Zion Research has released a new report titled “Essential Oil (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clover Leaf, Lime, and Spearmint) Market for Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global essential oil market was valued at USD around 5.50 billion in 2014 and is anticipated to reach around USD 9.80 billion in 2020, expanding at a CAGR of approximately 9% between 2015 and 2020. In terms of volume, the global essential oil market stood at 160.0 kilo tons in 2014.
Essential oils are referred as volatile or ethereal oil or aetherolea. An essential oil is a concentrated hydrophobic liquid and has volatile aroma compounds from plants. It is extracted from the wide range of herbs and plants including orange, corn mint, citronella, pepper mint, eucalyptus, lemon, lime, and spearmint among others. It can be extracted using different processes such as absolute oil extraction, resin tapping, solvent extraction, and cold pressing. Essential oils find widespread applications in perfumes, soaps, cosmetics, food and drink flavoring agent, and household cleaning products.
Browse the full “Essential Oil (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clover Leaf, Lime, Spearmint) Market for Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” report at http://www.marketresearchstore.com/report/essential-oil-market-z38554
Essential oils are raw materials from botanic sources employed in the fragrance and flavor industries. The recent development in aromatherapy field has opened up an important and new niche market for the essential oils. Increasing popularity of aromatherapy, which utilizes essential oils and aromatic compounds, has created significant demand for high quality oils. Furthermore, the rising interest in natural cosmetics and perfumes expected to propel demand of natural essential oils. Recent development in organic product industry is attracting manufacturers and consumers. Steady rise in demand for natural aromatic fragrances and flavors in, as spa and relaxation applications along with cosmetics, perfumes is anticipated to promote the demand for essential oils in the forecast period. However, availability of synthetic replacements and high cost of are the main concern for essential oils manufacturers.
The most frequently used essential oils are chamomile, lavender, tea tree oil, geranium, orange, jasmine, rose, lemon, rosemary, frankincense, and sandalwood among others. Out of different key product segments, orange was the widely used essential oil, which had over 35% share of the total volume consumption in 2014. Orange oil has exceptional medical benefits including anti-inflammatory, antiseptic, and antidepressant. Essential oil market’s application segments are medical, cleaning & home, food & beverage, spa & relaxation among others. In 2014, food & beverages application was leading segment and accounted for over 30% share of the total revenue generated. Spa & relaxation is also one of the major outlets for essential oil market.
Europe was the major regional market for essential oils in terms of both revenue and volume. European Union has intrinsically been the largest trader of essential oils. Increasing trend of natural medicines, cosmetics and beauty products, and nutraceuticals countries such as Germany, UK and France is propelling demand for essential oils in this region. Essential oil market in Asia-Pacific region is also expected to show good growth in the years to come. Most of the trade in essential oils happens in the European Union, East Asia, South America, and North American Free Trade Area (NAFTA). Africa and SADC region shows insignificant or very little trade.
Some of the key players in global essential oil market include Biolandes, HRF, Young Living Essential Oils, doTerra, Essential Oils of New Zealand, Sydella Laboratoire, The Lebermuth Company, Farotti Essenze, Sydney Essential Oils, Moksha Lifestyle Products, West India Spices Inc., Falcon, and Ungerer Limited.
Browse 55 Market Tables and 38 Figures spread through 70 Pages and an in-depth TOC on “Essential Oil Market – Global Size, Shares, Trends, Segment & Forecast to 2020”
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This report segments the global essential oil market as follows:
Essential Oil Market: Product Segment Analysis
- Corn mint
- Pepper mint
- Clover leaf
Essential Oil Market: Application Segment Analysis
- Food & Beverage
- Spa & Relaxation
- Cleaning & Home
Essential Oil Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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