LONDON--(BUSINESS WIRE)--Technavio has been monitoring the essential oil market, and it is poised to grow by USD 3.90 billion during 2019-2023, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aromaaz International, Bath & Body Works Direct, Inc., Frontier Co-op., NOW Foods, and Young Living Essential Oils are some of the major market participants. The various use of essential oil will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Various use of essential oil has been instrumental in driving the growth of the market.
Essential Oil Market 2019-2023: Segmentation
Essential Oil Market is segmented as below:
-
Application
- Food And Beverages
- Recreation
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Essential Oil Market 2019-2023: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our essential oil market report covers the following areas:
- Essential Oil Market size
- Essential Oil Market trends
- Essential Oil Market industry analysis
This study identifies an increase in new product launches as one of the prime reasons driving the essential oil market growth during the next few years.
Essential Oil Market 2019-2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the essential oil market, including some of the vendors such as Aromaaz International, Bath & Body Works Direct, Inc., Frontier Co-op., NOW Foods, and Young Living Essential Oils. Backed with competitive intelligence and benchmarking, our research reports on the essential oil market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Essential Oil Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist essential oil market growth during the next five years
- Estimation of the essential oil market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the essential oil market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of essential oil market vendors
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Food and beverages - Market size and forecast 2018-2023
- Recreation - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Increase in new product launches
- Rising demand for aromatherapy
- Clean labeling of essential oils
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Aromaaz International
- Bath & Body Works Direct, Inc.
- Frontier Co-op.
- NOW Foods
- Young Living Essential Oils
PART 13: APPENDIX
- Research methodology
- List of abbreviations
PART 14: EXPLORE TECHNAVIO
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