Research report published by Proficient Market Research “Organic Essential Oils Market, By Type (Single Oils and Proprietary Blends); By Sales Channel (Hypermarket and Supermarket, Online, Specialty Stores and Others) Market – Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028”, states that the global organic essential oils is expected to grow at a CAGR of 11.2% during the forecast period from 2021 to 2028.
Increasing usage of organic essential oils due to their pure untreated form and as it provides increased health benefits such as treatment of stress and anxiety and also provide a soothing effect when inhaled or used. Migraine and headache can also be relieved with the use of organic essential oil as peppermint relieves headache due to its affect on the area, reduces inflammation, insomnia and sleep.
As the oils are used during the preparation of food and beverages also for enhancing the flavors, its demand in food industry is also expected to grow during the forecast period. Furthermore, organic essential oils are used in the formation of many medicinal products due to their positive affect on the consumer’s body.
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Organic essential oils are available in various kinds and among them, the single oils segment held the highest share as compared to proprietary blends being more effective than the latter. The single oil may consist of a property the consumer requires but if the consumer purchases the blends, there can be preservatives and harmful chemicals added to it which may directly affect the consumer.
Consumers can purchase organic essential oils through various channels, however among all the sales channel the supermarket and hypermarket held a higher share due to easy availability of all the essentials in a single place, large variety to choose from, various promotional activates are conducted which attract customers to the product at a faster rate and increased visitations on a daily basis.
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Some of the prime key players of the market include doTERRA International, LLC, Young Living Singapore Pte Ltd, REVIVE Essential Oils LLC., Eden Botanicals, NHR Organic Oils, ORGANIC INFUSIONS, INC., Plant Therapy Essential Oils, Vitruvi Corporation., Rocky Mountain Oils, LLC and Public Goods.
Trends and Future Outlook:
In April 2021, According to a report by d?TERRA International, LLC the organic essential oils are safe even with pets in the home as they have profound healing effects. As this has been a debate for ample time the company has stated officiallly and cleared the doubts for people owning the pets.
According to a report published in the year 2019, the organic essential oils have certain phytotherapeutic properties due to which they are used as active ingredients in the development of new medicinal products.
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Based on type, the organic essential oils market is segmented into the following:
Single Oils segment led the overall organic essential oils market
In 2020, the single oils segment led the overall organic essential oils market due to their increased benefits on the end user, single oils are specific to a single plant it is extracted from and is not blended with other oils due to which it is highly efficient and provides more benefits, as compared to blended oils mix and form a new complex and provide a completely different effect on the end user.
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Based on sales channel, the organic essential oils market is segmented into following:
Hypermarket and Supermarket
Hypermarket and Supermarket segment led the overall organic essential oils market in terms of market value
In 2020, the hypermarket and supermarket segment led the overall organic essential oils market in terms of market value. Due to increasing number of sales, sorted product sections which make it easy for a customer to decide from a wide range, availability of all products at one place increases the probability of purchasing the product, thereby growing the sales of the product.
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North America held the largest share in the organic essential oils market
In 2020, North America held the largest share in the organic essential oils market owing to the presence of well-established companies that manufacture organic products, rising awareness among individuals regarding organic essential oils, regulations of the government to promote organic products as they are cruelty free and sustain the environment and also increasing investment towards new innovative products is also expected to drive the growth of essentials oils in North American region.
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