WHAT IS ESSENTIAL OIL MARKET?

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.

Essential Oil Market survey report has been formulated with the scrupulous efforts of an innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters. Market-related variables incorporated in this business research report such as current market trends, market division, new market section, industry anticipation, future bearings, opportunity analysis, key examination and arranging, target market, experiences and advancement in technology assist the organization to grow and expand in the current market scenario. For the clear and better understanding of facts and figures, the data is represented in the form of graphs and charts throughout Essential Oil Market document.

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MARKET DEFINITION

Essential oils are concentrated extracts of plant parts such as leaves, herbs, and barks. These are volatile, aromatic plant essences with flavouring 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

KEY POINTERS COVERED IN GLOBAL ESSENTIAL OIL MARKET INDUSTRY TRENDS AND FORECAST TO 2029

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Surface analysis market
  • Company profiling of top eight players of Essential Oil Market

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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)

BASIC QUESTIONS ASKED

  • Which companies dominate the Essential Oil Market globally?
  • What factors might prevent the worldwide market from growing throughout the expected time period?
  • Which geographic market offers the most enticing growth opportunities for companies that operate in this sector?
  • Which are the factors driving the Essential Oil Market during the forecast period?
  • What is the expected market value of the Essential Oil Market during the forecast period?

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

MAJOR TOC OF THE REPORT

  • Introduction
  • Market Segmentation
  • Executive Summary
  • Premium Insight
  • Market Overview
  • Covid-19 Impact on Tracheostomy Products in Healthcare Industry
  • Essential Oil Market, by Product Type
  • Essential Oil Market, by Modality
  • Essential Oil Market, by Type
  • Essential Oil Market, by Mode
  • Essential Oil Market, by End User
  • Essential Oil Market, by Geography
  • Essential Oil Market, Company Landscape
  • Swot Analysis
  • Company Profiles
  • Related Reports

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

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