Global Lavender Herbal Essential Oil Market Size to Exceed USD 681 Million by 2033 | CAGR of 7.16%
Category: Consumer GoodsGlobal Lavender Herbal Essential Oil Market Size to Exceed USD 681 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Lavender Herbal Essential Oil Market is expected to grow from USD 341 million in 2023 to USD 681 million by 2033, at a CAGR of 7.16% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 255 pages with 110 Market data tables and figures & charts from the report on the "Global Lavender Herbal Essential Oil Market Size, Share, and COVID-19 Impact Analysis By Product Type (Organic and Conventional), By Application (Aromatherapy, Personal Care and Cosmetics, Pharmaceuticals, Food and Beverages, and Others), By Distribution Channel (Online and Offline), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/lavender-herbal-essential-oil-market
The lavender herbal essential oil is a fragrant oil extracted from lavender flowers. It is generally used in aromatherapy to reduce stress, improve sleep, and treat anxiety. Its antibacterial and anti-inflammatory properties also render it popular in skincare, massage, and home treatments for relaxation and health. The lavender herbal essential oil market has seen tremendous growth, fueled by the growing consumer awareness of the health advantages of natural and organic products. The trend toward holistic well-being and natural cures has made consumers look for essential oils that ensure emotional as well as physical well-being. Moreover, increasing popularity for self-made beauty and wellness products has driven the demand for lavender oil, as consumers add it to homemade skincare products and aromatherapy products. Lavender oil, according to the National Center for Biotechnology Information, also has antimicrobial properties, thereby increasing its appeal in the personal care and wellness industries. However, the rigorous rules and certification processes for organic products may become problematic for producers, especially small and medium enterprises, to achieve compliance and sustain product quality. Additionally, volatility in agricultural production based on unfavorable weather patterns has the potential to result in supply shortages and higher production costs.
The organic segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product type, the global lavender herbal essential oil market is divided into organic and conventional. Among these, the organic segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by consumer demand for natural and organic products. Organic essential oils are viewed as being safer and better for health, and this sits in line with the increasing international trend toward well-being and wellness.
The aromatherapy segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on application, the lavender herbal essential oil market is segmented into aromatherapy, personal care and cosmetics, pharmaceuticals, food and beverages, and others. Among these, the aromatherapy segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the growing calming scent of lavender is commonly utilized in several healing practices, strengthening relaxation and lowering anxiety levels.
The offline segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channels, the global lavender herbal essential oil market is categorized into online and offline. Among these, the offline segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the stores, which deal with health and wellness products, organic products, and herbal remedies, are another important sales channel for lavender essential oil. Furthermore, placing these items in easily accessible locations of busy store sections ensures high visibility and accessibility for consumers
North America is expected to hold the majority share of the global lavender herbal essential oil market during the forecast period.
Get more details on this report -
North America is expected to hold the majority share of the global lavender herbal essential oil market during the forecast period. North America dominates the market because of a well-established distribution network and rising consumer demand for organic products. Moreover, strong distribution network and growing consumer demand for organic products, North America is likely to retain its leading position throughout the forecast period.
Asia-Pacific is anticipated to grow at the fastest pace in the global lavender herbal essential oil market during the forecast period. The market is driven by developing consumers in nations such as China, Japan, and India are now demanding more natural and organic products, resulting in increased demand for lavender oil in skincare, cosmetics, and aromatherapy. Furthermore, the growing presence of e-commerce and the growing availability of organic products also aid the Asia Pacific market.
Major vendors in the global lavender herbal essential oil market are NOW Foods, Aura Cacia, Edens Garden, Radha Beauty, ArtNaturals, Majestic Pure, Healing Solutions, Sun Organic, Plant Guru, Gya Labs, Florihana, Nature's Truth, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the lavender herbal essential oil market based on the below-mentioned segments:
Global Lavender Herbal Essential Oil Market, By Product Type
- Organic
- Conventional
Global Lavender Herbal Essential Oil Market, By Application
- Aromatherapy
- Personal Care
- Cosmetics
- Pharmaceuticals
- Food and Beverage
- Others
Global Lavender Herbal Essential Oil Market, By Distribution Channels
- Online
- Offline
Global Lavender Herbal Essential Oil Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?