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.
Technavio's essential oil market is segmented as below:
By Application
- Food and beverages
- Recreation
- Perfumes and others
By Distribution Channel
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.