India Essential Oil Market Overview:
According to the latest report by IMARC Group, titled “Indian Essential Oil Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the India essential oil market is expected to exhibit a CAGR of 7.60% during 2022-2027. Essential oil refers to a liquid extract that is generally obtained from various plants utilized for relieving headaches and promoting relaxation. It is prepared by pressing or steaming various parts of the plant, such as fruits, barks, leaves or flowers, in order to obtain compounds that produce fragrance. It is widely available in India in multiple variants that differ on the basis of scents and quality, generally ranging from pure to diluted essential oils.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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India Essential Oil Market Trends:
The market in India is primarily driven by the increasing product demand for medical applications. Moreover, the growing popularity of aromatherapy among the masses due to the stressful lifestyle led by working professionals is creating a positive market outlook. Additionally, the escalating utilization of essential oils in the formulation of cosmetics and personal care products is providing a boost to the market. Along with this, several leading players are heavily investing in the launching of essential oil-infused sanitizers on account of the rapid outbreak of coronavirus disease (COVID-19), which is gaining widespread prominence among individuals across the country.
Apart from this, continuous improvements in the e-commerce infrastructure and the advent of home delivery models are considered to be major growth-inducing factors. Other factors, including the rising adoption of aroma diffusers and pots, the augmenting product utilization in the food and beverage sector, and the implementation of aggressive marketing strategies and innovative packaging solutions, are also favorably influencing the market growth across India.
India Essential Oil Market 2022-2027 Analysis and Segmentation:
Breakup by Product:
- Cedarwood Oil
- Eucalyptus Oil
- Lavender Oil
- Lemongrass Oil
- Rosemary Oil
- Tea Tree Oil
- Ylang Ylang Oil
Market by Application:
Food and Beverages
- Bakery and Confectionery
- Meat, Poultry and Seafood
Spa and Relaxation
- Personal Care
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaner
By Sales Channel:
- Offline Stores
- Online Stores
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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