The Essential Oils Global Market Report 2023, provides comprehensive information on the essential oils market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/essential-oils-global-market-report
As per The Business Research Company’s Essential Oils Global Market Report 2023, the global essential oils market size grew from $13.64 billion in 2022 to $15.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global essential oils is expected to grow to $25.93 billion in 2027 at a CAGR of 14.3%.
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The essential oils market is segmented:
1) By Type: Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil
2) By Method of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Other Method Of Extraction
3) By Application: Food & Beverage, Aromatherapy, Cosmetics & Toiletries, Pharmaceuticals, Cleaning & Home Care, Animal Feed, Fragrances
North America was the largest region in the essential oils market in 2022.
The table of contents in TBRC’s essential oils market report includes:
- Executive Summary
- Essential Oils Market Characteristics
- Essential Oils Market Trends And Strategies
- Essential Oils Market – Macro Economic Scenario
- Essential Oils Market Size And Growth
- Essential Oils Market Segmentation
- Essential Oils Market Regional And Country Analysis
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- Essential Oils Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Essential Oils Market
- Essential Oils Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range
of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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