India Essential Oils Market By Type (Walk-In Units, Reach-In Units, Merchandisers, Display Cases, Undercounter Units, Back-Bar Coolers, Prep Tables) By End User (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery, Others) By Company, By Region, Forecast & Opportunities, FY2027

India essential oils market is expected to grow at a significant CAGR during the forecast period, FY2023-FY2027. Surge in demand for aromatherapy due to rise in consumer awareness regarding preventive healthcare is the major driver for the predicted period. Aromatherapy can be said as use of essential oils for cosmetic and healing purposes. Essential oils improve the psychological and physiological activity in the body which is the reason for high demand of essential oils. Rise in disposable income is aiding to raise the living standards of people and affordability of consumers to buy high quality products is expected to boost the demand for essential oils. Spa visits increased due to the rise in income to satisfy the consumer changing tastes and preferences and high adoption of sophisticated products. Essential oils find application in diverse industries comprising of home care, healthcare, aromatherapy, food & beverages, and cosmetics, among others. Essential oils aids in treatment for stress conditions, depression, immunity disorders and sleep disorders, among others which is further boosting the demand of essential oils in India. High demand for organic or natural products due to rise in awareness about the benefits of using natural products and increasing demand for high-quality products is expected to accelerate the growth of the essential oils market.

India essential oils market is segmented into product type, application, regional distribution, and company. Based on application, market can be further divided into medical, food & beverages, spa & relaxation, and cleaning & home. The spa & relaxation application segment is expected to register growth during the forecast period due to presence of disposable income and high beauty and hygiene standards. Adoption of sedentary lifestyle and changing living patterns of an individual require some stress relieving therapies which in return is expected to propel the growth of this segment.

The major players operating in the India essential oils market are Doterra India Private Limited, Biolandes Natural Extracts Private Limited, Falcon Essential Oil, Bangalore, BO International Private Limited, Young Living Essential Oils India Private Limited, Mother Herbs Private Limited (India Essential Oil), Anjali Essential Oils Private Limited, SS Essential Oils Private Limited (seller), Gangotri Essential Oils Pvt Ltd, The Wynaad Essential Oils( India) Private Limited, Essential Oil Association of India, BMV Fragrances Private Ltd, Indian AROMA Exports, Natures Natural India Pvt Ltd., Vinayak Ingredients (INDIA) Pvt Ltd, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023–FY2027

Objective of the Study:

• To analyze the historical growth of the market size of India essential oils market from FY2017 to FY2020.
• To estimate and forecast the market size of India essential oils market from FY2021 to FY2027 and growth rate until FY2027.
• To classify and forecast India essential oils market based on product type, application, regional distribution, and company.
• To identify dominant region or segment in the India essential oils market
• To identify drivers and challenges for India essential oils market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India essential oils market.
• To identify and analyze the profile of leading players operating in India essential oils market.
• To identify key sustainable strategies adopted by market players in India essential oils market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of India essential oils market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Essential oils manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to essential oils market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India essential oils market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Essential Oils Market, By Product Type:

• Orange
• Eucalyptus
• Peppermint
• Lemon
• Citronella
• Others
• India Essential Oils Market, By Application:
• Medical
• Food & Beverages
• SPA & Relaxation
• Cleaning & Home
• India Essential Oils Market, By Region:
• North
• South
• East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India essential oils market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).