28 September 2020
Visiongain has launched a new report Essential Oils Market Report: Forecasts by Type (Orange, Lemon, Peppermint, Lime, Other Essential Oils), Application (Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Homecare, Healthcare), and Geography, and Profiles of Leading Companies.
Their demand in pharmaceutical and medical applications is projected to increase with numerous health benefits related to essential oils. Essential oil has no significant side-effects, unlike other traditional drugs and medications. The key driver for market growth was expected to be these characteristics of essential oils. Another factor influencing consumer trends is increased demand for organic products.
The essential oils from organic crops must be developed in order for businesses to trade internationally, and must adhere to various regulations and standards. In order to remain profitable and maintain their strong credibility among its stakeholders, most important oil companies are multinationals that conduct numerous activities on corporate social responsibilities. The real damage to the environment is often neglected by these big organizations.
The growth of this segment is mainly due to changing consumer lifestyles worldwide. Targeted and hectic lifestyles have provided a significant demand for aromatherapy stress relief therapies. These oils' antimicrobial properties help to preserve food and drink products for a longer period. Another major factor in the growth of this application segment is the rising focus of food and beverage producers on increasing product protection without sacrificing quality.
Key players operating into this market include, Cargill, E. I. Du Pont De Nemours and Company: Business Overview, Koninklijke DSM N.V., Dōterra International LLC., Givaudan SA, Firmenich SA, Young Living Essential Oils, Sensient Technologies Corporation, The Lebermuth Company, Inc., International Flavors & Fragrances Inc., Symrise, Frutarom Industries Ltd., Mane, Robertet SA, Rocky Mountain Oils LLC.
The research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, India, Japan, China, Australia, ASEAN, GCC, South Africa.
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What is causing this growth in the market? Primarily it is the growing rubber and plastics industry coupled increased demand for pharmaceuticals and cosmetics from Japan, China, and India.
19 October 2020
The manufacture of cars and aircraft composite products plays a key role. The growing concerns about fuel consumption and pollution carbon emission rates have prompted manufacturers to replace metal parts with carbon fiber composites.
28 September 2020
Growing application in the residential and non-residential industries is projected to positively influence growth as a result of the high visibility of the market in soft flooring products and good insulation properties, including floor insulation.
28 September 2020
Their demand in pharmaceutical and medical applications is projected to increase with numerous health benefits related to essential oils. Essential oil has no significant side-effects, unlike other traditional drugs and medications.