MarketersMEDIA / Newsroom / Size & Share of Essential Oils Market Expected to Grow USD 14.1 Billion by 2026, Globally – Facts & Factors

Size & Share of Essential Oils Market Expected to Grow USD 14.1 Billion by 2026, Globally – Facts & Factors

Share This Press Release

Global Essential Oils market in 2019 was approximately USD 7 Billion. The market is expected to grow at a CAGR of 9.3% and is anticipated to reach around USD 14.1 Billion by 2026.

— According to the Facts and Factors, Research Report, the global Essential Oils market in 2019 was approximately USD 7 Billion. The market is expected to grow at a CAGR of 9.3% and is anticipated to reach around USD 14.1 Billion by 2026.

The essential oils are liquids extracted from the stems, leaves, seeds, roots, or flowers of the specific plant. Some of the common essential oil sources include tea tree, lavender, orange, lemon, peppermint, and others. The essential oils are considered to possess antibacterial, antifungal, antiviral, and antimicrobial properties. Furthermore, the ability of essential oils to by-pass the digestive system has increased its use in improving digestion. It is also used in infants to help swallow capsules or tablets and also for improving the oxygenation in some individuals.

Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/global-essential-oils-market-by-product-orange-eucalyptus-682

Market Drivers:

The growth of the essential oils market is basically due to the rising utilization of essential oils in myriad applications such as aromatherapies, flavor & fragrance, etc. Additionally, the healing properties of essential oils are likely to further help propel the growth of the global Essential Oils market during the forecast period. The growing acceptance of essential oils in the commercial, residential, and industrial application helps expand the market. The surging demand for natural preservatives is anticipated to increase the sales of essential oils, as well as provide new opportunities, during the forecast period. However, the high costs of essential oils are one of the key factors predicted to hamper the Essential Oils market.

Market Players:

Some of the ley players of the global Essential Oils market include H.Reynaude & Fils, Sydney Essential Oils Co. Pty Ltd., Biolandes, Farotti SRL, The Lebermuth Company, Moksha Lifestyle Products, Young Living Essential Oils, doTERRA International, West India Species, Inc., and Essential Oils of New Zealand.

Get an Additional List of Top Players, As for Free Report Brochure: https://www.fnfresearch.com/sample/global-essential-oils-market-by-product-orange-eucalyptus-682

Market Segment Dominance:

Orange is expected to lead the global Essential Oils market

The orange category is anticipated to dominate the global Essential Oils market due to the non-greasy and eco-friendly extraction processes. Furthermore, its suitable application in the pest controls, household cleaners, and therapeutic products further help surge the market growth. Apart from this, the increasing sales of orange essential oil in the fragrance industry are projected to bolster market expansion.

Food and Beverage category accounts for the majority of the market share of the global Essential Oils market during the forecast period

The food and beverage category is dominating the global Essential Oils market owing to the stringent government regulations concerning the limited use of synthetic flavors or essence foodstuffs and food safety. In addition, the growing demand for natural ingredients while preparing food is one of the key drivers of the market. The rise in the adoption of essential oil as a natural ingredient in the preparation of food acts as the major driving factor.

The essential oils are liquids extracted from the stems, leaves, seeds, roots, or flowers of the specific plant. Some of the common essential oil sources include tea tree, lavender, orange, lemon, peppermint, and others. The essential oils are considered to possess antibacterial, antifungal, antiviral, and antimicrobial properties. Furthermore, the ability of essential oils to by-pass the digestive system has increased its use in improving digestion. It is also used in infants to help swallow capsules or tablets and also for improving the oxygenation in some individuals.

The growth of the Essential Oils market is basically due to the rising utilization of essential oils in myriad applications such as aromatherapies, flavor & fragrance, etc. Additionally, the healing properties of essential oils are likely to further help propel the growth of the global Essential Oils market during the forecast period. The growing acceptance of essential oils in the commercial, residential, and industrial application helps expand the market. The surging demand for natural preservatives is anticipated to increase the sales of essential oils, as well as provide new opportunities, during the forecast period. However, the high costs of essential oils are one of the key factors predicted to hamper the Essential Oils market.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/global-essential-oils-market-by-product-orange-eucalyptus-682

Regional Dominance:

North America is expected to hold the majority of the market share during the forecast period

North America is expected to hold the majority of the market share during the forecast period owing to the increasing application of essential oil in the food & beverages and pharmaceutical sector. The growth of the market in North America is attributed to the growing awareness about the advantages of essential oil and the increasing investments being made in the aromatherapy and body massages. Furthermore, Asia Pacific is expected to exhibit the highest growth rate due to the rising consumer base and extensive application in the Asia Pacific region.

Browse detail report with in-depth TOC @ https://www.fnfresearch.com/global-essential-oils-market-by-product-orange-eucalyptus-682

This report segments the global Essential Oils market as follows:

Global Essential Oils Market: Product Segmentation Analysis

Orange
Eucalyptus
Cornmint
Peppermint
Citronella
Lemon
Lime
Clove
Spearmint
Others

Global Essential Oils Market: Application Segmentation Analysis

Food and Beverages
Medical
Cleaning and Home
Spa and Relaxation
Others

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Info:
Name: Sanu Thomas
Email: Send Email
Organization: Facts & Factors
Address: A 2108, Sargam, Nanded City, Sinhagad Road
Phone: +1-347-989-3985
Website: https://www.fnfresearch.com

Source URL: https://marketersmedia.com/size-share-of-essential-oils-market-expected-to-grow-usd-141-billion-by-2026-globally-facts-factors/88981161

Source: MarketersMedia

Release ID: 88981161

Subscribe and Receive exclusive insider tips and tricks on Press Release.

Follow Us

Copyright © 2012 - 2020 MarketersMEDIA – Press Release Distribution Services – News Release Distribution Services. All Rights Reserved.

Powered by Semantics BigData Analytics (SBDA).