# The Quest To Shine Digitally To Keep The Lavender Oil Market On The Toes Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-15 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Lavender Oil Market: Latest Trends and Forecast Meta Description: Discover how the popularity of lavender oil is soaring globally, especially in personal care products. Get samples to stay ahead of the competition! URL: https://financedigest.com/the-quest-to-shine-digitally-to-keep-the-lavender-oil-market-on-the-toeshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736837333884-compressed.jpg) In its report titled, “Lavender Oil Market: Global Industry Analysis and Forecast, 2016–2024” Persistence Market Insights (PMR) reveals that more than **US$ 76 Mn** worth lavender oil was consumed worldwide in 2016. The lavender market, particularly in Europe will remain highly lucrative in 2017 and beyond owing to the increasing consumer preference for natural plant derived lavender oil products in the region. Meanwhile, [personal care products account for a bulk of the overall demand](https://www.financedigest.com/demand-from-personal-care-and-cosmetic-products-will-boost-vegan-wax-market-sales.html "Demand From Personal Care And Cosmetic Products Will Boost Vegan Wax Market Sales") for lavender globally **.** **To remain ‘ahead’ of your competitors, request for a samples@** [**https://www.persistencemarketresearch.com/samples/15187**](https://www.persistencemarketresearch.com/samples/15187) **Medicinal [Properties of Lavender Oil Boosting](https://www.financedigest.com/how-a-garden-can-boost-your-property-value.html "How a garden can boost your property value") its Popularity amongst Consumers** Consumers both in developed and developing countries are spending more on organic essential oil products [including](https://www.financedigest.com/ing-toughens-oil-and-gas-policy-to-include-trade-finance-midstream.html "ING toughens oil and gas policy to include trade finance, midstream") lavender oil owing to their health benefits. Lavender [oil is considered](https://www.financedigest.com/explainer-why-malaysia-is-considering-a-ban-on-palm-oil-exports-to-the-european-union.html "Explainer-Why Malaysia is considering a ban on palm oil exports to the European Union") to have unique properties that are beneficial for the skin, hence, used in various skincare products. Over the years, application of lavender extract, [oil and essence in food and beverage products](https://www.financedigest.com/best-paying-jobs-in-oil-and-gas-production.html "Best Paying Jobs in Oil And Gas Production") has also increased to a substantial level. Lavender [oil application in food and beverage products is expected](https://www.financedigest.com/oil-rises-on-saudi-oil-production-expectations.html "Oil rises on Saudi oil production expectations") to create an absolute $ opportunity of **US$ 7.65 Mn** between 2016 and 2024. Despite the increasing popularity of substituent products such as the lavendin, players operating in the [market remain focused on introducing newer lavender oil](https://www.financedigest.com/oil-markets-steady-as-investors-weigh-banking-crisis-russia.html "Oil markets steady as investors weigh banking crisis, Russia") products. Moreover, development of advanced product formulations methods, especially for personal [care products is anticipated to stimulate the market](https://www.financedigest.com/the-ostomy-care-accessories-market-to-cling-to-the-digitization.html "The Ostomy Care Accessories Market to cling to the digitization") growth. **Get A Customized Scope To Match Your Need Ask An Expert –** [**sales@persistencemarketresearch.com**](mailto:sales@persistencemarketresearch.com) **Additional [Highlights from the Report](https://www.financedigest.com/board-report-highlights-complex-decision-making-process-across-banking-and-finance-sector.html "Board Report Highlights Complex Decision-Making Process Across Banking and Finance sector") Include** - According to PMR’s report, [global lavender oil](https://www.financedigest.com/global-stocks-close-in-on-4-week-highs-oil-rises-on-hopes-of-soft-landing.html "Global stocks close in on 4-week highs, oil rises on hopes of ‘soft landing’") market is expected to reach **US$ 124.2 Mn**, reflecting a **CAGR of 6.2%** between 2016 and 2024. - Owing to increasing inclination of consumers towards single oils of high quality and high purity, [demand for absolutes and concentrates of lavender oil](https://www.financedigest.com/oil-falls-on-demand-worry-as-fed-make-or-break-moment-approaches.html "Oil falls on demand worry as Fed ‘make or break moment’ approaches") is likely to surge during the forecast period. In 2016, lavender concentrates accounted for a staggering 49.0% [revenue share of the market](https://www.financedigest.com/sodium-cyanide-market-to-reap-excessive-revenues-by-2027.html "Sodium Cyanide Market to Reap Excessive Revenues by 2027 "). - Lavender oil will continue to find [robust application is personal care products during the forecast period](https://www.financedigest.com/servo-press-market-to-register-a-robust-growth-rate-during-the-forecast-period-2017-2025.html "Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025"). By the end of 2024, personal care products will contribute nearly [**US$ 45.1 Mn** to the global lavender market](https://www.financedigest.com/global-sweetener-market-reaching-nearly-us-160-bn-by-2027.html "Global Sweetener Market reaching nearly US$ 160 Bn by 2027"). In addition to Europe, North America and APAC will remain as the other two leading [markets for lavender oil](https://www.financedigest.com/specialty-fats-and-oils-market-foreseen-to-witness-6-6-cagr-during-2018-2026-tmr.html "Specialty Fats and Oils Market Foreseen to Witness 6.6% CAGR during 2018 – 2026 | TMR").  Owing to the presence of prominent manufacturers and suppliers of lavender oil in North America, the region’s [market is expected to witness a steady growth](https://www.financedigest.com/cap-liner-market-to-witness-stunning-growth-by-2027.html "Cap Liner Market to Witness Stunning Growth by 2027") during the assessment period. The market in APAC is expected to be driven by the growing demand for lavender [oil products in emerging countries such as China](https://www.financedigest.com/oil-steadies-after-dipping-on-china-outlook-investors-await-fed-clues.html "Oil steadies after dipping on China outlook; investors await Fed clues") and India. [**Competitive Landscape**](https://www.financedigest.com/all-natural-flavors-system-market-overview-with-details-analysis-competitive-landscapes-forecast-to-2022-2029.html "All-Natural Flavors System Market Overview With Details Analysis, Competitive Landscapes, Forecast To 2022-2029") Some of the key players in the global lavender oil market include doTERRA International, LLC, Young living essential oils LC, Takasago International corporation, International Flavours & Fragrances Inc., Aromaland Inc., Symrise AG, Givaudan SA, Firmenich S A, Rocky Mountain Soap Co., and [China Flavors and Fragrances Company](https://www.financedigest.com/companies-in-china-distance-themselves-from-taiwan-amid-pelosi-backlash.html "Companies in China distance themselves from Taiwan amid Pelosi backlash") Limited. To [strengthen their market](https://www.financedigest.com/the-intra-aortic-balloon-pump-market-to-strengthen-by-the-way-of-digitized-polyphony.html "The Intra Aortic Balloon Pump Market to strengthen by the way of digitized polyphony") position, many of these companies are going into strategic alliances and also concentrating on further technological advancements to improve product line. **For in-depth competitive analysis, buy now@** [**https://www.persistencemarketresearch.com/checkout/15187**](https://www.persistencemarketresearch.com/checkout/15187) **About us:** [**Persistence Market Research**](https://www.persistencemarketresearch.com/about-us.asp) **Contact us:** **Persistence** [Market Research](https://www.financedigest.com/oil-expellers-market-research-report-overview-with-geographical-segmentation-by-revenue-with-forecast-2028.html "Oil Expellers Market Research Report: Overview With Geographical Segmentation By Revenue With Forecast 2028") Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 **Sales** – sales@persistencemarketresearch.com --- This blog is powered by Superblog. 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