Essential Oils Market Size By Product, By Application, & Forecast 2023

Description

List of Tables

Global Essential Oils Market is expected to expand exponentially through 2032, owing to the flourishing healthcare industry in the Asia Pacific region. Moreover, the growing preference for new ingredients in medicines has led to the increasing demand for essential oils in the market.

The growing use of essential oils in pharmaceutical manufacturing is expected to drive the product demand. Industry expansion is expected to be aided by shifting consumer preference for natural medicines over synthetic ones. Orange, eucalyptus, lemon, peppermint, clove, rosemary, jasmine, corn mint, geranium, citronella, and lavender oils are used to make essential oil goods. Sustainable technology is taking over synthetic products due to rising health worries, which is expected to increase demand for products in the area.

In addition, prominent industry players are vying for partnerships and acquisition opportunities to gain a competitive edge in the market. For instance, in mid-2022, Givaudan launched a comprehensive technology platform for developing fragrances with hygiene-enhancing positioning. Labelled as the SaniScent, the product is deemed to offer hygiene massage via a collection of essential oils.

The essential oils market has been divided in terms of product, application, and region.

Based on product, the peppermint oil segment is slated to grow at more than 8.5% CAGR from 2023 to 2032. An increase in the demand for natural flavoring agents as a result of increased food intake could boost product consumption. It is frequently used in scalp treatments as an antibiotic as well as an anti-inflammatory ingredient to address conditions such as the itchy scalp, dandruff, and hair loss.

With respect to application, the aromatherapy segment is estimated to grow robustly through the forecast period. Aromatherapy is used to treat a variety of illnesses, including those that affect the lungs, heart, digestion, skin, and respiratory systems as well as colds and coughs, which could propel market development. The growing use of herbal remedies to reduce reliance on chemical medications due to their adverse effects will boost product demand in this industry.

From the regional perspective, the North America essential oils market is set to capture more than USD 1.2 billion market share by 2032. A significant development in the healthcare sector has increased the demand for essential oils in anti-allergic, antispasmodic, and anti-inflammatory drug formulations, which has further accelerated market growth. Positive expansion of integrated businesses such as spas and the hospitality sector is further expected to foster regional growth.

Product Code: 2391

Chapter 1 Methodology & Scope

1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid Sources
  - 1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends

Chapter 3 Essential Oils Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2018-2032
3.3 Industry ecosystem analysis
3.4 Vendor Matrix
- 3.4.1 Distribution channel analysis
  - 3.4.1.1 Collaborations/Partnerships
  - 3.4.1.2 Distributors
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Canada
  - 3.5.2.1 Natural Health Product
- 3.5.3 Europe
3.6 Raw material analysis
- 3.6.1 Orange
- 3.6.2 Lemon
3.7 Technology landscape
- 3.7.1 Essential oil production by steam/hydro distillation process
- 3.7.2 Essential oil production by solvent extraction
- 3.7.3 Essential oil production by CO2 Extraction
- 3.7.4 Essential oil production by Maceration
3.8 Cost structure analysis, 2022
3.9 Pricing analysis
- 3.9.1 Orange oil
- 3.9.2 Lemon oil
- 3.9.3 Eucalyptus oil
- 3.9.4 Clove oil
- 3.9.5 Peppermint oil
- 3.9.6 Jasmine oil
- 3.9.7 Rosemary oil
- 3.9.8 Corn mint oil
- 3.9.9 Citronellol oil
- 3.9.10 Geranium oil
- 3.9.11 Spearmint oil
- 3.9.12 Lavender oil
- 3.9.13 Tea tree oil
- 3.9.14 Others
3.10 Industry impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 North America: Expanding aromatherapy market which is likely to have positive influence on essential oil demand
  - 3.10.1.2 Europe: Growing cosmetics manufacturing owing to rise in exports is likely to promote essential oil application in this sector
  - 3.10.1.3 Asia Pacific: Growing health sector in the region leading to increasing usage of new ingredients in medicines which may favor essential oil demand
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Health problems caused by essential oils
  - 3.10.2.2 Specified storage and transportation condition leading to procurement issues and additional cost
3.11 Innovation & Sustainability
3.12 Growth potential analysis, 2022
3.13 Emerging business model
3.14 Porter's analysis
3.15 Company market share analysis, 2022
- 3.15.1 Strategy dashboard
3.16 PESTEL analysis

Chapter 4 Competitive Landscape

4.1 Introduction
4.2 Company market share, 2022
- 4.2.1 North America company market share analysis, 2022
- 4.2.2 Europe company market share analysis, 2022
- 4.2.3 APAC company market share analysis, 2022
- 4.2.4 Latin America company market share analysis, 2022
- 4.2.5 MEA company market share analysis, 2022
4.3 Strategic Outlook Matrix
4.4 Competitive Positioning Matrix
4.5 Competitive Analysis of major market players
- 4.5.1 TATA Steel
- 4.5.2 Nippon Steel
- 4.5.3 Kingspan Group
- 4.5.4 Canam Group Inc

Chapter 5 Essential Oils Market, By Product

5.1 Key product trends
5.2 Orange oils
- 5.2.1 Global orange essential oil market, 2018-2032
- 5.2.2 Global orange essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.3 Lemon oil
- 5.3.1 Global lemon essential oil market, 2018-2032
- 5.3.2 Global lemon essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.4 Eucalyptus oil
- 5.4.1 Global eucalyptus essential oil market, 2018-2032
- 5.4.2 Global eucalyptus essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.5 Clove oil
- 5.5.1 Global clove essential oil market, 2018-2032
- 5.5.2 Global clove essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.6 Peppermint oil
- 5.6.1 Global peppermint essential oil market, 2018-2032
- 5.6.2 Global peppermint essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.7 Jasmine oil
- 5.7.1 Global jasmine essential oil market, 2018-2032
- 5.7.2 Global jasmine essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.8 Rosemary oil
- 5.8.1 Global rosemary essential oil market, 2018-2032
- 5.8.2 Global rosemary essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.9 Corn mint oil
- 5.9.1 Global corn mint essential oil market, 2018-2032
- 5.9.2 Global corn mint essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.10 Citronella oil
- 5.10.1 Global citronella essential oil market, 2018-2032
- 5.10.2 Global citronella essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.11 Geranium oil
- 5.11.1 Global geranium essential oil market, 2018-2032
- 5.11.2 Global geranium essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.12 Spearmint oil
- 5.12.1 Global spearmint essential oil market, 2018-2032
- 5.12.2 Global spearmint essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.13 Lavender oil
- 5.13.1 Global lavender essential oil market, 2018-2032
- 5.13.2 Global lavender essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.14 Tea tree oil
- 5.14.1 Global tea tree essential oil market, 2018-2032
- 5.14.2 Global tea tree oil essential oil market, by region, 2018-2032, (Kilo Tons) (USD Million)
5.15 Other
- 5.15.1 Global other essential oils market, 2018-2032
- 5.15.2 Global other essential oils market, by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 6 Essential Oils Market, By Application

6.1 Key application trends
6.2 Food & beverage
- 6.2.1 Global essential oils market from food & beverage application, 2018-2032(Kilo Tons) (USD Million)
- 6.2.2 Global essential oils market volume from food & beverage application, by region, 2018-2032, (Kilo Tons)
- 6.2.3 Global essential oils market revenue from food & beverage application, by region, 2018-2032, (Kilo Tons)
6.3 Aromatherapy
- 6.3.1 Global essential oils market from aromatherapy application, 2018-2032 (Kilo Tons) (USD Million)
- 6.3.2 Global essential oils market volume from aromatherapy application, by region, 2018-2032, (Kilo Tons)
- 6.3.3 Global essential oils market revenue from aromatherapy application, by region, 2018-2032, (USD Million)
6.4 Cosmetics
- 6.4.1 Global essential oils market from cosmetics application, 2018-2032 (Kilo Tons) (USD Million)
- 6.4.2 Global essential oils market volume from cosmetics application, by region, 2018-2032, (Kilo Tons)
- 6.4.3 Global essential oils market revenue from cosmetics application, by region, 2018-2032, (USD Million)
6.5 Pharmaceuticals
- 6.5.1 Global essential oils market from pharmaceuticals application, 2018-2032 (Kilo Tons) (USD Million)
- 6.5.2 Global essential oils market volume and revenue from pharmaceuticals application, by region, 2018-2032, (Kilo Tons) (USD Million)
6.6 Cleaning & Home care
- 6.6.1 Global essential oils market from cleaning & home care application, 2018-2032 (Kilo Tons) (USD Million)
- 6.6.2 Global essential oils market volume from cleaning & home care application, by region, 2018-2032, (Kilo Tons)
- 6.6.3 Global essential oils market revenue from cleaning & home care application, by region, 2018-2032, (USD Million)
6.7 Animal Feed
- 6.7.1 Global essential oils market from animal feed application, 2018-2032 (Kilo Tons) (USD Million)
- 6.7.2 Global essential oils market revenue from animal feed application, by region, 2018-2032, (Kilo tons)
- 6.7.3 Global essential oils market volume from animal feed application, by region, 2018-2032, (USD Million)
6.8 Fine Fragrances & Perfumes
- 6.8.1 Global essential oils market from fine fragrances & perfumes application, 2018-2032 (Kilo Tons) (USD Million)
- 6.8.2 Global essential oils market revenue from fine fragrances & perfumes application, by region, 2018-2032, (Kilo tons)
- 6.8.3 Global essential oils market volume from fine fragrances & perfumes application, by region, 2018-2032, (USD Million)
6.9 Others
- 6.9.1 Global essential oils market from other application, 2018-2032 (Kilo Tons) (USD Million)
- 6.9.2 Global essential oils market volume from other application, by region, 2018-2032, (Kilo Tons)
- 6.9.3 Global essential oils market revenue from other application, by region, 2018-2032, (USD Million)

Chapter 7 Essential Oils Market, By Region

7.1 Key regional trends
7.2 North America
- 7.2.1 North America essential oils market, 2018-2032, (Kilo Tons) (USD Million)
- 7.2.2 North America essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
- 7.2.3 North America essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.2.4 U.S.
  - 7.2.4.1 U.S. essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.2.4.2 U.S. essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.2.4.3 U.S. essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.2.5 Canada
  - 7.2.5.1 Canada essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.2.5.2 Canada essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.2.5.3 Canada essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.2.6 Mexico.
  - 7.2.6.1 Mexico. essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.2.6.2 Mexico. essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.2.6.3 Mexico. essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
7.3 Europe
- 7.3.1 Europe essential oils market, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.2 Europe essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.3 Europe essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.4 Germany
  - 7.3.4.1 Germany essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.4.2 Germany essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.4.3 Germany essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.5 UK
  - 7.3.5.1 UK essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.5.2 UK essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.5.3 UK essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.6 Italy
  - 7.3.6.1 Italy essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.6.2 Italy essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.6.3 Italy essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.7 France
  - 7.3.7.1 France essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.7.2 France essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.7.3 France essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.8 Russia
  - 7.3.8.1 Russia essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.8.2 Russia essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.8.3 Russia essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.3.9 Spain
  - 7.3.9.1 Spain essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.9.2 Spain essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.3.9.3 Spain essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
7.4 Asia Pacific
- 7.4.1 Asia Pacific essential oils market, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.2 Asia Pacific essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.3 Asia Pacific essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.4 China
  - 7.4.4.1 China essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.4.2 China essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.4.3 China essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.5 India
  - 7.4.5.1 India essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.5.2 India essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.5.3 India essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.6 Japan
  - 7.4.6.1 Japan essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.6.2 Japan essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.6.3 Japan essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.7 South Korea
  - 7.4.7.1 South Korea essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.7.2 South Korea essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.7.3 South Korea essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.8 Indonesia
  - 7.4.8.1 Indonesia essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.8.2 Indonesia essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.8.3 Indonesia essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.9 Thailand
  - 7.4.9.1 Thailand essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.9.2 Thailand essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.9.3 Thailand essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.10 Malaysia
  - 7.4.10.1 Malaysia essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.10.2 Malaysia essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.10.3 Malaysia essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.4.11 Australia
  - 7.4.11.1 Australia essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.11.2 Australia essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.4.11.3 Australia essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
7.5 Latin America (LATAM)
- 7.5.1 Latin America essential oils market, 2018-2032, (Kilo Tons) (USD Million)
- 7.5.2 Latin America essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
- 7.5.3 Latin America essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.5.4 Brazil
  - 7.5.4.1 Brazil essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.5.4.2 Brazil essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.5.4.3 Brazil essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
7.6 Middle East & Africa
- 7.6.1 Middle East & Africa essential oils market, 2018-2032, (Kilo Tons) (USD Million)
- 7.6.2 Middle East & Africa essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
- 7.6.3 Middle East & Africa essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.6.4 Saudi Arabia
  - 7.6.4.1 Saudi Arabia essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.6.4.2 Saudi Arabia essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.6.4.3 Saudi Arabia essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.6.5 UAE
  - 7.6.5.1 UAE essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.6.5.2 UAE essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.6.5.3 UAE essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)
- 7.6.6 South Africa
  - 7.6.6.1 South Africa essential oils market, 2018-2032, (Kilo Tons) (USD Million)
  - 7.6.6.2 South Africa essential oils market, by product, 2018-2032, (Kilo Tons) (USD Million)
  - 7.6.6.3 South Africa essential oils market, by application, 2018-2032, (Kilo Tons) (USD Million)

Chapter 8 Company Profiles

8.1 Firmenich International Sa
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 SWOT Analysis
- 8.1.5 Strategic Outlook
8.2 International Flavours & Fragrances Inc.
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 SWOT Analysis
8.4 Young Living
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 SWOT Analysis
- 8.4.5 Strategic Outlook
8.5 Flavex Naturextrakte
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 SWOT Analysis
- 8.5.5 Strategic Outlook
8.6 Biolandes Sa
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 SWOT Analysis
- 8.6.5 Strategic Outlook
8.7 DoTerra
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 SWOT Analysis
8.8 Frutarom Industries Ltd.
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 SWOT Analysis
- 8.8.5 Strategic Outlook
8.9 Flacon Essential oil
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 SWOT Analysis
8.10 Lebermuth Company
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 SWOT Analysis
8.11 Moksha Lifestyle
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.5 SWOT Analysis
8.12 Florihana
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 SWOT Analysis
8.13 Rocky Mountain Oils
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 SWOT Analysis
8.14 Vögele Ingredients
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 SWOT Analysis
- 8.14.5 Strategic Outlook
8.15 Synthite
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 SWOT Analysis
- 8.15.5 Strategic Outlook
8.16 Multiflora
- 8.16.1 Business Overview
- 8.16.2 Financial Data
- 8.16.3 Product Landscape
- 8.16.4 SWOT Analysis