Essential Oil Market Scope
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.
According to AMA, the Global Essential Oil market is expected to see growth rate of 9.2%The essential oil market is highly fragmented, however, limited number of new players are expected to enter the market over the forecast period. This may be attributed to high capital requirement and maintenance cost. Furthermore, existing players are expected to advance their production capabilities, thereby sustaining their presence. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Essential Oil market throughout the predicted period.
Biolandes SAS (France), Falcon Essential Oils (India), Farotti Srl (Italy), doTerra International LLC. (United States), Flavex Naturextrakte GmbH (Germany), Rocky Mountain Essential Oils (United States), The Lebermuth Company (United States), Ungerer Limited (United Kingdom), Givaudan SA (Switzerland) and Young Living Essential Oils (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Koninklijke DSM N.V. (Netherlands), Cargill Oil Packers (Belgium), H. Reynaud & Fils (France), Moksha Lifestyle Products (India) and Sydney Essential Oil Co. (Australia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of 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 Region with country level break-up.
On the basis of geography, the market of Essential Oil has been segmented into 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).
Market Trend
- Growing Demand for Flavors and Fragrances in Food & Beverage Vertical
Market Drivers
- Increasing Adoption of Aromatherapy
- Growing Adoption in Cosmetic and Food & Beverage Industry
- Technological Advancement for Production Technique
Opportunities
- Increasing Applications in the Pharmaceutical Industry
- Rising Demand of Natural Ingredients
Restraints
- High Production Cost Associated With Essential Oil
Challenges
- High Possibility of Adulteration and Synthetic Products Development
Key Target Audience
Supermarkets/Hypermarkets, Exclusive Retail Stores, Essential oil Manufacturers and suppliers, Research organizations and consulting companies, Organizations, associations and alliances related to Women Cosmetics manufacturing, Government bodies such as regulating authorities and policy makers., Industry associations, Market research and consulting firms and Others