Lucintel Blog: Lucintel Forecasts Essential Oil Market to Grow at a CAGR of 8%-9%

Thursday, July 8, 2021

Lucintel Forecasts Essential Oil Market to Grow at a CAGR of 8%-9%

According to the recent study the essential oil market is projected to grow at a CAGR of 8%-9% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for aromatherapy, rising demand for food and beverage and cosmetic applications, and growing demand for natural ingredients.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in essential oil market by application (food and beverage, cosmetic and toiletries, aromatherapy, home care, and health care), product type (orange oil, eucalyptus oil, cornmint oil, peppermint oil, citronella oil, lime oil, lemon oil, clove oil, spearmint oil, and others), method of extraction (distillation, carbon dioxide extraction, cold press extraction, solvent extraction, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/essential-oil-market.aspx

“Orange oil market is expected to remain the largest segment during the forecast period.”

Based on product type, the essential oil market is segmented into orange oil, eucalyptus oil, cornmint oil, peppermint oil, citronella oil, lime oil, lemon oil, clove oil, spearmint oil, and others. Lucintel forecasts that the orange oil is expected to witness the largest segment over the forecast period due to its various properties of being eco-friendly and non-greasy making it suitable for the usage in various applications.

“Within the essential oil market, the food and beverage segment is expected to remain the largest application.”

Based on application, the food and beverage segment is expected to witness the largest application over the forecast period due to rise in adoption of essential oil as a natural ingredient in preparation of food and beverage.

“Europe will dominate the essential oil market in near future.”

Europe is expected to be the largest region over the forecast period and Asia Pacific is expected to witness the highest growth over the forecast period due to the rise in awareness about functionalities, health benefits, and applications of essential oils in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/essential-oil-market.aspx

Major players of essential oil market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cargill, E.I. du Pont de Nemours and Company, Koninklijke DSM N.V., dôTERRA International LLC., Young Living Essential Oils, and Givaudan SA are among the major essential oil providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/essential-oil-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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