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Essential Oils Market Analysis
- Report ID: GMI2391
- Published Date: Mar 2023
- Report Format: PDF
Essential Oils Market Analysis
The essential oils market size from the lemon oil segment is anticipated to be worth USD 4 billion by 2032, owing to its emergence as a versatile aromatherapy botanical. Lemon oil is known to provide a range of benefits such as skin-soothing properties and mood-boosting scent. Moreover, studies have revealed its effectiveness in warding off harmful bacteria including Staphylococcus aureus. In addition, its robust application scope in foods & beverages and pharmaceuticals for flavoring will further proliferate lemon oil demand.
Essential Oils Market Share
The foods and beverages application segment is predicted to register more than 11% CAGR through 2032. The adoption of essential oils as a natural preservative in the nourishment industry to guard food against harmful microorganisms is one of the major growth drivers. These oils are also employed in nutriment drinks due to their aromatic properties and taste. Moreover, its ability to exhibit antimicrobial activity is likely to amplify product usage in foods to prolong the shelf life, contributing to industry growth.
The Europe essential oils market size is projected to reach over USD 9 billion by 2032, given the growth trajectory of the cosmeceutical sector. Considering the ability to regulate dermatological diseases, the product continues to gain traction as a reliable cosmetic oil. In countries including Germany and France, the demand for cosmetics and personal care products is witnessing an upsurge. Furthermore, the rising health awareness among consumers will boost organic essential oil usage in aromatherapy and other treatments across the region.
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Essential Oils Market Scope
