Dublin, June 10, 2024 (GLOBE NEWSWIRE) -- The "Essential Oils - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Essential Oils is estimated at US$9.3 Billion in 2023 and is projected to reach US$14.7 Billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Distillation extraction method segment, which is expected to reach US$5.6 Billion by 2030 with a CAGR of 6.5%. The Solvent Extraction segment is also set to grow at 5.9% CAGR over the next 8 years.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.3 Billion in 2023, and China, forecasted to grow at an impressive 7% CAGR to reach $1.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Market Trends & Drivers:
- Rapid Growth of Aromatherapy & Natural Therapies Fuels Demand for Essential Oils
- Rising Awareness about Preventive Healthcare Drives Demand for Essential Oils
- Pharmaceutical Industry Emerges as a High Potential Growth Segment for Essential Oils
- With Incidence of Anxiety Disorders and Depression on the Rise, Essential Oils Emerge to Provide Relief
- Depression Emerges as a Major Mental Health Condition: Breakdown of Cases of Depressive Disorders by Region for 2023
- Personal Care & Cosmetic Applications to Continue Spurring Demand for Essential Oils
- Growing Use of Essential Oils in Food & Beverage Applications
- Trend Towards Organic & Natural Foods Bodes Well for Natural Food Preservatives, Driving Opportunities in Essential Oils
- Essential Oils Hold Potential as a Natural Pesticide
- Lemon Essential Oil: A Commonly Used Essential Oil in Aromatherapy
- Lemon Myrtle Essential Oil: Expanding Uses to Boost Growth
- Use of Essential Oils in Vaping Gains Momentum
- Organic Essential Oils Poised for High Growth
- Growing Focus on Sustainable Production in Essential Oils Industry
- Risks and Challenges of Using Essential Oils Restrains Market Growth
Key Questions Answered:
- How is the Global Essential Oils Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Firmenich SA, Bath & Body Works Direct, Inc., doTERRA International LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- Firmenich SA
- Bath & Body Works Direct, Inc.
- doTERRA International LLC
- Farotti Essenze Srl
- Aura Cacia
- Biolandes
- Boutique Essential Oils Group (BEOG)
- Eden Botanicals
- Edens Garden
- EOAS Organics (Private) Limited
- Bulk Apothecary
- Enio Bonchev Production Ltd.
- artnaturals
- Frontier Co-Op
- Australian Botanical Products
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 492 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $9.3 Billion |
| Forecasted Market Value (USD) by 2030 | $14.7 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/j6fjx
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