Essential Oils Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Essential Oils Market
The global Essential Oils market size was valued at USD 11.41 billion in 2023, and the market is now projected to grow from USD 12.47 billion in 2024 to USD 27.82 billion by 2032, exhibiting a CAGR of 10.55% during the forecast period of 2023-2032.
During the COVID-19 pandemic, there was an evident surge in demand for aetheroleum oils, as these oils affirm to improve health and immunity. As per the recommendations of health and lifestyle experts, amid the chaotic pandemic situation, individuals should incorporate the use of essential oils in their daily routines to support their immune system as well as maintain a calm mind. This increased the overall consumption of numerous essential oils such as, peppermint oil, tea tree oil, eucalyptus oil and many more. It is thus safe to say that the COVID-19 outbreak has positively impacted the global essential oils market growth.
Essential oils not only have antibacterial and antiviral qualities but are also scientifically proven to improve skin tone, skin glow, heal damaged skin barriers and provide deep rooted nourishment for skin and hair. These never-ending benefits of adoption of essential oils in skin and hair care products is expected to drive the demand for products in the upcoming years eventually increasing the global essential oils market share.
Traditionally, essential oils were only utilized in food & beverages, and for aromatherapy. However, in the recent years, the scope for application of these oils has expanded. These are being used in numerous industries such as, cosmetics, pharmaceuticals, as personal care.
Comprehensive Analysis of Essential Oils Market
The essential oils market is seen rising owing to its market segmentation. These market segmentations are methodologically bifurcated into type analysis, application analysis, distribution channel analysis, and by region. Citrus has dominated the market share in type segment. Based on application, food and beverage section is expected to account for the largest share during the forecast period (2024-2032). The direct distribution channel leads under the distribution analysis as customers prefer to experience and feel the oils.
The Europe market stood at 4.58 billion in 2022, and the region’s market is anticipated to continue dominating the global market in the forthcoming years. One of the major reasons for this global market ascendency is that the developed EU market has successfully recognized some of the components of plant-based oils such as carvone, citral, carvacrol, p-cymene, and cinnamaldehyde as legally registered flavoring. The increased inclination towards aromatherapy in major European markets is expected to contribute to the growth of essential oils market share in the future.
The essential oils market is fragmented to a great degree mainly due to private and local brands in various regions. A few major companies have however managed to capture market share owing to their continuous technological advancements resulting is superior product characteristics. These companies include, Biolandes SAS(France), Givaudan International SA (Switzerland), International Flavours and Fragrances Inc. (U.S.), Symrise AG (Germany), Enio Bonchev Production Ltd. (Bulgaria), The Lebermuth Company, Inc. (U.S.), Essential Oils of New Zealand (New Zealand), Phoenix Aromas & Essential Oils LLC (U.S.), Sydney Essential Oil Co. (Australia), Young Living Essential Oils (U.S.).
In December 2022, Dabur India, an India based company and one of the leading consumer products manufacturers, expanded its air freshener products range by introducing “Odonil Gel Pack”. These odonil gel packs are infused with essential oils.
Segmentation Table
Essential Oils Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.55% from 2024-2032
Unit Value (USD Billion)
Segmentation By Type, By Application, By Distribution Channel, By Region
By Type Citrus
- Orange
- Lemon
- Grapefruit
- Lime
- Others
Eucalyptus
Lavender
Rosemary
Tea Tree
Peppermint
Others
By Application
Food & Beverages
Personal Care & Cosmetics
Spa & Relaxation
Pharmaceuticals & Medicinal Formulations
Others
By Distribution Channel Direct Distribution
MLM Distribution
Retail Distribution
By Region North America (By Type, Application, Distribution Channel, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, Application, Distribution Channel, and Country)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- U.K. (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Application, Distribution Channel, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Type, Application, Distribution Channel, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East & Africa (By Type, Application, Distribution Channel, and Country)
- South Africa (By Application)
- UAE (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Analysis on Global Demand of Dfferent Types of Essential Oils
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.5. Market Analysis and Insights (in Relation with COVID-19)
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges due to the Pandemic
- 4.5.3. Potential Opportunities Due to COVID-19
- 5. Global Essential Oils Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Citrus
- 5.2.1.1.1. Orange
- 5.2.1.1.2. Lemon
- 5.2.1.1.3. Grapefruit
- 5.2.1.1.4. Lime
- 5.2.1.1.5. Others
- 5.2.1.2. Eucalyptus
- 5.2.1.3. Lavender
- 5.2.1.4. Rosemary
- 5.2.1.5. Tea Tree
- 5.2.1.6. Peppermint
- 5.2.1.7. Others
- 5.2.2. By Application (Value)
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Personal Care & Cosmetics
- 5.2.2.3. Spa & Relaxation
- 5.2.2.4. Pharmaceuticals & Medicinal Formulations
- 5.2.2.5. Others
- 5.2.3. By Distribution Channel (Value)
- 5.2.3.1. Direct Distribution
- 5.2.3.2. MLM Distribution
- 5.2.3.3. Retail Distribution
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Essential Oils Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Citrus
- 6.2.1.1.1. Orange
- 6.2.1.1.2. Lemon
- 6.2.1.1.3. Grapefruit
- 6.2.1.1.4. Lime
- 6.2.1.1.5. Others
- 6.2.1.2. Eucalyptus
- 6.2.1.3. Lavender
- 6.2.1.4. Rosemary
- 6.2.1.5. Tea Tree
- 6.2.1.6. Peppermint
- 6.2.1.7. Others
- 6.2.2. By Application (Value)
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Personal Care & Cosmetics
- 6.2.2.3. Spa & Relaxation
- 6.2.2.4. Pharmaceuticals & Medicinal Formulations
- 6.2.2.5. Others
- 6.2.3. By Distribution Channel (Value)
- 6.2.3.1. Direct Distribution
- 6.2.3.2. MLM Distribution
- 6.2.3.3. Retail Distribution
- 6.2.4. By Country (Value)
- 6.2.4.1. The U.S.
- 6.2.4.1.1. By Application (Value)
- 6.2.4.1.1.1. Food & Beverages
- 6.2.4.1.1.2. Personal Care & Cosmetics
- 6.2.4.1.1.3. Spa & Relaxation
- 6.2.4.1.1.4. Pharmaceuticals & Medicinal Formulations
- 6.2.4.1.1.5. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Application (Value)
- 6.2.4.2.1.1. Food & Beverages
- 6.2.4.2.1.2. Personal Care & Cosmetics
- 6.2.4.2.1.3. Spa & Relaxation
- 6.2.4.2.1.4. Pharmaceuticals & Medicinal Formulations
- 6.2.4.2.1.5. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Application (Value)
- 6.2.4.3.1.1. Food & Beverages
- 6.2.4.3.1.2. Personal Care & Cosmetics
- 6.2.4.3.1.3. Spa & Relaxation
- 6.2.4.3.1.4. Pharmaceuticals & Medicinal Formulations
- 6.2.4.3.1.5. Others
- 7. Europe Essential Oils Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Citrus
- 7.2.1.1.1. Orange
- 7.2.1.1.2. Lemon
- 7.2.1.1.3. Grapefruit
- 7.2.1.1.4. Lime
- 7.2.1.1.5. Others
- 7.2.1.2. Eucalyptus
- 7.2.1.3. Lavender
- 7.2.1.4. Rosemary
- 7.2.1.5. Tea Tree
- 7.2.1.6. Peppermint
- 7.2.1.7. Others
- 7.2.2. By Application (Value)
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Personal Care & Cosmetics
- 7.2.2.3. Spa & Relaxation
- 7.2.2.4. Pharmaceuticals & Medicinal Formulations
- 7.2.2.5. Others
- 7.2.3. By Distribution Channel (Value)
- 7.2.3.1. Direct Distribution
- 7.2.3.2. MLM Distribution
- 7.2.3.3. Retail Distribution
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Application (Value)
- 7.2.4.1.1.1. Food & Beverages
- 7.2.4.1.1.2. Personal Care & Cosmetics
- 7.2.4.1.1.3. Spa & Relaxation
- 7.2.4.1.1.4. Pharmaceuticals & Medicinal Formulations
- 7.2.4.1.1.5. Others
- 7.2.4.2. France
- 7.2.4.2.1. By Application (Value)
- 7.2.4.2.1.1. Food & Beverages
- 7.2.4.2.1.2. Personal Care & Cosmetics
- 7.2.4.2.1.3. Spa & Relaxation
- 7.2.4.2.1.4. Pharmaceuticals & Medicinal Formulations
- 7.2.4.2.1.5. Others
- 7.2.4.3. Italy
- 7.2.4.3.1. By Application (Value)
- 7.2.4.3.1.1. Food & Beverages
- 7.2.4.3.1.2. Personal Care & Cosmetics
- 7.2.4.3.1.3. Spa & Relaxation
- 7.2.4.3.1.4. Pharmaceuticals & Medicinal Formulations
- 7.2.4.3.1.5. Others
- 7.2.4.4. Spain
- 7.2.4.4.1. By Application (Value)
- 7.2.4.4.1.1. Food & Beverages
- 7.2.4.4.1.2. Personal Care & Cosmetics
- 7.2.4.4.1.3. Spa & Relaxation
- 7.2.4.4.1.4. Pharmaceuticals & Medicinal Formulations
- 7.2.4.4.1.5. Others
- 7.2.4.5. The U.K.
- 7.2.4.5.1. By Application (Value)
- 7.2.4.5.1.1. Food & Beverages
- 7.2.4.5.1.2. Personal Care & Cosmetics
- 7.2.4.5.1.3. Spa & Relaxation
- 7.2.4.5.1.4. Pharmaceuticals & Medicinal Formulations
- 7.2.4.5.1.5. Others
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Application (Value)
- 7.2.4.6.1.1. Food & Beverages
- 7.2.4.6.1.2. Personal Care & Cosmetics
- 7.2.4.6.1.3. Spa & Relaxation
- 7.2.4.6.1.4. Pharmaceuticals & Medicinal Formulations
- 7.2.4.6.1.5. Others
- 8. Asia Pacific Essential Oils Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast
- 8.1.2. By Type (Value)
- 8.1.2.1. Citrus
- 8.1.2.1.1. Orange
- 8.1.2.1.2. Lemon
- 8.1.2.1.3. Grapefruit
- 8.1.2.1.4. Lime
- 8.1.2.1.5. Others
- 8.1.2.2. Eucalyptus
- 8.1.2.3. Lavender
- 8.1.2.4. Rosemary
- 8.1.2.5. Tea Tree
- 8.1.2.6. Peppermint
- 8.1.2.7. Others
- 8.1.3. By Application (Value)
- 8.1.3.1. Food & Beverages
- 8.1.3.2. Personal Care & Cosmetics
- 8.1.3.3. Spa & Relaxation
- 8.1.3.4. Pharmaceuticals & Medicinal Formulations
- 8.1.3.5. Others
- 8.1.4. By Distribution Channel (Value)
- 8.1.4.1. Direct Distribution
- 8.1.4.2. MLM Distribution
- 8.1.4.3. Retail Distribution
- 8.1.5. By Country (Value)
- 8.1.5.1. China
- 8.1.5.1.1. By Application (Value)
- 8.1.5.1.1.1. Food & Beverages
- 8.1.5.1.1.2. Personal Care & Cosmetics
- 8.1.5.1.1.3. Spa & Relaxation
- 8.1.5.1.1.4. Pharmaceuticals & Medicinal Formulations
- 8.1.5.1.1.5. Others
- 8.1.5.2. India
- 8.1.5.2.1. By Application (Value)
- 8.1.5.2.1.1. Food & Beverages
- 8.1.5.2.1.2. Personal Care & Cosmetics
- 8.1.5.2.1.3. Spa & Relaxation
- 8.1.5.2.1.4. Pharmaceuticals & Medicinal Formulations
- 8.1.5.2.1.5. Others
- 8.1.5.3. Japan
- 8.1.5.3.1. By Application (Value)
- 8.1.5.3.1.1. Food & Beverages
- 8.1.5.3.1.2. Personal Care & Cosmetics
- 8.1.5.3.1.3. Spa & Relaxation
- 8.1.5.3.1.4. Pharmaceuticals & Medicinal Formulations
- 8.1.5.3.1.5. Others
- 8.1.5.4. Australia
- 8.1.5.4.1. By Application (Value)
- 8.1.5.4.1.1. Food & Beverages
- 8.1.5.4.1.2. Personal Care & Cosmetics
- 8.1.5.4.1.3. Spa & Relaxation
- 8.1.5.4.1.4. Pharmaceuticals & Medicinal Formulations
- 8.1.5.4.1.5. Others
- 8.1.5.5. Rest of APAC
- 8.1.5.5.1. By Application (Value)
- 8.1.5.5.1.1. Food & Beverages
- 8.1.5.5.1.2. Personal Care & Cosmetics
- 8.1.5.5.1.3. Spa & Relaxation
- 8.1.5.5.1.4. Pharmaceuticals & Medicinal Formulations
- 8.1.5.5.1.5. Others
- 9. South America Essential Oils Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast
- 9.1.2. By Type (Value)
- 9.1.2.1. Citrus
- 9.1.2.1.1. Orange
- 9.1.2.1.2. Lemon
- 9.1.2.1.3. Grapefruit
- 9.1.2.1.4. Lime
- 9.1.2.1.5. Others
- 9.1.2.2. Eucalyptus
- 9.1.2.3. Lavender
- 9.1.2.4. Rosemary
- 9.1.2.5. Tea Tree
- 9.1.2.6. Peppermint
- 9.1.2.7. Others
- 9.1.3. By Application (Value)
- 9.1.3.1. Food & Beverages
- 9.1.3.2. Personal Care & Cosmetics
- 9.1.3.3. Spa & Relaxation
- 9.1.3.4. Pharmaceuticals & Medicinal Formulations
- 9.1.3.5. Others
- 9.1.4. By Distribution Channel (Value)
- 9.1.4.1. Direct Distribution
- 9.1.4.2. MLM Distribution
- 9.1.4.3. Retail Distribution
- 9.1.5. By Country (Value)
- 9.1.5.1. Brazil
- 9.1.5.1.1. By Application (Value)
- 9.1.5.1.1.1. Food & Beverages
- 9.1.5.1.1.2. Personal Care & Cosmetics
- 9.1.5.1.1.3. Spa & Relaxation
- 9.1.5.1.1.4. Pharmaceuticals & Medicinal Formulations
- 9.1.5.1.1.5. Others
- 9.1.5.2. Argentina
- 9.1.5.2.1. By Application (Value)
- 9.1.5.2.1.1. Food & Beverages
- 9.1.5.2.1.2. Personal Care & Cosmetics
- 9.1.5.2.1.3. Spa & Relaxation
- 9.1.5.2.1.4. Pharmaceuticals & Medicinal Formulations
- 9.1.5.2.1.5. Others
- 9.1.5.3. Rest of South America
- 9.1.5.3.1. By Application (Value)
- 9.1.5.3.1.1. Food & Beverages
- 9.1.5.3.1.2. Personal Care & Cosmetics
- 9.1.5.3.1.3. Spa & Relaxation
- 9.1.5.3.1.4. Pharmaceuticals & Medicinal Formulations
- 9.1.5.3.1.5. Others
- 10. Middle East and Africa Essential Oils Market Analysis, Insights and Forecast, 2019-2032
- 11. 10.1.Key Findings / Summary
- 11.1.
- 11.1.1. Market Size Estimates and Forecast
- 11.1.2. By Type (Value)
- 11.1.2.1. Citrus
- 11.1.2.1.1. Orange
- 11.1.2.1.2. Lemon
- 11.1.2.1.3. Grapefruit
- 11.1.2.1.4. Lime
- 11.1.2.1.5. Others
- 11.1.2.2. Eucalyptus
- 11.1.2.3. Lavender
- 11.1.2.4. Rosemary
- 11.1.2.5. Tea Tree
- 11.1.2.6. Peppermint
- 11.1.2.7. Others
- 11.1.3. By Application (Value)
- 11.1.3.1. Food & Beverages
- 11.1.3.2. Personal Care & Cosmetics
- 11.1.3.3. Spa & Relaxation
- 11.1.3.4. Pharmaceuticals & Medicinal Formulations
- 11.1.3.5. Others
- 11.1.4. By Distribution Channel (Value)
- 11.1.4.1. Direct Distribution
- 11.1.4.2. MLM Distribution
- 11.1.4.3. Retail Distribution
- 11.1.5. By Country (Value)
- 11.1.5.1. South Africa
- 11.1.5.1.1. By Application (Value)
- 11.1.5.1.1.1. Food & Beverages
- 11.1.5.1.1.2. Personal Care & Cosmetics
- 11.1.5.1.1.3. Spa & Relaxation
- 11.1.5.1.1.4. Pharmaceuticals & Medicinal Formulations
- 11.1.5.1.1.5. Others
- 11.1.5.2. UAE
- 11.1.5.2.1. By Application (Value)
- 11.1.5.2.1.1. Food & Beverages
- 11.1.5.2.1.2. Personal Care & Cosmetics
- 11.1.5.2.1.3. Spa & Relaxation
- 11.1.5.2.1.4. Pharmaceuticals & Medicinal Formulations
- 11.1.5.2.1.5. Others
- 11.1.5.3. Rest of Middle East & Africa
- 11.1.5.3.1. By Application (Value)
- 11.1.5.3.1.1. Food & Beverages
- 11.1.5.3.1.2. Personal Care & Cosmetics
- 11.1.5.3.1.3. Spa & Relaxation
- 11.1.5.3.1.4. Pharmaceuticals & Medicinal Formulations
- 11.1.5.3.1.5. Others
- 12. Competitive Matrix
- 12.1. Global Market Share/Ranking Analysis
- 12.2. Competition Dashboard – Strategy Analysis
- 12.3. Company Profiles
- 12.3.1. Biolandes
- 12.3.1.1. Overview
- 12.3.1.2. Description
- 12.3.1.3. Type Portfolio
- 12.3.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.1.5. Recent Developments
- 12.3.2. Givaudan International SA
- 12.3.2.1. Overview
- 12.3.2.2. Description
- 12.3.2.3. Type Portfolio
- 12.3.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.2.5. Recent Developments
- 12.3.3. International Flavors & Fragrances Inc.
- 12.3.3.1. Overview
- 12.3.3.2. Description
- 12.3.3.3. Type Portfolio
- 12.3.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.3.5. Recent Developments
- 12.3.4. Symrise AG
- 12.3.4.1. Overview
- 12.3.4.2. Description
- 12.3.4.3. Type Portfolio
- 12.3.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.4.5. Recent Developments
- 12.3.5. Enio Bonchev Production Limited
- 12.3.5.1. Overview
- 12.3.5.2. Description
- 12.3.5.3. Type Portfolio
- 12.3.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5.5. Recent Developments
- 12.3.6. The Lebermuth Company
- 12.3.6.1. Overview
- 12.3.6.2. Description
- 12.3.6.3. Type Portfolio
- 12.3.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.6.5. Recent Developments
- 12.3.7. Now Foods
- 12.3.7.1. Overview
- 12.3.7.2. Description
- 12.3.7.3. Type Portfolio
- 12.3.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.7.5. Recent Developments
- 12.3.8. Phoenix Aromas & Essential Oils LLC
- 12.3.8.1. Overview
- 12.3.8.2. Description
- 12.3.8.3. Type Portfolio
- 12.3.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.8.5. Recent Developments
- 12.3.9. Ultra International BV
- 12.3.9.1. Overview
- 12.3.9.2. Description
- 12.3.9.3. Type Portfolio
- 12.3.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.9.5. Recent Developments
- 12.3.10. Young Living Essential Oils
- 12.3.10.1. Overview
- 12.3.10.2. Description
- 12.3.10.3. Type Portfolio
- 12.3.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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