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Global Essential Oil Market 2019-2023 | Evolving Opportunities with NOW Foods and Frontier Co-op. | Technavio

November 27, 2019
Global Essential Oil Market 2019-2023 | Evolving Opportunities with NOW Foods and Frontier Co-op. | Technavio
Global Essential Oil Market 2019-2023 | Evolving Opportunities with NOW Foods and Frontier Co-op. | Technavio

LONDON--(BUSINESS WIRE)--Nov 27, 2019--

Technavio has been monitoring the global essential oil market and the market is poised to grow by USD 3.9 billion during 2019-2023 at a CAGR of over 8% during the forecast period. Request Free Sample Pages

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Technavio has announced its latest market research report titled global essential oil market 2019-2023. (Graphic: Business Wire)

Read the 110-page research report with TOC on “Essential Oil Market Analysis Report by Application (Food and beverages, Recreation, and Others), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023”.

The market is driven by the expanding applications of essential oil across various industries. In addition, the increase in new product launches is anticipated to further boost the growth of the essential oil market.

Essential oil is extensively being used in the healthcare and food and beverages industries. It is used as a key ingredient in cosmetic products as well as in cherry cola. It is an excellent skin remedy for sores, small wounds, and irritations as it has anti-inflammatory properties. In addition, essential oils such as coriander essential oil, geranium essential oil, hinoki essential oil, and lavender essential oil are used in massage therapies. Thus, the expanding applications of essential oils across various industries are expected to drive market growth during the forecast period.

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Major Five Essential Oil Market Companies:

Aromaaz International

Aromaaz International is headquartered in India and offers various types of oils such as natural flower oils, floral absolute oils, spice oils, essential oils, carrier oils, base oils, and certified organic oils. The company also offers essential oils such as armoise essential oil and arachis essential oil.

Bath & Body Works Direct, Inc.

Bath & Body Works Direct, Inc. is headquartered in the US and offers products through the following business units: Body care, Hand soaps, and Home fragrance. The company offers eucalyptus essential oil and lavender essential oil.

Frontier Co-op.

Frontier Co-op. is headquartered in the US and operates under various business segments, namely Spices and seasonings, Herbs and teas, and Others. The company offers essential oils such as lavender, lemon, eucalyptus, frankincense, various essential oil blends.

NOW Foods

NOW Foods is headquartered in the US and offers products through the following business segments: Supplements, Beauty and health, Essential oils, Sports nutrition, Natural foods, and Pet health. The company offers different essential oils such as hyssop, marjoram, frankincense, rosemary, and eucalyptus.

Young Living Essential Oils

Young Living Essential Oils is headquartered in the US and offers products through the following business segments: Essential oils and blends, Home, Wellness, Beauty, and Balance. The company offers essential oils such as cinnamon bark, clove, blue tansy, carrot seed, cedarwood, and basil.

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Essential Oil Application Outlook (Revenue, USD Million, 2019 - 2023)

Essential Oil Regional Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Consumer Staplesare:

Coriander Oil Market – Global Coriander Oil Market by application (food and beverage, medical, and others) and geography (APAC, Europe, MEA, North America, and South America).

Flaxseed Oil Market – Global Flaxseed Oil Market by product (organic and inorganic) and geography (the Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191127005107/en/

CONTACT: Technavio Research

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SOURCE: Technavio Research

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PUB: 11/27/2019 03:30 AM/DISC: 11/27/2019 03:30 AM

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