SAN FRANCISCO, October 8, 2015 /PRNewswire/ --
The global essential oil market is expected to reach USD 11.67 billion by 2022, according to a new report by Grand View Research, Inc. Growing consumer awareness regarding heath benefits associated with natural and organic personal care products is expected to remain a key driving factor for global essential oil market over the forecast period. Growth of organic product industry has prompted major manufacturers to shift their focus from synthetic to natural additives. Growing use of essential oil in the preparation of natural flavors and fragrances on account of their increasing demand across key end-use industries is also expected to fuel the market growth.
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Browse full research report with TOC on "Essential Oil Market Analysis By Product (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clove Leaf, Lime, Spearmint), By Application (Medical, Food & Beverage, Spa & Relaxation, Cleaning & Home) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/essential-oils-market
These fragrances provide stimulation in aromatherapy, massages, and other relaxation techniques. In addition, numerous health benefits associated with essential oils are anticipated to drive the product demand in medical and pharmaceutical applications. The product also has no detrimental side effects unlike most conventional drugs and medicines which has helped in penetrating the market further. Limited availability of key raw material and lack of awareness regarding benefits of essential oil particularly in under developed regions is expected to remain a key challenge for market participants.
Further key findings from the report suggest:
Grand View Research has segmented the global essential oil market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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