Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 845 Million | USD 1201 Million | 5.0% | 2022 |
FrequentlyAsked Questions
Lavender oil is obtained from the extraction of the flowers of lavender. Lavender oil extraction is very tedious work and is distilled in the final stage. Different methods through which the essential oil is obtained include steam distillation, hydro distillation, and solvent extraction. Among all the essential oils lavender oil is the most versatile and expensive one. This product is popular in the cosmetic sector as it is used for fragrance and in the food industry lavender oil is used for flavoring purposes. It also finds applications in the pharmaceutical industry where it is used in therapies.
The increasing demand for lavender oil in the current market scenario is due to its flavored eminence and fragrance. The recent trend is that consumers are inclined towards products that are produced naturally, should be organic, and have health benefits thus having an increasing demand from the growing economies of the world. The lavender oil market is in high demand for beauty care and body care products. Body creams, soaps, lotions, perfumes, and many other cosmetic products have high usage of lavender oil.
According to the report, the global Lavandula Oil (Lavender Oil) market size was worth around USD 845 million in 2022 and is predicted to grow to around USD 1201 million by 2030.
The global Lavandula Oil (Lavender Oil) market is expected to grow at a CAGR of 5.0% during the forecast period.
The global Lavandula Oil (Lavender Oil) market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market owing to the growing cosmetic and personal care industry.
The global Lavandula Oil (Lavender Oil) market is dominated by players like Givaudan International SA, Biolandes SAS, Symrise AG, Enio Bonchev Production Ltd., International Flavours and Fragrances Inc., The Lebermuth Company, Inc., Phoenix Aromas & Essential Oils LLC, Sydney Essential Oil Co., Young Living Essential Oils, Essential Oils of New Zealand, Aromaland, Alteya Organics, China Flavors and Fragrances Company Limited, doTERRRA International LLC, NHR Organic Oils, Takasago International Corporation and Moksha Lifestyle Products among others.
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