Essential Oils Market

Givaudan SA (Switzerland) and Koninklijke DSM N.V. (Netherlands) are the Key Players in the Essential Oils Market

The global essential oils market size is estimated to be valued USD 10.3 billion in 2021 and is expected to reach a value of USD 16.0 billion by 2026, growing at a CAGR of 9.3% in terms of value during the forecast period. In terms of volume, the essential oils market is estimated to account for 253.2 KT in 2021 and is expected to reach at 345.4 KT by 2026, growing at a CAGR of 6.4% during the forecast period. Factors such as an growth in R&D activities for improving & extending the essential oils shelf life used in various food & beverage applications, coupled with the rise in usage of essential oils in aromatherapy applications are some of the factors driving to the growth of the essential oils market.

Key players in this market include Cargill, Inc. (US), DuPont (US), Koninklijke DSM N.V. (Netherlands), dôTERRA International LLC (US), Givaudan SA (Switzerland), Firmenich SA (Switzerland), Young Living Essential Oils (US), Sensient Technologies Corporation (US), The Lebermuth Company, Inc. (US), International Flavors & Fragrances Inc. (US), Symrise (Germany), MANE (France), ROBERTET SA (France), Rocky Mountain Oils LLC (US), BIOLANDES SAS (France), Essential Oils of New Zealand (New Zealand), Falcon (India), Farotti (Italy), India Essential Oils (India), and Ungerer Limited (UK).  

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New product launches, expansions, investments, acquisitions, and collaborations were  the key strategies adopted by the leading players in the essential oils market with a view to improve their product line and presence in the market.    

Givaudan SA (Switzerland) operates its business through two major segments, namely, flavor and fragrance. It offers beverages, savory snacks, sweet goods, dairy, and the fragrance is for personal, home and laundry care brands and prestige perfumes under its flavor segment. The company offers essential oils under the fragrance segment; the company manufactures perfumes with specialized natural ingredients, which include different natural sources such as patchouli, tonka beans, benzoin, lavender, and sandalwood.

The company has a strong global presence at more than 95 locations worldwide with more than 35 production sites. It operates its business through different subsidiaries, some of which include Givaudan Fragrances Ltd. (Shanghai), Givaudan Ltd (Thailand), Givaudan Flavors Ltd (China), and Givaudan Flavors Pvt Ltd (India). The key competitors of the company include Cargill (US), DuPont (US), and Koninklijke DSM N.V. (Netherlands).

Koninklijke DSM N.V. (Netherlands), also known as Royal DSM, is a global science-based company engaged in health, nutrition, and materials business. The company operates through different segments, namely, nutrition, materials, innovation center, and corporate activities. Its nutrition segment includes DSM Nutritional Products and DSM Food Specialties. The nutrition & food ingredients segment of the company caters to different end-use application industries, such as food, feed, and pharmaceuticals. The company offers eubiotics under the animal nutrition & health segment.

The company has operations in different regions such as Asia, Australia, Africa, the Netherlands, Switzerland, the Americas, and Europe. The subsidiaries of the company include DSM Services Inc. (US), DSM Holding Company Inc. (US), DSM Limited (China), and DSM Food Specialties (US). The key competitors of the company are Cargill (US) and DuPont (US).

Related Reports:

Essential oils Market by Type (Orange, Lemon, Lime, Peppermint, Citronella, and Others), Application (Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Home Care, Health Care), Method of Extraction, and Region – Global Forecast to 2026

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Report Code
FB 5385
RI Published ON
3/30/2021
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