Market Outlook

Essential oil blends are a mixture of different essential oils altogether to develop a new fragrance and flavor. Essential oils blends are mainly focused on developing an innovative fragrance than flavor and its therapeutic purpose. The manufacturers of essential oils are focusing on the expansion of the product portfolio and facilities. These companies and manufacturers are actively involved in developing essential oil blends with a variety of fruits, flowers, spices and others. This is also encouraging the manufacturers of food and beverages, cosmetics and pharmaceuticals to use essential oil blends to enhance their product quality. There is an increase in consumer adoption towards alternative medical treatments which uses natural and organic ingredients such as aromatherapy. Aromatherapy is an alternative to conventional pharmaceutical drugs which use essential oils and its blends for treatment and so is expected to drive the market of essential oil blends market. Globally the rise in demand for various fragrance products such as room fresheners, sprayers, perfumes and others are expected to boost the market of essential oil blends over the forecast period.

Trend in Use of Fragrance Products is Expected to Boost Essential Oil Blends Market

Development of new products especially in cosmetics, skin care, personal care, perfumes, sprayers and others is driving the market for essential oil blends globally. The companies are expanding their product portfolio by offering products in various fragrances such as jasmine, rose, apple, sweet orange, vanilla, cinnamon, sandal and blends of many other fragrance. With the growing interest of consumers in organic ingredients for health wellness is expected to grow the market of essential oil blends. Therefore the manufacturers worldwide are focused to formulate new products with blending profiles. Oil blends are widely being used to enhance moods, relaxation, treat insomnia, pain relief and others. A trend for customizing desired flavors and fragrances is increasing in society for decorative purpose, improving ambiance, gifting and others. Increasing popularity in practice of aromatherapy which uses essential oil and its blends and other fragrance products for treating skin rashes, burns, acne, headache, joint pains and others. The increase in demand for aromatherapy and its products for personal uses is expected to grow the market over the forecast period.

Essential Oil Blends Market Segmentation

On the basis of nature, the essential oil blends market has been segmented as-

  • Organic
  • Conventional

On the basis of source, the essential oil blends market has been segmented as-

  • Fruits
  • Flowers
  • Spices
  • Others (Fruit/ vegetable Peels, seeds, woods, stem, leaves, etc.)

On the basis of end user, the essential oil blends market has been segmented as –

  • Food and Beverages
  • Fragrance Industry
  • Cosmetics

On the basis of application, the essential oil blends market has been segmented as –

  • Aroma Therapy
  • Air Freshener/ Room Sprayers
  • Scented Sachets
  • Scented Candles
  • Others (therapeutics use, perfumes etc.)

On the basis of distribution channel, the essential oil blends market has been segmented as-

  • B2B
  • B2C
  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores

Essential Oil Blends Market: Key Players

The key market players operating in essential oil blends market are Now Health Group Inc., Vigon International Inc., Global Essence Inc., Health & Beauty natural Oils Co. Inc., Goddess of spring LLC., Essential Care Organics Ltd., The Essential Oil Company, Frontier Natural Products Co Op., Heritage Brands Pty Ltd. With increase in use of oils for various purpose and rise in demand of scented products, a lot of regional players are expected to enter the market over the forecast period.

Essential Oil Blends Market Opportunities

There is an increase in the use of essential oils for various purpose in homemade products and commercially available products. People are looking for various recipes and instruments available for essential oil blending for personal or home use. The manufacturers are expected to come up with new and varied fragrances in the essential oil blends market. The manufacturers of cosmetics, skin care, personal care products and others are expected to increase the use of essential oil blends and expand their product portfolio with clean labels. The developing practice of aromatherapy at home is trending and is expected to increase the market for essential oil blends. Increase in trend for DIY methods and recipes for oil blending to develop various personal care products, household products, fresheners and other decoration items are rising the use of essential oil blends. The manufacturers are expected to develop their R&D capabilities to cater the growing demand for essential oil blend for a variety of uses and applications. They are also expected to focus on the extraction or distillation techniques for the development of new organic active ingredients.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Essential Oil Blends Market

Pre Book