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Essential Oils Market to Rise at 9.65% CAGR till 2026; Increasing Applications in Cosmetics Industry to Provide Impetus to Growth, says Fortune Business Insights

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Pune, India, Feb. 03, 2021 (GLOBE NEWSWIRE) — According to a recent report published by Fortune Business Insights™, the global essential oils market size is projected to reach USD 14.6 billion by the end of 2026.  The market was worth 7.03 billion in 2018 and will exhibit a CAGR of 9.65% in the forecast period 2019-2026.Essential oils are hydrophobic liquids that are extracted from plants. The oils capture scent and flavor or essence from the sources that they are derived. The growing trend of ‘green’ consumerism has primarily driven the adoption of essential oils. Additionally, the demand for naturally-derived products and their increasing preference over its synthetic counterparts will provide opportunities for market growth. The advances in ingredient formulation have enabled variations in product offerings. As a result, there is a huge potential for companies operating in the market. The increasing health awareness regarding the adverse effects of synthetic chemicals will lead to a subsequent rise in the demand for essential oils in major countries across the world.The report focuses on key aspects of the market and stresses the importance of several factors on the essential oils market in recent years. The competitive landscape has been discussed in detail and future predictions have been made with respect to recent performances. It provides a detailed analysis of key aspects of the market, with a primary focus on factors such as major companies and leading products. The data included in this report is obtained through trusted sources. Information is gathered through the opinions of world leaders and interviews of experienced market research professionals.
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List of the Leading Companies Profiled in the Global Essential Oils Market are:Biolandes SASGivaudan International SAInternational Flavors & Fragrances Inc.Symrise AGEnio Bonchev Production Ltd.The Lebermuth Company, Inc.Now FoodsPhoenix Aromas & Essential Oils LLCUltra International B.V.Young Living Essential Oils
Increasing Number of Product Launches to Aid Market GrowthThe report encompasses several factors that have constituted an increase in the global essential oils market size in recent years. Driven by the high demand for essential oils, companies are introducing newer products. In July 2019, doTERRA announced the launch of its custom-designed label that provides for its essential oils bottles. The company aims to provide a clear understanding of the ingredients in the essential oils market to its users. This will help streamline the products and maintain the clean-line trend for the company. In November 2018, Young Living Essential Oils extended its product offerings in South East Asia. The report includes product launches, similar to these and gauges the impact of these products on the global market.
North America and Europe Are Leading the MarketThe market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North Amerca and Europe are currently dominating the market. The growing incorporation of essential oils in cosmetic products by major companies across the world. The increasing demand for aromatherapy in European countries such as Germany, France, and UK will aid the growth of the market in this region.
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Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsOverview of the Parent/Related MarketsRecent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & AcquisitionsProduction, Trade and Consumption Patterns of Essential Oils – Analysis and ForecastGlobal Essential Oils Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeCitrusEucalyptusLavenderRosemaryTea TreeOthersMarket Analysis, Insights and Forecast – By ApplicationFood & BeveragesPersonal Care & CosmeticsPharmaceuticals and Medicinal FormulationsOthersMarket Analysis, Insights and Forecast – By GeographyNorth AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!
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Key Industry Developments:November 2018: Young Essential Oils announced the launch of a range of essential oils in the South East Asian market. The company plans to expand in the Phillipines.
Have a Look at Related Research Insights:Kombucha Market Size, Share & COVID-19 Impact Analysis, By Type (Natural and Flavored), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Health Stores, and Online Retail), and Regional Forecast, 2020 – 2027Mint Oils Market Size, Share & Industry Analysis, By Application (Oral Products, Confectionary Products, Pharmaceutical Products, Tobacco Products, Fragrance Products, Others) And Regional Forecast 2020-2027Fats & Oils Market Size, Share and Global Trend By Source (Vegetable, Animal), By Oil Type (Soybean, Palm, Sunflower, Olive, Rapeseed), By Animal Fats (Tallow, Butter, Lard), By Application (Food, Pharmaceutical, Personal Care, Industrial), and Geography Forecast Till 2026North America Fats & Oils Market Size, Share and Industry Analysis By Source (Vegetable (Soybean Oil, Canola Oil, Corn Oil, Palm Oil, Coconut Oil, Palm Kernel Oil, Olive Oil, Cottonseed Oil, Sunflower Oil, Peanut Oil, Safflower Oil, Sesame Oil, Linseed Oil, and Castor Oil), Animal (Lard, Tallow, Fish Oil, Butter)), By Application (Food & Non-Food Use), and Regional Forecast 2019-2026North America Vegetable Oils Market Size, Share and Global Trend By Type (Soybean Oil, Canola Oil, Corn Oil, Palm Oil, Coconut Oil, Palm Kernel Oil, Olive Oil, Cottonseed Oil, Sunflower Oil, Peanut Oil, Safflower Oil, Sesame Oil, Linseed Oil, Castor Oil), By Application (Food, Non-Food Use), and Geography Forecast till 2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
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