Title: Essential oil market
1Essential Oil MarketSet to Exceed USD 453.2
billion by 2026 CAGR 6.8
- Essential Oil Market By Product Type (Lemon,
Lime, Orange, Corn Mint, Eucalyptus, Peppermint,
Citronella, Clove Leaf, Others) By Distribution
Channel (Offline Stores, Online Platforms) By
Application (Healthcare and Pharmaceutical,
Cleaning, Food and Beverages, Spa and Wellness,
Others) By Region Market Size Forecast, 2018
2026
2Essential Oil Market Estimate Forecast to 2026
According to a new report published by Polaris
Market Research the essential oil market is
anticipated to reach USD 16,172.2 million by
2026. In 2017, the orange essential oil segment
dominated the global market, in terms of revenue.
Europe is expected to be the leading contributor
to the global market revenue during the forecast
period. A significant increase in disposable
income, changing lifestyles, and initiatives by
market players to promote healthy lifestyles
drive the growth of this market. Other driving
factors include increasing incidences of stress
and anxiety, growing inclination towards use of
natural and organic products, and increasing
awareness regarding physical and mental health.
The use of essential oils in various applications
such as food and beverages, healthcare,
pharmaceutical, cosmetics, and aromatherapy
further propel the market growth. Increasing
demand in developing nations is expected provide
numerous growth opportunities to the market
players during the forecast period. There has
been a shift towards e-commerce and consumers are
increasingly purchasing essential oils through
online platforms. The variety of choices
available coupled with ease of purchase offered
by online platforms encourages consumers to buy
essential oils online, supplementing the growth
of the market.
3Essential Oil Market Scope
By Product Type By Distribution Channel By Application By Region Report Attributes
Lemon Lime Orange Corn mint Eucalyptus Peppermint Citronella Clove leaf Others Offline Stores Online Platforms Healthcare and Pharmaceutical Cleaning Food and Beverages Spa and Wellness Others North America Europe Asia Pacific Latin America Middle East Africa Historic year 2015-2016 Base year 2017 Forecast Year 2018-2026 Revenue (USD Million)
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4Essential Oil Market Estimate Forecast to 2026
The different types of essential oils in the
market include lemon, lime, orange, corn mint,
eucalyptus, peppermint, citronella, clove leaf,
and others. In 2017, the orange essential oil
segment accounted for the highest market share.
The increasing demand for orange essential oil is
owing to properties such as anti-inflammatory,
antidepressant, and antispasmodic. Use of orange
essential oil has a calming effect on mind and
body, and is used in various cosmetics products.
It is also used in various foods and beverages to
enhance flavor. Â The well-known companies
profiled in the report include Doterra
International LLC., Rocky Mountain Oils, LLC,
Naturals Together, Robertet SA, Now Health Group,
Inc., Biolandes SAS, Falcon Essential Oils,
Ungerer Limited, The Lebermuth Company, Flavex
Naturextrakte GmbH, Farotti Srl, and E. I. Du
Pont De Nemours and Company among others. These
companies launch new products and collaborate
with other market leaders to innovate and launch
new products to meet the increasing needs and
requirements of consumers.
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5Essential Oil Market Share
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