The report "Essential
Oils Market by Product Type (Orange, Lemon, Lime, Peppermint, Citronella,
Jasmine), Method of Extraction, Application (Food & Beverage, Cosmetics
& Toiletries, Aromatherapy, Home Care, Health Care), and Region - Global
Forecast to 2022", The essential oils market 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.
Aromatherapy projected to be the fastest-growing segment in the
essential oils market, by application, during the forecast period 2017–2022
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.
On the basis of method of extraction, the distillation segment is
estimated to be the largest market in the essential oil industry in 2017
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.
Significant growth for essential oil is observed in the Asia-Pacific
region
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. 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).
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