Essential Oils Market Forecast to Exhibit 9.65% CAGR, Expansion of Fo Essential Oils | Page 2

Segments of Essential Oils Market are;
By Type






Citrus
Eucalyptus
Lavender
Rosemary
Tea Tree
Others
By Application



Food & Beverages
Personal Care & Cosmetics
Pharmaceuticals
Get Sample PDF Brochure https://www.fortunebusinessinsights.com/enquiry/request-sample-
pdf/essential-oils-market-101063
North America and Europe Collectively Lead the Market
The market in North America and Europe is expected to witness higher CAGR during the forecast period
(2019-2026). This is attributable to the presence of a large number of manufacturers in these regions. A
large number of cosmetic production firms present in Europe is likely to surge regional market growth.
The developed market in the U.S. and European Union are responsible for constant growth in the
market. The demand for aromatherapy - a well-known form of alternative medicine is increasing in
some of the leading markets of Germany, the U.K., and France will propel the sales of the market. This
will further increase the essential oils market revenue in the forecast years.
South America and Asia Pacific are anticipated to grow considerably in the market owing to better
economic condition. Rising urban class population especially in India and China is likely to bolster the
essential oils sales in these countries.
Rising R&D Activities and Launch of Innovative Extraction Techniques to Bolster Demand for Essential
Oils
“Growing research and development (R&D) activities on essential oils will help manufacturers to
understand the benefits of essential oils. Botanists are also getting involved in several extraction
techniques, which will amplify the demand for essential oils,” said a lead analyst at Fortune Business
Insights. “Customer preference is shifting towards green and sustainable products, which are
multifunctional in nature. This shift will stimulate growth in the market,” he added.
Growing hospitality and tourism industry is escalating demand for aromatherapy. This, along with the
rising usage of natural active products in cosmetics and pharmaceuticals, is boosting the essential oils
market growth.
dōTERRA’s Personalized Healthcare Vision to Help Market Grow