Essential Oils Market consumption will surpass 350 kilo tons/years by 2024

UK essential oils market consumption from food and beverage application will exceed surpass 5.5 kilo tons by 2024 driven by its extensive usage in food sector.

Selbyville, United States - May 8, 2019 /MarketersMedia/ —

Italy essential oils market from cosmetics & toiletries applications will achieve 10.5% CAGR in given timeframe, owing to upgraded lifestyles of the individuals and focus towards natural and safe ingredients which is positively affecting essential oils market. These oils are extensively used in hair care, skin care products as natural preservatives and for their therapeutic application including antiaging, dandruff and hair fall control. Wide product usage in perfumes & fragrances and shifting consumer preference towards sustainable ingredients which has multifunctional features will stimulate essential oils market growth.

U.S. essential oils market from pharmaceuticals applications may observe gains at over 8.5% in forecast timeframe. Essential oils and its volatile ingredients are used to avert and helps in treating diseases including cancer and cardiovascular diseases thrombosis & atherosclerosis, which may stimulate industry growth in projected timeframe. The product also has application in antioxidants, antiviral antidiabetic and antibacterial drug formulation along with usage as skin penetration enhancers for transdermal drug delivery will further propel product demand in the region.

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China geranium oil market is projected to surpass USD 50 million by 2024. Geranium oil is widely used in aromatherapy owing to its health benefits. Its application as wrinkle reducer, muscle helper, infection fighter, skin enhancer and anti-inflammatory agent may propel essential oils market in forecast timeframe.

India essential oils market will surpass USD 790 million up to 2024. Adoption of sustainable agriculture techniques which has led to large scale production raw materials including spices, lemon, orange, mint for oil extraction will propel industry growth.

Global Essential oils Market is expected to exceed USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing geriatric population suffering with various health ailments and searching for potential herbal treatments to avoid side effects of pharmaceutical chemical drugs will drive aromatherapy industry growth, thereby propelling essential oils market size. Changing standards of living as led to occurrence of various mental issues such as depression, insomnia, anxiety and stress which has grown popularity of aromatherapy. Essential oils such lemon, lavender, sandalwood, jasmine, orange and rosemary oil help in combating these issues which is likely drive market growth.

France essential oils market will register gains up to 8.5% by 2024. Occurrence of major cosmetic manufacturing companies has led to increasing imports of these oils in this country, thus propelling product demand. Intensive marketing strategy of companies generating awareness about essential oils and aromatherapy is likely to foster industry growth.

Lavender oil market size is anticipated to reach over 20 kilo tons by 2024. It helps in combating serious health conditions like cancer, chronic anxiety & stress along with reverse signs of ageing, relieves pain, and headaches which makes it suitable for pharmaceutical, aromatherapy and cosmetic applications, thus driving product demand.

Rosemary oil will witness robust growth owing to its wide usage in preventing hair loss, slowing graying of hair, relieving dandruff and moisturizing dry scalp has promoted its use in hair care products. Emerging trends of hair treatments, coloring and climatic conditions damaging the hair growth and leading to varied issue is likely to favor product demand in cosmetic formulations.

Global essential oils market share is moderately fragmented as well as competitive. Major industry participants include Young Living, Bio Landes, Flavex, Florihana, Lebermuth, Moksha Lifestyle, Frutarom, Flacon, Firmnich, Symrise, BoInternational, and DoTerra, Companies are stressing on R&D to provide innovative and cost-effective products to consumer. Key importance is given to develop products for preservation application and aromatherapy along with enhancing extraction and new storing techniques to increase efficiency of oil.

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Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/essential-oil-market

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Release ID: 510376