The global Volatile Oils Market size is expected to reach USD 22.9 Billion in 2030 and register a revenue CAGR of 9.3% over the forecast period, according to the latest report by Reports and Data. Rising demand for Volatile Oils in soaps, detergents, body wash, and others is driving Volatile Oils market revenue growth.

Rise in demand for essential oil in cosmetics & personal care, especially in the fragrance industry is driving growth of the market. Pleasant smells play a vital role in increasing the attractiveness of cosmetics. Volatile Oils are very crucial to the cosmetic industry as they not only impart pleasant fragrance but also act as an active agent to preserve various products and also provide various benefits to the skin. Growing consumer awareness regarding harmful effects of synthetic products coupled with rising demand for natural ingredients in beauty and wellness has led manufacturers to minimize the use of artificial ingredients and endorse natural fragrances, which is expected to drive growth of the market during the forecast period. Volatile Oils that are widely used in perfume for fragrance are lavender, rose, tea tree, eucalyptus, and other floral oils. While citronellol, limonene, and linalool Volatile Oils are widely used fragrances in different cosmetics.

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Companies profiled in the global market report include Cargill, Incorporated, DSM, doTERRA International LLC, Givaudan, Lebermuth, Inc., Symrise AG, Sensient Technologies Corporation, Firmenich SA, International Flavors & Fragrances Inc., and Rocky Mountain Oils, LLC.

Some Key Highlights From the Report

On April 2021, Givaudan completed acquisition of Myrissi, a France-based company, which uses patented technology to translate fragrances into color, patterns, and images. With this acquisition, Myrissi expertise in AI will support Givaudan with new visual and verbal storytelling approaches, which will help to build customer base.
Lavender oil segment revenue is expected to register a steady growth rate during the forecast period. Lavender oil is obtained from the plant Lavandula Angustifolia. It promotes relaxation and can help to treat anxiety, depression, insomnia, and menstrual cramps. It also has anti-inflammatory, antiseptic, and detoxifying properties. Antifungal properties of lavender oil help to reduce inflammation and treat itchy, scaly, and dry skin.
Food & beverage segment accounted for significantly revenue share in 2021 owing to growing focus of manufacturers on the shelf life of products without compromising taste and quality. In addition, shifting consumer preferences from synthetic products to natural ones for good quality food products are driving growth of the market. Volatile Oils such as cassia, lemon, fennel, and basil are widely used in the food & beverage industry due to their suitability.
Cold press extraction segment accounted for a significantly large revenue share in 2021 owing to being widely used in the production of citrus Volatile Oils such as orange, lime, and lemon.
Market in Europe accounted for largest revenue share in 2021 owing to significant investments in research for the development of advanced and innovative essential products. Furthermore, increasing application of Volatile Oils in various end-use industries such as homecare, aromatherapy, healthcare, and others is also expected to drive growth of the market during the forecast period.
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For the purpose of this report, Reports and Data has segmented Volatile Oils market based on type, method of extraction, application, and region:

Type Outlook (Revenue, USD Billion; 2019–2030)

Corn mint Oil
Citronella Oil
Spearmint Oil
Geranium Oil
Clove Oil
Eucalyptus Oil
Orange Oil
Lemon Oil
Lime Oil
Peppermint Oil
Jasmine Oil
Tea Tree Oil
Rosemary Oil
Lavender Oil
Others
Method of Extraction Outlook (Revenue, USD Billion; 2019–2030)

Distillation
Carbon dioxide Extraction
Cold Press Extraction
Solvent Extraction
Others
Application Outlook (Revenue, USD Billion; 2019–2030)

Food & Beverages
Cosmetics & Personal Care
Aromatherapy
Homecare
Healthcare
Others
Regional Outlook (Revenue, USD Billion; 2019–2030)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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