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Data Bridge Market Research analyses that the essential oil extraction market was valued at USD 10.04 billion in 2021 and is expected to reach the value of USD 21.52 billion by 2029, at a CAGR of 10.00% during the forecast period of 2022 to 2029.
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Market Definition
Essential oils are concentrated extracts of plant parts such as leaves, herbs, and barks. These are volatile, aromatic plant essences with flavouring properties that make them extremely useful in food and beverage, cosmetics, home care and cleaning, aromatherapy, and fragrance applications.
Essential Oil Extraction Market Dynamics
Drivers
- Long shelf life as well as growing demand from personal care industry
Essential oil has a long shelf life because it does not oxidise or become rancid and does not degrade when subjected to high temperatures and pressure because of this property, it is used in a variety of skin care products, including moisturisers, facial cleansers, scar and stretch mark minimizers, and anti-acne gels, as well as hair care products, including conditioners, de-tangling creams, and hair regrowth serums.
- The growing application in supplement and pharmaceutical industries
In addition, essential oil contains a variety of vitamins and minerals, including vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it is used as a diet supplement and as a key ingredient in several pharmaceutical products for the treatment of sores, cuts, bruises, burns, and athlete's foot and warts. Furthermore, as some plant seeds can be cultivated after five years, leading companies invest in R&D activities to develop innovative and cost-effective technologies to ensure a consistent supply of oil resources.
Opportunity
Increased disposable income and standard of living are the major factors driving the growth of the essential oil extraction market; increased demand for personal care products drives the market rapidly. The variety of essential oil applications in personal care products is expanding rapidly, which is likely to create new opportunities for essential oil extraction market manufacturers during the forecast period.
The essential oil extraction market is segmented on the basis of extraction method, products and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Essential Oil Extraction Market Regional Analysis/Insights
Asia-Pacific (APAC) is expected to increase the essential oils business during the mentioned forecast period. The factors driving the province's trade growth are an increase in disposable income and increased investment in the application of natural resources.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Essential Oil Extraction Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Essential Oil Extraction Market.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Essential Oil Extraction Market Landscape
Part 04: Global Essential Oil Extraction Market Sizing
Part 05: Global Essential Oil Extraction Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
This study answers to the below key questions:
- What are the key factors driving the Essential Oil Extraction Market?
- What are the challenges to market growth?
- Who are the key players in the Essential Oil Extraction Market?
- What are the market opportunities and threats faced by the key players?
Some of the major players operating in the essential oil extraction market are:
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (US)
- Boortmalt (Belgium)
- Indesso, (Spain)
- Lipoid Kosmetic AG,(Germany)
- The Herbarie at Stoney Hill Farm, Inc.(U.S)
- International Flavors& Fragrances, Inc.(Netherlands)
- Bell Flavors& Fragrances (France)
- Rutland Biodynamics Ltd. (Scotland)
- Prakruti Products Pvt. Ltd (India)
- AmbePhytoextractsPvt. Ltd. (Austria)
- The Green Labs LLC (Netherlands)
- Berje, Inc.(Italy)
- Umalaxmi Organics Pvt. Ltd.(India)
- DSM (Netherlands)
By Extraction Method (Distillation, Cold Press Extraction, Carbon Dioxide Extraction, Solvent Extraction, Others), Products (Lavender Oil, Lemon Oil, Orange Oil, Frankincense, Chamomile Oil, Lime Oil, Rosemary, Tea Tree, Patchouli Oil, Lavandin Oil, Lemongrass Oil, Citronella Oil, Balsam, Bergamot, Mandarine Oil, Eucalyptus Oil, Clove Oil, Cedarwood Oil, Coriander Oil, Basil Oil, Cornmint Oil, Peppermint Oil, Spearmint Oil, Litsea Cubeba Oil, Others), Application (Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Home Care, Health Care, and Others)
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