LONDON--(BUSINESS WIRE)--Aug 13, 2019--
The global essential oil market size is poised to reach USD 3.9 billion by 2023, according to a new report by Technavio, progressing at a CAGR of 8% during the forecast period.
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Technavio has published a new market research report on the global essential oil market during 2019-2023. (Graphic: Business Wire)
Read the 110-page research report with TOC on "Essential Oil Market Analysis Report by application (food and beverages, recreation, and others) and geography (APAC, Europe, MEA, North America, and South America) 2019-2023" at
The market is driven by expanding applications across various industries. Also, the health benefits associated with aromatherapy with essential oils are anticipated to boost demand during the forecast period.
The applications of essential oils are increasing across various sectors, including healthcare and food and beverage industries. Essential oils are widely used as a key ingredient in various foods and beverages. The anti-inflammatory property and the presence of vitamin C in basil oil, for instance, make it suitable for use in cosmetic applications such as the production of skin creams, dental creams, and mouthwashes. Essential oils are also used in massage therapies and the manufacture of perfumes and scented beauty products. Therefore, the expanding applications of these oils across various industries will drive the growth of the market.
Furthermore, the demand for essential oils is increasing globally because of their ability to reduce anxiety, ease depression, eliminate headaches, improve digestion, and reduce pain. Essential oils also help in boosting energy levels and cognitive performance, speeding up the healing process, and strengthening the immune system. Thus, the rising demand for aromatherapy will be a key trend that will positively impact the growth of the essential oils market during the forecast period.
For More Information: Speak to an Analyst
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Aromaaz International
- Bath & Body Works Direct, Inc.
- Frontier Co-op.
- NOW Foods
- Young Living Essential Oils
Market Segmentation by Category and Product Types:
The Essential Oils Market can be broadly categorized into the following application segment:
- Food and beverages
Key Regions for the Essential Oils Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: ALTERNATIVE MEDICINE OTHER HEALTH LUXURY HEALTH FOOD/BEVERAGE COSMETICS RETAIL HOME GOODS
SOURCE: Technavio Research
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PUB: 08/13/2019 07:00 AM/DISC: 08/13/2019 07:00 AM