Essential Oils Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032

Description

Persistence Market Research recently conducted an in-depth analysis of the Essential Oils Market, resulting in a comprehensive report that delves extensively into its global landscape. This detailed publication provides valuable insights into the market's dynamics, trends, opportunities, and challenges, offering a thorough overview of its structure. With the support of exclusive data and statistics, the research predicts the anticipated growth trajectory of the Essential Oils Market spanning from 2024 to 2032.

In 2024, the global consumption of essential oils amounted to 22.49 Bn. Forecasts suggest a robust growth trajectory with a compound annual growth rate (CAGR) of 7.7%, leading the global essential oils market to attain a valuation of US$ 39.14 billion by 2032.

Key Insights:

Essential Oils Market Size (2024E): US$ 22.49 Bn
Projected Sales of Essentials Oils (2032F): US$ 39.14 Bn
Value CAGR (2024-2032): 7.7%
Value Share of Top 5 Countries (2021A): 46.4%

Essential Oils Market - Report Scope:

Essential oils, prized for their aromatic and therapeutic properties, are natural extracts derived from plants. Widely utilized in aromatherapy, personal care products, and various industries, essential oils offer consumers a natural and versatile solution for health and wellness needs. Their diverse applications span from relaxation and stress relief to skincare and household cleaning.

Market Growth Drivers:

The essential oils market is fueled by growing consumer interest in natural and holistic wellness solutions. Increased awareness of the benefits of aromatherapy, coupled with rising demand for natural ingredients in personal care and healthcare products, drives the market's expansion. Furthermore, the versatility of essential oils in applications such as cosmetics, food flavoring, and household cleaning contributes to their growing popularity.

Market Restraints:

Despite the market's growth, challenges exist, including concerns over the quality and authenticity of essential oils. Issues such as adulteration and mislabeling can undermine consumer trust and hinder market growth. Additionally, regulatory complexities surrounding the production and labeling of essential oils present compliance challenges for manufacturers.

Opportunities:

Opportunities abound in the essential oils market, driven by technological advancements and innovation in extraction methods. Manufacturers are investing in research and development to improve extraction techniques and enhance the quality and purity of essential oils. Moreover, expanding distribution channels, including e-commerce platforms, offer avenues for market penetration and growth, particularly in emerging economies. Efficient supply chain management and strategic partnerships can further unlock opportunities for market expansion and diversification.

Key Questions Answered in Report::

What is the current size of the essential oils market, and what are the projected growth trends?
What factors are driving the growth of the essential oils market globally?
What are the historical growth rates of the essential oils market, and how do they compare to forecasted growth rates?
What is the revenue distribution among the top four countries in the essential oils market?
What is the scope of the essential oils market, including its applications and industry segments?

Competitive Intelligence and Business Strategy

Key manufacturers of essential oils are directing their efforts towards introducing novel and innovative blends of essential oils tailored for diverse applications, including cosmetics, food products, pharmaceuticals, and more. Additionally, these producers are prioritizing the attainment of certifications from various international standards to bolster their brand reputation among consumers.

In 2017, Rocky Mountain Oils, LLC unveiled its latest range of all-natural essential oil-infused supplements under the brand name Tohi. BMV Fragrances Pvt. Ltd. has established its own expansive manufacturing facility spanning 27,000 square feet, housing three distinct divisions dedicated to natural extracts and blending. International Flavors & Fragrances Inc. is committed to delivering consistently high-quality products through a combination of innovation and stringent quality management practices. The company emphasizes agility, innovation, and cutting-edge technology to fulfill customer requirements. Its renowned LMR Naturals collection, offering essential oils, holds certifications such as ISO 9001:2015 and ISO 14001:2015 for quality and environmental management, as well as ECOCERT and Kosher certifications for organic compliance and social responsibility.

Key Companies Profiled

Young Living Essential Oils
doTERRA
Now Health Group, Inc.
Givaudan SA
Rocky Mountain Oils, LLC
NHR Organic Oils
Ultra International B.V.
AOS Product Pvt. Ltd.
Sensient Technologies Corporation
BMV Fragrances Pvt Ltd
International Flavors & Fragrances
Lebermuth Inc.
Ugerer and company
Van Aroma
Falcon Essential Oils
Naturral & Essentials Oils Pvt Ltd
Flavaroma
Prinova Group LLC
Sydney Essential Oil
Kush Aroma Exports

Essential Oils Market Segmentation:

Essential Oils Market by Type:

Citrus
Herbs & Spices
Mints
Flowers
Nuts
Others

Essential Oils Market by Nature:

Organic Essential Oils
Conventional Essential Oils

Essential Oils Market by End Use:

Food & Beverage Industry
Cosmetics & Personal Care
Home Care & Toiletries
Aromatherapy
Animal Feed
Foodservice Industry
Retail/Households

Essential Oils Market by Distribution Channel:

Business to Business
Business to Consumer

oHypermarkets/Supermarkets

oSpecialty Stores

oOnline Retail

oOther Retail Sectors

Essential Oils Market by Region:

North America Essential Oils Market
Latin America Essential Oils Market
Europe Essential Oils Market
South Asia Essential Oils Market
East Asia Essential Oils Market
Oceania Essential Oils Market
Middle East & Africa Essential Oils Market

Product Code: PMRREP32447

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Essential Oils Market Demand Volume (Tons) Analysis 2019-2023 and Forecast, 2024-2032

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2032

6. Global Essential Oils Market - Pricing Analysis

6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark

7. Global Essential Oils Market Value (in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added
- 8.1.3. Global Urbanization Growth Outlook
- 8.1.4. Global Food Security Index
- 8.1.5. Global Rank - Ease of Doing Business
- 8.1.6. Global Rank - Trading Across Borders
8.2. Impact of COVID-19 on Types & Fragrances Market
- 8.2.1. Manufacturer/Processors
- 8.2.2. Supply Chain and Logistics
- 8.2.3. Wholesalers/Traders
- 8.2.4. Retailers
8.3. Impact of COVID-19 on Wellness Industry
8.4. Impact of COVID-19 on Food & Beverage Industry
8.5. Global Food & Beverage Industry Outlook
8.6. Processed Food & Beverage Industry Outlook
8.7. Global Cosmetics & Personal Care Industry Outlook
8.8. Global Pharmaceutical Industry Outlook
8.9. Global Organic Agriculture Land Outlook
8.10. Global Consumer Products Outlook
8.11. Processing of Essential Oils
8.12. SWOT Analysis
8.13. List of Key Participants in Essential Oils Market
8.14. Essential Oils: Natures and Applications
8.15. Raw Material Production Outlook by Type
- 8.15.1. Orange
- 8.15.2. Lemons and limes
- 8.15.3. Tangerines, mandarins, clementines, satsumas
- 8.15.4. Grapefruit
- 8.15.5. Nutmeg, mace and cardamoms
- 8.15.6. Cinnamon
- 8.15.7. Mustard Seed
8.16. Export/Import Trade Analysis of Raw Material by Nature
- 8.16.1. List of Key Exporters
- 8.16.2. List of Key Importers
8.17. Supply Chain Analysis of the Essential Oils
8.18. Value Chain Analysis
8.19. Label Claims: Overview
8.20. Key Regulation
8.21. Market Dynamics
- 8.21.1. Drivers
- 8.21.2. Restraints
- 8.21.3. Opportunity Analysis
8.22. Forecast Factors - Relevance & Impact

9. Global Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032, By Nature

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Nature, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Nature, 2024-2032
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032, By Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Type, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Type, 2024-2032
- 10.3.1. Citrus
- 10.3.2. Herbs & Spices
- 10.3.3. Mints
- 10.3.4. Flowers
- 10.3.5. Nuts
- 10.3.6. Others
10.4. Market Attractiveness Analysis By Type

11. Global Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032, By End Use

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By End Use, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By End Use, 2024-2032
- 11.3.1. Food & Beverage Industry
- 11.3.2. Cosmetics & Personal Care
- 11.3.3. Home Care & Toiletries
- 11.3.4. Aromatherapy
- 11.3.5. Animal Feed
- 11.3.6. Foodservice Industry
- 11.3.7. Retail/Household
11.4. Market Attractiveness Analysis By End Use

12. Global Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032, By Distribution Channel

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Distribution Channel, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Distribution Channel, 2024-2032
- 12.3.1. Business to Business
- 12.3.2. Business to Consumer
  - 12.3.2.1. Hypermarkets/Supermarkets
  - 12.3.2.2. Specialty Stores
  - 12.3.2.3. Online Retail
  - 12.3.2.4. Other Retail Sectors
12.4. Market Attractiveness Analysis By Distribution Channel

13. Global Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032, By Region

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Region, 2024-2032
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. East Asia
- 13.3.5. South Asia
- 13.3.6. Oceania
- 13.3.7. Middle East and Africa (MEA)
13.4. Market Attractiveness Analysis By Region

14. North America Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 14.3.1. By Country
  - 14.3.1.1. U.S.
  - 14.3.1.2. Canada
- 14.3.2. By Nature
- 14.3.3. By Type
- 14.3.4. By End Use
- 14.3.5. By Distribution Channel
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Nature
- 14.4.3. By Type
- 14.4.4. By End Use
- 14.4.5. By Distribution Channel
14.5. Drivers and Restraints - Impact Analysis

15. Latin America Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 15.3.1. By Country
  - 15.3.1.1. Brazil
  - 15.3.1.2. Mexico
  - 15.3.1.3. Argentina
  - 15.3.1.4. Rest of Latin America
- 15.3.2. By Nature
- 15.3.3. By Type
- 15.3.4. By End Use
- 15.3.5. By Distribution Channel
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Nature
- 15.4.3. By Type
- 15.4.4. By End Use
- 15.4.5. By Distribution Channel
15.5. Drivers and Restraints - Impact Analysis

16. Europe Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 16.3.1. By Country
  - 16.3.1.1. France
  - 16.3.1.2. Germany
  - 16.3.1.3. Italy
  - 16.3.1.4. Spain
  - 16.3.1.5. U.K.
  - 16.3.1.6. Nordic
  - 16.3.1.7. BENELUX
  - 16.3.1.8. Russia
  - 16.3.1.9. Poland
  - 16.3.1.10. Rest of Europe
- 16.3.2. By Nature
- 16.3.3. By Type
- 16.3.4. By End Use
- 16.3.5. By Distribution Channel
16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Nature
- 16.4.3. By Type
- 16.4.4. By End Use
- 16.4.5. By Distribution Channel
16.5. Drivers and Restraints - Impact Analysis

17. South Asia Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 17.3.1. By Country
  - 17.3.1.1. India
  - 17.3.1.2. Thailand
  - 17.3.1.3. Indonesia
  - 17.3.1.4. Malaysia
  - 17.3.1.5. Rest of South Asia
- 17.3.2. By Nature
- 17.3.3. By Type
- 17.3.4. By End Use
- 17.3.5. By Distribution Channel
17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Nature
- 17.4.3. By Type
- 17.4.4. By End Use
- 17.4.5. By Distribution Channel
17.5. Drivers and Restraints - Impact Analysis

18. East Asia Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
18.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 18.3.1. By Country
  - 18.3.1.1. China
  - 18.3.1.2. Japan
  - 18.3.1.3. South Korea
- 18.3.2. By Nature
- 18.3.3. By Type
- 18.3.4. By End Use
- 18.3.5. By Distribution Channel
18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Nature
- 18.4.3. By Type
- 18.4.4. By End Use
- 18.4.5. By Distribution Channel
18.5. Drivers and Restraints - Impact Analysis

19. Oceania Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

19.1. Introduction
19.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
19.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 19.3.1. By Country
  - 19.3.1.1. Australia
  - 19.3.1.2. New Zealand
- 19.3.2. By Nature
- 19.3.3. By Type
- 19.3.4. By End Use
- 19.3.5. By Distribution Channel
19.4. Market Attractiveness Analysis
- 19.4.1. By Country
- 19.4.2. By Nature
- 19.4.3. By Type
- 19.4.4. By End Use
- 19.4.5. By Distribution Channel
19.5. Drivers and Restraints - Impact Analysis

20. Middle East and Africa Essential Oils Market Analysis 2019-2023 and Forecast 2024-2032

20.1. Introduction
20.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
20.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2024-2032
- 20.3.1. By Country
  - 20.3.1.1. GCC Countries
  - 20.3.1.2. South Africa
  - 20.3.1.3. Rest of Middle East and Africa
- 20.3.2. By Nature
- 20.3.3. By Type
- 20.3.4. By End Use
- 20.3.5. By Distribution Channel
20.4. Market Attractiveness Analysis
- 20.4.1. By Country
- 20.4.2. By Nature
- 20.4.3. By Type
- 20.4.4. By End Use
- 20.4.5. By Distribution Channel
20.5. Drivers and Restraints - Impact Analysis

21. Market Structure Analysis

21.1. Market Analysis By Tier of Companies
21.2. Market Concentration
21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard
22.2. Competition Deep Dive
- 22.2.1. Young Living Essential Oils
  - 22.2.1.1. Overview
  - 22.2.1.2. Product Portfolio
  - 22.2.1.3. Sales Footprint
  - 22.2.1.4. Key Developments
  - 22.2.1.5. Financial Overview
  - 22.2.1.6. Strategy Overview
- 22.2.2. Young Living Essential Oils
- 22.2.3. doTERRA
- 22.2.4. Now Health Group, Inc.
- 22.2.1. Givaudan SA
- 22.2.5. Rocky Mountain Oils, LLC
- 22.2.6. NHR Organic Oils
- 22.2.7. Ultra International B.V.
- 22.2.8. AOS Product Pvt. Ltd.
- 22.2.9. Sensient Technologies Corporation
- 22.2.10. BMV Fragrances Pvt Ltd
- 22.2.11. International Flavors & Fragrances
- 22.2.12. Lebermuth Inc.
- 22.2.13. Ugerer and company
- 22.2.14. Van Aroma
- 22.2.15. Falcon Essential Oils
- 22.2.16. Naturral & Essentials Oils Pvt Ltd
- 22.2.17. Flavaroma
- 22.2.18. Prinova Group LLC
- 22.2.19. Sydney Essential Oil
- 22.2.20. Kush Aroma Exports