Essential Oil Market [By Product Type (Lemon, Lime, Orange, Corn Mint, Eucalyptus, Peppermint, Citr

Essential Oil Market Set to Exceed USD 16,172.2 million by 2026 | CAGR 10.1% “Essential Oil Market [By Product Type (Lemon, Lime,

Orange, Corn Mint, Eucalyptus, Peppermint, Citronella, Clove Leaf, Others); By Distribution Channel (Offline Stores, Online Platforms); By Application (Healthcare and Pharmaceutical, Cleaning, Food and Beverages, Spa and Wellness, Others); By Region]: Market Size & Forecast, 2018 – 2026”

Essential Oil Market Estimate & Forecast to 2026 According to a new report published by Polaris Market Research the essential oil market is anticipated to reach USD 16,172.2 million by 2026. In 2017, the orange essential oil segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period. A significant increase in disposable income, changing lifestyles, and initiatives by market players to promote healthy lifestyles drive the growth of this market. Other driving factors include increasing incidences of stress and anxiety, growing inclination towards use of natural and organic products, and increasing awareness regarding physical and mental health. The use of essential oils in various applications such as food and beverages, healthcare, pharmaceutical, cosmetics, and aromatherapy further propel the market growth. Increasing demand in developing nations is expected provide numerous growth opportunities to the market players during the forecast period. There has been a shift towards e-commerce and consumers are increasingly purchasing essential oils through online platforms. The variety of choices available coupled with ease of purchase offered by online platforms encourages consumers to buy essential oils online, supplementing the growth of the market.

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Essential Oil Market Scope By Product Type

By Application

By Distribution Channel



Lemon



Offline Stores



Lime



Online Platforms



Orange



By Region

Report Attributes

Healthcare and



North America



Historic year: 2015-2016

Pharmaceutical



Europe



Base year: 2017



Cleaning



Asia Pacific



Forecast Year: 2018-2026

Corn mint



Food and Beverages



Latin America Middle East



Revenue (USD Million)



Eucalyptus



Spa and Wellness



Peppermint

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Others



Citronella



Clove leaf



Others

& Africa

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Essential Oil Market Estimate & Forecast to 2026 The different types of essential oils in the market include lemon, lime, orange, corn mint, eucalyptus, peppermint, citronella, clove leaf, and others. In 2017, the orange essential oil segment accounted for the highest market share. The increasing demand for orange essential oil is owing to properties such as antiinflammatory, antidepressant, and antispasmodic. Use of orange essential oil has a calming effect on mind and body, and is used in various cosmetics products. It is also used in various foods and beverages to enhance flavor. The well-known companies profiled in the report include Dōterra International LLC., Rocky Mountain Oils, LLC, Naturals Together, Robertet SA, Now Health Group, Inc., Biolandes SAS, Falcon Essential Oils, Ungerer Limited, The Lebermuth Company, Flavex Naturextrakte GmbH, Farotti Srl, and E. I. Du Pont De Nemours and Company among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Essential Oil Market Share

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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

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