[176 Pages Report] The global essential oils market size is projected to reach USD 11.19 Billion by 2022, at a CAGR of 8.83% from 2017 to 2022. The shifting trend towards preventive healthcare, coupled with an improved standard of living among consumers, are the major factors driving the market. Also, increasing cases of depression and anxiety disorders among consumers are seen to be contributing to the growing demand for essential oils from the aromatherapy industry. The market has been segmented based on product type, method of extraction, application, and region.

The objectives of the study include the following:

To define, segment, and measure the size of the essential oils market concerning its product type, method of extraction, application, and region

To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders

To project the size of the market in terms of value and volume, for four regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)

To strategically profile the key players and comprehensively analyze their core competencies

To analyze the competitive developments such as new product launches & developments, acquisitions, mergers, expansions & investments, agreements, and joint ventures in the market

Research Methodology

This research study involved the usage of extensive secondary sources (which include directories and databases) such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the essential oils market. The primary sources mainly included industry experts from core & related industries and preferred suppliers, dealers, manufacturers, equipment providers, technology developers, alliances, standards & certification organizations from companies, and organizations related to all segments of this industry�s value chain. In-depth interviews were conducted with various primary respondents including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain & verify critical qualitative & quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report.

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Maximum value addition of a product in the global essential oils market is observed in the stages of manufacturing. The key companies that offer essential oil mainly invest in new product acquisitions and expansions. Companies devise new sales strategies to establish their innovative products in the market. These companies highlight product specifications and certifications from food safety authorities while promoting their essential oil products. Value addition in the distribution and sales stage varies with key players, addressable markets, manufacturing units, and end consumers.

Target audience

Essential oil manufacturers

Essential oil importers & exporters

Essential oil, distributors, and suppliers

Spa & aromatherapy specialists

Food & beverage/healthcare/feed/home care/cosmetic & toiletry manufacturers

Associations and industry bodies such as the Food and Drug Administration (FDA), the European Food Safety Authority (EFSA), the National Association for Holistic Aromatherapy (NAHA), and other food/feed & safety associations.

Scope of the Essential Oils Market Report

Report Metrics Details Market size available for years 2016-2022 Base year considered 2016 Forecast period 2017-2022 Forecast units Value(USD) Segments covered Product Type, Method of Extraction, Application, and Region Geographies covered North America, Europe, APAC, and RoW Companies covered It includes key players such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), d�TERRA International LLC. (U.S.), Young Living Essential Oils (U.S.) and Givaudan SA (Switzerland).

This research report categorizes the essential oils market based on type, method of extraction, application, and region.

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

Others (sandalwood, cedar, chamomile, anise, ginger, thyme, cinnamon, ylang, and basil)

Based on the method of extraction, the market has been segmented as follows:

Distillation

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

Aromatherapy

Home care

Health care

Others (feed, insecticides, and paint)

Based on the region, the market has been segmented as follows:

North America

Europe

Asia-Pacific

RoW (South America, the Middle East, and Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific scientific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

Detailed analysis and profiling of additional market players (up to five)

In the method of extraction segment, the global essential oils market has been segmented into distillation, carbon dioxide extraction, cold press extraction, and solvent extraction methods. The distillation method of extraction is most widely used by manufacturers compared to other extraction methods since it yields the purest form of essential oil. Different types of distillation methods are used such as water distillation, water & steam distillation, and steam distillation for extraction of oils. The main advantages of the distillation method are quality control and wide application usage in the global market.

Based on type, the market is segmented into orange oil, lemon oil, lime oil, peppermint oil, corn mint oil, citronella oil, spearmint oil, geranium oil, clove leaf oil, eucalyptus oil, jasmine oil, tea tree oil, rosemary oil, lavender oil, and others. The orange oil segment accounted for the highest market share in 2017. Brazil, the U.S., China, India, and Mexico are among the major producers of oranges in the global market, with most oranges for the production of orange essential oils being sourced from these countries. The demand for essential oils is booming which is encouraging the manufacturers to increase the production to cater to the growing demand and also explore the market further.

The global essential oils market, by application, is segmented into food & beverage, cosmetics & toiletries, aromatherapy, home care, health care, and others. The food & beverage segment is the largest in terms of market share. Essential oils are identified for their health benefits, as they are natural ingredients that impart the essence of the source that they have been derived from. Various essential oils used by the manufacturers include orange oil, lemon oil, and lime oil. Orange oil is mainly used in food & beverages to impart citrus flavor and freshness to the final product. As consumers are becoming increasingly aware of the health benefits of essential oils, the preferences for food & beverage products with these oils as additives has increased.

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The market for essential oils in Europe accounted for the largest share, whereas the market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The major driver for the growth of the market in the Asia-Pacific region is a rise in the availability and affordability of these essential oils due to the dual income of households, and the rise in awareness about functionalities, health benefits, and applications of essential oils in the global market.

The market is characterized by medium to high competition due to the presence of several large- & small-scale firms with low product differentiation. Acquisitions and expansions are the key strategies adopted by these players to ensure their growth in the market. The market is dominated by players such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), and d�TERRA International LLC. (U.S.). Other players in the industry include Young Living Essential Oils (U.S.) and Givaudan SA (Switzerland).

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