Global Compound Essential Oil Market Overview:
Compound essential oils are the raw material deployed for the purpose of aroma and fragrance, food and pharmaceutical industries. These oils have biological activities that have been in use for various applications often in recent years. Essential oils is also known as volatile oils, ethereal oils plant from which they were extracted, such as oil of clove. Rising aromatherapy applications coupled with increasing consumption from the personal care & cosmetics industry is likely to propel the compound essential oil product demand over the forecast period.
Growth Drivers
- Rising Preference for Natural Products
- Growing Popularities of Relaxation Therapies and Spa Services
- Increasing Disposable Income of Consumers
Roadblocks
- Fluctuating Raw Material Price of Compound Essential Oil
- Availability of Substitutes for Essential Oil
Opportunities
- Growing Usage of Compound Essential Oils in Various Industries
- Favorable Government Support and Regulations
Challenges
- Limited Availability of Raw Materials for Compound Essential Oil Market
Competitive Landscape:
Some of the key players profiled in the report are Young Living (United States), Edens Garden (United States), Radha Beauty (India), Majestic Pure (United States), Now Foods (United States), ArtNaturals (United States), Healing Solutions (United States), Rocky Mountain (United States), Plant Therapy (United States) and Mountain Rose Herbs (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Compound Essential Oil market by 2026. Considering Market by End users, the sub-segment i.e. Food & Beverages will boost the Compound Essential Oil market. Considering Market by Usage, the sub-segment i.e. Aromatically will boost the Compound Essential Oil market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Compound Essential Oil market. Considering Market by Production , the sub-segment i.e. Distillation will boost the Compound Essential Oil market.
May 2019, Plant Therapy is adding three new natural fragrances to their product line with the launch of their latest Evoke set, Infused. These juicy new plant-based scents go far beyond ‘home fragrance’ to easily transform any environment into an escape for the senses. Developed by certified aromatherapists, this new set in the new Evoke line contains three all-natural fragrances that can be used to refresh and personalize living spaces and create beautiful, natural personal fragrances, without harsh chemicals or unnatural ingredients.
What Can be Explored with the Compound Essential Oil Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Compound Essential Oil Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Compound Essential Oil
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Compound Essential Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Compound Essential Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Compound Essential Oil Manufacturers, Traders/Distributors/Suppliers, Marketing & Consulting Firms, Industry Associations, Potential Investors, Government and Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.