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Essential Oils grab the global market


According to «Essential oils Market» recent release, it is expected that the market of essential oils will account for 11.9 Billion USD by 2022. The market is driven by economic factors such as rising double income households and increasing disposable incomes among consumers. Moreover, growing research & development activities and increased demand from food & beverage and cosmetic applications are also driving the market

In fact, the fastest growing part of essential oils segment, according to this study, is their use for aromatherapy.  They have potent antioxidant and anti-microbial properties and can be used to treat depression and stress-related diseases. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, result in an increase in demand for aromatherapy.

A rising demand for essential oils is also reported in the area of Asia-Pacific like China, Japan, India, New Zealand and also Australia. Those markets show a preference to natural essential oils such as peppermint and spearmint.  These and other applications of essential oils will be showcased in MAP Expo 2018 that will take place in Eindhoven next October.

 

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