The global essential oils market size is expected to grow from USD 10.6 billion in 2021 to USD 22.3 billion by 2030, at a CAGR of 9.8% from 2022 to 2030.Below information is analyzed in depth in the report-
Global Essential Oils Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global Essential Oils Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five Essential Oils companies in 2023 (%)
Market Growth Mapping
Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.
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Essential Oils Market Segmentation:
This study offers a thorough segmentation of the Essential Oils market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the Essential Oils market.
By Product Outlook (Revenue, USD Billion, 2017-2030)
Orange
Corn Mint
Eucalyptus
Citronella
Peppermint
Lemon
Clove Leaf
Lime
Spearmint
Lavender
Others
By Method of Extraction Outlook (Revenue, USD Billion, 2017-2030)
Distillation
Carbon dioxide extraction
Cold press extraction
Solvent extraction
Other extraction methods (resin tapping and maceration)
By Application Outlook (Revenue, USD Billion, 2017-2030)
Medical
Food & Beverages
Spa & Relaxation
Aromatherapy
Massage Oils
Personal Care
Cosmetics
Toiletries
Fragrances
Others
Cleaning & Home
Others
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The key companies covered in the market report are:
Major compounding companies operating in the global market include MANE, Flavex Naturextrakte GmbH, Firmenich SA, Synthite Industries Ltd., Takasago International Corporation, Symrise, ROBERTET GROUP, International Flavors & Fragrances Inc., Givaudan, Falcon, BMV Fragrances Pvt. Ltd., VedaOils, MOKSHA LIFESTYLE PRODUCTS, Ultra International, Norex Flavours Private Limited, and VidyaHerbs.