Favorable shifts in consumer demand and market expansion have helped the Essential Oil Manufacturing industry thrive in the current five-year period. Disposable income has increased, which has contributed to growth in demand from several key industries, including soap manufacturers, cosmetic and beauty product manufacturers and cleaning product manufacturers. In the coming years, the industry is expected to grow steadily. Key downstream markets are expected to continue to demand industry products, while operators seek to establish a presence in the medical and homeopathic markets.
The Essential Oil Manufacturing industry develops and produces concentrated hydrophobic liquids that contain aroma compounds from plants. An oil is “essential” in the sense that it carries a distinctive scent or essence of a particular plant. This industry does not include products manufactured for medical, pharmacological or culinary purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.