The global essential oils market size is projected to reach USD 11.19 Billion by 2022 growing at a CAGR of 8.83% from 2017 to 2022. The market is driven by economic factors such as rising double income households and increasing disposable incomes among consumers. Moreover, growing research & development activities and increased demand from food & beverage and cosmetic applications are also driving the market.
Browse 94 Market Data Tables and 45 Figures spread through 176 Pages and in-depth TOC on "Essential Oils Market - Global Forecast to 2022"
Essential oils are volatile liquid substances extracted from aromatic plant material by different types of extraction methods. They have potent antioxidant and anti-microbial properties and can be used to treat depression and stress-related diseases. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, result in an increase in demand for aromatherapy.
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Distillation is the process of separating components of a mixture by evaporating and then condensing the vapor into liquid. It is a technique which is slightly volatile, where the water-insoluble substances are separated from nonvolatile materials by means of distillation. Different types of distillation methods are used such as water distillation, water & steam distillation, and steam distillation for extraction of oils. Distillation is one of the primary methods used for extraction in essential oil industries.
The Asia-Pacific region is segmented into China, Japan, India, Australia & New Zealand, and Rest of Asia-Pacific. The increase in preference of consumers for natural essential oil ingredients such as peppermint & spearmint and rise in purchasing power parity in the region is driving the demand for essential oils in applications such as aromatherapy, health care, and food & beverages.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies in essential oils market. It includes the profiles of leading companies such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), and Givaudan SA (Switzerland).
Scope of the Essential Oils Market Report
This research report categorizes the essential oils market based on type, method of extraction, application, and region.
Based on the method of extraction, the market has been segmented as follows:
- Carbon dioxide extraction
- Cold press extraction
- Solvent extraction
- Others (resin tapping and maceration)
Based on application, the essential oils market has been segmented as follows:
- Food & beverage
- Cosmetics & toiletries
- Home care
- Health care
- Others (feed, insecticides, and paint)
Based on product type, the market has been segmented as follows:
- Orange oil
- Lemon oil
- Lime oil
- Peppermint oil
- Cornmint oil
- Citronella oil
- Spearmint oil
- Geranium oil
- Clove leaf oil
- Eucalyptus oil
- Jasmine oil
- Tea tree oil
- Rosemary oil
- Lavender oil
Based on the region, the market has been segmented as follows:
- North America
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