“Essential Oil Market Report: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2021-2026” provides a deep and thorough evaluation of the global essential oil market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2015-2020
Base Year: 2020
Forecast Year: 2021-2025
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Essential oils, or volatile oils, are hydrophobic liquids extracted from the fruits, wood, flowers, etc., of plants. They are generally derived via steam or water distillation, carbon dioxide (CO2) extraction, cold pressing, etc.
Examples of essential oils include cedarwood, eucalyptus, lavender, lemongrass, rosemary, tea tree, ylang-ylang, etc. These oils, which have characteristic fragrances and numerous therapeutic properties, are extensively used as medications for aromatherapy or as carriers in drug delivery applications.
Essential oils are utilized in manufacturing perfumes, soaps, cleaning gels, etc., across the globe.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Essential Oil Industry Trends and Drivers:
The inflating awareness regarding the health benefits of naturally sourced oils, such as healing irritated and scarred skin, relieving muscle tension, eliminating harmful bacteria, etc., is one of the key factors driving the essential oil market.
In line with this, the increasing usage of product variants in the form of decongestants, antibacterial agents, carminatives, etc., to treat cough, bronchitis, and other respiratory tract infections is acting as another significant growth-inducing factor.
Moreover, the widespread adoption of these oils in the conservation and preservation of several food products, including candies, confections, pickles, etc., is further catalyzing the market growth.
In addition to this, the shifting consumer preferences towards natural and organic food items with extended shelf-life and limited quantities of preservatives are anticipated to fuel the essential oil market over the forecasted period.
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Global Essential Oil Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global essential oil industry with the leading players profiled in the report.
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