IMARC Group, a leading market research company, has recently releases report titled “Essential Oils Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global essential oils market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
Essential oils represent aromatic liquids that are generally obtained from the fruits, seeds, roots, stems, leaves, wood, barks, and flowers of a single plant species by using the expression, steam distillation, and carbon dioxide extraction. They have characteristic fragrances and are widely utilized in the manufacturing of soaps, perfumes, shampoos, cleaning gels, etc. Essential oils also exhibit several therapeutic properties. Consequently, they are commonly used in medications for aromatherapy or as carriers for drug delivery. In line with this, essential oils find extensive applications to improve the sensory properties of agricultural items, including animal feeds and food commodities
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The growing number of individuals who are diagnosed with respiratory, dermatological, and dental disorders is primarily driving the essential oils market. Additionally, the widespread adoption of these liquids in various forms, such as decongestants, expectorants, carminative and antibacterial agents, etc., to treat bronchitis and cough is further catalyzing the market growth. Besides this, the inflating popularity of essential oils as natural additives in the conservation and preservation of food products, such as confections, candies, meat, pickles, soft drinks, etc., is acting as another significant growth-inducing factor. Moreover, they include the synthesis of repellents and edible film coatings and as odorants in detergents and paints, which is positively influencing the global market. Apart from this, the rising utilization of essential oils for promoting the safety and quality of seafood, cereal-based items, minimally processed fruit and vegetables, etc., is also propelling the market growth. Furthermore, the introduction of active packaging systems to protect food products from microbial contamination and the escalating demand for extended shelf-life and minimal addition of preservatives are anticipated to fuel the essential oils market over the forecasted period.
The report has segmented the market into the following categories:
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The report covers the major market players including:
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