Essential Oils Market to Grow at CAGR 9% till 2021
Growing awareness regarding
health benefits of using essential oils, coupled with rising personal
disposable income to drive the global essential oils market through 2021
According to TechSci Research
report, “Global
Essential Oils Market By Product Type, By Application, By Region
Competition Forecast and Opportunities, 2011-2021”, global essential oils market is
anticipated to grow at a CAGR of around 9.4%, during 2016-2021, on the back of increasing
consumer awareness regarding health benefits associated with using natural
& organic personal care products containing herbal essential oils. Use of
synthetic additives & flavours in food & beverages industry is on the
rise, which causes various health related disorders. This has resulted in increasing
number of consumer shifting towards using products made from natural additives,
containing essential oils as use of essential oil strengthens the immune system
and have no side effects. Expanding online presence of major essential oil
manufacturing companies along with growing retail presence using various sales strategies
such as multi-level marketing, direct selling, etc. is expected to result in
augmented demand for essential oils across the globe
over next five years. However, complexities associated
with producing essential oils & limited availability of raw materials,
combined with lack of awareness among consumers in developing countries regarding
using essential oils and its benefits are some of the reasons restricting the growth
of essential oils. Young Living Essential Oils, Sydney Essential Oils,
Biolandes, H.Reynaud & Fils, The Lebermuth Co., etc. are of few of the
leading players operating in the global essential oils market.
Browse 61 market
data Tables and 99 Figures spread through 185 Pages and an in-depth TOC on "Global Essential Oils
Market"
https://www.techsciresearch.com/report/global-essential-oils-market-by-product-type-orange-eucalyptus-peppermint-lemon-citronella-and-others-by-application-food-beverages-medical-spa-relaxation-cleaning-home-by-region-competition-forecast-and-opportunities/816.html
Orange
essential oils accounted for the largest share in the global essential oils market
in 2015. Continuous product innovation and expanding application areas such as
using essential oils in food
packaging sector, as it helps in food preservation is expected to drive global
essential oils market during 2016-2025. Europe accounted for
lion’s share in the global essential oils market on account of huge
concentration of essential oil manufacturers in the region coupled with high
demand for essential oils emanating from countries such as France, Germany,
Italy and Spain, etc.
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“Rapidly
changing consumer preferences towards using natural additives containing
essential oils, as essential oils are 100% free from chemicals and contain no
synthetic products, along with increasing awareness about the health benefits
associated with essential oils and applicability of essential oils ranging from
fragrance to flavours, medicinal products, spa treatments, easy availability of
the product in brick and mortar retail format and through online point of sales
as well coupled with growing disposable income and rising health concerns are
the major factors contributing to the growth of essential oils market,
globally.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Essential Oils Market
By Product Type, By Application, By Region Competition Forecast and
Opportunities, 2011-2021” has evaluated the future
growth potential of global essential oils market and provides statistics and
information on market structure, size, share and future growth. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes
emerging trends along with essential drivers, challenges and opportunities in the
global essential oils market.
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