Essential Oils Market Size, Share, Trends and Forecast to 2026

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MarketsandMarkets Presents
Essential oils Market - Forecast to
2026https//www.marketsandmarkets.com/Market-Repo
rts/essential-oil-market-119674487.html

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The report "Essential oils Market by Type
(Orange, Lemon, Lime, Peppermint, Citronella, and
Others), Application (Food Beverage, Cosmetics
Toiletries, Aromatherapy, Home Care, Health
Care), Method of Extraction, and Region Global
Forecast to 2026" The global essential oils
market size is estimated to be valued USD 10.3
billion in 2021 and is expected to reach a value
of USD 16.0 billion by 2026, growing at a CAGR of
9.3 in terms of value during the forecast
period. In terms of volume, the essential oils
market is estimated to account for 253.2 KT in
2021 and is expected to reach at 345.4 KT by
2026, growing at a CAGR of 6.4 during the
forecast period.  Factors such as an growth in
awareness toward preventive healthcare,
improvements in the standard of living and rise
in double income households, along with increase
in demand for aromatherapy are some of the
factors driving to the growth of the essential
oils market.     Browse 381 market data Tables
and 63 Figures spread through 379 Pages and
in-depth TOC on "Essential oils Market Global
Forecast to 2026 Asia Pacific is estimated to
hold the largest market share during the forecast
period Asia Pacific accounted for the largest
share during the forecast period due to the
growing demand for meat and meat products in
developing and developing countries such as
China, India, and South Korea. The USDA is of the
view that factors such as increasing disposable
income, increase in population, and rapid
urbanization have significantly aided in the
growth of the market in this region. With the
westernization of diets in the various countries
in Asia Pacific, the demand for better quality
meat has been growing which calls for the need to
improve the overall health and productivity of
livestock species which further drives the growth
of the essential oils market. Download PDF
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• Report Objectives
• To define, segment, and estimate the size of the
  essential oil market with respect to its type,
  application, method of extraction, and region
• To provide detailed information about the major
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the complete value chain and influence
  of all key stakeholders, such as manufacturers,
  suppliers, and end users.
• To analyze the opportunities in the market for
  stakeholders and provide details of the
  competitive landscape for market leaders
• Primary Research
• The global market comprises several stakeholders,
  such as raw material suppliers, processors,
  end-product manufacturers, and regulatory
  organizations, in the supply chain. The
  interviews were conducted with market experts
  from the demand-side (feed manufacturers,
  commercial research institutions, agencies, and
  laboratories) and supply-side (manufacturers of
  cleaning chemicals such as hydrogen peroxide,
  chlorine compounds, quaternary ammonium
  compounds, carboxylic acids, and alcohols) across
  countries in the studied regions. This primary
  data was collected through questionnaires,
  e-mails, and telephonic interviews.
• Request for sample Pages https//www.marketsandma
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Driver Increase in demand for aromatherapy Aroma
therapy can be defined as the use of essential
oils for healing and cosmetic purposes. Essential
oils benefit the physiological as well as
psychological activity simultaneously in the
body, owing to which they are largely used in
aromatherapy. Until recently, aromatherapy was
considered a complementary therapy however, it
is currently considered a mainstream therapy. The
increased demand for aromatherapy could be
attributed to several factors, the most important
being the general rise in income in the past
decade. As incomes have increased, the consumers
tastes and preferences have also shifted toward
more sophisticated products. According to the
International Spa Association (ISPA), spa visits
have been growing each year. According to the
2019 US Spa Industry Study, the spa industry
witnessed an increase across the board in key
performance metrics. Opportunity Rise in
demand for natural ingredients The demand for
all-natural ingredients has lately been on the
rise mainly due to the growing awareness about
the benefits of natural ingredients and the
increasing disposable income, which results in
people spending more money on expensive natural
products. The increasing health consciousness
among people fuels this demand further by leading
to more liberal spending on good-quality natural
products, which would provide long-lasting
results. Make an Inquiry https//www.marketsand
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487  
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• Key Market Players
• This report includes a study on the marketing and
  development strategies, along with a study on the
  product portfolios of the leading companies
  operating in the essential oils market. It
  consists of the profiles of leading companies
  such Cargill, Inc. (US), DuPont (US), Koninklijke
  DSM N.V. (Netherlands), doTERRA International LLC
  (US), Givaudan SA (Switzerland), Young Living
  Essential Oils (US), The Lebermuth Company, Inc.
  (US), Symrise (Germany), Sensient Technologies
  Corporation (US), Essential oils of New Zealand
  (New Zealand), Firmenich SA (Switzerland),
  International Flavors Fragrances Inc. (US),
  Mane (France), ROBERTET SA (France), Rocky
  Mountain Oils LLC (US), BIOLANDES SAS (France),
  Falcon (India), Farroti (Italy), Indian Essential
  Oils (India), and Ungerer Limited (UK).
• Recent Developments
• In February 2020, IFF completed the previously
  announced merger of IFF and DuPonts Nutrition
  Biosciences (NB) business, pursuant to a
  Reverse Morris Trust transaction today. The
  combined company would continue to operate under
  the name IFF. Shares of the combined companys
  common stock would trade on the New York Stock
  Exchange under the symbol IFF.
• In October 2020, doTERRA announced several new
  essential oil products and diffusers, including
  three new wellness programs designed to help
  people focus on their specific health goals. The
  new products were announced in September at
  Pursue 2020.
• In February 2021, Givaudan acquired Myrissi
  (France). The acquisition of Myrissi would enable
  Givaudans long-term Fragrance Beauty strategy
  their expertise in AI would support Givaudan in
  proposing new organoleptic approaches to
  consumers.
• Speak to Analyst https//www.marketsandmarkets.co
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