August 2019
BWC19195

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global essential oils market bwc19195
Global Essential Oils Market: Overview
Global Essential Oils market is
expected to grow with a with a significant CAGR during the forecast period
2018-2025, owing to growing consumer tendency towards natural and
nutritive food & beverages, personal care, and aromatherapy products, increased use of essential oils in medicines are
driving the growth of the overall market. Moreover, the rising disposable
income of consumers, especially in developing and emerging regions, who are
willing to spend premium amount towards healthy, natural, and nutritional
products fuelling the market.
Growing consumer tendency towards
natural and nutritive food & beverages is majorly driving the market.
Nowadays, consumers across the globe are inclined to buy products that do not
involve modern synthetic inputs and will be beneficial for their health in the
long run. Organic food products made with essential oils are safer than the
widely available ones because there is no utilization of fertilizers,
pesticides, fungicides, etc. The presence of pesticides in the food products results into a number of diseases like
asthma, birth defects, cancer, reproductive dysfunction, diabetes, autism,
Parkinson’s and Alzheimer’s diseases and much more. Essential oils have healthy
and therapeutic benefits. They help extend the shelf life of the food products
as they have antioxidant and antimicrobial effects. All these factors are
positively driving the market.
Global Essential Oils Market: Product Type Analysis
Essential Oils are segmented in
various types which include Lavender, Orange, Eucalyptus, Peppermint, Lemon, Spearmint, Rosemary,
Tea Tree.
·
Orange Essential Oil segment is growing
extensively with a significant CAGR during the forecast period. Orange has a
wide variety of use in domestic, industrial as well as medical sector. In
domestic sector, it is used to as an added flavor whereas industrially it is
used as extracts in soaps, lotions, creams, room fresheners, soft beverages,
biscuits, confectionery, etc. Increasing demand from the food and beverage
industry is growing the orang essential oils market.
· Eucalyptus Essential oils in the global essential oils market is growing with a significant CAGR during the forecast period. Eucalyptus has various medicinal properties and is widely used in making of various medicines like chest rubs, sore throat sprays, inhalers, mouthwashes, etc. Demand for essential oil infused medicines across the globe is surging the demand for Eucalyptus essential oils.
Global Essential Oils
Market: Application Analysis
·
Food & Beverages is the fastest growing
segment in the global essential oils market during the forecast period. People
are increasingly becoming health conscious and thus opting for natural and
mineral enriched foods. More and more food & beverage manufacturers are now
thus shifting towards using essential oils for flavouring of foods since they
are natural and they provide so many health benefits equally.
·
Spa & Relaxation is the second fastest
growing market for essential oils globally. Essential oils have so varied
qualities and benefits that more and more spas and salons are using them to
provide relaxing massage, release stress, provide antidepressant, antiseptic
and other benefits.
Global Essential Oils Market: Distribution Channel Analysis
·
Online Stores segment for the essential oils
market is the fastest growing market and is expected to grow significantly with
a healthy CAGR during the forecast period. Availability of all types of
products at the convenience of the consumers is majorly driving the market.
With the advent of technology, people can now choose from a variety of options,
order at any time of the day, pay according to their convenience, and get the
products delivered at their door steps. Thus, more and more people are shifting
towards online suppliers to buy the essential oils and products.
· Supermarkets & Hypermarkets are growing steadily with a significant CAGR during the forecast period. Supermarkets and hypermarkets are huge markets where a lot of products are available and displayed for customers to know and choose from. Availability of all variants, flavours, sizes etc. are constantly driving the growth of supermarkets & hypermarkets in the essential oils market.
Global Essential Oils Market: Regional Analysis
·
North America is the leading region in the
essential oils market and will grow with a steady CAGR during the forecast
period. The market is mainly growing due to people growing more and more
concern about their health and wellness along with introduction of
complementary and alternative medicines.
· Asia Pacific is the fastest growing region in the global essential oils market with a significant CAGR during the forecast period. Rising preference for natural ingredients in food and beverages and other products as well is majorly driving the market. India is expected to contribute for the highest market share followed by China.
Global Essential Oils
Market: Competitive Dynamics
The Global Essential Oils market is dominated by a number of
players, amongst them the major players are Biolandes, doTERRA International
LLC, Essential Oils of New Zealand Ltd., Sydney Essential Oils Co. Pty Ltd,
Young Living Essential Oils, The Lebermuth Company, Inc., Moksha Lifestyle
Products, Farotti S.R.L., India Essential Oils, and Cargill. Companies in this
industry are following different strategies to strengthen their market
position.
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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