{"id":535570,"date":"2021-03-25T18:08:01","date_gmt":"2021-03-25T18:08:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=535570"},"modified":"2021-03-25T18:08:01","modified_gmt":"2021-03-25T18:08:01","slug":"essential-oils-market-size-worth-151-billion-by-2027-trends-growing-adoption-in-pharmaceutical-industry-and-increasing-availability-of-products-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/essential-oils-market-size-worth-151-billion-by-2027-trends-growing-adoption-in-pharmaceutical-industry-and-increasing-availability-of-products-reports-and-data_535570.html","title":{"rendered":"Essential Oils Market Size Worth $15.1 Billion By 2027, Trends \u2013 Growing Adoption in Pharmaceutical Industry and Increasing Availability of Products | Reports And Data"},"content":{"rendered":"
\"Essential<\/a><\/p>\n
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Essential Oils Market<\/div>\n<\/div>\n<\/div>\n
Inclination towards a youthful appearance, transition of consumer choice preference-chemicals to natural products, and rising trend of aromatherapy, are the key factors driving market demand.<\/div>\n

The Global Essential Oils (EO) Market<\/a><\/strong> was valued at USD 7.6 Billion in 2018 and is expected to reach USD 15.1 Billion by the year 2026, at a CAGR of 8.7%. EOs are antiseptic, antibacterial, disinfectant, and biotic in nature, and, depending on the essence used, they may be soothing and relaxing as well. This encourages the use of multipurpose oil in treating a wide variety of ailments. EOs may also be applied in several ways, the most popular being inhalations, compresses, bath, massage, and mainly mixed into creams, lotions, ointments, and vegetable oils.  Change in consumer preference from chemical products to natural products is one of the main driving factors. Another factor is its ability to act as a perfect substitute for various products, such as cleaning items, replacing the use of benzyl peroxide in the market.<\/p>\n

Continuous innovation and product launches by players in the market is likely to drive demand. In order to meet the market demand and supply, the manufacturers have been focusing on innovation and raising the efficiency of the production process. For instance, genetic engineering was used to regenerate transgenic plants, and these plants produced substantially more essential oil (about 50% yield increase) without a change in monoterpene. Similarly, EOs are used as preservatives extensively due to their low solubility, instability against environmental conditions, and susceptibility to oxidative degradation and decline in the antimicrobial activity. Therefore, the nanoemulsion formulation is being used. The delivery system of nanoemulsion-based EO is emerging as a viable solution to control the growth of foodborne pathogens.<\/p>\n

North America is projected to be a key revenue generating region for the market. This can be attributed to the increasing demand for bio-based personal care products and aromatic cleaning agents in the region. Moreover, the rising demand for organic processed foods and beverages is also likely to boost demand in the region. Presence of key players in the region including Biolandes SAS, doTerra International, Ungerer Limited, Aura Cacia, Young Living Essential Oils, and The Nature’s Bounty Co. to name a few, is also forecasted to create lucrative growth opportunities for the market.  Furthermore, the concentration of leading cosmetic industries in the region is also expected to boost the market growth.<\/p>\n

Further key findings from the report suggest<\/span><\/strong><\/p>\n