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Global Essential Oil Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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  • Free Analysis
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Report Summary

The global Essential Oil Market is expected to increase from USD 6.9 billion in 2016 to USD 12.9 billion in 2023, at a CAGR of 8.1% from 2017 to 2023. The growth in the essential oil market is attributed to the growing demand for natural and organic products coupled with favourable government regulations. Moreover, expanding applications of essential oils in medical therapy is also driving the growth in the global essential oil market.  The years used for the assessment are as follows;

  • Historical year: 2015
  • Base year            : 2016
  • Forecast period : 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share.
  • Analyzing the collected data points
  • Bridging the data points to calculate the total essential oil market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global essential oil market
  • Finalizing the overall size and share of the global essential oil market 

OBJECTIVES: 

  • To classify global essential oil market into segments on the basis of product type, application, and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the global essential oil market
  •  Profiling key companies operating in the global essential oil market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for essential oil market is as follows:

By Product Type 

  • Orange
  • Pepper Mint
  • Eucalyptus
  • Lemon
  • Corn Mint
  • Clove Leaf
  • Spearmint
  • Citronella
  • Jojoba
  • Lime
  • Others

By Application

  • Food & Beverage
  • Medical
  • Spa & Relaxation
  • Cleaning & Home
  • Others 

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa(MEA)

Free Analysis

The global essential oil market is expected to increase from USD 6.9 billion in 2016 to USD 12.9 billion in 2023, at a CAGR of 8.1% from 2017 to 2023. The growth in the essential oil market is attributed to the growing demand for natural and organic products coupled with favourable government regulations. Moreover, expanding applications of essential oils in medical therapy is also driving the growth in the global essential oil market. However, changing climatic conditions affecting the production of essential oils may hinder the market growth to some extent during the forecast period.

On the basis of product type, the orange oil segment held the major share of the global essential oil market in 2016 and is expected to hold its dominance during 2017-2023. On the basis of application, food and beverage held the largest segment of the essential oil market. The growth in this segment is mainly attributed to health benefits associated with essential oils. Additionally, spa & relaxation was the second largest application of the essential oil market in 2016. Rising popularity of aromatherapy has led to the increasing usage of essential oils in spa & relaxation application.

Europe is expected to hold the majority of share in the global market over the forecast period, on account of the growing awareness and increasing demand for natural cosmetics and beauty products. North-America, being the key market, is expected to become the second largest essential oil market over the forecast period. The growth in the region is attributed to government subsidies and tax benefits coupled with advanced and efficient technology. Asia-Pacific is an emerging market growing at rapid rate and is expected to expand and occupy larger market share in the essential oil market, owing to increase in per capita income encouraging the production and application of essential oils.

Some of the key companies operating in the essential oil market include Biolandes SAS, Moksha Lifestyle Products, The Lebermuth Company, Young Living Essential Oils, Sydella Laboratoire,   Rocky Mountain Oils (RMO), Dōterra, West India Spices Inc., Falcon and Ungerer Limited, among others.

Table of Contents

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Product Type

1.2.2. Market Breakdown, By Application

1.2.3. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

    2.2.1.1. Growing aromatherapy market across the globe

 2.2.2. Trends

   2.2.2.1. Focus on research and development to create new products

  2.2.2.2. Growing preference for personal care products

2.2.3. Growth Drivers

   2.2.3.1. Growing demand for natural and organic products

  2.2.3.2. Favourable government regulations

  2.2.3.3. Expanding applications in medical therapy

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

  2.2.5.1. Changing climatic conditions

     2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTEL Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Essential Oil Market Size and Forecast (2013 – 2023)

4.1. Global Essential Oil Market, By Product Type

4.1.1.1.1. Orange

4.1.1.1.2. Pepper Mint

4.1.1.1.3. Eucalyptus

4.1.1.1.4. Lemon

4.1.1.1.5. Corn Mint

4.1.1.1.6. Clove Leaf

4.1.1.1.7. Spearmint

4.1.1.1.8. Citronella

4.1.1.1.9. Jojoba

4.1.1.1.10. Lime

4.1.1.1.11. Others

4.2. Global Essential Oil Market, By Application

4.2.1. Food & Beverage

4.2.2. Medical

4.2.3. Spa & Relaxation

4.2.4. Cleaning & Home

4.2.5. Others

4.3. Global Essential Oil Market, By Region

4.3.1. North America

4.3.2. Europe

4.3.3. Asia-Pacific

4.3.4. South America

4.3.5. Middle East & Africa(MEA)

CHAPTER 5. Global Essential Oil Market, By Geography

5.1. North America Essential Oil Market

5.1.1. North America Essential Oil Market, By Product Type ($ Million )

5.1.2. North America Essential Oil Market, By Product Type(Tons )

5.1.3. North America Essential Oil Market, By Application ($ Million )

5.1.4. North America Essential Oil Market, By Application (Tons )

5.1.5. North America Essential Oil Market, By Country

  5.1.5.1. The U.S.

5.1.5.1.1. U.S Essential Oil Market Size ($ Million )

5.1.5.1.2. U.S Essential Oil Market Size (Tons )

5.1.5.2. Canada

5.1.5.2.1. Canada Essential Oil Market Size ($ Million )

5.1.5.2.2. Canada Essential Oil Market Size (Tons )

5.1.5.3. Rest of North America

5.1.5.3.1. Rest of North America Essential Oil Market Size ($ Million )

5.1.5.3.2. Rest of North America Essential Oil Market Size (Tons )

5.2. Europe Essential Oil Market

5.2.1. Europe Essential Oil Market, By Product ($ Million )

5.2.2. Europe Essential Oil Market, By Product (Tons )

5.2.3. Europe Essential Oil Market, By Application ($ Million )

5.2.4. Europe Essential Oil Market, By Application (Tons)

5.2.5. Europe Essential Oil Market, By Country

   5.2.5.1. Germany

 5.2.5.1.1. Germany Essential Oil Market Size($ Million)

 5.2.5.1.2. Germany Essential Oil Market Size(Tons)

5.2.5.2. France

5.2.5.2.1. France Essential Oil Market Size($ Million)

5.2.5.2.2. France Essential Oil Market Size(Tons)

5.2.5.3. The U.K.

5.2.5.3.1. U.K Essential Oil Market Size($ Million)

5.2.5.3.2. U.K Essential Oil Market Size($ Tons)

5.2.5.4. Italy

5.2.5.4.1. Italy Essential Oil Market Size($ Million)

5.2.5.4.2. Italy Essential Oil Market Size(Tons)

5.2.5.5. Spain

5.2.5.5.1. Spain Essential Oil Market Size($ Million)

5.2.5.5.2. Spain Essential Oil Market Size($ Tons)

5.2.5.6. Russia

5.2.5.6.1. Russia Essential Oil Market Size($ Million)

5.2.5.6.2. Russia Essential Oil Market Size(Tons)

5.2.5.7. Rest of Europe

5.2.5.7.1. Rest of Europe Essential Oil Market Size($ Million)

5.2.5.7.2. Rest of Europe Essential Oil Market Size(Tons)

5.3. Asia-Pacific Essential Oil Market

5.3.1. Asia-Pacific Essential Oil Market, By Product ($ Million )

5.3.2. Asia-Pacific Essential Oil Market, By Product (Tons)

5.3.3. Asia-Pacific Essential Oil Market, By Application ($ Million )

5.3.4. Asia-Pacific Essential Oil Market, By Application (Tons)

5.3.3. Asia-Pacific Essential Oil Market, By Country

  5.3.4.1. China

5.3.4.1.1. China Essential Oil Market Size ($ Million)

5.3.4.1.2. China Essential Oil Market Size (Tons)

5.3.4.2. Japan

5.3.4.2.1. Japan Essential Oil Market Size ($ Million)

5.3.4.2.2. Japan Essential Oil Market Size (Tons)

5.3.4.3. India

5.3.4.3.1. India Essential Oil Market Size ($ Million)

5.3.4.3.2. India Essential Oil Market Size (Tons)

 5.3.4.4. Indonesia

5.3.4.4.1. Indonesia Essential Oil Market Size ($ Million)

5.3.4.4.2. Indonesia Essential Oil Market Size (Tons)

5.3.4.5. Rest of Asia-Pacific

5.3.4.5.1. Rest of Asia-Pacific Essential Oil Market Size ($ Million)

5.3.4.5.2. Rest of Asia-Pacific Essential Oil Market Size (Tons)

5.4. South America Essential Oil Market

5.4.1. South America Essential Oil Market, By Product ($ Million )

5.4.2. South America Essential Oil Market, By Product (Tons)

5.4.3. South America Essential Oil Market, By Application ($ Million )

5.4.4. South America Essential Oil Market, By Application (Tons)

5.4.5. South America Essential Oil Market, By Country ($ Million )

  5.4.5.1. Brazil

5.4.5.1.1. Brazil Essential Oil Market Size($ Million )

5.4.5.1.2. Brazil Essential Oil Market Size(Tons)

5.4.5.2. Mexico

5.4.5.2.1. Mexico Essential Oil Market Size($ Million)

5.4.5.2.2. Mexico Essential Oil Market Size(Tons)

5.4.5.3. Rest of South America

5.4.5.3.1. Rest of South America Essential Oil Market Size($ Million)

5.4.5.3.2. Rest of South America Essential Oil Market Size(Tons)

5.5. Middle East & Africa (MEA) Essential Oil Market

5.5.1. Middle East & Africa (MEA) Essential Oil Market, By Product ($ Million )

5.5.2. Middle East & Africa (MEA) Essential Oil Market, By Product (Tons)

5.5.3. Middle East & Africa (MEA) Essential Oil Market, By Application($ Million)

5.5.4. Middle East & Africa (MEA) Essential Oil Market, By Application(Tons )

5.5.5. Middle East & Africa (MEA) Essential Oil Market, By Country

  5.5.5.1. Saudi Arabia

5.5.5.1.1. Saudi Arabia Essential Oil Market Size($ Million)

5.5.5.1.2. Saudi Arabia Essential Oil Market Size(Tons)

 5.5.5.2. Nigeria

5.5.5.2.1. Nigeria Essential Oil Market Size($ Million)

5.5.5.2.2. Nigeria Essential Oil Market Size(Tons)

                5.5.5.3. Rest of MEA

5.5.5.3.1. Rest of MEA Essential Oil Market Size($ Million)

5.5.5.3.2. Rest of MEA Essential Oil Market Size(Tons)

CHAPTER 6. Key Players and Strategic Developments

6.1. Biolandes SAS

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Moksha Lifestyle Products

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. The Lebermuth Company

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. Young Living Essential Oils

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. Sydella Laboratoire

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Rocky Mountain Oils (RMO)

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Dōterra

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. West India Spices Inc.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. Falcon and Ungerer Limited

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. Abbreviations

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Global Essential Oil Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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The post Global Essential Oil Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023 appeared first on Energias Market Research.



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