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Essential Oils Market Trend Outlook and Global Foresight to 2024

Increasing awareness as well as willingness to buy organic and natural products is expected to force market participants to employ essential oils in the production process. The shift of focus from synthetic to natural products is likely to trigger market growth over the forecast period.

The Global Essential Oil Market is expected to reach USD 13.94 billion by 2024, according to a new report by Grand View Research, Inc.
 

Increasing demand for flavors & fragrances from various applications including personal care, home care, food & beverages, aromatherapy, etc. has prompted the essential oils demand as these oils are used as key ingredients in fragrances and flavors. Numerous other advantageous product properties such as antiseptic, aphrodisiac, anti-inflammatory, antidepressant, antispasmodic, diuretic, and tonic are expected to boost essential oil demand in industrial, medicinal, and domestic applications.

To Know More About Essential Oils Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/essential-oils-market

The lower raw material conversion rate for essential oils production in addition to unique processes requiring massive capital investment is expected to pose challenges to market participants. Limited raw material availability as different crops are grown in the various countries only to obtain high-quality products is also anticipated to challenge the market growth.

Top Players of Essential Oils Market:

Some leading companies operating in the global market include Biolandes, Sydney Essential Oils, HRF, The Lebermuth Company, Young Living Essential Oils, doTerra, Essential Oils of New Zealand, Sydella Laboratoire, Farotti Essenze, Moksha Lifestyle Products, West India Spices Inc., Falcon and Ungerer Limited.

Market Segmentation of Essential Oils Market:

The Global Essential Oil Market segmented on the basis of Product, Application and Region.

By Product:

    Orange
    Corn Mint
    Eucalyptus
    Citronella
    Pepper Mint
    Lemon
    Clove Leaf
    Lime
    Spearmint

By Application:

    Medical
    Food & Beverages
    Spa & Relaxation
    Cleaning & Home

By Region:

    North America
    Europe
    Asia Pacific
    Middle East & Africa
    Central & South America

Inquire about Essential Oils Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1188

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