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Global Essential Oils Market Size

Global Essential Oils Market size was valued at USD 20.19 billion in 2021 and is poised to grow from USD 21.79 billion in 2022 to USD 40.12 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

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Global Essential Oils Market Size

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  1. Global Essential Oils Market Size, Share, Growth Analysis, By Sales Channel, By Application - Industry Forecast 2023-2030 Global Essential Oils Market size was valued at USD 20.19 billion in 2021 and is poised to grow from USD 21.79 billion in 2022 to USD 40.12 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030). The demand for essential oils is rising in the food and beverage, aromatherapy, fragrance, cosmetic,and personal care industries. These play a significant role in the flavoringand fragrance industries in addition to being used in the food processing and industrial seasoning industries. Orange and lemon essential oils are the most often used in the cosmeceutical industry because they give skin elasticity and firmness and heal stretch marks, acne, and scars. The antibacterial qualities of orange and lemon oils also make them excellent substances for hair and skin. Additionally, as customers become more aware of their health, they are drawn to organic foods and beverages that contain plant-based essential oils. The market is expected to grow over the duration of the forecast period as a result of rising demand for natural and organic products in the cosmetics, fragrance, thermal, and relaxation sectors due to a variety of health benefits. Analysis by Sales Channel In 2021, other sales channels had the largest revenue share of 63.4%. Its significant proportion is related to the increased awareness of essential oil among consumers has given rise to greater retail sales, especially through

  2. convenience stores. However, major businesses have started using multi- level marketing techniques to grow their companies and boost revenue. Analysis by Application Spa & relaxation dominated the global market with the largest revenue share of 40.17% in 2021. Its high proportion is related to the changing lifestyle of consumers around the world. Food and beverage goods are preserved for a longer period of time using these oils' antimicrobial characteristics. Another important driving reason for the growth of this application area is the growing emphasis of food and beverage makers on enhancing product shelf life without compromising quality. The primary driver of the application scope of essential oils in food & beverage applications came as the global rise in demand for natural, secure, and minimally processed food products. View more info: https://www.skyquestt.com/report/essential-oils-market Top Player’s Company Profiles •Givaudan SA •Symrise AG •Firmenich SA •International Flavors & Fragrances Inc. •Takasago International Corporation •Mane SA •Sensient Technologies Corporation About us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happyclients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone:

  3. USA (+1) 617-230-0741 Email: sales@skyquestt.com linkedin Twitter Facebook

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