According to a new market report published by Credence Research “Essential Oils Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022,” the essential oils market is expected to reach over US$ 9.6 Bn by 2022, expanding at a CAGR of more than 8.8% from 2016 to 2022.
Market Insights
Essentials oils have been used worldwide by many cultures for centuries. The use of essential oils varied in between the cultures from healing the sick to religious purposes. The use of essential oil as healing agent to mankind was found in Lascaux, which is located in the Dordogne region in France. It is reported that the Egyptians used essentials oils since 4500 B.C.E. It was then known by humans regarding its beneficial properties as aromatic oils and as healing agents. Egyptians were the first to make use of essential oils for medicinal purposes more than beauty treatments. Since then, essential oils have been widely used worldwide as aromatic oil, flavoring agent or as medicine for healing.
The global essential oils market based on products is segmented into orange, citronella, corn mint, eucalyptus, lemon, clove leaf and others. Among these, orange oil accounted as the largest product segment of essential oils market in 2015. Growing demand for orange oil in the food & beverage industry and pharmaceutical and cosmetic industry has led to the growth of essential oils market worldwide. The medicinal as well as aromatic properties of orange oil have attracted various end-user industries in the market. Hence, orange oil is expected to fuel high growth of essential oils market. Citronella, corn mint, eucalyptus, clove leaf and lemon among others are anticipated to experience high demand in the near future due to high demand from the pharmaceutical, cosmetic & personal care product and food & beverage industries in the market.
Browse the Essential Oils (Orange, Citronella, Corn Mint, Eucalyptus, Lemon, Clove Leaf and Others) Market, for Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care Products, Spa and Salon Products, Household Cleaning Products and Other Applications – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022 report at http://www.credenceresearch.com/report/essential-oils-market
Competitive Insights:
Food & beverage dominated the global essential oils market in 2015 and is expected to retain its position in the near future. Growing demand for wide product range of essential oils in manufacture of confectionary and beverages has promoted growth of global essentials oils in the market. Spa and salon products accounted as the second largest market in 2015 and are expected to increase during the forecast period due to high demand for essential oils from the industries manufacturing spa products. Spa products consist of high amount of essential oils due to the medicinal properties and aroma of the essentials oil which is useful in healing pains and provide relaxation. Hence, spa and salon products are anticipated to fuel market growth of essential oils in the market. Cosmetic and personal care products followed spa and salon products and are expected to experience high demand in the near future. Other application such as pharmaceuticals, household cleaning products and others are also projected to boost growth of global essential oils market during the forecast period from 2016 to 2022.
Key Trends:
- High demand from the food & beverages industry
- Growing demand from the spa and salon products industry
- Growing consumer awareness for natural oils over synthetic oils in various applications
- Opportunities from research & development activities to identify medicinal uses and its applications in wide range of end-user industries
Latest Report:
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/essential-oils-market