The Global Essential Oils Market is estimated to grow at a CAGR of around 8.8% during the forecast period, i.e., 2024-30. The rising consumer beliefs on the healing benefits of essential oils without any side effects, coupled with their mounting utilization across different end-user verticals like personal care & cosmetics, healthcare, etc., are the key aspects promoting growth.
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Top leading companies in the Global Essential Oils Market includes:
Aura Cacia, doTERRA, DuPont, Givaudan, NOW Essential Oils, Plant Therapy, Rocky Mountain Oils, LLC, Sydney Essential Oil Co., The Lebermuth Company, and Young Living and others
Global Essential Oils Market Driver:
Rising Aromatherapy Practices & Growing Usage of Essential Oils in Food & Beverages to Thrive the Market – Nowadays, consumers have been showing a heightened focus on health & personal care, leading to a surge in visits to spa and relaxation centers for aromatherapy sessions utilizing essential oils. This trend is further amplified by the flourishing tourism and hospitality industries, contributing significantly to driving the Global Essential Oil Market growth.
Besides, several studies cite that essential oils play a crucial role in naturally preserving foods by showing antibacterial activities in foods like meat, fish, cooked rice, and milk & other dairy products. As a result, the rising consumer interest in organic products has made these oils a significant ingredient in the food & beverage industry, with the growing utilization of them by food manufacturers to enhance the aesthetics as well as nutritional & functional properties of food products. This, in turn, is aiding in enhancing the Essential Oils Market share in the future.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Citrus
-Tea Tree
-Lavender
-Eucalyptus
-Rosemary
-Others (Chamomile, Peppermint, etc.)
By Application
-Aromatherapy
-Food & Beverages
-Healthcare
-Personal Care & Cosmetics.
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Global Essential Oils Market Geographic Reach:
The Geographic Reach of the Global Essential Oils Market evaluates the spread and significance of Global Essential Oils market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico, Rest of North America
- Europe: Germany, The UK, France, Italy, Spain, The Netherlands, Rest of Europe
- Asia-Pacific: India, China, Japan, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, South Africa, Rest of Middle East & Africa.
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