Essential Oil Market

Essential Oil
Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and
Industry Forecast,
2015-2022

Introduction
• Essential Oil Market is expected to reach $11.188 million by 2022, with a
CAGR of 8.7% from 2016 to 2022.
• The major factor boosting the market growth is the increasing consumer
preference for natural and organic products be it cosmetics, food or
similar other product categories.
• Government support and favorable regulations are likely to offer lucrative
opportunities for market growth.
• In addition, Asia-Pacific region is expected to register the highest CAGR
during the forecast period.
• Europe is the dominant market and is expected to be the leading
contributor to the global revenue throughout the analysis period, owing
to the high adoption of essential oils in this region.

Key Factors of the Market
• Some of the key driving factors of the market are rising inclination
towards natural products, growing popularity of relaxation therapies,
increasing disposable income resulting in better standards of living, and
growing awareness of the probable side effects of chemical substances.
• Increasing use of essential oils in spa & aromatherapy, flavoring, and
fragrance industries has significantly fueled the market growth.
• Essential oils are used in numerous sectors including food & beverage,
medicines, wellness & cleaning, spa & aromatherapies, and cosmetics
amongst others.
• Superior antibacterial & antiseptic properties, and aromatic flavor of
these essential oils have boosted their overall adoption.

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Key Benefits of the Market
• Europe is estimated to be the highest revenue-generating region in the essential oil
market in 2015, due to high adoption of innovative essential oil solutions in different
applications.
• Asia-Pacific region is expected to grow with a CAGR of around 11%, due to rapid
urbanization and the growing preference for natural ingredients in food and
cosmetics products in this region.
• Orange essential oil generated maximum revenue in 2015 and is likely to dominate
the market during the forecast period. However, corn mint essential oil is expected to
grow at the highest during the forecast period.
• Among the different key applications, food & beverages is anticipated to be the
leading revenue contributor throughout the analysis period.

Market Segmentation

Key Players of the Market
• doTERRA International
• Biolandes
• Sydney Essential Oils Co. Pty Ltd
• Young Living Essential Oils
• Farotti S.R.L
• The Lebermuth Company, Inc
• Essential Oils of New Zealand Ltd
• H.Reynaude & Fils
• Moksha Lifestyle Products
• West India Species, Inc.
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