(MENAFN- America News Hour) “The report on
India Essential Oils Market
was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.
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Essential Oils Market: Overview
Essential oils are concentrated, volatile, hydrophobic plant extracts removed from different parts of plants such as leaves, roots, fruits, fruit peels, seeds, and barks Essential oils are volatile in nature. These oils contain aromatic essences of plants. Hence, they are called essential oils. An essential oil bears the name of the plant from, which it is extracted from. Essential oils have flavoring characteristics. They are used as a raw material in the manufacturing of various products, including food, beverages, aromatherapy products, cosmetics, homecare products, and fragrances. Steam distillation is a widely used method to extract essential oils from plants. Other methods include maceration, effleurage, solvent extraction, and mechanical pressing. Waste materials of plants are used as a source for manufacture of essential oils. For instance, citrus fruit peels are collected from the fruit juice industry. The collected peels are subjected to cold squeezing and crushing in order to obtain a fluid, which is then steam distillated to extract the essential oil. Essential oils are used in the manufacturing of perfumes, cosmetics, detergents, soaps, shampoos, cleaning gels, etc. As pharmaceuticals, essential oils are used in dental products and various ayurvedic medicines. The essential oils market in India is anticipated to expand at a significant pace during the forecast period. Demand for essential oils in various industries, including food & beverages, aromatherapy, cosmetics & toiletries, and homecare products has been increasing over the last few years, owing to their wide usage in these end-use industries. This factor is likely to boost the essential oils market in India during the forecast period. Essential oils offer several health benefits, which drives the demand for these oils in pharmaceutical applications. Essential oils are sourced from plants, unlike other conventional medicines. They do not have any major side effects. Consumers' rising preference for natural and organic products is driving the application of essential oils in cosmetics, homecare products, and food & beverages Leading FMCG (fast-moving consumer goods) manufacturers are launching products with natural ingredients. The development of new, natural products is estimated to fuel the demand for essential oils during the forecast period.
Citrus Oil to Witness Rise in Demand
The essential oils market in India has been segmented based on product, application, and zone. Based on product, the market in the country has been categorized into citrus oil, eucalyptus oil, clove oil, peppermint oil, basil oil, cornmint oil, spearmint oil, sandal wood oil, and others. The demand for citrus oils is increasing due to its increasing consumption. The citrus oils segment is anticipated to expand at the maximum CAGR during the forecast period. In terms of revenue, the cornmint oil segment held a major market share in
2019 . India is a major producer of mentha oils. The country produces various types of mentha oils, including cornmint oil, peppermint oil, spearmint oil, and Japanese mint oil. Based on application, the India essential oils market has been classified into food & beverages, pharmaceutical, cosmetics & toiletries, aromatherapy, homecare products, fragrances, and others. In terms of both revenue and volume, the food & beverages segment constituted a significant share of the essential oils market in India in
2019 . It is anticipated to expand at a rapid pace during the forecast period.
West Zone to Dominate India Essential Oils Market
In terms of zone, the India essential oils market has been classified into east, west, north, and south. The west zone segment dominated the market in the country in
2019 . This trend is estimated to continue during the forecast period also. The zone is projected to create lucrative opportunities for the market in the near future. Increase in the demand for natural products from various end-use industries in India is boosting the demand for essential oils in the country
India Essential Oils Market: Competition Landscape
The India essential oils market is fragmented. A large number of small- and medium-scale local manufacturer and suppliers of essential oils operate in the market. Key players operating in the India essential oils market are
Bo International Kanta Enterprises Private Limited Falcon Essential Oils Indian Aroma Exports India Essential Oils Shiv Sales Corporation AG Industries BMV Fragrances Pvt. Ltd Moksha Lifestyle Products Kush Aroma Export Veda Oils.
India Essential Oils Market – Scope of the Report
The recent research report on the India essential oils market provides readers with an assessment of the landscape of the market in the country, with the help of a comprehensive outlook. This study on the India essential oils market analyzes the market for the period from 2020 to 2030, wherein 2019 is the base year. This report enables readers to make important decisions regarding their business, with the help of a wealth of information enclosed in the study.
This study on the India essential oils market also provides data on important players and stakeholders in the market, along with competition analysis. The report also provides understanding of drivers, restrains, opportunities, and market trends.
This study also discusses underlying trends and the impact of various factors that are driving the India essential oils market, along with their influence on growth of the market in the country.
This study also offers Porter's Five Forces analysis and value chain analysis of the India essential oils market in order to elaborate on crucial growth strategies of and opportunities for players operating in the market in India.
Key Questions Answered in India Essential Oils Market Report
How much revenue is the India essential oils market expected to generate by the end of the forecast period? Which zonal segment currently accounts for the maximum share of the India essential oils market? What are factors expected to drive the India essential oils market during the forecast period? Which zone is likely to be a highly lucrative market for essential oils in India during the forecast period? What are the essential strategies adopted by key stakeholders of the India essential oils market to expand their geographical presence? What are major advancements in the India essential oils market?
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