Essential Oils Market Forecast To Grow USD 35.5 Billion By 2028Posted by rahul nikade on August 11th, 2022 Essential Oils Industry Overview The global essential oils market size is estimated to reach USD 35.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2021 to 2028. The growth can be attributed to the rising awareness regarding the health benefits of naturally sourced oils and the growing inclination of people towards aromatherapy. Additionally, increasing demand from major end-use industries such as food and beverage and personal care, and cosmetics is likely to have a positive impact on the market. Essential Oils Market Segmentation Grand View Research has segmented the global essential oil market based on product, application, sales channel, and region: Based on the Product Insights, the market is segmented into Acorus Calamus, Ajowan, Basil, Black pepper, Cardamom, Carrot Seed, Cassia, Cedarwood, Celery, Cinnamon, Citronella, Clove, Cornmint, Cumin Seed, Curry Leaf, Cypriol, Davana, Dill Seed, Eucalyptus, Fennel, Frankincense, Garlic, Ginger, Holy Basil, Juniper Berry, Lemon, Lemongrass, Lime, Mace, Mustard, Neem, Nutmeg, Orange, Palmarosa, Pepper Mint, DMO, Rosemary, Spearmint, Turmeric, Vetiver, Ciz-3 Hexanol, Tea Tree, Others.
Based on the Application Insights, the market is segmented into Medical, Food & Beverages, Spa & Relaxation, Cleaning & Home.
Based on the Sales Channel Insights, the market is segmented into Direct Selling, Others.
Essential Oils Regional Outlook
Key Companies Profile & Market Share Insights Companies are focusing on upgrading their production technologies to minimize resource consumption and maximize output. Improved profitability through optimizing the value chain and re-structuring the business process are major strategies focused upon by market players. Some prominent players in the global essential oils market include
Order a free sample PDF of the Essential Oils Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |