Essential Oil Market Estimated To Expand Over US$ 59 billion With an Impressive CAGR of 9% By 2034: Fact.MR Report
Huge Popularity of Aromatherapy Upscales Demand for Essential Oils for Harnessing Their Functional Benefits – Fact.MR Analyst
Rockville Pike, Sept. 26, 2024 (GLOBE NEWSWIRE) — As revealed in a newly published study prepared by proficient analysts at Fact.MR, a market research and competitive intelligence provider, the global
Key Market Players In Essential Oil Market:
Young Living Essential Oils, Now Health Group, Inc., doTERRA, Rocky Mountain Oils, LLC, Ultra International B.V., NHR Organic Oils, AOS Product Pvt. Ltd., BMV Fragrances Pvt. Ltd., Lebermuth Inc., Van Aroma, Ugerer and Company, Flavaroma, Sensient Technologies Corporation, Givaudan SA, and Falcon Essential Oils are some of the leading manufacturers of essential oil.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the essential oil market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on type (citrus, nuts, herbs & spices, flowers, mint, others), nature (organic, conventional), and end use (food & beverages, personal care & cosmetics, pharmaceuticals), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Discover Additional Market Insights from Fact.MR Research:
Global citrus essential oil market is projected to expand at a CAGR of 4.1% and hit a valuation of US$ 6 billion by 2032, up from its current size of US$ 4 billion in 2022.
Global spearmint oil market is estimated at US$ 497.8 million in 2024 and is projected to climb to a value of US$ 818.7 million by 2034. Global demand for spearmint oil has been forecasted to rise at a CAGR of 5.1% from 2024 to 2034.
Global grapefruit oil market is estimated to expand at a CAGR of 5% from 2023 to 2033. The market is valued at US$ 400 million in 2023 and is thus forecasted to reach US$ 650 million by 2033-end.
Global citronella oil market is currently valued at US$ 110 million and is thus expected to reach a market size of US$ 180 million by the end of 2033.
Global peppermint oil market is calculated to increase from a valuation of US$ 230.3 million in 2024 to US$ 444.6 million by 2034. Worldwide sales of peppermint oil are foreseen to increase at a CAGR of 6.8% By 2034.
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