Lavender Essential Oil Market By Form And Application- Global Industry Analysis And Forecast To 2023

Published On : June 2022 Pages : 190 Category: Animal Feed and Feed Additives Report Code : FB06930

SEGMENTS & REGIONS:

  • Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa

Industry Outlook and Trend Analysis

The Lavender Essential Oil Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Lavender oil is an essential derived by refining from the flower spikes of specific types of lavender. Like every essential oil, it is not a pure compound; it is a complex blend of phytochemicals, including linalool and linalyl acetate. Oil of spike lavender was used as a dissolvable in oil painting, mostly before the usage of refined turpentine progressed toward becoming common. Lavender oil is a typical ingredient in mosquito and other insect repellents and has for quite some time been used in the manufacturing of perfume.

Drivers and Restraints

Significant driver behind expanding interest of lavender oil in the market situation is because of its aroma and flavoured eminence. These days’ consumers are generally influenced towards that product which has regular quality, organic in nature and useful for their wellbeing, because of which it has higher demand among developing economies of world. On the opposite side according to the present market incline, lavender oil is drifting in the market due to its wide application in body care and beauty care products. This oil is generally used in soaps, lotions, perfumes, body creams and numerous other cosmetic products. Moreover, lavender oil is additionally gaining demand from specialty food industry where purchasers liked to purchase food and beverages which are abundant in natural flavour, natural ingredient, taste, scent etc.

Market Segmentation

The Lavender Essential Oil Market is segmented on the basis of form and application. Based on form the market is segmented into Concentrates, Absolutes and Blends. Based on application the market is segmented into Personal Care, Aromatherapy, Therapeutics, Cosmetics, Food and Beverages and Others. Based on revenue, the Therapeutics segment accounted for over XX% of the global lavender oil market in 2017. Therapeutics is foreseen to reflect significant development over the forecast period as demand for lavender oil products is boosting by leaps and bounds.

Regional Outlook and Trend Analysis

Geographically, Western Europe accounts greater part of share based on volume contribution and from which Bulgaria is anticipated to be lucrative market in everywhere throughout the world as far as generation of lavender essential oil took after by Asia-Pacific region. On the opposite side, as far as usage North America is foreseen to be biggest consumer of lavender essential oil on the planet.

Competitive Insights

The leading players in the market are Takasago International Corporation, Firmenich, Young Living, Symrise, International Flavors & Fragrances Inc, Givaudan, Aromaland Inc, Rocky Mountain Soap Co and China Flavors and Fragrances Co Ltd. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Lavender Essential Oil Market is segmented as follows-

By Form:

  • Concentrates
  • Absolutes
  • Blends

By Application:

  • Personal Care
  • Aromatherapy
  • Therapeutics
  • Cosmetics
  • Food and Beverages
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2023?
  • What will be the industry market growth from 2017 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Lavender Essential Oil Market, By Form, Estimates and Forecast, 2014-2023 ($Million)

·         Absolutes

·         Concentrates (100% Pure Lavender Oil)

·         Blends

·         Lavender Essential Oil Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Therapeutics

·         Personal Care

·         Cosmetics

·         Aromatherapy

·         Food and Beverages

·         Other Applications

·         Lavender Essential Oil Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Lavender Essential Oil Market, By Country

o    U.S. Lavender Essential Oil Market

o    Canada Lavender Essential Oil Market

o    Mexico Lavender Essential Oil Market

·         Europe

§  Europe Lavender Essential Oil Market, By Country

o    Germany Lavender Essential Oil Market

o    UK Lavender Essential Oil Market

o    France Lavender Essential Oil Market

o    Russia Lavender Essential Oil Market

o    Italy Lavender Essential Oil Market

o    Rest of Europe Lavender Essential Oil Market

·         Asia-Pacific

§  Asia-Pacific Lavender Essential Oil Market, By Country

o    China Lavender Essential Oil Market

o    Japan Lavender Essential Oil Market

o    South Korea Lavender Essential Oil Market

o    India Lavender Essential Oil Market

o    Southeast Asia Lavender Essential Oil Market

o    Rest of Asia-Pacific Lavender Essential Oil Market

·         South America

§  South America Lavender Essential Oil Market

o    Brazil Lavender Essential Oil Market

o    Argentina Lavender Essential Oil Market

o    Columbia Lavender Essential Oil Market

o    South Africa Lavender Essential Oil Market

o    Rest of South America Lavender Essential Oil Market

·         Middle East and Africa

§  Middle East and Africa Lavender Essential Oil Market

o    Saudi Arabia Lavender Essential Oil Market

o    UAE Lavender Essential Oil Market

o    Egypt Lavender Essential Oil Market

o    Nigeria Lavender Essential Oil Market

o    South Africa Lavender Essential Oil Market

o    Rest of MEA Lavender Essential Oil Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.2.  Restraints

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2017-2023)

4.1.2.  Canada Market States and Outlook (2017-2023)

4.1.3.  Mexico Market States and Outlook (2017-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2017-2023)

4.2.2.  France Market States and Outlook (2017-2023)

4.2.3.  UK Market States and Outlook (2017-2023)

4.2.4.  Russia Market States and Outlook (2017-2023)

4.2.5.  Italy Market States and Outlook (2017-2023)

4.2.6.  Rest of Europe Market States and Outlook (2017-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2017-2023)

4.3.2.  Japan Market States and Outlook (2017-2023)

4.3.3.  Korea Market States and Outlook (2017-2023)

4.3.4.  India Market States and Outlook (2017-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2017-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2017-2023)

4.4.2.  Argentina Market States and Outlook (2017-2023)

4.4.3.  Columbia Market States and Outlook (2017-2023)

4.4.4.  Rest of South America Market States and Outlook (2017-2023)

4.5.       Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market States and Outlook (2017-2023)

4.5.2.  UAE Market States and Outlook (2017-2023)

4.5.3.  Egypt Market States and Outlook (2017-2023)

4.5.4.  Nigeria Market States and Outlook (2017-2023)

4.5.5.  South Africa Market States and Outlook (2017-2023)

4.5.6.  Rest of MEA Market States and Outlook (2017-2023)

5.       Lavender Essential Oil Market, By Form

5.1.       Introduction

5.2.       Global Lavender Essential Oil Sales, Revenue and Market Share by Form (2017-2027)

5.2.1.  Global Lavender Essential Oil Sales and Sales Share by Form (2017-2027)

5.2.2.  Global Lavender Essential Oil Revenue and Revenue Share by Form (2017-2027)

5.3.       Absolutes

5.3.1.  Global Absolutes Sales and Growth Rate (2017-2027)

5.4.       Concentrates (100% Pure Lavender Oil)

5.4.1.  Global Factor II Concentrates (100% Pure Lavender Oil) Sales and Growth Rate (2017-2027)

5.5.       Blends

5.5.1.  Global Blends Sales and Growth Rate (2017-2027)

6.       Lavender Essential Oil Market, By Application

6.1.       Introduction

6.2.       Global Lavender Essential Oil Sales, Revenue and Market Share by Application (2017-2027)

6.2.1.  Global Lavender Essential Oil Sales and Sales Share by Application (2017-2027)

6.2.2.  Global Lavender Essential Oil Revenue and Revenue Share by Application (2017-2027)

6.3.       Therapeutics

6.3.1.  Global Therapeutics Sales and Growth Rate (2017-2027)

6.4.       Personal Care

6.4.1.  Global Personal Care Sales and Growth Rate (2017-2027)

6.5.       Cosmetics

6.5.1.  Global Cosmetics Sales and Growth Rate (2017-2027)

6.6.       Aromatherapy

6.6.1.  Global Aromatherapy Sales and Growth Rate (2017-2027)

6.7.       Food and Beverages

6.7.1.  Global Food and Beverages Sales and Growth Rate (2017-2027)

6.8.       Other Applications

6.8.1.  Global Other Applications Sales and Growth Rate (2017-2027)

7.       Lavender Essential Oil Market, By Region

7.1.       Introduction

7.2.       Global Lavender Essential Oil Sales, Revenue and Market Share by Regions

7.2.1.  Global Lavender Essential Oil Sales by Regions (2017-2027)

7.2.2.  Global Lavender Essential Oil Revenue by Regions (2017-2027)

7.3.       North America Lavender Essential Oil by Countries

7.3.1.  North America Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.3.2.  North America Lavender Essential Oil Revenue and Growth Rate (2017-2027)

7.3.3.  North America Lavender Essential Oil Sales by Countries (2017-2027)

7.3.4.  North America Lavender Essential Oil Revenue (Million USD) by Countries (2017-2027)

7.3.5.  U.S.

7.3.5.1.    United States Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.3.5.2.    United States Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Canada

7.3.6.1.    Canada Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.3.6.2.    Canada Lavender Essential Oil Sales (Millions USD) and Growth Rate (2017-2027)

7.3.7.  Mexico

7.3.7.1.    Mexico Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.3.7.2.    Mexico Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Lavender Essential Oil by Countries

7.4.1.  Europe Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.2.  Europe Lavender Essential Oil Revenue and Growth Rate (2017-2027)

7.4.3.  Europe Lavender Essential Oil Sales by Countries (2017-2027)

7.4.4.  Europe Lavender Essential Oil Revenue (Million USD) by Countries (2017-2027)

7.4.5.  Germany

7.4.5.1.    Germany Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.5.2.    Germany Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  UK

7.4.6.1.    UK Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.6.2.    UK Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  France

7.4.7.1.    France Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.7.2.    France Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Russia

7.4.8.1.    Russia Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.8.2.    Russia Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Italy

7.4.9.1.    Italy Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.9.2.    Italy Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.4.10.2. Rest of Europe Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Lavender Essential Oil Revenue and Growth Rate (2017-2027)

7.5.3.  Asia-Pacific Lavender Essential Oil Sales by Countries (2017-2027)

7.5.4.  Asia-Pacific Lavender Essential Oil Revenue (Million USD) by Countries (2017-2027)

7.5.5.  China

7.5.5.1.    China Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.5.2.    China Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.  Japan

7.5.6.1.    Japan Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.6.2.    Japan Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.7.2.    Korea Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  India

7.5.8.1.    India Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.8.2.    India Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.9.2.    Southeast Asia Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.5.10.2. Rest of Asia-Pacific Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.       South America

7.6.1.  South America Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.6.2.  South America Lavender Essential Oil Revenue and Growth Rate (2017-2027)

7.6.3.  South America Lavender Essential Oil Sales by Countries (2017-2027)

7.6.4.  South America Lavender Essential Oil Revenue (Million USD) by Countries (2017-2027)

7.6.5.  Brazil

7.6.5.1.    Brazil Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.6.5.2.    Brazil Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Argentina

7.6.6.1.    Argentina Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.6.6.2.    Argentina Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Columbia

7.6.7.1.    Columbia Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.6.7.2.    Columbia Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.6.8.2.    Rest of South America Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Lavender Essential Oil Revenue and Growth Rate (2017-2027)

7.7.3.  Middle East and Africa Lavender Essential Oil Sales by Countries (2017-2027)

7.7.4.  Middle East and Africa Lavender Essential Oil Revenue (Million USD) by Countries (2017-2027)

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.5.2.    Saudi Arabia Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.6.2.    United Arab Emirates Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7.  Egypt

7.7.7.1.    Egypt Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.7.2.    Egypt Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.8.2.    Nigeria Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  South Africa

7.7.9.1.    South Africa Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.9.2.    South Africa Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.10.      Rest of Middle East and Africa

7.7.10.1. Rest of Middle East and Africa Lavender Essential Oil Sales and Growth Rate (2017-2027)

7.7.10.2. Rest of Middle East and Africa Lavender Essential Oil Revenue (Millions USD) and Growth Rate (2017-2027)

8.       Company Profiles

8.1.       doTERRA International, LLC

8.1.1.  Business Overview

8.1.2.  Product Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       Rocky Mountain Soap Co

8.2.1.  Business Overview

8.2.2.  Product Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       International Flavours & Fragrances Inc.

8.3.1.  Business Overview

8.3.2.  Product Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       China Flavors and Fragrances Company Limited

8.4.1.  Business Overview

8.4.2.  Product Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Takasago International corporation

8.5.1.  Business Overview

8.5.2.  Product Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       Young living essential oils LC

8.6.1.  Business Overview

8.6.2.  Product Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.        Firmenich S A

8.7.1.  Business Overview

8.7.2.  Product Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Symrise AG

8.8.1.  Business Overview

8.8.2.  Product Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       Givaudan SA

8.9.1.  Business Overview

8.9.2.  Product Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

8.10.    Aromaland Inc.

8.10.1.      Business Overview

8.10.2.      Product Portfolio

8.10.3.      Strategic Developments

8.10.4.      Sales, Revenue and Market Share

9.       Global Lavender Essential Oil Market Competition, by Manufacturer

9.1.       Global Lavender Essential Oil Sales and Market Share by Manufacturer (2017-2017)

9.2.       Global Lavender Essential Oil Revenue and Market Share by Manufacturer (2017-2017)

9.3.       Global Lavender Essential Oil Price by Manufacturer (2017-2017)

9.4.       Top 5 Lavender Essential Oil Manufacturer Market Share

9.5.       Market Competition Trend

10.   Lavender Essential Oil Market Forecast (2027-2023)

10.1.    Global Lavender Essential Oil Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

10.2.    Lavender Essential Oil Market Forecast by Regions (2027-2023)

10.2.1.      North America Lavender Essential Oil Market Forecast (2027-2023)

10.2.1.1. United States Lavender Essential Oil Market Forecast (2027-2023)

10.2.1.2. Canada Lavender Essential Oil Market Forecast (2027-2023)

10.2.1.3. Mexico Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.      Europe Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.1. Germany Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.2. United Kingdom Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.3. France Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.4. Russia Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.5. Italy Lavender Essential Oil Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.1. China Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.2. Japan Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.3. Korea Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.4. India Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Lavender Essential Oil Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Lavender Essential Oil Market Forecast (2027-2023)

10.2.4.      South America Lavender Essential Oil Market Forecast (2027-2023)

10.2.4.1. Brazil Lavender Essential Oil Market Forecast (2027-2023)

10.2.4.2. Argentina Lavender Essential Oil Market Forecast (2027-2023)

10.2.4.3. Columbia Lavender Essential Oil Market Forecast (2027-2023)

10.2.4.4. Rest of South America Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.2. UAE Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.3. Egypt Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.4. Nigeria Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.5. South Africa Lavender Essential Oil Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Lavender Essential Oil Market Forecast (2027-2023)

10.3.    Lavender Essential Oil Market Forecast by Form (2027-2023)

10.3.1.      Global Lavender Essential Oil Sales Forecast by Form (2027-2023)

10.3.2.      Global Lavender Essential Oil Sales Market Share Forecast by Form (2027-2023)

10.4.    Lavender Essential Oil Market Forecast by Application (2027-2023)

10.4.1.      Global Lavender Essential Oil Sales Forecast by Application (2027-2023)

10.4.2.      Global Lavender Essential Oil Sales Market Share Forecast by Application (2027-2023)


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Lavender Essential Oil Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country