market growth opportunities.
Prominent players involved in the expansion and development of the market include: DoTerra, Young Living Essential Oils, Essential Oils of New Zealand, The Lebermuth Company, NOW Foods, and India Essential Oils.