(Health-NewsWire.Net, August 06, 2018 ) Woodridge, USA August 2018(News) - U.S., China and India are the major producers, consumer and exporter of essential oil in the world. Essential Oil Market in India will witness higher growth rate during the forecasting period 2017 to 2023. Essential oil market in U.S. is growing at CAGR of 6.08% backed by advancement in processing technology of essential oil by manufacturers. China and Indonesia are one of the fastest growing essential oil producing countries in the world. The top five emerging countries in essential oil are India, China, Indonesia, U.S. and Canada. The world demand for essential oil is growing rapidly especially in developing countries like India and China due to rising awareness about health benefits of essential oil and improving economic condition.
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Key Players: • Young Living (U.S.), • doTerra (U.S.), • Biolandes (France), • The Lebermuth Co., Inc.(U.S.), • Sydney Essential Oils (Australia), • Shiv Sales Corporation (India) • Shaanxi Guanjie Technology Co., Ltd (India).
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Key Findings: • The Global Essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92% • Globally, application of Essential oil in aromatherapy is growing at higher rate of 6.19% • Globally, corn mint and orange essential oil holds more than 57% of market share in the year 2017.
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Target Audience: • Essential oil Manufacturers • Food and beverage Industry • Agriculture Industry • Fragrance/ Aromatherapy industry • Cosmetics/personal care industry • Pharmaceutical Industry • Retailers and wholesalers • Traders, importers and exporters.
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