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Global Essential Oils Market To Be Driven By Favourable Government Initiatives And Technology Investments In The Forecast Period Of 2020-2025

The new report by Expert Market Research titled, ‘Global Essential oils Market Share, Size, Price Trends, Growth, Industry Analysis, Report and Forecast 2020-2025’, gives an in-depth analysis of the global essential oils market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2015-2025)

1.    Historical Market Size (2019): 177.6 thousand metric tons
2.    Forecast CAGR (2020-2025): 8.8%
3.    Forecast Market Size (2025): 294.5 thousand metric tons

Request a free sample copy in PDF or view report summary@ https://www.expertmarketresearch.com/reports/essential-oils-market/...

The global essential oils market is being driven by the rising demand for plant-based and organic products among consumers, growing focus on health and wellness, increasing knowledge regarding the harmful effects of synthetic products, rising disposable incomes, and increasing trend of aromatherapy. Over the years, the product has witnessed a rapid growth in its application as a food additive. The new product launches, sustainability initiatives, and technology investments are expected to aid the market growth over the forecast period. Moreover, the growing consumer preference for online purchases owing to the convenience factor will further boost the sales volume of essential oils in the coming years.

Read Full Report Online@ https://www.expertmarketresearch.com/reports/essential-oils-market

Industry Definition and Major Segments

Essential oils are the oils derived from plant sources via the process of distillation. The essential oils from different plants contain distinct aromatic compounds, which provide them with their unique qualities and aroma. These oils are known to have soothing, as well as therapeutic properties, and can also be used as natural flavouring agents in several applications.

Based on type, the industry is divided into:

1.    Mentha Oil
2.    Orange Oil
3.    Peppermint Oil
4.    Clove Oil
5.    Others

On the basis of application, the industry is categorised into:

1.    Flavour and Fragrance
2.    Industrial
3.    Pharmaceuticals

The regional markets for essential oils include:

1.    North America
2.    Europe
3.    Asia Pacific
4.    Latin America
5.    Middle East and Africa

Indonesia is the leading clove oil-producing country, accounting for over 75% of the global clove oil production, whereas Brazil is the major orange oil producer, accounting for more than half of the global orange oil production.

Market Trends

The growing utilisation of essential oils across key end-use industries is aiding the growth of the market. This trend is supported by the favourable government policies intended to improve the environment and aid the farmers engaged in the commercial cultivation of aromatic crops. Most developing nations like India, Brazil, and Indonesia are the major producers and exporters of several essential oils globally. The governments of these nations are taking several measures to strengthen the sector. For instance, in India, the Ministry of Micro, Small, and Medium Enterprises is providing regular training programmes/courses, which focus on commercial cultivation of aromatic crops, its processing and marketing, value addition in essential oils and aroma chemicals, and quality assessment of essential oils/aroma chemicals using modern instrumental techniques, among others at Fragrance and Flavour Development Centre, Kannauj. Such developments are expected to aid the market growth in the coming years

Key Market Players

The major players in the market are Robertet Group, Biolandes SA, Sydney Essential Oil Co., Lebermuth, Inc, Young Living Essential Oils, Ungerer Limited, and Farotti Srl, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person:-Adam Lee, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

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