Essential Oil Market 2019-2025

Global Essential Oil Market Size, Share & Trends Analysis Report by Product Type (Lavender Oil, Orange Oil, Eucalyptus Oil, Peppermint Oil, Lemon Oil, Spearmint Oil, Geranium Oil, Rosemary Oil, and Others), By Application (Food and Beverages, Medical, Spa & Relaxation, and Others), and Forecast 2019-2025.

The global essential oil market is projected to grow at a significant CAGR during the forecast period. The primary factors that drive the growth of the market include the increased use of the essential oil owing to the various health benefits offered by it. Unlike the allopathy and other conventional medicines and drugs, essential oil do not have any side effects which encourages the end users to adopt it and in turn increase the growth of the market during the forecast period. However, the higher prices of the oil can hamper the growth of the essential oil industry over the forecast period.

The global essential oil market is segmented on the basis of product type and applications. Based on the product types, the market is segmented into lavender oil, eucalyptus oil, peppermint oil, lemon oil, rosemary oil, and other oil. Based on the application, the market is segmented into food and beverages, medical, spa & relaxation, and other applications. Amongst the product type, lavender oil holds a significant share in the market. Whereas, amongst the applications, the spa & relaxation segment is estimated to contribute a prominent share to the market growth.

Geographically, the study of the global essential oil market report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and the Rest of the World. Europe is estimated to hold a prominent share in the market, while Asia-Pacific is estimated to exhibit significant growth during the forecast period.

Further, Biolandes SAS, DoTERRA International LLC, Edens Gardens Inc., NOW Foods, Plant Therapy, Inc., Rocky Mountain Oil LLC, Soulflower Co. Ltd., and Young Living Essential Oil are some of the prominent players operating in the global essential oil market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. For instance, in November 2018, Young Living Essential Oil company started its services in the Philippines ’Southeast Asian market in order to expand its geographical reach.

Research Methodology

The market study of the global essential oil market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for essential oil manufacturers, importers & exporters, distributors & suppliers, spa & aromatherapy specialists, food & beverage/healthcare/ home care/cosmetic manufacturers, aromatherapy market players, industry associations and experts such as the European Food Safety Authority (EFSA), and the National Association for Holistic Aromatherapy (NAHA),and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Essential Oil Market Research and Analysis by Product Type
2. Global Essential Oil Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the global Essential Oil market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global Essential Oil market.
• Insights about market determinants which are stimulating the global Essential Oil market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.