Demand of essential oils is growing in food & beverages industry

The global #essentialoils market size is projected to reach $15.3 billion by 2027, at a CAGR of 11.8%

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The market is growing due to its wide application and increased awareness among consumers globally. Essential oils are being used in new domains as they have various health benefits and less known side effects. The North American region dominates the global essential market, owing to the growing trends of having a healthy lifestyle and consumers being more aware of the ingredients being used in their products. Furthermore, growing applications of essential oils have increased the R&D and new product innovations which are expected to drive the global market in the forecasted period.

The food and beverage industries use essential oils mostly for their color, flavor, and fragrance in the end products, as substitutes for synthetic ingredients. Essential oils are identified for their health benefits, as they are natural ingredients that impart the essence of the source they have been derived from. The largest market segment for essential oils is food and beverage, as consumers are becoming increasingly aware of the health benefits of essential oils, the preferences for food & beverage products with these oils as additives have increased.

Various essential oils used by manufacturers include orange oil, lemon oil, and lime oil. Lemon’s essential oil is widely used in the food and beverage industry as a flavoring agent, such as in fruit juices, jams, and bakery products. With citrus essential oils labeled as safe for consumption by regulatory authorities, the food and beverages industry continue to incorporate these essential oils into multiple products, in line with the upward trend of “clean label.”

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key players in this market include Cargill, Incorporated (US), DSM (Netherlands), Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Symrise (Germany), Robertet SA (France), MANE (France), doTERRA (US), NOW Foods (US), Lebermuth, Inc. (US), BIOLANDES (France), Norex Flavours Private Limited (India) and India Essential Oils (India).