The global essential oils market size is expected to reach USD 14.6 billion by the end of 2026. As per the
report, the market stood at USD 7.03 billion in 2018 and is projected to exhibit a stellar CAGR
of 9.65% during the forecast period of 2019-2026. This vital information is stated by Fortune Business
Insights™, in its report, titled, “Essential Oils Market, 2019-2026.” The global food and beverage
industry is experiencing steady, yet significant evolution regarding ingredient formulations. The growing
inclination of consumers towards organic and naturally grown products has categorized essential oils as an
essential component of choice in food processing. This is likely to mark a significant contribution towards the
growth of the market.
Inhalation of Essential Oils Likely to be Beneficial to Stall COVID-19 Virus
Since the COVID-19 virus outbreak, the disease has reached every country around the globe, which is why
the World Health Organization declared it as a public health emergency. The global impacts of the
coronavirus disease were observed by every industry and public too and significantly affected the essential
oil market positively. According to the International Journal of Pharmaceutical Science and Research,
inhalation of certain essential oils can be beneficial and an adjuvant therapeutic strategy to stall COVID-19.
This study is likely to boost the demand and growth of the essential oils market.
Based on type, the global essential oils market is divided into citrus, eucalyptus, lavender, rosemary and tea
tree. The citrus based oil is expected to dominate in the market as the leading segment.
On the basis of application, the market is further categorized into food and beverage, personal care and
cosmetics and pharmaceuticals among others. Among these, the food and beverage sector is the top
application of such oils that act as natural antimicrobials. It held a share of about 46.1% in the year 2018.
We follow a comprehensive research methodology th