Global Essential Oil Market Rising at $9.8 Billion by 2020
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According to the report, global demand for essential oil market was valued at around USD 5.50 billion in 2014 and is expected to reach around USD 9.80 billion in 2020, growing at a CAGR of approximately 9% between 2015 and 2020. In terms of volume, the global essential oil market stood at 160.0-kilo tons in 2014. Some of the key players in global essential oil market include Biolandes, Sydney Essential Oils, HRF, The Lebermuth Company, Young Living Essential Oils, doTerra, Essential Oils of New Zealand, Sydella Laboratoire, Farotti Essenze, Moksha Lifestyle Products, West India Spices Inc., Falcon, and Ungerer Limited.
Zion Market Research has published a new report titled “Essential Oil (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clover Leaf, Lime, and Spearmint) Market for Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.”
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Essential oils are also known as volatile or ethereal oil or aether Olea. An essential oil is a concentrated hydrophobic liquid containing volatile aroma compounds from plants. It is extracted from the vast variety of plants and herbs like orange, corn mint, eucalyptus, citronella, pepper mint, lemon, clover leaf, lime, and spearmint, etc. Essential oils are generally extracted by distillation, often by using steam. Other processes include expression, solvent extraction, absolute oil extraction, resin tapping, and cold pressing. They are used in perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products.
The global essential oil market is mainly driven by increasing demand for natural and organic care products due to increasing health issues among the consumers. Development in organic product industry attracts the attention of consumers and manufacturers. The sharp rise in demand for natural aromatic flavors and fragrances in cosmetics, perfumes, as well as spa and relaxation applications is anticipated to foster the demand for essential oils. However, availability of synthetic substitutes and high prices of essential oils will be the major concern for manufacturers.
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Orange, corn mint, eucalyptus, citronella, pepper mint, lemon, clover leaf, lime, and spearmint are the key product segment of the essential oil market. Orange was the leading segment, which accounted for more than 35% share of the total volume consumption in 2014. Orange oil possesses exhibit excellent medical benefits like antiseptic, anti-inflammatory, and antidepressant. Corn mint oil is one of the fastest growing products. Corn mint oil provides numerous health advantages.
On the basis of applications, the essential oil market has been segmented as medical, food & beverage, spa & relaxation, cleaning & home and other. Food & beverages were the largest application market for essential oils and accounted for over 30% share of the total revenue generated in 2014. Food & beverages industry is expected to witness robust growth during the forecast period. This in turn expected to foster the demand for essential oils in the years to come. Spa & relaxation is also one of the significant outlets for the essential oil market.
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The global essential oil market was dominated by the Europe in terms of both volume and revenue. The upward trend in natural cosmetics and beauty products, medicines, and nutraceuticals coupled with strong demand from aging population from developed countries such as Germany, UK, and France is mainly driving demand for essential oils in the region. Essential oil market in Asia-Pacific region is expected to witness rapid growth as compared to other regions. North America was the second largest regional market for essential oils followed by Asia-Pacific, Latin America and Middle East & Africa.
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About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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Zion Market Research has published a new report titled “Essential Oil (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clover Leaf, Lime, and Spearmint) Market for Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.”
Request For Free Sample Report: http://www.marketresearchstore.com/report/essential-oil-market-z38554#RequestSample
Essential oils are also known as volatile or ethereal oil or aether Olea. An essential oil is a concentrated hydrophobic liquid containing volatile aroma compounds from plants. It is extracted from the vast variety of plants and herbs like orange, corn mint, eucalyptus, citronella, pepper mint, lemon, clover leaf, lime, and spearmint, etc. Essential oils are generally extracted by distillation, often by using steam. Other processes include expression, solvent extraction, absolute oil extraction, resin tapping, and cold pressing. They are used in perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products.
The global essential oil market is mainly driven by increasing demand for natural and organic care products due to increasing health issues among the consumers. Development in organic product industry attracts the attention of consumers and manufacturers. The sharp rise in demand for natural aromatic flavors and fragrances in cosmetics, perfumes, as well as spa and relaxation applications is anticipated to foster the demand for essential oils. However, availability of synthetic substitutes and high prices of essential oils will be the major concern for manufacturers.
Request For Free Price Quotations http://www.marketresearchstore.com/requestquote?reportid=38554
Orange, corn mint, eucalyptus, citronella, pepper mint, lemon, clover leaf, lime, and spearmint are the key product segment of the essential oil market. Orange was the leading segment, which accounted for more than 35% share of the total volume consumption in 2014. Orange oil possesses exhibit excellent medical benefits like antiseptic, anti-inflammatory, and antidepressant. Corn mint oil is one of the fastest growing products. Corn mint oil provides numerous health advantages.
On the basis of applications, the essential oil market has been segmented as medical, food & beverage, spa & relaxation, cleaning & home and other. Food & beverages were the largest application market for essential oils and accounted for over 30% share of the total revenue generated in 2014. Food & beverages industry is expected to witness robust growth during the forecast period. This in turn expected to foster the demand for essential oils in the years to come. Spa & relaxation is also one of the significant outlets for the essential oil market.
Do Inquiry before buying: http://www.marketresearchstore.com/report/essential-oil-market-z38554#InquiryForBuying
The global essential oil market was dominated by the Europe in terms of both volume and revenue. The upward trend in natural cosmetics and beauty products, medicines, and nutraceuticals coupled with strong demand from aging population from developed countries such as Germany, UK, and France is mainly driving demand for essential oils in the region. Essential oil market in Asia-Pacific region is expected to witness rapid growth as compared to other regions. North America was the second largest regional market for essential oils followed by Asia-Pacific, Latin America and Middle East & Africa.
Browse detail report at: http://www.marketresearchstore.com/report/essential-oil-market-z38554
About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Joel John
3422 SW 15 Street,Suite #8138
Deerfield Beach, Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com
Visit Our Blog: https://marketresearchstore2017.wordpress.com