Organic Essential Oils Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 162 SKU: IRTNTR76381

Organic Essential Oils Market Forecast 2023-2027

The Organic Essential Oils Market size is projected to increase by USD 2.54 billion and the market size is estimated to grow at a CAGR of 7.51% between 2022 and 2027. Health benefits associated with organic essential oils are the key factor driving the growth of the market. Essential oils such as lavender, basil, tea tree, and lemongrass have a number of health benefits that are popular with consumers. Basil essential oil is a natural relaxing oil that helps to reduce stress. Basil essential oil contains chemical compounds such as eugenol, lemongrass, and linalool that help reduce skin inflammation. Lavender essential oil acts as a skin tonic. Lavender essential oil helps to control hair loss. Tea tree essential oil helps strengthen the immune system. Therefore, growing awareness among consumers about the health benefits which, in turn, will drive the growth of the market during the forecast period. 

Market Overview

The market shows an accelerating CAGR during the forecast period.

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Market Segmentation 

This market report extensively covers market segmentation by application (food and beverage, personal care and cosmetics, and pharmaceuticals), type (orange oil, mint oil, lemon oil, eucalyptus oil, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

Market Dynamics

The food & beverage industry, personal care & cosmetics industry, and aromatherapy industry share a common interest in harnessing the benefits of essential oils. These oils, known for their aroma imparting properties, are not only prized for their fragrance but also for their antifungal properties, making them valuable in various applications. In the food & beverage industry, essential oils are used to enhance flavors and aromas in products ranging from beverages to baked goods. Similarly, in the personal care & cosmetics industry, these oils are incorporated into skincare and beauty products for their aromatic and therapeutic properties.

Aromatherapy, a branch of complementary medicine, utilizes essential oils to promote physical and psychological well-being. Research studies continue to explore the potential health benefits of essential oils, leading to advancements in both conventional medicines and alternative therapies. Conferences and online seminar materials serve as platforms for knowledge exchange and collaboration within the essential oil industry. These events provide valuable insights into the latest research findings, applications, and trends, driving innovation and growth in this dynamic sector.

Trends

Rising demand for aromatherapy is the primary trend in the market. Aromatherapy is an alternative medical practice that involves the use of plant materials, such as essential oils. Aromatherapy helps to reduce anxiety, relieve depression, increase energy levels, speed up the healing process, eliminate headaches, enhance cognitive performance, induce sleep, strengthen the immune system, relieve pain, improve digestion, and increase circulation.

Additionally, growing awareness of their medicinal uses has made them popular in the home for relaxation, treating insomnia, improving mood, relieving pain, and more. Therefore, the growing popularity of aromatherapy among consumers will drive the growth of the market during the forecast period.

Challenge 

The increasing availability of counterfeit products is a challenge that affects the growth of the market. Essential oils are extracted from plants through distillation and show the characteristic scent and properties of the plant from which they are extracted. However, counterfeit products contain cheap seed oils and do not have the properties of essential oils. Some counterfeit products are mixed with synthetic products to create a plant scent.

Moreover, one of the most common adulterated essential oils is lavender essential oil. Occasionally lavender oil is sold under the name lavender oil. Lavandin oil is chemically dissimilar from lavender oil and is often used in perfumery. Such fake products will harm the brand image of leading essential oil brands. Therefore, the growing prevalence of counterfeit products will impede market growth and forecasting during the forecast period. 

Market Segmentation by Application

Orange oil is a widely used in the organic essential oil. The growing demand for natural products and components across the globe and the versatility that orange oil offers to be used for a variety of applications are some of the key factors that are increasing the demand for the orange oil segment. In addition, pure orange oil is used to prepare high-end healthcare products for aromatherapy as well as to flavor food. Growing demand for aromatic oils in the hospitality sector will drive the growth of the orange oil segment in the market during the forecast period.

 Market Segmentation by Type

In the market, the demand is driven by various industries including the food & beverage, personal care & cosmetics, and aromatherapy sectors. These oils, known for their antifungal, antibacterial, anti-inflammatory, and antiviral properties, cater to diverse end-use industries such as food, cosmetics, personal care, and pharmaceuticals. The industry relies on plants as sources, leveraging the aromatic compounds found in them. Pricing, patents, and research studies influence market dynamics, while consumer buying behavior shapes demand, particularly in the food and beverages, beauty and personal care, and aromatherapy segments. Key stakeholders contribute to the industry's growth through collaborations and innovations showcased in conferences and online seminar materials.

The market share growth by the food and beverages segment will be significant during the forecast period. The food and beverage segment is witnessing increased use of essential oils as consumers become increasingly health conscious and demand natural ingredients in food and beverages. Organic essential oils are used to add flavor and medicinal benefits to foods and beverages. 

The food and beverages segment was valued at USD 1.76 billion in 2017.

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Changing consumer preferences will negatively impact the market growth. For example, consumers, especially millennials, prefer ethnic and spicy flavors. At the same time, the number of newly launched products with spicy flavors is also increasing. The popularity of exotic spicy flavors like Korean gochujang, Philippine adobo, and  Piri Piri chilli is growing among consumers. These factors will have a positive impact on the growth of the market during the forecast period.

Key Regions for the Market 

Europe is estimated to contribute 38% to the growth of the global market during the forecast period

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Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. Europe is witnessing a high demand due to their many health benefits and applications across many sectors such as pharmaceuticals, cosmetics, food, and beverages. Germany, the UK, France, and Spain are among the main markets in Europe.

Furthermore, due to growing consumer awareness of natural home remedies, Europe is rapidly appearing as a significant market for aromatherapy products. The growing craze for aromatherapy and healthier lifestyles among consumers will increase the demand among cosmetic manufacturers and healthcare facilities in the region, thereby driving the growth of the regional market during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- BMV Fragrances Pvt. Ltd.: The company offers organic essential oils such as frankincense oil, black pepper oil, cardamom oil, clove bud oil, fennel seed oil, ginger oil and juniper berry oil.
  • Key Offering- Eden Botanicals: The company offers organic essential oils such as geranium oil, frankincense oil, lavender, jasmine, and organic clary sage essential oil.
  • Key Offering- Givaudan SA: The company offers organic essential oils which include patchouli, vetiver, ylang ylang, vanilla, sandalwood, tonka beans and benzoin.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Avi Naturals
  • FLAVEX Natural Extracts GmbH
  • International Flavors and Fragrances Inc.
  • Koninklijke DSM NV
  • Mane Kancor Ingredients Pvt. Ltd.
  • Moksha Lifestyle
  • NHR Organic Oils
  • Norex Flavours Pvt. Ltd.
  • Organic Infusions
  • Plant Therapy Inc.
  • Robertet SA
  • Symrise AG
  • Synthite Industries Pvt. Ltd.
  • Takasago International Corp.
  • Ultra International Ltd.
  • VedaOils
  • Vidya Herbs Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Food and beverage
    • Personal care and cosmetics
    • Pharmaceuticals
  • Type Outlook
    • Orange oil
    • Mint oil
    • Lemon oil
    • Eucalyptus oil
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth across various industries, including the food & beverage, personal care & cosmetics, and aromatherapy sectors. These oils are prized for their antifungal, antibacterial, and anti-inflammatory properties, driving innovation in green chemistry and sparking merger and acquisition (M&A) activity. However, this growth is accompanied by regulatory scrutiny and the challenge of finding suitable product substitutes. Essential oils like orange, peppermint, and davana are extracted using various methods such as distillation, CO2 extraction, and cold press extraction. They find applications in food, beverages, cosmetics, and aromatherapy, offering benefits like respiratory disinfection, stress relief, and antioxidant properties. With increasing consumer demand for natural products and transparency in ingredients, the market is poised for continued expansion, especially in developing countries where concerns over synthetic and substandard products are driving preference for natural alternatives.

Further, the market is witnessing robust growth, driven by demand from the personal care & cosmetics and aromatherapy industries. These oils, renowned for their antifungal and antibacterial properties, are derived from various sources like orange, peppermint, and rosemary through methods such as distillation and steam distillation. With rising consumer interest in natural products, organic essential oils are increasingly preferred for their natural preservative properties and suitability for oral and topical applications. They cater to diverse needs, from addressing skin problems like psoriasis and acne to offering decongestion and relaxation in spa treatments. As awareness grows about their benefits and origins, these oils continue to gain traction in the market, appealing to consumers seeking a healthier lifestyle and sustainable options.

Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.51%

Market growth 2023-2027

USD 2.54 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.31

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 38%

Key countries

US, Canada, Japan, Germany, and The Netherlands

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Avi Naturals, BMV Fragrances Pvt. Ltd., Eden Botanicals, FLAVEX Natural Extracts GmbH, Givaudan SA, International Flavors and Fragrances Inc., Koninklijke DSM NV, Mane Kancor Ingredients Pvt. Ltd., Moksha Lifestyle, NHR Organic Oils, Norex Flavours Pvt. Ltd., Organic Infusions, Plant Therapy Inc., Robertet SA, Symrise AG, Synthite Industries Pvt. Ltd., Takasago International Corp., Ultra International Ltd., VedaOils, and Vidya Herbs Pvt. Ltd.

Market dynamics

Parent market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of themarket size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global organic essential oils market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global organic essential oils market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Food and beverage - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)
    • 6.4 Personal care and cosmetics - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Personal care and cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Personal care and cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Personal care and cosmetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Personal care and cosmetics - Year-over-year growth 2022-2027 (%)
    • 6.5 Pharmaceuticals - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Orange oil - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Orange oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Orange oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Orange oil - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Orange oil - Year-over-year growth 2022-2027 (%)
    • 7.4 Mint oil - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Mint oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Mint oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Mint oil - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Mint oil - Year-over-year growth 2022-2027 (%)
    • 7.5 Lemon oil - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Lemon oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Lemon oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Lemon oil - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Lemon oil - Year-over-year growth 2022-2027 (%)
    • 7.6 Eucalyptus oil - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Eucalyptus oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Eucalyptus oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Eucalyptus oil - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Eucalyptus oil - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 The Netherlands - Market size and forecast 2022-2027
      • Exhibit 107: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 BMV Fragrances Pvt. Ltd.
              • Exhibit 127: BMV Fragrances Pvt. Ltd. - Overview
              • Exhibit 128: BMV Fragrances Pvt. Ltd. - Product / Service
              • Exhibit 129: BMV Fragrances Pvt. Ltd. - Key offerings
            • 12.4 Eden Botanicals
              • Exhibit 130: Eden Botanicals - Overview
              • Exhibit 131: Eden Botanicals - Product / Service
              • Exhibit 132: Eden Botanicals - Key offerings
            • 12.5 FLAVEX Natural Extracts GmbH
              • Exhibit 133: FLAVEX Natural Extracts GmbH - Overview
              • Exhibit 134: FLAVEX Natural Extracts GmbH - Product / Service
              • Exhibit 135: FLAVEX Natural Extracts GmbH - Key offerings
            • 12.6 Givaudan SA
              • Exhibit 136: Givaudan SA - Overview
              • Exhibit 137: Givaudan SA - Business segments
              • Exhibit 138: Givaudan SA - Key offerings
              • Exhibit 139: Givaudan SA - Segment focus
            • 12.7 International Flavors and Fragrances Inc.
              • Exhibit 140: International Flavors and Fragrances Inc. - Overview
              • Exhibit 141: International Flavors and Fragrances Inc. - Business segments
              • Exhibit 142: International Flavors and Fragrances Inc. - Key news
              • Exhibit 143: International Flavors and Fragrances Inc. - Key offerings
              • Exhibit 144: International Flavors and Fragrances Inc. - Segment focus
            • 12.8 Koninklijke DSM NV
              • Exhibit 145: Koninklijke DSM NV - Overview
              • Exhibit 146: Koninklijke DSM NV - Business segments
              • Exhibit 147: Koninklijke DSM NV - Key news
              • Exhibit 148: Koninklijke DSM NV - Key offerings
              • Exhibit 149: Koninklijke DSM NV - Segment focus
            • 12.9 Mane Kancor Ingredients Pvt. Ltd.
              • Exhibit 150: Mane Kancor Ingredients Pvt. Ltd. - Overview
              • Exhibit 151: Mane Kancor Ingredients Pvt. Ltd. - Product / Service
              • Exhibit 152: Mane Kancor Ingredients Pvt. Ltd. - Key offerings
            • 12.10 Moksha Lifestyle
              • Exhibit 153: Moksha Lifestyle - Overview
              • Exhibit 154: Moksha Lifestyle - Product / Service
              • Exhibit 155: Moksha Lifestyle - Key offerings
            • 12.11 Norex Flavours Pvt. Ltd.
              • Exhibit 156: Norex Flavours Pvt. Ltd. - Overview
              • Exhibit 157: Norex Flavours Pvt. Ltd. - Product / Service
              • Exhibit 158: Norex Flavours Pvt. Ltd. - Key offerings
            • 12.12 Robertet SA
              • Exhibit 159: Robertet SA - Overview
              • Exhibit 160: Robertet SA - Business segments
              • Exhibit 161: Robertet SA - Key offerings
              • Exhibit 162: Robertet SA - Segment focus
            • 12.13 Symrise AG
              • Exhibit 163: Symrise AG - Overview
              • Exhibit 164: Symrise AG - Business segments
              • Exhibit 165: Symrise AG - Key offerings
              • Exhibit 166: Symrise AG - Segment focus
            • 12.14 Synthite Industries Pvt. Ltd.
              • Exhibit 167: Synthite Industries Pvt. Ltd. - Overview
              • Exhibit 168: Synthite Industries Pvt. Ltd. - Product / Service
              • Exhibit 169: Synthite Industries Pvt. Ltd. - Key offerings
            • 12.15 Takasago International Corp.
              • Exhibit 170: Takasago International Corp. - Overview
              • Exhibit 171: Takasago International Corp. - Business segments
              • Exhibit 172: Takasago International Corp. - Key news
              • Exhibit 173: Takasago International Corp. - Key offerings
              • Exhibit 174: Takasago International Corp. - Segment focus
            • 12.16 Ultra International Ltd.
              • Exhibit 175: Ultra International Ltd. - Overview
              • Exhibit 176: Ultra International Ltd. - Product / Service
              • Exhibit 177: Ultra International Ltd. - Key offerings
            • 12.17 VedaOils
              • Exhibit 178: VedaOils - Overview
              • Exhibit 179: VedaOils - Product / Service
              • Exhibit 180: VedaOils - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

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                INFORMATION SOURCES

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                DATA ANALYSIS

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