Global Perfumes Market

The toiletry market consists of sales of toiletries by entities (organizations, sole traders, or partnerships) that prepare, blend, compound, and package toilet preparations. The main types of toiletries are lotions (including sunscreens), hair preparations, face creams, perfumes, shaving preparations, and other types. Lotions are liquid preparations for cosmetic or external medicinal use. The preferences are mass and premium. The genders are male and female. The distribution channels are hypermarkets and supermarkets, e-commerce, pharmacy stores, and other distribution channels. The toiletries market research report is one of a series of new reports from The Business Research Company that provides toiletries market statistics, including toiletries industry global market size, regional shares, competitors with a toiletries market share, detailed toiletries market segments, market trends and opportunities, and any further data you may need to thrive in the toiletries industry. This toiletries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global toiletries market grew from $275.69 billion in 2021 to $309.25 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The toiletries market is expected to grow to $446.05 billion in 2026 at a CAGR of 9.6%. The ageing population is expected to be a growth driver for this market. Sales of products such as anti-aging creams and peels, wrinkle-reducing moisturizers, and other anti-aging topical treatments are expected to increase. Apart from this, older women usually have more disposable income than younger women. This will make it easier for them to spend more on cosmetics. According to the World Population Ageing 2019 report, there were 703 million people over the age of 65 in 2019 and this is expected to increase to 1.5 billion in 2050. This is expected to increase the demand for various cosmetic products, especially cosmetics with pharmaceutical capabilities, thus driving the toiletry market going forward. Strict regulations by government agencies on the use of certain ingredients in cosmetics are expected to act as a key restraint on the market. These ingredients are prohibited due to their toxicity and possible skin diseases due to their use. The EU Cosmetics Regulations list substances that cannot be used and also those that can be used only in specified circumstances. Similarly, the US Food and Drug Administration (FDA) prohibits or restricts a list of ingredients in cosmetics. These prohibited substances include bithionol, chloroform, mercury compounds, methylene chloride, vinyl chloride, and chlorofluorocarbon propellants. Companies are focusing on the manufacturing of toiletries based on natural and organic products due to increased awareness of consumers about the hazards due to the usage of synthetic materials. Toiletries are products focused on consumer hygiene and beatification. Companies are producing products with a high rate of transparency in ingredients, packaging, and sustainability as the end-users are opting for a healthy lifestyle. Natural and organic products are obtained from plant extracts, vegetables, and essential oils with higher levels of vitamin C and essential minerals such as calcium, magnesium, iron, and chromium and are eco-friendly. For instance, by March 2021, Maybelline and Lancôme maker L’Oréal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030, as demand for organic and environmentally-friendly cosmetics grows. Major companies in the toiletries market include L'Oreal SA, Unilever plc, The Estée Lauder Companies Inc, Procter & Gamble, Shiseido Company Limited, Beiersdorf AG, Kao Corporation, Johnson & Johnson, Colgate-Palmolive co, and Coty Inc. Asia Pacific was the largest region in the toiletries market in 2021. Western Europe was the second-largest region of the toiletries market. The regions covered in the toiletries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the toiletries market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The global toiletries market is segmented - 1) By Type: Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations 2) By Preference: Mass, Premium 3) By Gender: Male, Female 4) By Distribution Channel: Hypermarkets/Supermarkets, E-Commerce, Pharmacy Stores, Other Distribution Channels

The face cream market consists of the sales of face creams. Face creams are cosmetic creams or lotions consisting of any number of various substances in the form of a thick liquid, applied to the face to improve the complexion and to soften and moisturise the skin. The main types of face creams are moisturisers, healing, anti-aging, and others. Anti-aging face creams are cosmeceutical skincare products that are mostly moisturizer-based and are promoted with the promise of helping the consumer seem younger. Face creams are used by females and males of age groups 0-1, 2-25, 26-40, 41-55, and >55 and are applied to oily skin, dry skin, neutral skin, sensitive skin, and other skin types and are distributed through multi-brand retail outlets, online platforms, supermarkets/hypermarkets, exclusive retail stores, and beauty parlors/salons. The face creams market research report is one of a series of new reports from The Business Research Company that provides face creams market statistics, including global market size, regional shares, competitors with a face creams market share, detailed face creams market segments, market trends and opportunities, and any further data you may need to thrive in the face creams industry. This face cream market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global face creams market grew from $13.2 billion in 2021 to $14.62 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The face creams market is expected to grow to $19.91 billion in 2026 at a CAGR of 8.0%. The rising demand for natural and organic face creams is expected to drive the face cream market growth during the forecast period. With the growing awareness of the risks associated with the prolonged use of face creams made from synthetic materials, the demand for natural and organic face creams has increased. Face cream manufacturers are focusing on developing products using natural ingredients such as aloe vera, clay, hyaluronic acid, antioxidants, coconut, avocado, jojoba, argan oil, carrot seed extracts, sunflower, and olive oil. According to Livemint's analysis, the contribution of natural products to personal care has increased to 35% in 2019. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying products manufactured from natural ingredients. This is expected to drive the face cream market. Strict regulations by government agencies on the use of certain ingredients in making cosmetics are expected to act as a key restraint on the market. These ingredients are prohibited due to their toxicity, and their use may lead to various skin diseases. The EU Cosmetics Regulations list substances that cannot be used and also those that can be used only in specified circumstances. Similarly, the US Food and Drug Administration (FDA) prohibits or restricts a list of ingredients in cosmetics. These prohibited substances include bithionol, chloroform, mercury compounds, methylene chloride, vinyl chloride, and chlorofluorocarbon propellants. The demand for multi-benefit combinations has been increasing rapidly. Products such as foundations with anti-aging serums, nail polish with UV protection, and anti-aging claims are introduced into the market. Multi-benefit solutions are expected to continue to penetrate further into different categories, such as hair care with anti-aging or fragrance to lipsticks with lip care. Major players in the face creams market are Johnson & Johnson Services Inc., L'Oreal S.A., Procter & Gamble, The Estee Lauder Companies Inc., Unilever, Alticor Inc., The Body Shop International Limited, Avon Products Inc., Oriflame Cosmetics AG, and Shiseido Company Limited. Asia Pacific was the largest region in the face creams market in 2021. Western Europe was the second-largest region in the face creams market. The regions covered in the face creams manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the face creams market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The global face creams market is segmented - 1) By Type: Moisture, Healing, Anti-aging, Other Types 2) By Age: 0-1, 2-25, 26-40, 41-55, >55 3) By Gender: Female, Male 4) By Application: Oil Skin, Dry Skin, Neutral Skin, Sensitive Skin, Other Applications 5) By Distribution Channel: Multi-Brand Retail Outlets, Online Platforms, Supermarkets/ Hypermarkets, Exclusive Retail Stores, Beauty Parlors/ Salons

The hand cream and hand lotion market consists of sales of hand creams and hand lotions and related services. Hand cream and hand lotion are topical formulations with low to medium viscosity, intended for unbreakable skin application. Many lotions, especially hand lotions and body lotions, are developed simply to smooth, rehydrate and soften the skin. The main types of hand cream and hand lotion are moisturizing hand lotion, protective hand lotion, repair hand crème, and others. Hand lotion with moisturizing properties is a liquid that users apply to their hands to make them feel smoother and softer. The different applications include adult, and baby, and are distributed through various channels such as supermarkets or hypermarkets, specialty stores, beauty salons, pharma, drug store, and online stores. The hand cream and hand lotion market research report is one of a series of new reports from The Business Research Company that provides hand cream and hand lotion market statistics, including hand cream and hand lotion industry global market size, regional shares, competitors with hand cream and hand lotion market share, detailed hand cream and hand lotion market segments, market trends and opportunities, and any further data you may need to thrive in the hand cream and hand lotion industry. This hand cream and hand lotion market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hand cream and hand lotion market is expected to grow from $5.73 billion in 2021 to $6.43 billion in 2022 at a compound annual growth rate (CAGR) of 12.31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The hand cream and hand lotion market is expected to reach $9.33 billion in 2026 at a CAGR of 9.8%. The increasing habit of frequent hand washing to avoid infections is a key factor driving the growth of the hand cream and hand lotion market. Washing hands regularly and thoroughly is one of the best ways to reduce COVID-19 transmission, as hands are responsible for bringing most bacteria into our respiratory system. Although hand washing and the use of harsh sanitizers are both essential to reduce the spread of the virus, they can hurt the skin, causing the hands to feel dry, cracked, and sore. Therefore, doctors recommend using hand creams that help maintain the hands nourished, soothe any dry areas and minimize irritation of the skin. Therefore, the drying of hands owing to frequent hand-wash is expected to drive the growth of the hand cream and hand lotion market. The presence of counterfeit products is a key factor hampering the growth of the hand cream and hand lotion market. Since many users are unaware that the product, they are using is a counterfeit, the user will blame the authentic company if the take-off item stops working properly, it quickly falls apart, or it doesn't meet their expectations. Retailers, distributors, and other organizations that work with companies frequently lose trust in reputable companies because of counterfeiters' actions. More than $31.76 billion was lost annually by counterfeit goods throughout the fashion industry alone each year, and this issue extends to a multitude of industries. Therefore, the presence of counterfeit products is expected to hinder the growth of the hand cream and hand lotion market. The hand creams that contain healthy ingredients such as herbs and essential oils that cure and rebuild skin are a key trend in the hand cream and hand lotion market. For instance, the aloe-based hand repair creams made with 60% aloe gel provide deep moisture to the skin for comfortable and soft hands. This cream repairs dry and broken skin and can also be applied to key dry areas of the skin such as knees and elbows. The subtle scent that these natural ingredients leave behind also attracts the use of this cream more frequently. In June 2019, Unilever, a London-based consumer goods company acquired Tatcha LLC for $500 million. Through this acquisition, Unilever is widening its portfolio. Tatcha joins brands such as Murad, Dermalogica, REN Clean Skincare, Kate Somerville, Living Proof, and Hourglass as part of Unilever's portfolio. Tatcha LLC is a Japanese anti-aging skincare company. Major players in the hand cream and hand lotion market are Unilever, Johnson & Johnson, Procter & Gamble, Coty, Beiersdorf, LYNX, Whealthfields Lohmann, Jahwa, and Suave?. The regions covered in the hand cream and hand lotion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hand cream and hand lotion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global hand cream and hand lotion market is segmented - 1) By Type: Moisturising Hand Lotion, Protective Hand Lotion, Repair Hand Crème, Others 2) By Application: Adult, Baby 3) By Distribution Channel: Supermarket/Hypermarket, Speciality Store, Beauty Salon, Pharma & Drug Store, Online Store

The body lotion market consists of the sales of body lotions. Body lotions are smooth liquid preparations designed to be applied to the skin for medicinal, cosmetic, or protective purposes. For example, sunscreens are a substance that protects from the sun's ultraviolet (UV) radiation and thus helps against sunburns. The main types of body lotion are dry skin body lotion, oily skin body lotion, normal skin body lotion, and other types. Body lotions are smooth liquid preparations designed to be applied to the skin for medicinal, cosmetic, or protective purposes. These are applied to men, women, and babies and are segmented by channel into direct sales and distributors. The body lotions market research report is one of a series of new reports from The Business Research Company that provides body lotions market statistics, including body lotions industry global market size, regional shares, competitors with a body lotions market share, detailed body lotions market segments, market trends and opportunities, and any further data you may need to thrive in the body lotions industry. This body lotion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global body lotion market is expected to grow from $55.3 billion in 2021 to $63.9 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The body lotion market is expected to grow to $98.9 billion in 2026 at a CAGR of 11.5%. Rapid growth in the millennial population is expected to drive the perfume market. According to Cosmetics Europe, the cosmetics and personal care businesses add at least €29 billion (USD 33.14 billion) to the European economy each year, and the number of individuals using cosmetics products is rapidly expanding, surpassing 500 million in Europe. By 2025, millenials are expected to constitute nearly three-quarters of the global workforce. As millennials will represent a large part of the global workforce and play a major role in driving the current economy, their preferences and shopping habits will be an important driving factor for the lotion market. Strict regulations by government agencies on the use of certain ingredients in making cosmetics are expected to act as a key restraint on the market. These ingredients are prohibited due to their toxicity, and their use may lead to various skin diseases. The EU Cosmetics Regulations list substances that cannot be used and also those that can be used only in specified circumstances. Similarly, the US Food and Drug Administration (FDA) prohibits or restricts a list of ingredients in cosmetics. These prohibited substances include bithionol, chloroform, mercury compounds, methylene chloride, vinyl chloride, and chlorofluorocarbon propellants. The demand for multi-benefit combinations has been increasing rapidly. Products such as foundations with anti-aging serums, sun screen lotions, nail polish with UV protection, and anti-aging claims are introduced into the market. Multi-benefit solutions are expected to continue to penetrate further into different categories, such as hair care with anti-aging or fragrance to lipsticks with lip care. Major players in the body lotions market are Aveeno, Cetaphil, Olay, Alba Botanica, Avalon Organics, Clarins, Crabtreeand Evelyn, Hempz, Murad, and L'Oréal S.A. Asia Pacific was the largest region in the body lotion market in 2021. North America was the second-largest region in the body lotions market. The regions covered in the body lotions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the body lotions market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global body lotions market is segmented - 1) By Type: Dry Skin Body Lotion, Oily Skin Body Lotion, Normal Skin Body Lotion, Other Types 2) By Application: Men, Women, Baby 3) By Channel: Direct Sales, Distributor

The hair preparations market consists of the sales of hair preparations. Hair preparations include sprays, bleaches, dyes, conditioners, rinses, shampoos, nutrient lotions, etc., which are applied topically to the hair. The main types of hair preparations are hair spray, conditioner, shampoo, hair oil, and other types. Hair spray is a liquid that is sprayed on the hair post-styling to hold it in place. Hair preparations are distributed through hypermarkets and supermarkets, specialty stores, online stores, convenience stores, and other distribution channels and are used by both males and females. The hair preparations market research report is one of a series of new reports from The Business Research Company that provides hair preparations market statistics, including global market size, regional shares, competitors with a hair preparations market share, detailed hair preparations market segments, market trends and opportunities, and any further data you may need to thrive in the hair preparations industry. This hair preparations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global hair preparations market grew from $114.37 billion in 2021 to $125.42 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The hair preparations market is expected to grow to $164.47 billion in 2026 at a CAGR of 7.0%. The rising level of air pollution is expected to drive the demand for hair preparations. In October 2019, a study from the Future Science Research Centre and EADV Congress revealed that exposure to common air pollutants known as particulate matter (PM) is one of the leading causes of hair loss in humans. According to the report published by the World Health Organization (WHO), it is estimated that 90% of the world's population lives in polluted areas. This is expected to increase the demand for hair care products in the forecast period. Counterfeits are made to look like well-known brands; consumers find it difficult to distinguish genuine products from counterfeit products, thereby damaging the brand's reputation and devaluing the investment made by the brand, resulting in a loss of revenues. For instance, statistics published by the European Commission state that over 40 million counterfeit articles were confiscated. Therefore, rising instances of counterfeiting limit the growth of the hair preparation market. There is a growing preference by consumers for natural ingredient products in the hair preparation market. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying natural products. Haircare product manufacturing companies are focusing on the development of natural-ingredient products due to rising concerns of allergic reactions and hair and scalp problems caused by using synthetic ingredients. Major players in the hair preparations market are Unilever plc, Estée Lauder Companies Inc, Coty Inc, Procter & Gamble, BASF SE, SHISEIDO GROUP, JOHNSON & JOHNSON, ORIFLAME COSMETICS AG, L’Oréal SA, and Revlon Inc. Asia Pacific was the largest region in the hair preparations market in 2021. Western Europe was the second-largest region in the hair preparations market. The regions covered in the hair preparations manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hair preparations market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The global hair preparations market is segmented - 1) By Type: Hair Spray, Conditioner, Shampoo, Hair Oil, Other Types 2) By Distribution Channel: Hypermarket/Supermarket, Specialty Store, Online Stores, Convenience Stores, Other Distribution Channels 3) By Gender: Male, Female 4) By Based on Type: Organic, Chemical

The shaving preparations market consists of sales of shaving preparations and related services that include shaving cream or foam, which is a frothy cosmetic cream applied to remove body hair mainly facial hair. Shaving creams comprise an emulsion of oils, soaps or surfactants, and water that helps in lubricating the cutting process, swelling keratin, and desensitizing skin. The main product types of shaving preparations are shave foams, shaving creams, shaving lotions, shaving waxes, and shaving gels. The sales channels are beauty and drug stores, branded and specialty outlets, online retailers, convenience stores, and other sales channels. The various end-users are salons, personal use. The shaving preparations market research report is one of a series of new reports from The Business Research Company that provides shaving preparations market statistics, including shaving preparations industry global market size, regional shares, competitors with a shaving preparations market share, detailed shaving preparations market segments, market trends and opportunities, and any further data you may need to thrive in the shaving preparations industry. This shaving preparations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global shaving preparations market grew from $0.78 billion in 2021 to $0.87 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The shaving preparations market is expected to grow to $1.23 billion in 2026 at a CAGR of 9.0%. The increasing adoption of self-grooming and personal care products is driving the shaving preparations market. Through advertisements and social media blogs, men and women are well aware of how to get rid of body hair and use hair removal products extensively. In addition, the introduction of sensitive razors and shaving creams that are more economical, cause less irritation, soften the beard, make the skin smooth and moisturized, and help reduce cuts while shaving. For instance, according to the Simmons National Consumer Survey (NHCS), in the USA, in 2019, 2.13 million Americans used shaving cream or gel 14 or more times a week. Cosmetic and personal-care products suppliers face an uncertain regulatory environment globally. Product safety and consumer safety are the most essential concerns for manufacturing companies along with the U.S. Food and Drug Administration (FDA). The FDA strictly enforces the Food, Drug, and Cosmetic Act (FD&C Act) for personal care product manufacturers and companies. According to the FD&C Act, every personal care product and its ingredients should meet the requirements of the law with additional consumer safety measures. In addition, all the ingredients are substantiated for safety before going to market. Thus, regulations on ingredients hinder the growth of the shaving preparations market. Increasing demand for wet shaving kits contributes to the growth of the shaving preparations market. The wet shaving process provides a cleaner shave than the dry shaving method, which often leads to less irritation and softer skin and growth of the beard. Many companies are also offering a wide range of razors, shaving creams or soap, shaving brushes, and after-shaving lotion at an economical rate, which keeps skin pores clean and bacteria-free and prevents acne. According to a survey conducted by Prim & Prep in the USA, aged 18+, 61% of male respondents are concerned about razor burns and bumps, and 58% of male respondents shave at least thrice a week. In May 2019, Edgewell Personal Care, an American consumer goods company and the parent company of Schick and Wilkinson razor brands, acquired Harry's Inc. for $1.37 billion. The acquisition aimed to create a direct, branded relationship with consumers and strengthen the market position in shaving and grooming products. Harry’s Inc., a USA-based company, specialises in manufacturing razors, shaving creams, and body wash products. Major players in the shaving preparations market are The Procter and Gamble Company, L'Oréal Group, Gillette, Johnson & Johnson, Colgate-Palmolive, Energizer Holdings, Godrej, Beiersdorf AG, Unilever PLC, and Perio. Asia Pacific was the largest region in the shaving preparations market in 2021. Western Europe was the second-largest region in the shaving preparations market. The regions covered in the shaving preparations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the shaving preparations market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global shaving preparations market is segmented - 1) By Product Type: Shave Foams, Shaving Creams, Shaving Lotions, Shaving Waxes, Shave Gels 2) By End User: Salons, Personal Use 3) By Sales Channel: Beauty and Drug Stores, Branded and Specialty Outlets, Online Retailers, Convenience Stores, Other Retailing Formats

The essential oil market consists of sales of essential oils by entities (organizations, sole traders, and partnerships) that refer to the oils as concentrated plant extracts that retain the natural flavor, essence, and smell of their source. These types of oils are mainly used in aromatherapy. The main types of essential oils are orange oil, lemon oil, lime oil, peppermint oil, cornmint oil, citronella oil, spearmint oil, geranium oil, clove leaf oil, and eucalyptus oil. Orange essential oil is extracted from the rind of the sweet orange, Citrus sinensis. The methods used for extracting essential oils include distillation, carbon dioxide extraction, cold press extraction, solvent extraction, and other extraction methods. The major uses of essential oils can be seen in the food and beverage industry, aromatherapy, cosmetics and toiletries, pharmaceuticals, cleaning and home care, animal feed, and fragrance industries. The essential oils market research report is one of a series of new reports from The Business Research Company that provides essential oils market statistics, including essential oils industry global market size, regional shares, competitors with essential oils market share, detailed essential oils market segments, market trends and opportunities, and any further data you may need to thrive in the essential oils industry. This essential oils market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global essential oils market is expected to grow from $12.36 billion in 2021 to $13.58 billion in 2022 at a compound annual growth rate (CAGR) of 9.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The essential oils market is expected to grow to $21.85 billion in 2026 at a CAGR of 12.62%. The growing spa industry across the globe is expected to propel the growth of the essential oils market. Essential oils are used in aromatherapy, a form of alternative medicine to support health and well-being. Consumer preference is increasing for natural and organic oil products all around the globe. For instance, according to the Global Wellness Institute, in 2020 there were over 1,60,000 spas, earning $68 billion in revenue globally. Spa revenue was growing by 8.7% annually prior to 2020. Therefore, the increasing spa industry across the globe is driving the growth of the essential oils market. New product launches are a key trend gaining popularity in the essential oils market. For instance, in October 2020, doTERRA, a multi-level marketing company based in Pleasant Grove, Utah that sells essential oils and related products, announced several new essential oil products and diffusers like Helichrysum Touch, which is an ideal balance of Helichrysum oil and fractionated coconut oil used to promote a youthful complexion, glow, and reduce signs of aging. In December 2020, NEW WAVE HOLDINGS CORP., which is engaged in the research and development of mushroom products, including psychedelic substances, acquired Way of Will Inc. for an undisclosed amount. The acquisition will provide capital and support services to NEW WAVE HOLDINGS CORP. Way of Will Inc., a Canadian retailer of aromatherapy products, which uses natural aromatic plants and essential oils to promote healthy outcomes. Givaudan SA, Young Living Essential Oils, The Lebermuth Company Inc., Symrise, Essential Oils of New Zealand, International Flavors & Fragrances Inc, Robertet SA, BIOLANDES SAS, Cargill Inc, DuPont, Koninklijke DSM N.V., dôTERRA International LLC, Sensient Technologies Corporation, Firmenich SA, Mane, Rocky Mountain Oils LLC, Falcon, Farroti, Indian Essential Oils. North America was the largest region in the essential oils market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the essential oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Essential Oils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global essential oils market is segmented - 1) By Type: Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil 2) By Method of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Others 3) By Application: Food & Beverage, Aromatherapy, Cosmetics & Toiletries, Pharmaceuticals, Cleaning & Home Care, Animal Feed, Fragrances