We can expect to see sales of essential oil products rise, according to a new study by Fact.MR.
Fueling growth is the thriving health and wellness market, and the consumer's positive perceptions of aromatherapy, the report says. It states, "The shifting consumer focus is driving the demand for health and wellness products, and this trend is likely to provide an impetus to the growth of essential oil market in the future."
New applications for essential oils in the bath, household, and personal care market will also contribute to market growth. Many companies are focusing on product development by rapidly creating new aromatherapy formulations with essential oils, analysts say.
Photo: Now Foods essential oils are one popular brand.
Aromatherapy & Cosmetics
Cosmetics brands are increasingly using essential oils in their products. Innovations and new formulations in the cosmetics industry is triggered by consumers willing to pay more for natural products. Aromatherapy moisturizes, body creams and perfumes are rapidly gaining popularity in the market
Aromatherapy & Health
Aromatherapy organizations across the world are working on the advancement of aromatherapy by using various essential oils and also educating aromatherapists and healthcare professionals for using essential oils to treat various conditions.
The use of aromatherapy has also increased to relieve symptoms caused by chronic illness including circulation problem, pain, stress, fatigue, upset stomach, nausea, and other symptoms.
Ginger oil, pine oil, oregano oil, wintergreen oil are some of the essential oils used on a large scale in alternative therapies.
The demand for citrus essential oil is likely to grow significantly in multiple industries including food and beverages, healthcare, and cosmetics. According to the latest report by Fact.MR, citrus essential oil sales reached more than 80 thousand tons in 2018.
Manufacturing citrus essential oil using grapefruit is likely to gain momentum in the coming years owing to the benefits such as improved immunity, weight loss. Grapefruit in manufacturing citrus essential oil is also expected to grow 2x faster in 2019 compared to other counterparts.
Browse the report here.