Essential Oils Market By Products (Orange, Citronella, Corn Mint, Eucalyptus, Lemon, Clove Leaf), By Applications (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care Products, Spa And Salon Products, Household Cleaning Products) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Essential oils have its existence around the globe for centuries as a healing agent and for various application due to its aroma and flavor properties. The use of essential oil dated since 4500 B.C.E., by the Egyptians for medicinal uses and beauty products. Since then the essentials oils have been known to mankind as a healing agent and as a beauty product due to its aroma. Wide range of essential oils are present in the market which are used in various end-user industries including food, cosmetic and personal care products, pharmaceutical and household cleaning products among others. 

Essential oils are added to food items and beverages due to its aroma and flavor, it is used in the cosmetic and personal care products and pharmaceutical industry due to its medicinal properties, used in household cleaning products due to its aromatic properties. The household cleaning products which make use of essential oils are air fresheners, mosquito repellents and furniture cleaning products among others. Other uses of essential oils are into making scented candles, and scented gif items among others. Hence, high demand is reported for essential oils in the market.

The various types of essential oils used in wide range of end-user industries are orange, citronella, corn mint, eucalyptus, lemon, clove leaf and others. Among these, orange oil is used on a large scale due to its medicinal and aromatic properties in a wide range of end-user industries. Corn mint accounted as the second-largest product segment of global essential oils market in 2015 and is anticipated to increase in the near future. Other essential oils are also projected to boost high growth of global essential oils market in the near future.

Essential oils market is expected to reach over US$ 9.6 Bn by 2022, growing at a CAGR of more than 8.8% during the forecast period 2016-2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Essential oils Market - Growth, Share Opportunities, and Competitive Analysis, 2016 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global essential oils market.

Target Audience

§  Industry Investors

§  Essential Oils Providers/Vendors

§  Research Professionals

§  Emerging Companies

§  Raw Material Suppliers/ Buyers

§  Product Suppliers/ Buyers

§  Research Institutes

USP and Key Offerings

The report titled “Global Essential oils Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2022” offers strategic insights into the global essential oils market along with the market size and estimates for the duration 2016 to 2022. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading essential oils vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within the essential oils industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis
•  

Overall, the research study provides a holistic view of the global essential oils market, of growth, offering market size and estimates for the period from 2016 to 2022, keeping in mind the above-mentioned factors.

On the basis of its application, the essential oils market is categorized into following segments:

• Food & Beverages
• Pharmaceutical
• Cosmetics & Personal Care Products
• Spa & Salon Products
• Household Cleaning Products
• Others

Based on aromas and flavorings, the global essential oils market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care products, spa and salon products, household cleaning products and others. Essential oils are widely used as aroma and flavoring agents in wide range of products in various end-user industries. 

Food & beverages industry dominated the global essential oils market in 2015 and is expected to increase in the near future. Growing demand for orange oil from the food & beverage industry due to its beneficial properties is expected to boost growth of global essential oils market. Growing demand for nutritional products due to high trend of nutrition diet has promoted the growth of wide range of essential oils used in manufacturing nutritional products. Spa and salon products accounted as the second largest application segment of essential oils in 2015. 

The use of essential oils in manufacturing various aromatic products used for spa and in salon have is the major factor driving the growth of essential oil market worldwide. Hence, high demand is reported for essential oils from the spa and solon products manufacturing industries in the market. Cosmetic and personal care products also make high use of essential oils in wide range of products for aroma and fragrance. Therefore, cosmetics & personal care products industry is also anticipated to boost high growth of essential oils market. Other applications such as pharmaceuticals, household cleaning products and others are also anticipated to fuel high demand for essentials oils market during the forecast period from 2016 to 2022.

On the basis of geography, the global essential oils market is segmented into following categories,

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Middle East & Africa
• Latin America

Europe dominated the global essential oils market in 2015 due to the rising demand for natural beauty products and cosmetics in the region. In addition, growing demand for neutraceuticals from the geriatric population is also expected to boost market demand for essential oils in the region. Germany, France and Spain are the major countries contributing to high demand for essential oils in the region. However, growth of essential oils is expected to be moderate in the coming years due to saturated market in the region. North America accounted as the second largest market for essential oils in 2015 and is anticipated to experience high growth in the near future. 

Increasing per capita income of people in Canada and U.S. and rising consumer awareness among the population in North America is the major factor driving the growth of essential oils market. Asia Pacific accounted as third largest and fastest growing market for essential oils and is projected to increase during the forecast period. Rising disposable income and knowledge regarding products manufactured using natural and synthetic raw materials is anticipated to boost market growth for essential oils in the region. Middle East & Latin America are also projected to contribute to the demand for essential oils during the forecast period from 2016 to 2022.