Essential
oils are the raw materials derived from botanic sources that are used
in the flavor and fragrance industries. The essential oils and
oleoresins includes wide range of products that are used primarily as
flavors and fragrances, However, essential oils are used as
medicines and food supplements to promote good health and also as a
feedstock to the chemicals industry.
Essential
Oils and Oleoresins Market Segmentation
Essential
oils and oleoresins market are broadly segmented on the basis of
product type, application and countries. On the basis of product type
essential oils is sub segmented into lavendar, peppermint, bergamot,
sandalwood, rosemary, tea tree, chamomile and ylang ylang .Among all
the mentioned segments, lavendar segment is anticipated to contribute
the maximum market share during the forecast period followed by
other segments. Based on the oleoresins type, essential oils and
oleoresin market is sub segmented into turmeric, vanilla, herbs,
chilies, cinnamon, clove, ginger, pepper, ginger and garlic. Among
all the sub-segments of the essential oils and oleoresins market
chilies are expected to be the most dominating market sub-segment in
terms of market share over the forecast period. After chilies
sub-segment pepper is the leading segment in terms of market share
followed by other segments. Essential oils and oleoresins market is
segmented on the basis of application into beverages, confectionary,
savory and nutraceuticals. Of which beverage segment is the leading
segment and expected to contribute highest revenue in the coming four
to five years. Essential oils and oleoresins market is segmented on
the basis of countries as India, Greater China, ASEAN, Australia and
New Zealand and rest of the Asia Pacific. Among all countries India
is the dominating country in the essential oils and oleoresins
market, followed by the China owing to the presence of more affluent
class population in comparison to other countries
Essential
Oils and Oleoresins Market: Region-wise Outlook
The
Asia Pacific essential oils and oleoresins market is expected to
witness robust growth in the coming years owing the rising preference
of consumers in Asia Pacific region for natural ingredients such as
pepper and chilies. Among all the countries in Asia Pacific region,
India is expected to contribute highest market share, followed by
China during the forecast period. Increasing health concern of
consumers in developing countries such as India and China is expected
to fuel the growth of the Asia Pacific essential oils and oleoresins
market. However New Zealand is anticipated to witness consistent
growth in the coming four to five years owing to the rising number of
health conscious consumers in various countries.
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Essential
Oils and Oleoresins Market: Drivers
Essential
oils and oleoresins market is expected to show healthy CAGR in the
next four to five years. Major drivers that promotes the growth of
essential oils and oleoresins market are increasing health conscious
consumers coupled with rising consumer preferences for natural
ingredients in the food. Major restraining factor that is expected to
hamper the growth of essential oils and oleoresins market in the
forthcoming years is the rising prices of the high quality products.
Essential
Oils and Oleoresins Market: Key Players
Key
players operating in essential oils and oleoresins market are Natures
S.A, Indena S.P.A, Frutarom Industries Inc, Alchem International
Ltd, Kancor Ingredients Ltd., Symrise A.G, Chr. Hansen A/S, Biomax
Life Sciences Limited. Companies operating in essential oils and
oleoresins market invest huge resources in order to develop the new
products with functional attributes in order to penetrate the new
market. In addition to this company follow various pricing strategy
in order to further increase its market presence.
The
report is a compilation of first-hand information, qualitative and
quantitative assessment by industry analysts, and inputs from
industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends,
macro-economic indicators, and governing factors, along with market
attractiveness as per segments. The report also maps the qualitative
impact of various market factors on market segments and geographies.
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