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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