Global Essential Oil Market Report, Size, Share, Analysis Forecast to 2023

Essential oil Market Information- by Type (Pure essential oil, Compound essential oil and Others), by Ingredients (Orange, Corn mint, Cedarwood, Eucalyptus, Chamomile, Lavender, Clary sage, Citronella, Litsea cubeba, Citrodora, Peppermint, Basil,  Clove Leaf and Others) and by Application (Fragrance & Flavor, Aromatherapy, Pharmaceutical,  Cosmetics and Other) and by Province Forecast to 2023

Report Description

Essential Oil market is projected to grow at 5.92% during the forecasted period 2017to 2023. APAC region is estimated to dominate the market with more than 50% of market share followed by America in the year 2017. France, Italy and Germany are major essential oil producers in the Europe region. Increasing popularity of essential oil in aromatherapy and pharmaceuticals supporting various essential oil production in America and Europe region. U.S. and Canada are major essential oil market in the American region. Strong potential of essential oil production and rising application of essential oil in cosmetics and personal care supporting market growth among the various regions in the world.

Global essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92%. Pure essential oil will grow at the CAGR of 6.16% during forecast period 2017 to 2023. Pure essential oil holds the major market share followed by compound essential oil in the year 2017. Corn mint and Orange together holds more than 57% of market share in the year 2017. Clove leaf essential oil market is projected to reach around USD 150 million by 2023 with CAGR of 6.09% and it is majorly produced in APAC region.

The Global Essential Oil Market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW) .APAC region is estimated to dominate the market with 58.2% of market share in the year 2017 followed by America which have 21.9% of market share. France, Italy and Germany are major essential oil producers in the Europe region. Increasing popularity of essential oil in aromatherapy and pharmaceuticals supporting various essential oil production in America and Europe region. U.S. and Canada are major Essential Oil market in the American region. Strong potential of essential oil production and rising application of essential oil in cosmetics and personal care supporting market growth among the various regions in the world.

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