Essential Oils Market Size to Worth Around US$ 34.6 Bn by 2030 – QNT Press Release

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London, June 08, 2022 (GLOBE NEWSWIRE) — The global essential oils market valued at around US$ 19.7 billion in 2021. Essential oils are in high demand in the global market due to their increasing use in pharmaceuticals. Essential oils are in high demand in the healthcare and pharmaceutical industries because of the increased occurrence of certain disorders. Aromatherapy , often known as essential oils, is a therapeutic and cosmetic treatment involving the use of essential oils. Essential oils can improve mental, physical, and emotional well-being. Growing research and development efforts are another factor propelling the global essential oil market forward.

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The key market players continue to spend in such operations in order to introduce new goods into the global market. In addition, the government is aiding market participants in developing ecologically friendly products. Thus, this factor is contributing towards the growth of global essential oils market .

Report Highlights

  • On the basis of productorange oil segment holds the largest market share in the global essential oils market. The orange oil’s high vitamin C concentration combined with its antioxidant properties, helps to reduce dark spots and wrinkles, which is one of the main reasons for its popularity in the personal care business.
  • On the basis of applicationspa and relaxation segment holds the largest market share in the global essential oils market. This is due to an increase in the number of people attending spas for aromatherapy and massage to revive themselves emotionally, physically, spiritually, and cognitively.
  • On the basis of sales channeldirect selling segment holds the largest market share in the global essential oils market. People’s growing awareness of essential oils has resulted in an increase in retail stores particularly through convenience stores.

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Regional Snapshot

Europe is the largest segment for essential oils market in terms of region. The UK is dominating the essential oils market in the Europe region. The presence of enterprises in the region is driving the growth of the essential oils market in Europe. Furthermore, increased awareness of the benefits of essential oils is propelling the European essential oils market forward. Furthermore, the growing population in Europe is contributing to the expansion of the essential oils market.

Asia-Pacific region is the fastest growing region in the essential oils market. India, China, and Japan hold the highest market share in the Asia-Pacific essential oils market. The Asia-Pacific region’s essential oils market is growing due to a large supply of raw materials and low labor costs. Furthermore, the growing demand for essential oils in the region is being aided by a huge number of consumers.

Scope of the Report

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