AMA Research, a global market research and consulting organization, have released a new study titled "Essential Oil market - Global outlook to 2027". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Essential Oil market to grow at a CAGR of 9.2%.
The Distribution Channel, such as Online Retail, is boosting the Essential Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Method of Extraction , such as Distillation, is boosting the Essential Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Essential Oil market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Adoption of Aromatherapy, Growing Adoption in Cosmetic and Food & Beverage Industry and Technological Advancement for Production Technique.
Essential oils are derived from flowers, bark, leaves, roots, stems and other parts of a plant. The essential oil is obtained from numerous herbs and plants, such as lemon, orange, peppermint, citronella, corn, mint lime, cloverleaf, eucalyptus, spearmint and others through steam and water distillation methods. These oils find application in pharmaceutical, food & beverage and cosmetic industry, thereby exhibiting a large array of profit avenues. Growing usage in food items, cosmetics & toiletries, and beverages is potentially expected to boost the essential oil market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Essential Oil market by Type (Pure Essential Oil, Compound Essential Oil and Others), by Application (Food & Beverages, Cosmetics & Toiletries, Aromatherapy, Home Care, Healthcare and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market