Global Essential Oil Isolates Market - 2023-2030
Market Overview
The global essential oil isolates market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 10.12% during the forecast period (2023-2030).
Essential oil isolates are thickened oil isolates obtained from plants with aroma and other characteristics. The purest essential oil isolates can be collected from carefully developed plants worldwide. Essential oil isolates have numerous flavors, like tea tree, orange, lavender, lemon, jasmine, and others. Several health advantages proposed by essential oil isolates are anticipated to boost the growth of the essential oil isolate industry. Essential oil isolates do not result in any allergies, unlike other medication products. The market for essential oil isolates is expanding due to the strong demand for organic commodities. The surging expansion of the essential oil isolate market and increasing small, medium, and large-scale factories are the drivers of growing global competition. Nowadays, high-quality essential oil isolates are being manufactured with numerous advantages.
Market Dynamics
Consumer inclination toward aromatherapy drives the market
Rising health consciousness among consumers, changing lifestyles, social media influence, and increasing spending power drive market growth. Essential oils and essential oil isolates are extensively used in aromatherapy. Consumers are inclined toward aromatherapy to improve metabolism, blood circulation, digestion, and hormonal function. According to ScienceDirect, aromatherapy suits many people. In research, about 3000 patients were given aromatherapy, and only 1.67% faced complications.
Rising consumption of essential oils inclines the growth
The global demand for organic cosmetics is rapidly increasing. Essential oil isolates are widely used in skincare products, hair care products, perfumes for fragrance, natural preservatives, and therapeutic qualities, including dandruff, anti-aging, hair fall control, rejuvenation, and fragrance. Essential oil isolates are important for the production of custom scents. Essential oil isolates are used in the food and beverage industry to improve the taste and smell of food products. Essential oil isolates are also beneficial for spas and wellness centers because they help relieve stress and relax stressed muscles, which are factors driving the market.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global essential oil isolates market is segmented based on type, flavor, application, distribution channel, and region.
The cosmetics and personal care segment held the largest market share
The increased consumer awareness of beauty and wellness is a crucial element driving the essential oil isolates market. The increasing demand for natural cosmetic and personal care products around the world fuels market expansion; according to Statista, the natural cosmetic market was valued at over USD 800 million in 2019 and is predicted to rise at a CAGR of 6.6%. Due to increased consumer expenditure on cosmetics and personal care items, India, China, and Brazil are the market's main contributors. The Indian beauty and personal care market was valued at USD 8 billion in 2018 and is predicted to grow at a CAGR of 6%, according to a report published by the Ministry of Economy and Industry.
Geographical Analysis
Rising demand for essential oil isolates
The Asia-Pacific’s essential oil isolate market is bolstered by the rising awareness regarding beauty, which subsequently drives the demand for cosmetic products in India, China, Japan, and South Korea. For instance, as per the report published by the Ministry of Economy and Industry, India’s per capita spending on beauty and personal care products was around USD 6.3 in 2019. Asia-Pacific is the hub for manufacturers of essential oil isolates due to the easy availability of raw materials and low labor costs. Apart from this, the booming agriculture sector is bolstering market growth in the region. Asia-Pacific is the largest producer of corn, clove, lemon, and orange, among other primary ingredients for essential oil isolate.
Competitive Landscape
The major global players in the market include Advanced Biotech, Plant Therapy, Soap & Salve Company, Hermitage Oils, Essential Oils, NOW Foods, DoRTerra, FlavexNaturextrakte GmbH, Ungerer and Company, Inc. and Young Living Essential Oils.
Why Purchase the Report?
• To visualize the global essential oil isolates market segmentation based on type, flavor, application, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of essential oil isolates market-level with all segments.
• PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.
The global essential oil isolates market report would provide approximately 93 tables, 109 figures and 190 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
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