New Market Research Reports Title “Essential Oil Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database

New Market Research Reports Title “Essential Oil Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database

The global essential oil market is expected to reach USD 13.94 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness as well as willingness to buy organic and natural products is expected to force market participants to employ essential oils in the production process. The shift of focus from synthetic to natural products is likely to trigger market growth over the forecast period.

Increasing demand for flavors & fragrances from various applications including personal care, home care, food & beverages, aromatherapy, etc. has prompted the essential oils demand as these oils are used as key ingredients in fragrances and flavors. Numerous other advantageous product properties such as antiseptic, aphrodisiac, anti-inflammatory, antidepressant, antispasmodic, diuretic, and tonic are expected to boost essential oil demand in industrial, medicinal, and domestic applications.

The lower raw material conversion rate for essential oils production in addition to unique processes requiring massive capital investment is expected to pose challenges to market participants. Limited raw material availability as different crops are grown in the various countries only to obtain high-quality products is also anticipated to challenge the market growth.

Browse full research report on Global Essential Oil Market: http://www.grandviewresearch.com/industry-analysis/essential-oils-market

Further key findings from the report suggest:

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances

Grand View Research has segmented the global essential oil market on the basis of product, application and region:

Essential Oil Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

Essential Oil Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

Essential Oil Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-essential-oil-market

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Web: www.grandviewresearch.com

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Web: www.grandviewresearch.com