NEW YORK, November 4, 2016 /PRNewswire/ --
Growing awareness regarding health benefits of using essential oils, coupled with rising personal disposable income to drive the global essential oils market through 2021
According to TechSci Research report, "Global Essential Oils Market By Product Type, By Application, By Region Competition Forecast and Opportunities, 2011-2021", global essential oils market is anticipated to grow at a CAGR of around 9.4%, during 2016-2021, on the back of increasing consumer awareness regarding health benefits associated with using natural & organic personal care products containing herbal essential oils. Use of synthetic additives & flavours in food & beverages industry is on the rise, which causes various health related disorders. This has resulted in increasing number of consumer shifting towards using products made from natural additives, containing essential oils as use of essential oil strengthens the immune system and have no side effects. Expanding online presence of major essential oil manufacturing companies along with growing retail presence using various sales strategies such as multi-level marketing, direct selling, etc. is expected to result in augmented demand for essential oils across the globe over next five years. However, complexities associated with producing essential oils & limited availability of raw materials, combined with lack of awareness among consumers in developing countries regarding using essential oils and its benefits are some of the reasons restricting the growth of essential oils. Young Living Essential Oils, Sydney Essential Oils, Biolandes, H.Reynaud & Fils, The Lebermuth Co., etc. are of few of the leading players operating in the global essential oils market.
Browse 61 market data Tables and 99 Figures spread through 185 Pages and an in-depth TOC on "Global Essential Oils Market"
Orange essential oils accounted for the largest share in the global essential oils market in 2015. Continuous product innovation and expanding application areas such as using essential oils in food packaging sector, as it helps in food preservation is expected to drive global essential oils market during 2016-2025. Europe accounted for lion's share in the global essential oils market on account of huge concentration of essential oil manufacturers in the region coupled with high demand for essential oils emanating from countries such as France, Germany, Italy and Spain, etc.
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"Rapidly changing consumer preferences towards using natural additives containing essential oils, as essential oils are 100% free from chemicals and contain no synthetic products, along with increasing awareness about the health benefits associated with essential oils and applicability of essential oils ranging from fragrance to flavours, medicinal products, spa treatments, easy availability of the product in brick and mortar retail format and through online point of sales as well coupled with growing disposable income and rising health concerns are the major factors contributing to the growth of essential oils market, globally.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Essential Oils Market By Product Type, By Application, By Region Competition Forecast and Opportunities, 2011-2021" has evaluated the future growth potential of global essential oils market and provides statistics and information on market structure, size, share and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in the global essential oils market.
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