The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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An essential oil, or volatile oil, represents a water-insoluble liquid that is obtained from the seeds, roots, wood, stems, fruits, leaves, barks, flowers, etc., of plant species by using steam distillation, carbon dioxide extraction, and expression processes.
It is commonly available in various types, such as lemongrass, cedarwood, lavender, rosemary, eucalyptus, etc. The essential oil has a unique fragrance and is utilized for making soaps, perfumes, shampoos, cleaning gels, etc.
In addition to this, it improves the sensory properties of agricultural items, including animal feeds and food commodities, as well as has several therapeutic characteristics. Consequently, essential oil finds extensive applications in numerous industries, such as personal care, healthcare, food and beverage (F&B), etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Essential Oil Industry Trends and Drivers:
The growing number of individuals diagnosed with respiratory, dermatological, and dental disorders across countries is primarily driving the essential oil market. Besides this, the emerging trend of naturopathy as an alternative to medicines that use natural and non-invasive treatment methods is further augmenting the global market.
Moreover, the widespread adoption of essential oils as edible film coatings, repellents, chemical preservatives, odorants, etc., in the production of paints and detergents is acting as another significant growth-inducing factor. Apart from this, the increasing utilization of a volatile oil for promoting the safety and quality of seafood, cereal-based items, minimally processed fruit and vegetables, etc., is also stimulating the market growth.
Furthermore, the introduction of active packaging systems to protect food products from microbial contamination, on account of the escalating demand for extended shelf-life and minimal addition of preservatives, is projected to fuel the essential oil market in the coming years.
Global Essential Oil Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global essential oil industry with the leading players profiled in the report.
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