(MENAFN- Ameliorate Digital Consultancy)
Essential Oils Market in Europe to register lucrative gains by 2026. The numerous health benefits related to essential oils are projected to fuel their demand in cosmetics, pharmaceutical, and medical applications. Essential oils extracted from ingredients such as rosemary, hyssop, lavender, sage, clary, rose, and roman chamomile are sought after for their various health benefits. Today's hectic and busy lifestyles has created a significant demand for different stress relieving measures like aromatherapy, which is likely to raise the product demand.
With increasing consumer preference for natural and chemical-free ingredients, Essential Oils Market in Europe size will witness an accelerated expansion of over the coming years. Essential oils are substances extracted from plants, whose scents, flavors as well as other beneficial properties make them optimal for use in health, hair, and skincare products.
Request for a sample of this research report @
Apart from being a well-developed beauty and wellness hub, Europe is also considered to be a major food & beverages market, offering ample of growth opportunities for essential oils industry. Rising consumption of desserts, dips, marinades, and salads in meals across Europe is also favoring the market growth.
Consequently, a number of prominent firms are increasingly focusing on research and development activities in an effort to cater to the rapidly increasing product demand. Growing R&D is leading to higher novel product launches, fostering the business scenarios.
Following are some of the key trends that are expected to shape the Essential Oils Market in Europe growth:
Growing adoption in cosmetics and toiletries
Speaking of application spectrum, in 2019, the cosmetics and toiletries application segment was valued at more than $400 million and is expected to showcase promising growth during the analysis time period. Waning dependence on synthetic ingredients and consumers increasing preference towards natural oils in cosmetics & toiletries is likely to raise the product demand. As per Cosmetics Europe, in 2017, the cosmetic and personal care products market across Europe was a €77.6 billion industry.
Increasing prevalence of health disorders across Germany
On the regional front, the essential oils market revenue in Germany was valued at more than $450 million back in 2019. The regional segment is further projected to see strong growth over the forecast time period. This can be majorly ascribed to the numerous health benefits of aromatherapy and high consumption of essential oil-based personal care and cosmetic products. Furthermore, rising occurrence of different health-related issues like heart diseases, Alzheimer's, and bronchitis will also foster the Essential Oils Market in Europe size.
Key players constituting the industry's competitive hierarchy include doterra, Royal DSM, Edens Garden, the Sydney Essential Oil Co., Cargill Incorporated, Essential Oils of New Zealand Ltd., Sensient Technologies Corporation, Young Living Essential Oils, LLC., Givaudan, Lebermuth, Inc., and FAROTTI SRL among many others. Prominent manufacturers are also focusing on new product launches and implementing various strategies such as partnerships, collaborations, and acquisitions to gain competitive advantage for business expansion.
Rising awareness around the benefits of lavender-based essential oils
In terms of product, in 2019, the lavender essential oil segment accounted for a market revenue of approximately $450 million. The segment is anticipated to witness growth of more than 9% over the assessment timeframe. Geranium, jasmine, rosemary, and lavender essential oils are mostly used in hair care and cosmetic products. This is owing to their inherent stress relieving properties when properly massaged on scalp. Additionally, their ability to strengthen the roots of the hair also warrants their use in such products. Moreover, lavender and rosemary essential oils also help prevent acne, reduce complexion, and headaches, creating a notable demand for these oils.
Request for customization of this report @
Table of Contents (ToC) of the report:
Chapter 5 Essential Oils Market in Europe Size, By Application
5.1 Market trends
5.2 Food & beverage
5.2.1 Market size from Food & beverage applications, 2015-2026, (Kilo Tons) (USD Million)
5.2.2 Market size from Food & beverage applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.3 Aromatherapy
5.3.1 Market size from Aromatherapy applications, 2015-2026, (Kilo Tons) (USD Million)
5.3.2 Market size from Aromatherapy applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.4 Cosmetics & Toiletries
5.4.1 Market size from Cosmetics & Toiletries applications, 2015-2026, (Kilo Tons) (USD Million)
5.4.2 Essential Oils Market in Europe size from Cosmetics & Toiletries applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.5 Pharmaceuticals
5.5.1 Market size from Pharmaceuticals applications, 2015-2026, (Kilo Tons) (USD Million)
5.5.2 Market size from Pharmaceuticals applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.6 Cleaning & home care
=5.6.1 Market size from Cleaning & home care applications, 2015-2026, (Kilo Tons) (USD Million)
5.6.2 Market size from Cleaning & home care applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.7 Animal Feed
5.7.1 Market size from Animal Feed applications, 2015-2026, (Kilo Tons) (USD Million)
5.7.2 Market size from Animal Feed applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.8 Fragrance
5.8.1 Essential Oils Market in Europe size from Fragrance applications, 2015-2026, (Kilo Tons) (USD Million)
5.8.2 Market size from Fragrance applications, by country, 2015-2026, (Kilo Tons) (USD Million)
5.9 Others
5.9.1 Market size from Others applications, 2015-2026, (Kilo Tons) (USD Million)
5.9.2 Essential Oils Market in Europe size from Others applications, by country, 2015-2026, (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
Contact Us:
Parikhit B.
Corporate Sales,
Graphical Research
Phone: 1-208-273-9852
Email:
Web:
MENAFN22092022004660010643ID1104911820
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.