ESSENTIAL OIL MARKET ANALYSIS

Name: Essential Oil Market News
Creator: Coherent Market Insights
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Essential Oil Market By Extraction Technique (Solvent Extraction, Expressed Oils, Distillation, Others), By Product Type (Orange, Jasmine, Eucalyptus, Others), and By Application (Food and Beverages, Cosmetics and Personal Care, Home Care, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Global Essential Oil Market Key Developments:

On 9^th November 2017, Lebermuth, Inc., a major player in the essential oil market in the U.S. stated that the price for Geranium Egyptian Oil (Pelargonium graveolens, CAS 8000-45-2) rose in September 2017 but later observed a fall in price by a few dollars per kg due to low demand. This fluctuating price of essential oil is expected to affect the company’s annual sales.
On 23^rd September 2019, doTERRA, a major player in the essential oils market announced about expanding its presence in Bogota, Colombia. This will include the company’s new corporate office which will be inaugurated in October 2019. This expansion is initiated so as to expand its product portfolio in the South American region.
On 5^th August 2019, doTERRA, a major player in the essential oils market announced its expansion in the Philippines. This expansion is expected to increase awareness about essential oils in the Asian market. The inauguration of this corporate office is to be held at the end of 2019.