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Essential Oil Market to have a Notable Growth by 2022

Some of the key driving factors of the market are rising inclination towards natural products, growing popularity of relaxation therapies, increasing disposable income resulting in better standards of living, and growing awareness of the probable side effects of chemical substances. The essential oil market is highly dependent on the raw material prices, which are expected to be steady in the near future. Increasing use of essential oils in spa & aromatherapy, flavoring, and fragrance industries has significantly fueled the market growth.

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Essential Oil Market to have a Notable Growth by 2022

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Essential Oil Market Global Opportunity Analysis and Industry Forecast, 2015-2022

  2. Introduction • Essential Oil Market is expected to reach $11.188 million by 2022, with a CAGR of 8.7% from 2016 to 2022. • The major factor boosting the market growth is the increasing consumer preference for natural and organic products be it cosmetics, food or similar other product categories. • Government support and favorable regulations are likely to offer lucrative opportunities for market growth.  • In addition, Asia-Pacific region is expected to register the highest CAGR during the forecast period. • Europe is the dominant market and is expected to be the leading contributor to the global revenue throughout the analysis period, owing to the high adoption of essential oils in this region.

  3. Key Factors of the Market • Some of the key driving factors of the market are rising inclination towards natural products, growing popularity of relaxation therapies, increasing disposable income resulting in better standards of living, and growing awareness of the probable side effects of chemical substances. • Increasing use of essential oils in spa & aromatherapy, flavoring, and fragrance industries has significantly fueled the market growth. • Essential oils are used in numerous sectors including food & beverage, medicines, wellness & cleaning, spa & aromatherapies, and cosmetics amongst others. • Superior antibacterial & antiseptic properties, and aromatic flavor of these essential oils have boosted their overall adoption.

  4. Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/1412

  5. Key Benefits of the Market • Europe is estimated to be the highest revenue-generating region in the essential oil market in 2015, due to high adoption of innovative essential oil solutions in different applications. • Asia-Pacific region is expected to grow with a CAGR of around 11%, due to rapid urbanization and the growing preference for natural ingredients in food and cosmetics products in this region. • Orange essential oil generated maximum revenue in 2015 and is likely to dominate the market during the forecast period. However, corn mint essential oil is expected to grow at the highest during the forecast period. • Among the different key applications, food & beverages is anticipated to be the leading revenue contributor throughout the analysis period.

  6. Market Segmentation

  7. Key Players of the Market • doTERRA International • Biolandes • Sydney Essential Oils Co. Pty Ltd • Young Living Essential Oils • Farotti S.R.L • The Lebermuth Company, Inc • Essential Oils of New Zealand Ltd • H.Reynaude & Fils • Moksha Lifestyle Products • West India Species, Inc. For Purchase Enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/1412

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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