Essential Oil Manufacturing
Favorable shifts in consumer demand and market expansion have helped the Essential Oil Manufacturing industry grow in the five years to 2017. Disposable income has rebounded, which has contributed to growing demand from several key industries including soap manufacturers, cosmetic and beauty product manufacturers and cleaning product manufacturers. Furthermore, a growing consumer shift to natural, eco-friendly products has contributed to revenue growth. Soap and cleaning product manufacturers have struggled in recent years, but the inclusion of essential oils into many of their products is expected to benefit industry manufacturers. Over the five years to 2022, the Essential Oil Manufacturing industry is expected to increase the pace of revenue growth through greater homeopathic oil use. Key fragrance and consumer product manufacturers are expected to steadily purchase industry products, while operators will seek to establish an even stronger 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.