An essential oil is a liquid obtained by distilling the plant’s stems, leaves, seeds, roots, or blossoms. Lavender, tea tree, orange, lemon, peppermint, wild mint, and other essential oils are often utilized. Antibacterial, antiviral, antifungal, and antimicrobial properties are all present in these oils. They easily bypass the digestive system, making them advantageous to persons who have difficulty digesting or assimilating food. Essential oils are also highly oxygenating, making them excellent for newborns who are unable to take pills or capsules.
Manufacturers have been obliged to move their attention from synthetic to natural products as consumer awareness of natural and organic personal care products, food and beverages has grown, which has functioned as one of the key influences influencing the global essential oils market.
Increased demand from major end-use sectors such as food and beverage, personal care and cosmetics, and aromatherapy is likely to drive the market. Essential oils, unlike most conventional medications and chemicals, have no significant negative effects. Such product characteristics are expected to be the primary driver of market expansion.
COVID-19 Impact:
Food and beverage makers have been concerned about the need to prevent viral infections among consumers as a result of the pandemic. Viral infections have a negative impact on an individual’s growth, intestinal health, and performance. Essential oils are highly concentrated oils used for flavor and smell.
The epidemic has heightened global awareness of the importance of boosting one’s immune system, as well as expanding understanding of holistic treatment and the use of complementary and alternative medicine. Owing to these factors, sales of essential oils have received a boost due to pandemic.
To remain ‘ahead’ of your competitors, request for a sample: https://www.globalinsightservices.com/request-sample/GIS10036/
Key Trends and Drivers:
- Aromatherapy is the practice of using essential oils for therapeutic and cosmetic purposes. Essential oils are widely utilized in aromatherapy because they benefit both physical and mental facilities of the body at the same time. Essential oil demand is projected to benefit from the growing aromatherapy business.
- Manufacturers have been obliged to move their attention from synthetic to natural products as consumer awareness of natural and organic personal care products, food and beverages has grown, which has functioned as one of the key influences driving the growth global essential oils market.
Restraints and Challenges:
- Essential oils have very low yield per unit of raw plan. Growth of essential oils market has resulted in excessive plantation of these non food plants and also extensive deforestation where these plants grow in the wild. This problem is more acute in developing markets and has resulted in deforestation as well as increase in prices of essential oils which can hamper future growth of the market.
- Concentrated pure essential oils are very costly owning to low yields, limited cultivation, and production in remote areas. This has resulted in use of additives and adulterants in essential oils. Poor quality control and harmful impact of adulterants can have negative repercussions on the growth of the market.
Segmentation:
By Type
- Citronella oil
- Clove leaf oil
- Eucalyptus oil
- Geranium oil
- Jasmine oil
- Lavender oil
- Lemon oil
- Lime oil
- Orange oil
- Peppermint oil
- Rosemary oil
- Spearmint oil
- Tea tree oil
- Wild mint oil
By Application
- Medical
- Cleaning And Home
- Spa And Relaxation
- Food And Beverages
By Distribution Channel
- Supermarkets
- Retail stores
- Online
Key Players:
- Cargill Inc.
- DuPont
- Givaudan SA
- Sensient Technologies Corporation
- The Lebermuth Company Inc.
- Firmenich SA
- Sydney Essential Oil CO.
- Moksha Lifestyle Products.
- Reynaude & Fils
- doTerra International
Read Detailed Insight: https://www.globalinsightservices.com/reports/essential-oils-market/