Essential Oil Market size in terms of volume and value 2020 by SMR Estimate
Deerfield Beach, FL -- (SBWIRE) -- 07/14/2016 -- Zion Research has published a new report titled "Essential Oil (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clover Leaf, Lime, and Spearmint) Market for Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020." According to the report, global demand for essential oil market was valued at around USD 5.50 billion in 2014 and is expected to reach around USD 9.80 billion in 2020, growing at a CAGR of approximately 9% between 2015 and 2020. In terms of volume, the global essential oil market stood at 160.0 kilo tons in 2014.
Essential oils are also known as volatile or ethereal oil or aetherolea. An essential oil is a concentrated hydrophobic liquid containing volatile aroma compounds from plants. It is extracted from the vast variety of plants and herbs like orange, corn mint, eucalyptus, citronella, pepper mint, lemon, clover leaf, lime, and spearmint, etc. Essential oils are generally extracted by distillation, often by using steam. Other processes include expression, solvent extraction, absolute oil extraction, resin tapping, and cold pressing. They are used in perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products.
Browse the full "Essential Oil (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clover Leaf, Lime, Spearmint) Market for Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020" report at http://www.marketresearchstore.com/report/essential-oil-market-z38554
Global essential oil market is mainly driven by increasing demand from natural and organic care products due to increasing health issues among the consumers. Development in organic product industry attracts the attention of consumers and manufacturers. Sharp rise in demand for natural aromatic flavors and fragrances in cosmetics, perfumes, as well as spa and relaxation applications is anticipated to foster the demand for essential oils. However, availability of synthetic substitutes and high prices of essential oils will be major concern for manufacturers.
Essential Oil Market
Orange, corn mint, eucalyptus, citronella, pepper mint, lemon, clover leaf, lime, and spearmint are the key product segment of essential oil market. Orange was the leading segment, which accounted for more than 35% share of the total volume consumption in 2014. Orange oil possesses exhibit excellent medical benefits like antiseptic, anti-inflammatory, and antidepressant. Corn mint oil is one of the fastest growing products. Corn mint oil provides numerous health advantages.
Get Free Sample Report: http://www.marketresearchstore.com/report/essential-oil-market-z38554#RequestSample
On the basis of applications, the essential oil market has been segmented as medical, food & beverage, spa & relaxation, cleaning & home and other. Food & beverages was the largest application market for essential oils and accounted for over 30% share of the total revenue generated in 2014. Food & beverages industry is expected to witness robust growth during the forecast period. This in turn expected to foster the demand for essential oils in the years to come. Spa & relaxation is also one of the significant outlets for essential oil market.
Global essential oil market was dominated by the Europe in terms of both volume and revenue. Upward trend in natural cosmetics and beauty products, medicines, and nutraceuticals coupled with strong demand from aging population from developed countries such as Germany, UK and France is mainly driving demand for essential oils in the region. Essential oil market in Asia-Pacific region is expected to witness rapid growth as compared to other regions. North America was the second largest regional market for essential oils followed by Asia Pacific, Latin America and Middle East & Africa.
Some of the key players in global essential oil 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.
Do Inquiry before Buying Here: http://www.marketresearchstore.com/report/essential-oil-market-z38554#InquiryForBuying
This report segments the global essential oil market as follows:
Essential Oil Market: Product Segment Analysis
Essential Oil Market: Application Segment Analysis
Food & Beverage
Spa & Relaxation
Cleaning & Home
Essential Oil Market: Regional Segment Analysis
Middle East & Africa
About Market Research Store
Market Research Store is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Market Research Store experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Market Research Store syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
3422 SW 15 Street, Suite #8138
Deerfield Beach, Florida 33442
Toll Free: 855-465-4651 (USA-CANADA)