Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1405802
PUBLISHER: Grand View Research | PRODUCT CODE: 1405802
North America Essential Oils Market Size, Share & Trends Analysis Report By Product (Orange, Cornmint, Eucalyptus), By Application (Medical, Food & Beverages), By Sales Channel, By Country, And Segment Forecasts, 2024 - 2030
PUBLISHED:
PAGES: 116 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
North America Essential Oils Market Growth & Trends:
The North America essential oils market size is expected to reach USD 15.70 billion by 2030 and is anticipated to grow at a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the rising utilization of the product from numerous end-use industries such as food & beverages, cosmetics, pharmaceuticals, and cleaning, among others.
Essential oils compatibility with various substances like glucose, starch, fats, oils, acids, and non-ionic emulsifiers further drives market growth. The increasing demand for naturally derived oils and the growing popularity of aromatherapy are positively influencing the market. Consumer education plays a crucial role, as greater awareness of essential oil applications and usage leads to increased sales.
Flavors and fragrances provide lasting sensory impressions, often determined by taste and smell chemicals when subtly applied via food, beverage, medical products, and other substances. These products enhance the overall appeal and aesthetic value of consumer goods. Flavors and fragrances are mostly prepared using volatile chemicals and essential oils to deliver a specific flavor or enhance existing flavors. Food flavors can be categorized as natural and synthetic. Increasing consumer demand for fresh and natural products has contributed to exponential segment growth.
On the other hand, stringent federal regulations regarding farming and cultivation as well as environmental impact of these operations have restricted excess farming activities and decreased the supply of crops for essential oils production. Raw materials are required for these derived fragrances and these oils are highly susceptible to political upheaval, changing agricultural practices, disease outbreaks, and natural disasters. Numerous popular oils including lavender, ylang-ylang, rose, iris, jasmine, sandalwood, vanilla, or vetiver cannot be synthesized unnaturally in laboratories and need to be sourced from actual plant matter.
North America Essential Oils Market Report Highlights:
- In terms of product, Davana emerged as the fastest-growing segment with a CAGR of 20.6% from 2024 to 2030 due to its extensive utilization in producing flavoring agents and natural perfumes. In addition, the antiviral, stimulant, nervine, and antiseptic properties of the oil make it suitable for use in various medical applications
- Based on application, the food & beverages segment emerged as the fastest-growing segment with the fastest CAGR of 8.1% from 2024 to 2030. This is attributed to the ascending demand for safe, natural, and less processed food products across the region rose and is the major factor driving the application scope of essential oil & floral extracts in food & beverage applications
- In terms of sales channel, direct selling emerges as the fastest sales channel with the highest CAGR of 8.3% from 2024 to 2030, as many essential oil companies have moved to open their own websites and e-commerce platforms allowing for a convenient and efficient shopping experience
- The U.S. witnessed the fastest CAGR and is expected to emerge as the fastest-growing country in the North America region, with a CAGR of 8.1% from 2024 to 2030. Growing product application scope coupled with the expansion of key end-use industries is projected to provide significant growth potential for market in the U.S. over the forecast period
Product Code: GVR-4-68040-162-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.4. Information Analysis
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.6.1. Research scope and assumptions
- 1.6.2. List of data source
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. North America Essential Oils: Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook: Global essential oils market
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales channel analysis
- 3.2.1.1. Significance of B2B sales in essential oils
- 3.2.1.2. Significance of retailing in essential oils
- 3.2.1.3. Analysis of accessories market
- 3.2.1. Sales channel analysis
- 3.3. Vendor Landscape
- 3.3.1. List of potential end-users
- 3.4. Regulatory Framework
- 3.4.1. Certification of essential oils
- 3.4.2. Aromatherapy
- 3.4.3. Cosmetics guidance and regulation
- 3.4.4. Cosmetic labelling guide
- 3.5. Price Trends Analysis, 2018 - 2030 (USD/Kg)
- 3.5.1. Factors influencing prices
- 3.6. Impact of COVID-19 Pandemic
- 3.7. Impact of European Geopolitical Conflict
- 3.8. Market Dynamics
- 3.8.1. Market driver analysis
- 3.8.2. Market restraint analysis
- 3.8.3. Industry challenges
- 3.8.4. Industry opportunities
- 3.9. Industry Analysis Tools
- 3.9.1. PORTER'S analysis
- 3.9.2. Macroeconomics analysis - PESTLE analysis
Chapter 4. North America Essential Oils Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.1.1. North America essential oils market estimates & forecast, for top products, 2018 - 2030 (Tons)
- 4.1.2. North America essential oils market estimates & forecast, for top products, 2018 - 2030 (USD Million)
- 4.1.3. Cedarwood
- 4.1.4. Commit
- 4.1.5. Eucalptus
- 4.1.6. Lemon
- 4.1.7. Orange
- 4.1.8. Acorus calamus oil
- 4.1.9. Ajowan oil
- 4.1.10. Basil oil
- 4.1.11. Black pepper oil
- 4.1.12. Cardamom oil
- 4.1.13. Carrot seed oil
- 4.1.14. Cassia oil
- 4.1.15. Celery oil
- 4.1.16. Cinnamon oil
- 4.1.17. Ciz-3 hexanol
- 4.1.18. Clove oil
- 4.1.19. Cumin seed oil
- 4.1.20. Curry leaf oil
- 4.1.21. Cypriol
- 4.1.22. Davana oil
- 4.1.23. Dili seed
- 4.1.24. DMO oil
- 4.1.25. Fennel oil
- 4.1.26. Frankincense oil
- 4.1.27. Garlic oil
- 4.1.28. Ginger oil
- 4.1.29. Holy basil oil
- 4.1.30. Juniper berry oil
- 4.1.31. Lemon oil
- 4.1.32. Lemongrass oil
- 4.1.33. Lime oil
- 4.1.34. Mace oil
- 4.1.35. Mustard oil
- 4.1.36. Neem oil
- 4.1.37. Nutmeg oil
- 4.1.38. Orange oil
- 4.1.39. Palmarosa oil
- 4.1.40. Peppermint oil
- 4.1.41. Rosemary oil
- 4.1.42. Spearmint oil
- 4.1.43. Tea tree oil
- 4.1.44. Turmeric oil
- 4.1.45. Vetiver
Chapter 5. North America Essential Oils Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.1.1. Medical
- 5.1.2. Food & beverage
- 5.1.3. Spa & relaxation
- 5.1.4. Cleaning & home
Chapter 6. North America Essential Oils Market: Sales Channel Estimates & Trend Analysis
- 6.1. Sales Channel Movement Analysis & Market Share, 2023 & 2030
- 6.1.1. Direct selling
- 6.1.2. Indirect selling
Chapter 7. North America Essential Oils Market: Regional Estimates & Trend Analysis
- 7.1. North America Essential Oils Market: Regional Outlook
- 7.2. North America
- 7.2.1. North America essential oils market estimates & forecast, 2018 - 2030 (Tons, USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. essential oils market estimates & forecast, 2018 - 2030 (Tons, USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada essential oils market estimates & forecast, 2018 - 2030 (Tons, USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico essential oils market estimates & forecast, 2018 - 2030 (Tons, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Their Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map: Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & acquisition
- 8.5.3. New product launches
- 8.5.4. Research & development
- 8.6. Company Listing (Business, Overview, Financial Performance, Product Benchmarking)
- 8.6.1. Takasago International Corporation
- 8.6.2. Symrise
- 8.6.3. MANE
- 8.6.4. Firmenich SA
- 8.6.5. Synthite Industries Ltd.
- 8.6.6. ROBERTET Group
- 8.6.7. International Flavors & Fragrances Inc.
- 8.6.8. Givaudan
- 8.6.9. Falcon
- 8.6.10. Norex Flavours Private Limited
- 8.6.11. VedaOils
- 8.6.12. MOKSHA LIFESTYLE PRODUCTS
- 8.6.13. Vidya Herbs Pvt. Ltd.
Product Code: GVR-4-68040-162-3
List of Tables
- Table 1 List of Potential End-Users
- Table 2 End-users for Ajowan essential oil
- Table 3 End-users/importers of basil essential oil
- Table 4 Major essential oils and their food & beverage applications
- Table 5 U.S. macro-economic outlay
- Table 6 Canada macro-economic outlay
- Table 7 Mexico macro-economic outlay
- Table 8 Participant's Overview
- Table 9 Financial Performance
- Table 10 Product Benchmarking
- Table 11 Recent Developments & Their Impact Analysis, by Key Market Participants
- Table 12 Company Heat Map Analysis
- Table 13 Key Companies undergoing expansions.
- Table 14 Key Companies involved in M&As
- Table 15 Key Companies launching new products.
- Table 16 Key Companies undertaking R&D activities.
List of Figures
- Fig. 1 Essential Oils Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Essential Oils Market Snapshot
- Fig. 7 Essential Oils Market Segment Snapshot
- Fig. 8 Essential Oils Market Competitive Landscape Snapshot
- Fig. 9 Global & North America Essential Oils, 2023 (USD Billion)
- Fig. 10 North America Essential Oils Market - Value Chain Analysis
- Fig. 11 Essential Oils Market: Price Trend Analysis, 2018 - 2030 (USD/kg)
- Fig. 12 North America Essential Oils Market Dynamics
- Fig. 13 North America Personal Care & Cosmetics Market Growth (%), 2013 - 2022
- Fig. 14 North America Flavors & Fragrances Market, 2018 - 2030 (USD Million)
- Fig. 15 North America Essential Oils Market: PORTER's Analysis
- Fig. 16 North America Essential Oils Market: PESTLE Analysis
- Fig. 17 North America Essential Oils Market Estimates & Forecasts, by Product: Key Takeaways
- Fig. 18 North America Essential Oils Market Share, By Product, 2023 & 2030
- Fig. 19 North America Essential Oils Market Estimates & Forecasts, For Top Products 2018 - 2030 (Tons)
- Fig. 20 North America Essential Oils Market Estimates & Forecasts, For Top Products 2018 - 2030 (USD Million)
- Fig. 21 North America Essential Oils Market Estimates & Forecasts, by Application: Key Takeaways
- Fig. 22 North America Essential Oils Market Share, By Applications, 2023 & 2030
- Fig. 23 North America Medical Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 24 North America Food & Beverage Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 25 North America Spa & Relaxation Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 26 North America Cleaning & Home Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 27 North America Essential Oils Market Estimates & Forecasts, by Sales Channel: Key Takeaways
- Fig. 28 North America Essential Oils Market Share, By Sales Channel, 2023 & 2030
- Fig. 29 North America Direct Selling Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 30 North America Indirect Selling Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 31 North America Essential Oils Market Revenue, by Region, 2023 & 2030 (Tons) (USD Million)
- Fig. 32 North America Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 33 U.S. Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
- Fig. 34 Canada Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Tons) (USD Million)
- Fig. 35 Mexico Essential Oils Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (Tons) (USD Million)
- Fig. 36 Key Company/Competition Categorization
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.