Essential Oil Market Size is projected to reach USD 32.83 million

According to data from Data Bridge Market Research, the essential oil market had a value of USD 16 million in 2021 and is projected to grow to USD 32.83 million by 2029 at a CAGR of 9.4% over the forecast period of 2022–2029. The market report created by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and consumer behaviour in addition to market insights like market value, growth rate, market segments, geographical coverage, market players, and market scenario.

Global Essential Oil Marketing report helps to understand valuable trends, an insight into consumer behavior, and visualizations that will empower to conduct effective competitor analysis. With such market report, businesses can be made more intelligent and more efficient that ultimately meet the needs of target audience. This, in turn, will accelerate the commercial success significantly. This full market research report brings the results of market-driven research to life, giving users a data analysis tool to create actionable strategies from a range of consumer-driven insights. To get a holistic view of the market, a large scale Essential Oil Market research report works the best.

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WHAT IS ESSENTIAL OIL MARKET?

Essential oils are concentrated extracts of plant parts such as leaves, herbs, and barks. These are volatile, aromatic plant essences with flavoring properties that make them extremely useful in food and beverage, cosmetics, home care and cleaning, aromatherapy, and fragrance applications.

COVID-19 Impact on Essential Oils Market

Despite the fact that the COVID-19 pandemic had a negative impact on several industries, the essential oils market grew during this time. As mentioned essential oils have antimicrobial, antioxidant, and anti-infective properties, they are used to treat a variety of health conditions such as stress, immunity disorders, sleep disorders, and depression. As a result, the importance of the essential oils market increased during the pandemic as the number of patients with mental health problems increased, propelling the market's growth.

Recent development

Firmenich completed the acquisition of Les Derives Résiniques et Terpeniques, a global leader in the development and supply of high-quality, renewable, and naturally derived ingredients, in May 2020. This acquisition would position Firmenich as a leader in renewable ingredients for perfumery and other applications.
dôTERRA announced several new essential oil products and diffusers in October 2020 and three new wellness programmes to help people focus on their specific health goals.
Givaudan acquired Myrissi in February 2021. Givaudan's long-term Fragrance Beauty strategy would be aided by the acquisition of Myrissi. Their AI expertise would help Givaudan propose new organoleptic approaches to consumers.

ESSENTIAL OIL MARKET SEGMENTATION

Extraction method

Distillation
Cold Press Extraction
Carbon Dioxide Extraction
Solvent Extraction
Others

Products

Lavender Oil
Lemon Oil
Orange Oil
Frankincense
Chamomile Oil
Lime Oil
Rosemary
Tea Tree
Patchouli Oil
Lavandin Oil
Lemongrass Oil
Citronella Oil
Balsam
Bergamot
Mandarine Oil
Eucalyptus Oil
Clove Oil
Cedarwood Oil
Coriander Oil
Basil Oil
Cornmint Oil
Peppermint Oil
Spearmint Oil
Litsea Cubeba Oil
Others

Application

Spa and Relaxation
Aromatherapy
Massage oil
Personal care
Fragrance
Cosmetics
Cleaning and Home
Food and Beverages
Medical
Others

Distribution channel

Direct
Retail
Supermarket/hypermarket
Online retailing

BASIC QUESTIONS ANSWERED

What are the main elements influencing the dynamics of the market?
What market factors and obstacles are present for Essential Oil Market?
What are the commercial risks and dangers facing the market for Essential Oil Market?
What recent developments have there been in the market for Essential Oil Market?
Which companies dominate the market for Essential Oil Market?
What tactical plans are the major players doing to expand the business?

KEY POINTERS COVERED IN ESSENTIAL OIL MARKET AND FORECAST TO 2028

Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Regulatory Framework and Changes
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

ESSENTIAL OIL MARKET COUNTRY LEVEL ANALYSIS

The countries covered in the Essential Oil Market report are-

U.S.
Canada and Mexico in North America
Germany
France
U.K.
Netherlands
Switzerland
Belgium
Russia
Italy
Spain
Turkey
Rest of Europe in Europe
China
Japan
India
South Korea
Singapore
Malaysia
Australia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
Saudi Arabia
U.A.E
South Africa
Egypt
Israel

To Gain More Insights about this Research, Visit @ https://www.databridgemarketresearch.com/reports/global-essential-oils-market

KEY MARKET COMPETITORS COVERED IN THE REPORT

GrainCorp (Australia)
Malteurop (France)
Rahr Corporation (US)
Boortmalt (Belgium)
Indesso, (Spain)
Lipoid Kosmetic AG,(Germany)
The Herbarie at Stoney Hill Farm, Inc.(U.S)
International Flavors Fragrances, Inc.(Netherlands)
Bell Flavors Fragrances (france)
Rutland Biodynamics Ltd. (Scotland)
Prakruti Products Pvt. Ltd (India)
AmbePhytoextractsPvt. Ltd. (Austria)
The Green Labs LLC (Nethelands)
Berje, Inc.(Italy)
Umalaxmi Organics Pvt. Ltd.(India)
DSM (Netherlands)

MAJOR TOC OF THE REPORT

Introduction
Industry Overview
Essential Oil Market Analysis
Environment Analysis of Essential Oil Market
Analysis of Revenue by Classifications
Analysis of Revenue by Regions and Applications
Analysis of Essential Oil Market Status 2022-2030
Sales Price and Gross Margin Analysis
Development Trend of Essential Oil Market Industry 2016-2021
Industry Chain Suppliers of Essential Oil Market with Contact Information
Conclusion of the Global Essential Oil Market Industry 2015 Market Research Report

Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-essential-oils-market

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Essential Oil Market Size is projected to reach USD 32.83 million

COVID-19 Impact on Essential Oils Market

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