Essential oils, also called volatile odoriferous oil, are aromatic oily liquids extracted from different parts of plants, for example, leaves, peels, barks, flowers, buds, seeds, and so on. They can be extracted from plant materials by several methods, steam distillation, expression, and so on.
Jasmine essential oil has a sweet and floral aroma. Jasmine is sought after for its powerful characteristics that aid the body as an anti-depressant, an aphrodisiac, and its confidence boosting qualities it has on the mind.
Tuberose flowers have long been used in perfumery as a source of essential oils and aroma compounds. Essential oils are highly concentrated, low volume, high value products.
Around 200 different types of essential oils are consumed all over the world annually, and the U.S. plays a major role in overall demand. The peculiar fragrances & flavors that these oils add to any end use product such as food, drinks, therapies, etc. is considered to be a key driver.
Increasing consumer disposable incomes and rapid expansion of food & beverage industries are expected to contribute to the demand for natural fragrances & flavors produced using essential oils. The major factor boosting the market growth is the increasing consumer preference for natural and organic products be it cosmetics, food or similar other product categories. As a whole it is a good project for new entrepreneurs to invest.
Few Indian major players are as under
· Concert Spices & Exports Ltd.
· Kancor Ingredients Ltd.
· Saiba Industries Pvt. Ltd.
· Sharp Mint Ltd.
· South East Agro Inds. Ltd.
· Synthite Industries Ltd.
