India Essential Oils market to grow at a Significant Rate through FY2027
High demand for products
having high nutritional value and health benefits is expected to drive the demand
for India essential oils market for the forecast period.
According to TechSci Research report, “India
Essential Oils Market By Type (Walk-In Units, Reach-In Units,
Merchandisers, Display Cases, Undercounter Units, Back-Bar Coolers, Prep
Tables) By End User (Hotels & Restaurants, Supermarkets & Hypermarkets,
Convenience Stores, Bakery, Others) By Company, By Region, Forecast &
Opportunities, FY2027”, The India essential oils market is expected to witness
steady growth for the next five years. Essential oils are said to be highly
concentrated oils which are extracted to obtain their fragrance and flavor.
These are extracted from stem, roots, leaves, bark, and other part of plants
and are highly volatile aromatic compounds. Essential oil aids in maintaining
the health of an individual by having properties such as antimicrobial,
antioxidant, and anti-infective properties which is a major reason to ensure
high demand of essential oils. Changing lifestyle leading to higher stress, and
depression is creating the need for products which are helpful to maintain
consumer mental state. Distillation is the process of essential oil extraction,
and it separates components of mixture by the process of evaporation and
condensation the vapor from liquid. This method is highly helpful for
temperature sensitive materials comprising including aromatic compounds. High
demand from consumers to use essential oil at residential spaces to enhance the
air freshness by adding drops of essential oil in aroma diffusers coupled with
increase in use of essential oil in taking aromatic baths is expected to foster
the demand for essential oils for the next five years. Young generation are
using essential oils to make homemade cosmetic products due to their medical
benefits and natural extracts.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in India imposed lockdown restrictions and
released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing. The demand for items which can improve
the immunity of the individual and maintain the health conditions and
cleanliness of a space are increasing at rapid rate. Increase in consumption of
high-quality food items and beverages, healthcare, aromatherapy, home care,
cosmetics and toiletries from different regions is expected in turn to raise
the growth of the essential oils market for the next five years.
However, low production of essential oils as they are
highly concentrated products along with depleting natural resources may hamper
market growth for the forecast period.
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India
essential oils market is segmented into product type, application, regional
distribution, and company. Based on product type, market can be further divided
into orange, eucalyptus, peppermint, lemon, citronella & others. The orange
product type segment is expected to hold major market share for the forecast
period. Cosmetic manufacturing industries are using orange essential oils to
develop products having higher product appeal and to enhance the sensory
appeal. Orange oil is beneficial in treating the skin of an individual by
improving the elasticity and tone of skin and treat acne and stretch
marks.
Doterra
India Private Limited, Biolandes Natural Extracts Private Limited, Falcon
Essential Oil, Bangalore, BO International Private Limited, Young Living
Essential Oils India Private Limited, Mother Herbs Private Limited (India
Essential Oil), Anjali Essential Oils Private Limited, SS Essential Oils
Private Limited (seller), Gangotri Essential Oils Pvt Ltd, The Wynaad Essential
Oils(India) Private Limited, Essential Oil Association of India, BMV Fragrances
Private Ltd, Indian AROMA Exports, Natures Natural India Pvt Ltd., Vinayak
Ingredients (INDIA) Pvt Ltd are the leading players operating in India essential
oils market. Manufacturers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several essential
oils manufacturers are coming up with their technologically advanced offerings.
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“Rise
in demand from pharmaceutical and medical industry due to health benefits
associated with essential oils is driving the growth of the market. Increase in
prevalence of bronchitis, cardiovascular disorders, and Alzheimer’s due to
presence of no side-effects of essential oils among others is paving the way
for the essential oils market growth. Implementation of regulations leading the
way for high demand of organic products as they are environment friendly in
nature is expected to propel the growth of the market until FY2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“India Essential Oils
Market By Type (Walk-In Units, Reach-In Units, Merchandisers, Display Cases,
Undercounter Units, Back-Bar Coolers, Prep Tables) By End User (Hotels &
Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery,
Others) By Company, By Region, Forecast & Opportunities, FY2027” has
evaluated the future growth potential of India essential oils market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of India essential oils
market.
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