Global Essential Oil Market 2024-2028

The essential oil market is forecasted to grow by USD 10.30 bn during 2023-2028, accelerating at a CAGR of 11.43% during the forecast period. The report on the essential oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the health benefits of essential oils, expanding applications of essential oil across various industries, and expanding retail space globally.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	10.16%
CAGR	11.43%
Incremental Value	$10.30bn

Technavio's essential oil market is segmented as below:

By Application

Food and beverages
Recreation
Perfumes and others

By Distribution Channel

Online
Offline

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the emerging innovation in the diffusion and delivery of essential oils as one of the prime reasons driving the essential oil market growth during the next few years. Also, clean labeling of essential oils and rising demand for aromatherapy will lead to sizable demand in the market.

The report on the essential oil market covers the following areas:

Essential oil market sizing
Essential oil market forecast
Essential oil market industry analysis

The robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading essential oil market vendors that include Aliver Beauty, Avi Naturals, Biolandes SAS, BMV Fragrances Pvt. Ltd., doTERRA International LLC, Eden Botanicals, Elysce, Essential Oils Co, Falcon, Natural Sourcing LLC, NHR Organic Oils, Norex Flavours Pvt. Ltd., Organic Infusions, Phoenix Aromas and Essential Oils LLC, Plant Therapy Inc., Sydney Essential Oil Co. Pty Ltd., Takasago International Corp., The Lebermuth Co. Inc., Ultra International Ltd., VedaOils, Vidya Herbs Pvt. Ltd., Young Living Essential Oils LC, Enio Bonchev Production Ltd., and Essential Oils of New Zealand Ltd. Also, the essential oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR70593

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global essential oil market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global essential oil market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Distribution channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution channel Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Food and beverages - Market size and forecast 2023-2028
Exhibit 34: Chart on Food and beverages - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
6.4 Recreation - Market size and forecast 2023-2028
Exhibit 38: Chart on Recreation - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Recreation - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Recreation - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Recreation - Year-over-year growth 2023-2028 (%)
6.5 Perfumes and others - Market size and forecast 2023-2028
Exhibit 42: Chart on Perfumes and others - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Perfumes and others - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Perfumes and others - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Perfumes and others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ billion)
Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 50: Chart on Comparison by Distribution Channel
Exhibit 51: Data Table on Comparison by Distribution Channel
7.3 Online - Market size and forecast 2023-2028
Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.4 Offline - Market size and forecast 2023-2028
Exhibit 56: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 60: Market opportunity by Distribution Channel ($ billion)
Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 The Netherlands - Market size and forecast 2023-2028
Exhibit 95: Chart on The Netherlands - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on The Netherlands - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Avi Naturals
Exhibit 115: Avi Naturals - Overview
Exhibit 116: Avi Naturals - Product / Service
Exhibit 117: Avi Naturals - Key offerings
12.4 Essential Oils Co
Exhibit 118: Essential Oils Co - Overview
Exhibit 119: Essential Oils Co - Product / Service
Exhibit 120: Essential Oils Co - Key offerings
12.5 Falcon
Exhibit 121: Falcon - Overview
Exhibit 122: Falcon - Product / Service
Exhibit 123: Falcon - Key offerings
12.6 NHR Organic Oils
Exhibit 124: NHR Organic Oils - Overview
Exhibit 125: NHR Organic Oils - Product / Service
Exhibit 126: NHR Organic Oils - Key offerings
12.7 Norex Flavours Pvt. Ltd.
Exhibit 127: Norex Flavours Pvt. Ltd. - Overview
Exhibit 128: Norex Flavours Pvt. Ltd. - Product / Service
Exhibit 129: Norex Flavours Pvt. Ltd. - Key offerings
12.8 Organic Infusions
Exhibit 130: Organic Infusions - Overview
Exhibit 131: Organic Infusions - Key offerings
12.9 Phoenix Aromas and Essential Oils LLC
Exhibit 132: Phoenix Aromas and Essential Oils LLC - Overview
Exhibit 133: Phoenix Aromas and Essential Oils LLC - Product / Service
Exhibit 134: Phoenix Aromas and Essential Oils LLC - Key offerings
12.10 Plant Therapy Inc.
Exhibit 135: Plant Therapy Inc. - Overview
Exhibit 136: Plant Therapy Inc. - Product / Service
Exhibit 137: Plant Therapy Inc. - Key offerings
12.11 Sydney Essential Oil Co. Pty Ltd.
Exhibit 138: Sydney Essential Oil Co. Pty Ltd. - Overview
Exhibit 139: Sydney Essential Oil Co. Pty Ltd. - Product / Service
Exhibit 140: Sydney Essential Oil Co. Pty Ltd. - Key offerings
12.12 Takasago International Corp.
Exhibit 141: Takasago International Corp. - Overview
Exhibit 142: Takasago International Corp. - Business segments
Exhibit 143: Takasago International Corp. - Key news
Exhibit 144: Takasago International Corp. - Key offerings
Exhibit 145: Takasago International Corp. - Segment focus
12.13 The Lebermuth Co. Inc.
Exhibit 146: The Lebermuth Co. Inc. - Overview
Exhibit 147: The Lebermuth Co. Inc. - Product / Service
Exhibit 148: The Lebermuth Co. Inc. - Key offerings
12.14 Ultra International Ltd.
Exhibit 149: Ultra International Ltd. - Overview
Exhibit 150: Ultra International Ltd. - Product / Service
Exhibit 151: Ultra International Ltd. - Key offerings
12.15 VedaOils
Exhibit 152: VedaOils - Overview
Exhibit 153: VedaOils - Product / Service
Exhibit 154: VedaOils - Key offerings
12.16 Vidya Herbs Pvt. Ltd.
Exhibit 155: Vidya Herbs Pvt. Ltd. - Overview
Exhibit 156: Vidya Herbs Pvt. Ltd. - Product / Service
Exhibit 157: Vidya Herbs Pvt. Ltd. - Key offerings
12.17 Young Living Essential Oils LC
Exhibit 158: Young Living Essential Oils LC - Overview
Exhibit 159: Young Living Essential Oils LC - Product / Service
Exhibit 160: Young Living Essential Oils LC - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
13.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
13.5 List of abbreviations
Exhibit 167: List of abbreviations