Purposes of Essential Oils
Essential oils are widely utilized as flavoring and aromatic agents. Like in diverse end-use industries including medical, food & beverages, spa & relaxation, cleaning & home, etc. These oils provide immense nutritive value to food. And increase the overall appeal of products with just a few drops.
Over 34.6% of the overall volume share in 2015 is due to the Food & Beverage application segment.
Spa & Relaxation accounted for over 29% market share. Owing to rising popularity of aromatherapy and other procedures. Other applications such as medical, cleaning & home products where essential oils serve as aromatic compounds and nutritive substitutes for conventional medicines are also expected :
The global essential oil market size exceeded USD 6.0 billion in 2015. The aromatherapy and essential oils market gain mass popularity, leading to record-setting revenue for key participants. ($13.94 billion by 2024).
Demand for Natural Products:
The mega trend of health and wellness will continue to propagate. People are becoming aware and actively seeking natural options.
Direct Selling Dominates:
Aromatherapy and essential oils flourish in a direct selling environment. Consumers can experience and learn about the oils based on trusted relationships.