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Natural Fragrance Market to See Strong Expansion Through 2026 Covid-19 Analysis – KSU
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Aroma Ingredients Market to Incur Rapid Extension during 2019-2026
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Amid the COVID-19 crisis, the global market for Clean Label Ingredients estimated at US$37.8 Billion in the year 2020, is projected to reach a revised size of US$54.1 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027.
Dry, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$37 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid segment is readjusted to a revised 4% CAGR for the next 7-year period.
Growth Strategies Adopted by Major Players in Essential Oils Market
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According to the new market research report
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 , published by MarketsandMarkets™, 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 a growth in awareness toward preventive healthcare, improvements in the standard of living and rise in double income households, along with increase in d
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