Essential Oils Market to Reach USD 15 Billion by 2026

Essential Oils Market to Reach USD 15 Billion by 2026

The Essential Oils Market is Segmented by Product Type (Orange, Eucalyptus, Cornmint, Peppermint, Citronella, Lemon, Lime, Clove, Spearmint, and Others), Application (Food and Beverages, Medical, Cleaning and Home, Spa and Relaxation and Others) and Distribution Channel (Direct Distribution, MLM Distribution and Retail Distribution). The report covers global opportunity analysis and industry forecast 2026. It is published on Valuates Reports in the Food & Drink Category.

The Essential Oils Market size was valued at USD 8,008.6 Million in 2018 and is expected to grow at a CAGR of 8.7% to reach USD 15,618.8 Million in 2026.

Major factors driving the growth of essential oils market size are: Usage of essential oils in various applications such as flavor & fragrance, aromatherapies, and others. Healing benefits of essential oil are expected to be instrumental in governing peak sales paving the way for essential oils market growth. Wide-scale adoption of essential oils in industrial, commercial, and household applications also drive the global market.

TRENDS INFLUENCING THE GROWTH OF ESSENTIAL OILS MARKET SIZE

An increase in demand for aromatherapy is expected to drive the growth of the essential oil market. Aromatherapy is the practice of using essential oils for therapeutic and cosmetic purposes. The surge in demand for aromatherapy can be ascribed to a number of causes, the most prominent of which is the general increase in income over the last decade. Consumer tastes and preferences have changed toward more complex products as earnings have increased.

Essential oils have become a critical ingredient of choice for food processors as the global food and beverage industry undergoes a gradual but major transformation in terms of ingredient compositions, owing to the growing customer preference for natural and organic products.

As consumer awareness about the harmful health effects of synthetic chemicals used for flavor applications grows, manufacturers are encouraged to use natural ingredients such as essential oils to improve the aesthetic appeal of food products while also improving the nutritional and functional properties. This in turn is expected to drive the growth of the essential oil market.

Regulations encouraging the use of ecologically friendly substances in cosmetics and the food and beverage industries have piqued people's interest in seeking out natural products. The demand for 100 percent plant-based oils that are free of synthetic scents and animal-derived components has skyrocketed in recent years. As a result, the vast majority of people are turning to organic products to improve their health. This is further expected to increase the essential oil market size.

Based on application, the food & beverage category was the most significant segment in the essential oils market. This is due to government rules governing food safety and limiting the use of synthetic tastes and essences in food products. The widespread use of essential oils as a natural element in food preparation is a major driving force.

Based on region, North America was the dominant regional market growing at a CAGR of 8.4% from 2019-2026. This is due to a growth in the use of essential oils in medications and food and beverage products. Asia-Pacific, on the other hand, is predicted to develop at the fastest CAGR during the projection period. The strong growth rate in this segment can be due to the wide range of essential oil applications as well as the large consumer base in the region. Photo appreciation and credit to formulatehealth.com

EverCommerce Acquisition of Timely Software for Beauty Industries

EverCommerce Acquisition of Timely Software for Beauty Industries

EverCommerce (Nasdaq: EVCM) ("EverCommerce" or the "Company"), a leading service commerce platform, announced today that it completed the acquisition of Timely, a global appointment booking and business management software company used by spas and salons across the United Kingdom, Australia and New Zealand. Timely joins the EverCommerce suite of integrated SaaS solutions across business management, marketing, customer engagement, and billing and payments.

Timely offers simple, affordable, and reliable appointment booking and business management software for small salon and beauty businesses. Founded in 2011, Timely has grown to include 50,000 beauty professionals across 90 countries who use the cloud-based software to book more than 30 million appointments per year.

Timely joins the EverCommerce Fitness and Wellness portfolio that delivers tailored, integrated, and convenient experiences for its customers, while providing specialized functionality for business owners. EverCommerce drives streamlined day-to-day business operations, improved marketing effectiveness, and modernized engagement with customers. With this acquisition, EverCommerce will expand its product offerings and market reach in the salon and spa industry to the United Kingdom, Australia, and New Zealand markets.

About EverCommerce

EverCommerce is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 500,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. Specializing in Home & Field Services, Health Services, and Fitness & Wellness industries, EverCommerce solutions include end-to-end business management software, integrated payment acceptance, marketing technology, and customer engagement applications. Learn more at EverCommerce.com.

About Timely

Founded in 2011, Timely offers simple, affordable, and reliable appointment software for small businesses in the beauty industry. Customers get innovative business management software, award-winning customer support, education from the biggest industry names globally and peer support. Today, Timely serves more than 50,000 service professionals in 90 countries who use the cloud-based platform to book over 30 million appointments a year. For more information on Timely, check out gettimely.com.

Jasmine Sanders Workout Program with Tone It Up

Jasmine Sanders Workout Program with Tone It Up

Jasmine Sanders Debuts First-Ever Workout Program with Community-Driven Fitness and Wellness Brand Tone It Up. "The Best by Jasmine Sanders" program features the Sports Illustrated Swimsuit cover model's favorite workouts, available through the Tone It Up App.

Tone It Up, the for-women by-women fitness app, nutrition line, & community, launched a new, immersive workout program today featuring globally-recognized model, fitness lover, former athlete, and longtime TIU member, Jasmine Sanders (@goldenbarbie). Available exclusively in the Tone It Up app, "The Best by Jasmine Sanders" is her first-ever workout program.

The four-week transformative program is designed to help women of all fitness levels reach their ultimate potential. "The Best" features Jasmine's all-time favorite workouts, including strength training, cardio, HIIT and weekly meditations, meant to do at home in 40 minutes or less.

"I've always wanted to give the best version of myself physically, emotionally, and spiritually," says Sanders. "I want everyone who joins my program to know being your best isn't just a number on a scale, but it's how you feel about yourself. When you take the time out of your day to do a workout, you're doing something that benefits you, and will only make you feel your best. Once you feel better inside, better things happen on the outside."

Growing up an athlete, Jasmine developed an extraordinary love for working out at a young age and has always dreamed of sharing her passion for fitness with as many people as possible. Jasmine's vision was to create a wellness program where women could become the best, most empowered versions of themselves. This passion drew her to fellow Sports Illustrated Swimsuit model Katrina Scott and Tone It Up, whose community-driven mission of female empowerment made the brand a natural fit for her.

"After meeting Jasmine I immediately knew she would be a perfect partner for Tone It Up, she has this infectious energy and is always encouraging her own audience to move and feel their best - we knew we had to make this happen for our community," says Tone It Up Co-Founder Katrina Scott. "We couldn't be more excited that Jasmine wanted to bring her first-ever workout program to Tone It Up and be our first-ever celeb program partner."

"Beyond the physical, Jasmine's program also prioritizes mental wellness, so she and I teamed up to bring our Tone It Up ladies an exclusive meditation," says Tone It Up Co-Founder Karena Dawn. "Jasmine's been part of the community for quite some time now, and I'm so excited for everyone to finally meet her. She's an absolute fitness powerhouse - Katrina and I couldn't have asked for a better partner."

"The Best by Jasmine Sanders" is available exclusively on the TIU app (starting at $8.33/month). The TIU app membership includes access to 12+ fitness programs, including favorites like 7 Day Jumpstart, 30 Day Booty, Tone It Up Pregnancy, as well as 550+ on-demand workout videos and a library of healthy recipes, meal plans, and nutrition tips.

Founded in 2009 by Katrina Scott and Karena Dawn, Tone It Up is a leading fitness and wellness community for women, by women. Empowering women to live their healthiest, happiest, and most confident lives, Tone It Up offers an extensive selection of workouts through the TIU app, clean nutrition products, and a community platform for women to set and achieve their goals. The TIU app membership starts at $8.33 a month and is available on Apple or Android devices. Membership includes access to 16+ fitness programs, including favorites like 7 Day Jumpstart, 30 Day Booty, Tone It Up Pregnancy, as well as 550+ on-demand workout videos and a library of healthy recipes, meal plans, and nutrition tips. Tone It Up Nutrition includes plant-based protein powders and shakes, vitamins, workout equipment and more, available on ToneItUp.com, Amazon and at select natural and conventional grocers nationwide, including Target, CVS, Kroger and its affiliates, The Vitamin Shoppe, HEB and more.

Elements Of Nature Wellness

Elements Of Nature Wellness

Ahead of Global Wellness Day on June 12, Fairmont Mayakoba is excited to announce a special package inspired by the four elements of nature – fire, water, air and earth. Fairmont Mayakoba's Four Elements Retreat offers guests a powerful retreat to reconnect with nature and leave feeling rested, recharged and renewed.

Day 1 | Earth: The first day focuses on reconnecting with the earth and one's own center. The day begins with a fitness consultation. Guests are then invited to fuel up with a refreshing breakfast at La Laguna. From there, guests will enjoy a reflexology spa treatment on the beach, followed by a catamaran sail on the breathtaking Caribbean Sea.

Day 2 | Air: Centered on the element of air, the day begins with breathwork through sunrise yoga on the beach. Next, participants are invited to a spa treatment, such as the Copal Mayan Purification, featuring natural herbs, ancient Mayan clay, and a relaxing massage. The day ends with a Bootcamp workout, featuring a mix of strength training and aerobic components.

Day 3 | Fire: Light your inner fire by starting your day with a sunrise yoga session, followed by free time at the beach to fill your mind, body and soul with new energy. That evening, enjoy a chef-guided, healthy cooking class at El Pueblito.

Day 4 | Water: The final day of activities begins along the water with a beachfront yoga session. Like previous days, participants can fuel up throughout the day at the various restaurants on property, enjoying refreshing snacks and meals. To end the trip, guests can join the property's efforts to restore the Mesoamerican Reef, the second-largest reef in the world, through the Coral Reef Restoration Program. Along with Oceanus, Fairmont Mayakoba grows rescued corals back to the ocean. Enjoy a behind-the-scenes look at how we grow and harvest precious Acropora Palmata coral to be transplanted into the Mesoamerican Reef.

Fairmont Mayakoba's Wellness Package starts at $330 (USD) per night. Visitors can book this experience now through June 30, 2021 to redeem through December 31, 2021.

About Fairmont Mayakoba, Riviera Maya

Nestled in the heart of Riviera Maya, Mexico, the 401-room Fairmont Mayakoba is a AAA FiveDiamond resort set on 45 acres within a private, luxury community. Surrounded by a lush mangrove forest intersected by water canals, the property offers over 46,000 sq. ft. of indoor and outdoor meeting space, an energizing Willow Stream spa featuring 20 treatment rooms and El Camaleón Golf Course, host to the only official PGA TOUR event in Mexico. A dedication to a green philosophy has earned Fairmont Mayakoba the Rainforest Alliance Verification among other eco-accolades.