Market Forecast By Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest Of Asia), By Application (Food And Beverage, Cosmetic, Pharmaceutical), By Distribution Channel (Pharmacy And Drug Stores, Health And Beauty Stores, Online Retailing, Others) And Competitive Landscape
According to 6Wresearch, Asia Pacific Lavender Oil Market size is anticipated to register growth during 2021-27. China holds the highest market share in the Asia-Pacific region. In recent years, China’s lavender oil market has maintained rapid growth due to growth in domestic demand. The online presence of most of the manufacturers has proved to be beneficial as they are reaching out to a broader consumer base. Moreover, Consumers in China prefer products that have high nutritional content and offer health benefits. China is followed by India and Japan in terms of market share and they are expected to register significant growth due to the increase in purchasing power of the population. The lavender oil market in Asia-Pacific region is competitive with domestic players holding most of the market share. Some key players of the market in this region are aroma treasures, Young living essential oils, Ultra International B.V., do Terra.
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