Essential Oils Market Forecast to Exhibit 9.65% CAGR, Expansion of Fo Essential Oils

Essential Oils Market Forecast to Exhibit 9.65% CAGR, Expansion of Food & Beverages Sector to Fuel
Demand for Essential Oils
The food and beverage industry is gradually transforming. The shift towards healthy and organic food is
fuelling the demand for essential oils. As per a report by Fortune Business Insights, the Global Essential
Oils Market is expected to rise at a CAGR of 9.65% between 2019 and 2025. Fortune Business Insights in
a new study, titled “ESSENTIAL OILS Market Size, Share and Global Trend By Type (Citrus, Eucalyptus,
Lavender, Rosemary, Tea Tree, and Others), Application (Food & Beverages, Personal Care & Cosmetics,
Pharmaceuticals, and Others), and Geography Forecast till 2026: GLOBAL MARKET ANALYSIS, INSIGHTS
AND FORECAST, 2015-2026” predicts that essential oils play a crucial role in food and beverages,
pharmaceuticals, and cosmetics industry.
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-
reports/essential-oils-market-101063
Essential oils are used in aromatherapy, which is likely to gain prominence, especially among people in
urban areas. The growing inclination for aromatherapy among the population is expected to offer an
upthrust to the essential oils market growth.
Some of the other companies operating in the global Essential Oils Market are;
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Biolandes SAS
Now Foods
International Flavors & Fragrances Inc.
Givaudan International SA
Ultra International B.V.
Symrise AG
The Lebermuth Company, Inc.
Enio Bonchev Production Ltd and Phoenix Aromas & Essential Oils LLC.
According to the report, the global market for essential oils was worth US$ 7.03 Bn in 2018 and is
anticipated to reach US$ 14.6 Bn by 2026. This shows that the essential oils market size is expected to
increase in the forthcoming years. The increasing importance for herbal and natural treatment across
the world is fuelling demand for essential oils. In order to enhance the flavor, some manufacturers add
synthetic chemicals to food products which can adversely affect the health. Hence, manufacturers are
compelled to use a natural and organic product such as essential oils to make the food product more
aesthetically appealing.
Essential Oils Market to Gain from Rising Demand from Food & Beverages Sector
Essential oils demand is increasing at a rapid pace in the food and beverages sector. As per the report,
this sector holds a 46.1% share in the global market, which expands the essential oils market share.
Increasing FDA approvals of essential oils in this sector is expected to positively impact the market.
Biological properties such as insecticidal, antiparasitic, and anti-toxigenic offered by these oils is one of
the primary factors for their rising preference in food and beverages industry. Use of essential oil in food
products increases their shelf-life and storage capability.