Global Essential Oils Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global essential oils market in its upcoming report titled, “Global Essential Oils Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global essential oils market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global essential oils market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global essential oils market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global essential oils market report has been segmented on the basis of product, application, and region.

An essential oil is a concentrated hydrophobic liquid containing volatile aroma compounds extracted from plants. Essential oils are also known as volatile oils, ethereal oils, or aetherolea. Essential oils are extracted by distillation using steam. Some other processes are also available in market for extraction purpose such as solvent extraction, absolute oil extraction, resin tapping, and cold pressing. Essential oils are majorly used in perfumes, cosmetics, soaps, and other products – for flavouring food & drinks, household cleaning products, and beauty products to increase fragrance.

Increasing consumer preference for natural and organic products, owing to increasing awareness of natural products is a key factor driving growth of the global essential oils market. Furthermore, increasing adaption of natural flavours and fragrances from various applications such as personal care, home care, beauty products, food & beverages, aromatherapy, etc. is expected to fuel growth of the global essential oils market over the forecast period. Moreover, rising demand for essential oils in aromatherapy, and numerous natural therapies are further expecting to fuel growth of the global essential oils market near future.

However, high cost, alternative synthetic substitutes, and less availability of raw material are key factors restraining growth of the global essential oils market.

Government initiative, and favourable regulations are expected to provide potential opportunities for market players in the global essential oils market.

The market in Europe is expected to be the major contributor in terms of revenue share in the global essential oils market, owing to rising demand for natural cosmetics & beauty products, home care, and food industry. The market in North America accounted for second-highest revenue share in the global essential oils market, owing to high capita income, government support, and taxation benefits are contributed to increase demand for essential oils in developed countries in this region.

Global Essential Oils Market Segmentation:

Global essential oils market segmentation by product:

• Orange
• Corn mint
• Eucalyptus
• Citronella
• Pepper mint
• Lemon
• Clove leaf
• Lime
• Spearmint
• Others

Global essential oils market segmentation by application:

• Medical
• Food & Beverages
• Spa & Relaxation
• Cleaning & Home
• Others

Global essential oils market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa