Global Essential Oil Market 2021-2025
Technavio has been monitoring the essential oil market and it is poised to grow by $ 5.04 billion during 2021-2025, progressing at a CAGR of almost 9% during the forecast period. Our report on the essential oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the health benefits of essential oils and expanding applications across various industries. In addition, the health benefits of essential oils is anticipated to boost the growth of the market as well.
The essential oil market analysis includes the application segment and geographic landscape.
Technavio's essential oil market is segmented as below:
- Food and beverages
- North America
- South America
This study identifies the expanding retail space as one of the prime reasons driving the essential oil market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on essential oil market covers the following areas:
- Essential oil market sizing
- Essential oil market forecast
- Essential oil market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading essential oil market vendors that include Aromaaz International, Biolandes Aromes SAS, doTERRA International LLC, Frontier Co-op, H. Reynaud and Fils, NOW Health Group Inc., Bath and Body Works Direct Inc., Sydney Essential Oil Co. Pty Ltd., The Lebermuth Co. Inc., and Young Living Essential Oils. Also, the essential oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.