The "Essential Oils Market - By Sales Channel, By Product, and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The global essential oils market is slated record the CAGR of nearly 8.9% over the period from 2020 to 2026
The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Market Growth Dynamics
Essential oils are mainly utilized in food & cosmetic sectors and this may help the market gain traction over the coming years. These products find a spectrum of applications as natural substitutes to synthetic formulations for preventing & treating contagious ailments. Apparently, essential oils can treat nervous disorders, respiratory tract diseases, digestive system ailments, gynecological problems, heart disorders, andrological diseases, skin infections, and problems pertaining to endocrine. Reportedly, few of these essential oils have exhibited anticancer activities. It possess anti-fungal as well as anti-viral properties and have good effect on Staphylococcus aureus that re resistant to methicillin.
According to NCBI, essential oils derived from lavandula stoechas L. demonstrates effective antimicrobial features against bacteria, yeasts, and filamentous fungi. For the record, in vitro studies have unleashed anti-bacterial impact of essential oils. NIH researchers performed in vitro, in vivo, and clinical experiments on essential oils and found them to be effective against Alzheimer disease, dementia, neurological disorders, depression, epilepsy, and anxiety. In addition to this, essential oils have anti-aging and neuroprotective potential, thereby further driving the market trends.
It has been found that the products are effective against various pathological targets and have enhanced cognitive performance in humans as well as animal models. Apparently, Essential oils are likely to be developed as multi-potent medicines against neural ailments and can prove as safe and cost-effective drugs. Studies have revealed the products to be beneficial during oral therapy in dentistry and can enhance the quality of dental treatment. Nonetheless, the preparation of these essential oils can cause intoxication and neurotoxicity in humans as well as can impact the skin, thereby hindering the market growth.
Asia Pacific Market To Witness Fastest Growth Over Forecast Timeline
The growth of the market in the sub-continent over 2020-2026 is owing to rise in the incidence of dental problems and neurological disorders in the countries like India and China. In addition to this, rise in the demand for natural items will further embellish the market growth in the region over the coming years. Apart from this, humungous use of these products for improving flavor and fragrance of food & personal care and cosmetic items will boost the market progression in the Asia Pacific zone over the forthcoming years.
Key players driving the market growth are NOW Foods, Ungerer and Company, Inc., Young Living Essential Oils, Flavex Naturextrakte GmbH, DoTerra, The Lebermuth Company, Essential Oils of New Zealand, India Essential Oils, and West India Spices Inc.
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