The global Lavender Oil market is valued at US$ 98.9 million in 2019. The market size will reach US$ 138 million by the end of 2026, growing at a CAGR of 4.8% during 2021-2026.
Is lavender oil in demand?
The rising demand for this oil owing to its utilization in the fragrance and food and beverage industry is likely work in favor of the global lavender oil market in the years to come. Emerging trend of consumers opting for natural and organic products has generated augmented demand for lavender oil.
What is the market value of lavender?
Who are the key companies in the Global Market for Lavender Oil?
| Report Attribute | Details |
|---|---|
| Forecast Period | 2020 – 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 38.3 Million |
| Forecasted Market Value ( USD ) by 2027 | $ 54.4 Million |
| Compound Annual Growth Rate | 5.1% |
How much is pure lavender oil worth?
In general, 100% pure, unadulterated Lavandula angustifolia (L. angustifolia) lavender essential oil will cost between $6.99-$17.96 for a 10ml bottle. This is what most people mean when they refer to lavender and, because of that, it is also called “true” lavender – even though there are many other species of lavender.
How big is the lavender industry?
The Lavender Oil market in the U.S. is estimated at US$11 Million in the year 2020. The country currently accounts for a 28.79% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10.1 Million in the year 2027 trailing a CAGR of 8.5% through 2027.
Which essential oils is in high demand?
U.S. Essential Oils Market Segmentation
The orange essential oils experienced the highest demand by volume, followed by peppermint, eucalyptus, lemon, clove, and frankincense essential oil. The demand for orange essential oil is expected to reach 61-kilo tons by 2026, growing at an impressive CAGR of over 9%.
Who is the target market for essential oils?
The target audience in the market for aromatherapy is commonly women, but it is also growing significantly among millennials. This group population is responsible for the changing trends in healing therapies. People are increasingly opting for natural therapies instead of man-made drugs.
Why is lavender oil so expensive?
Currently, the price of lavender is being driven so high because of three primary factors: Poor crop yield in 2017 and 2018. Large Multi-Level Marketing companies are buying huge fields to capture the lavender EO they need to support their channel.
What is the most profitable lavender to grow?
Depending on what you’re growing it for, either English lavender or a hybrid will be the most profitable in general. What is this? However, for oil production, a hybrid lavender variety called Grosso is the clear winner. It can yield as much as five times more oil than a standard English lavender plant.
Which lavender is best for oil?
True Lavender (Lavandula angustifolia) is the best variety to use for healing and aromatherapy, as the hybrid oils are much higher in camphor, and are more stimulating than calming.
Is lavender oil toxic?
Lavender oil is generally not poisonous in adults when breathed in during aromatherapy or swallowed in smaller amounts. It may cause a reaction in children who swallow small amounts. The major effects are due to allergic reactions of the skin.
How much do essential oils sell for?
Prices for essential oils
| Young Living | doTERRA | Rocky Mountain Oils |
|---|---|---|
| Lavender $29.93 | Lavender $23.10 | Lavender $22.95 |
| Peppermint $29.21 | Peppermint $22.55 | Peppermint $16.95 |
| Frankincense Boswellia Carterii $77.95 | Frankincense Boswellia $78.88 | Frankincense Boswellia Carterii $59.95 |
| Brand Review | Brand Review | Brand Review |
What should I look for when buying lavender oil?
It is also important to ensure the oil is used safely and in line with its intended applications. Some useful factors to consider before buying a Lavender Essential Oil include its use, cost, botanical species, country of origin, as well as its chemical and aromatic profile.
How do you sell lavender commercially?
For most small lavender growers, the local farmer’s market is the best place to sell your harvest, from fresh cut lavender bouquets to dried buds, lavender oil and the many value-added lavender products you can make and sell.
What state produces the most lavender?
So, it might not be a surprise that Oregon is among the top U.S. producers of lavender. The fragrant purple flower adapts well to the state’s moderate temperatures, sandy, well-drained soils and dry summers.
Who produces the most lavender?
Bulgaria
The main production country of lavender is Bulgaria, followed by France; the top producer of lavandin essential oil is France, followed by Spain [3] .
How can I sell essential oils?
The two most common options are:
- Multi-Level Marketing: You start first as a distributor directly selling essential oils as a local rep, then recruit other distributors to work under you (downline) and rake in a percentage of their sales.
- Affiliate Marketing:
Are essential oils profitable?
Producing essential oils can be a lucrative business but one which will depend on the quality of bottling and the marketing of the product. Because the essential oil business has become highly competitive, it is critical to have the right packaging to attract consumer attention.
How do I start my own essential oil business?
Start an aromatherapy business by following these 10 steps:
- Plan your Aromatherapy Business.
- Form your Aromatherapy Business into a Legal Entity.
- Register your Aromatherapy Business for Taxes.
- Open a Business Bank Account & Credit Card.
- Set up Accounting for your Aromatherapy Business.
How can I promote my oil business?
There are many reasons oil and gas digital marketing matters, and these are just a few of the most important:
- Competition. If you want your oil and gas company to stay ahead of the competition, Internet marketing is crucial.
- Online availability.
- Brand awareness.
- SEO.
- PPC.
- Email marketing.
What is the future of aromatherapy?
Essential Oil and Aromatherapy Market Size is Anticipated to Grow at a CAGR of 6.5% by Forecast to 2023, Predicts Market Research Future.
Justin Shelton is a professional cook. He’s been in the industry for over 10 years, and he loves nothing more than creating delicious dishes for others to enjoy. Justin has worked in some of the best kitchens in the country, and he’s always looking for new challenges and ways to improve his craft. When he’s not cooking, Justin enjoys spending time with his wife and son. He loves exploring new restaurants and trying out different cuisines.