Essential Oils Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
The global essential oils market was estimated to be US$ 22.17 Billion in 2022 and is expected to reach US$ 48.25 Billion by 2032 at a CAGR of 8.1%.
Essential oils are also known as volatile oils/aetherolea/ethereal oils and it is derived from stems, flowers, leaves, roots, bark and other plant parts. Essential oil is found from various herbs and plants, such as eucalyptus, corn mint, orange, citronella, lemon, peppermint, lime clover leaf, and spearmint by distillation methods such as water and steam distillation. An essential oil consists of volatile aroma compounds and real essence of the plant from, which it is obtained.
Essential oils are chiefly used in cosmetics & toiletries, food items and beverages. Essential oils are extracted from resin tapping, careful steam distillation and cold pressing, which is regarded as purest essential oil and more powerful that botanicals from, which it is obtained.
Essential Oils Market Growth Drivers
The key factor driving growth of global essential oils market is the rising consumer preference for natural and organic products in cosmetics, food or similar other product groups. This has resulted and further boosted manufacturers operating in essential oils industries to manufacture products that consists of natural additives. Moreover, rising disposable income and enhancement in standards of living of people are considered as driving factor of essential oils market.
Government support and promising regulations are expected to offer profitable opportunities for market growth. Rapid industrialization in developing countries such as India, China, Thailand and Vietnam is also a factor driving market growth worldwide.
Segmentation of Essential Oils Market
The global essential oils market has been segmented based on product type, method of extraction, application and geography. Based on product type, the global essential oils market has been segmented into orange oil, lemon oil, lime oil, peppermint oil, corn mint oil, citronella oil, spearmint oil, geranium oil, clove leaf oil, eucalyptus oil, jasmine oil, rosemary oil, tea tree oil, lavender oil and others. Based on extraction method, the global essential oils market has been segmented into distillation, carbon dioxide extraction, cold press extraction, solvent extraction and other extraction method. By application, the market has been segmented into food & beverages, cosmetics & toiletries, aromatherapy, home care, health care and others.
Among various product type, orange oil accounted for major share in the global essential oils market in 2017 and this segment is further expected to remain dominant in the near future. Orange oil is followed by corn mint oil among various product types in the global market. Food & beverage application segment conquered market accounting for over 34% of market share.
Increasing demand for high nutrition diet coupled with advantageous government initiatives for encouraging industrialization in emerging economies across the globe is expected to impact food & beverage industry positively.
Regional Trends of the Global Essential Oils Market
Based on geography, the global essential oils market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America comprises U.S., Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report.
Asia Pacific accounted as the fastest growing region in the global essential oils market and is further anticipated to maintain its leading position owing to the growing awareness regarding product, which are derived from natural sources. Europe region witnessed a steady growth in the global essential oils market, which is followed by North America. Europe is projected to hold the prominent market share, owing to increasing awareness and mounting demand for medicines, natural cosmetics and beauty products, and nutraceuticals.
The global essential oils market is concentrated with leading manufacturers such as Cargill, Incorporated, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Doterra International LLC., Givaudan SA, Firmenich SA, Young Living Essential Oils, Sensient Technologies Corporation, The Lebermuth Company, Inc., International Flavors & Fragrances Inc., Symrise, Frutarom Industries Ltd., Mane, Robertet SA and Rocky Mountain Oils LLC.
Global Essential Oils Market Segmentation:
By Product Type
- Orange Oil
- Lemon Oil
- Lime Oil
- Peppermint Oil
- Corn Mint Oil
- Citronella Oil
- Spearmint Oil
- Geranium Oil
- Clove Leaf Oil
- Eucalyptus Oil
- Jasmine Oil
- Rosemary Oil
- Tea Tree Oil
- Lavender Oil
- Others
By Method Of Extraction
- Distillation
- Carbon Dioxide Extraction
- Cold Press Extraction
- Solvent Extraction
- Other Extraction Method
By Application
- Food & Beverages
- Cosmetics & Toiletries
- Aromatherapy
- Home Care
- Health Care
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Essential Oils Market
- Global Essential Oils Market Qualitative Analysis
- Ecosystem Analysis
- Role of participants
- Integration scenario
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19
- Ecosystem Analysis
- Global Essential Oils Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Essential Oils Market Estimates (US$ Mn and Kiloton), by Product Type, 2019 – 2032
- Orange Oil
- Lemon Oil
- Patchouli Oil
- Spearmint Oil
- Clove Oil
- Cedarwood Oil
- Eucalyptus Oil
- Lemongrass Oil
- Clove Oil
- Lavender Oil
- Geranium Oil
- Mint Oil
- Others
- Global Essential Oils Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Essential Oils Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Food, Beverages & Tobacco
- Aromatherapy
- Perfumes & Cosmetics
- Household & Personal Care
- Pharmaceuticals
- Rubber
- Plastics
- Textiles & Adhesives
- Others
- Global Essential Oils Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Essential Oils Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Essential Oils Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Essential Oils Market Estimates (US$ Mn and Kiloton), by Product Type, 2019 – 2032
- Orange Oil
- Lemon Oil
- Patchouli Oil
- Spearmint Oil
- Clove Oil
- Cedarwood Oil
- Eucalyptus Oil
- Lemongrass Oil
- Clove Oil
- Lavender Oil
- Geranium Oil
- Mint Oil
- Others
- North America Essential Oils Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Food, Beverages & Tobacco
- Aromatherapy
- Perfumes & Cosmetics
- Household & Personal Care
- Pharmaceuticals
- Rubber
- Plastics
- Textiles & Adhesives
- Others
- North America Essential Oils Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Essential Oils Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Essential Oils Market Estimates (US$ Mn and Kiloton), by Product Type, 2019 – 2032
- Orange Oil
- Lemon Oil
- Patchouli Oil
- Spearmint Oil
- Clove Oil
- Cedarwood Oil
- Eucalyptus Oil
- Lemongrass Oil
- Clove Oil
- Lavender Oil
- Geranium Oil
- Mint Oil
- Others
- Europe Essential Oils Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Food, Beverages & Tobacco
- Aromatherapy
- Perfumes & Cosmetics
- Household & Personal Care
- Pharmaceuticals
- Rubber
- Plastics
- Textiles & Adhesives
- Others
- Europe Essential Oils Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- The Netherlands
- Italy
- France
- Belgium
- Rest of Europe
- Asia Pacific Essential Oils Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- AsiaPacific Essential Oils Market Estimates (US$ Mn and Kiloton), by Product Type, 2019 – 2032
- Orange Oil
- Lemon Oil
- Patchouli Oil
- Spearmint Oil
- Clove Oil
- Cedarwood Oil
- Eucalyptus Oil
- Lemongrass Oil
- Clove Oil
- Lavender Oil
- Geranium Oil
- Mint Oil
- Others
- Asia Pacific Essential Oils Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Food, Beverages & Tobacco
- Aromatherapy
- Perfumes & Cosmetics
- Household & Personal Care
- Pharmaceuticals
- Rubber
- Plastics
- Textiles & Adhesives
- Others
- Asia Pacific Essential Oils Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Indonesia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa Essential Oils Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Essential Oils Market Estimates (US$ Mn and Kiloton), by Product Type, 2019 – 2032
- Orange Oil
- Lemon Oil
- Patchouli Oil
- Spearmint Oil
- Clove Oil
- Cedarwood Oil
- Eucalyptus Oil
- Lemongrass Oil
- Clove Oil
- Lavender Oil
- Geranium Oil
- Mint Oil
- Others
- Middle East & Africa Essential Oils Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Food, Beverages & Tobacco
- Aromatherapy
- Perfumes & Cosmetics
- Household & Personal Care
- Pharmaceuticals
- Rubber
- Plastics
- Textiles & Adhesives
- Others
- Middle East & Africa Essential Oils Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Madagascar
- South Africa
- Rest of Middle East
- South America Essential Oils Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Essential Oils Market Estimates (US$ Mn and Kiloton), by Product Type, 2019 – 2032
- Orange Oil
- Lemon Oil
- Patchouli Oil
- Spearmint Oil
- Clove Oil
- Cedarwood Oil
- Eucalyptus Oil
- Lemongrass Oil
- Clove Oil
- Lavender Oil
- Geranium Oil
- Mint Oil
- Others
- South America Essential Oils Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Food, Beverages & Tobacco
- Aromatherapy
- Perfumes & Cosmetics
- Household & Personal Care
- Pharmaceuticals
- Rubber
- Plastics
- Textiles & Adhesives
- Others
- South America Essential Oils Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Essential Oils Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Robertet
- Business overview
- Geographic presence
- Product Portfolio
- Financial facts
- Channel partners
- Relevant news and strategic view
- Biolandes
- Sydney Essential Oils
- DoTerra
- Symrise
- Firmnich
- Frutarom
- Flacon
- Givaudan SA
- Lebermuth, Inc.
- Fakhry & Co.
- Food Base Kft
- Robertet
- Conclusion & Recommendations
Frequently asked questions about this report
How much is the essential oils market worth?
The essential oils market is expected to reach US$ 48.25 Billion by 2032.
What is the growth rate of the essential oils market?
The essential oils market is expected grow at a CAGR of 8.1% between 2023 to 2032.
What was the size of the global essential oils market in 2022?
The essential oils market was estimated to be US$ 22.17 Billion in 2022.
Who are the key players in essential oils market?
Cargill, Incorporated, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Doterra International LLC., Givaudan SA, Firmenich SA, Young Living Essential Oils, Sensient Technologies Corporation, The Lebermuth Company, Inc., International Flavors & Fragrances Inc., Symrise, Frutarom Industries Ltd., Mane, Robertet SA and Rocky Mountain Oils LLC among others, are the major players in the essential oils market.
What are the major driving factors and opportunities in the essential oils market?
The key factor driving growth of global essential oils market is the rising consumer preference for natural and organic products in cosmetics, food or similar other product groups.
What is the time duration considered while assessing the market?
The essential oils analysis market has been assessed for the years 2019 to 2032.