The global essential oils market size is set to gain traction by reaching USD 18.25 billion by 2028 while exhibiting a CAGR of 9.57% in the forecast period. This information is given by Fortune Business Insights™ in its report, titled, “Essential oils Market, 2021-2028.” The report further observes that the market stood at USD 8.74 billion in 2020. The rising trend of green consumerism and natural inputs for food preservation and sensory-related aspects are expected to boost the product’s demand. Companies are further focusing on launching new products. For instance, in June 2019, Robertet, a natural ingredient producer, launched encapsulated powdered essential oil. This oil can be used as a carrier for prebiotic insulin and transporting petroleum oils into powder form for improved absorption. Thus this technology will allow the use of these oils in the nutraceutical industry.

Report Coverage-

The research report focuses on analyzing the essential oils by considering contributions, prospects, and growth trends. It presents detailed profiles of key players present in the market to determine their competencies in each segment. Besides, it ensures to help our clients better understand the competitive landscape, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.

List of Key Players Profiled in Report

Biolandes SAS (France)
Givaudan International SA (Vernier, Switzerland)
International Flavors and Fragrances Inc. (New York, United States)
Symrise AG (Holzminden, Germany)
Enio Bonchev Production Ltd. (Bulgaria)
The Lebermuth Company, Inc. (Indiana, United States)
Essential Oils of New Zealand (New Zealand)
Phoenix Aromas & Essential Oils LLC (United States)
Sydney Essential Oil Co. (Australia)
Young Living Essential Oils (Utah, United States)
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https://www.fortunebusinessins....ights.com/industry-r