07.17.17
The essential oils market is projected to be reach 11.19 billion USD by 2022, growing at a CAGR of 8.83% from 2017 through 2022, according to this report by MarketsandMarkets.
The report includes Product Type categories, which are Orange, Lemon, Lime, Peppermint, Citronella, and Jasmine; Methods of Extraction; and Application categories, which are Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Home Care, and Health Care.
Significant growth for essential oils is predicted for the Asia-Pacific region, which includes the following segents: China, Japan, India, Australia & New Zealand, and the Rest of the Asia-Pacific.
Consumers are showing an increasing in the preference for natural essential oil ingredients, such as peppermint and spearmint, in the Asia-Pacific region. These consumers are also demonstrating a rise in purchasing power.
The report also analyzes different marketing and development strategies, and describes the product portfolio of leading companies, including Cargill, E.I. du Pont de Nemours and Company, Koninklijke DSM N.V., and Givaudan.
