Essential oils represent a significant upstream business opportunity for the floriculture market

The global essential oils market size is estimated to be valued at USD 8.8 billion in 2022 and is projected to reach USD 15.3 billion by 2027, recording a CAGR of 11.8% in terms of value.

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Essential oils represent a significant upstream business opportunity for the floriculture market

Floriculture has been associated with the cultivation of exotic and aromatic flowers yielding aromatic essential oils which include rose, jasmine, lavender, and tuberose. Flowers have been known for a long time to be a source of sweet fragrance. Flowers provide one of the most important essential oils which are indispensable in perfumery production. Hence essential oils represent a significant upstream business opportunity for the floriculture market.

Essential oils from flowers, when incorporated into finished products impart various benefits, such as a pleasant aroma in perfumery, shine or conditioning effects in hair care products, and improving the elasticity of the skin.

It is necessary to identify the perfect location for the cultivation of flowering crops based on suitable climatic and soil conditions with minimal use of pesticides and fertilizers to obtain a good yield. It is also essential to carefully monitor the transit of raw materials from field to factory to ensure that the freshness and potency of active ingredients are preserved.

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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).