The North American essential oil market is estimated to grow at a CAGR of 8.07% during the forecast period. The introduction of government initiatives, surging aromatherapy and pharmaceutical segments, the demand for ’green solution,’ increasing consumer demands and awareness, adoption of natural products over synthetic are the factors estimated to contribute in the growth of the North American essential oils market.
The North American essential oils market is assessed on the basis of two countries, namely the United States and Canada. The demands from the US has a significant share in the global essential oil market, which is the result of increasing adoption of preventive healthcare method. The essential oils industries are governed by regulatory agencies, and there is increasing demand for personal care products made from natural ingredients, all of which drive the growth of the essential oils market. Supportive government regulations have led to the emergence of new companies in the market.
Farotti Essenze S.R.L, Falcon Essential Oils, Essential Oils Of New Zealand Ltd, D?terra International Llc., Rocky Mountain Essential Oils, Ungerer Limited, Biolandes, H.Reynaud & Fils are some of the major companies operating in the market.