Essential Oil Market, By Product Type (Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lavender, Lemon, Clover Leaf, Spearmint, and Others), By Source (Flowers, Fruits & Vegetables, Herbs & Spices), By Method of Extraction (Cold Press Extraction, Carbon Dioxide Extraction, Distillation, and Others), By Application (Food & Beverages, Medical, Home Care, Cosmetics, Spa & Relaxation, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Essential Oil Market was valued at US$ 27.6 Billion in 2024 and is projected to grow at a CAGR of 35.80% to reach US$ 446.8 Billion by 2034.

[PDF] Essential oils are highly concentrated plant extracts that are used for various purposes, including aromatherapy, personal care, and natural health remedies. They are typically derived from different parts of plants, such as flowers, leaves, stems, roots, and bark, and are known for their therapeutic properties, unique scents, and potent effects.

Increasing interest in natural health remedies, growing popularity of aromatherapy and marketing efforts have all contributed to the rapid growth of the Essential Oil Market. The demand for Essential Oil Market is anticipated to rise as aromatherapy becomes more and more well-liked as a supplemental treatment for numerous health issues. The amount of research into the therapeutic uses of essential oils is growing, which has increased consumer awareness and demand for these goods is expected to fuel the growth of Essential Oil Market.

Rapid Growth in Popularity of Aromatherapy

The increasing popularity of aromatherapy is one of the main drivers of the essential oil market. Aromatherapy is a form of alternative medicine that uses essential oils to improve physical and emotional health. It involves inhaling essential oils or applying them topically to the skin. Essential oils are an important component of Aromatherapy Diffusers. They are chosen for their therapeutic properties and their ability to affect mood and emotions. For example, lavender essential oil is often used for relaxation and stress relief, while peppermint essential oil is used for mental clarity and alertness.

For instance, in April 2023, according to (The Times of India), Essential Oil Association of India (EOAI) will organize a one day workshop on “Himalayan Rosa Damascena” which is the development of Aroma Farming and Industry of western Himalayan region at CSIR-Institute of Himalayan Bioresource Technology.

Technological Advancement and Increasing Demand from Beauty and Personal Care Industry

Over the years, there have been a number of technological developments that have improved the production, extraction, and distribution of essential oils. The most typical technique for obtaining essential oils is steam distillation. In this oil is separated from the plant material using steam. The market for essential oils has expanded significantly as a result of technical improvements. They have assisted in enhancing oil extraction, distribution, and production, which has raised oil quality and increased customer demand.

The Beauty and Personal Care industry is a significant consumer of essential oils and this demand is expected to continue to grow in the coming years. Essential oils are used in a wide range of beauty and personal care products, including perfumes, cosmetics, Skin Care Products, hair care products, and toiletries. For example peppermint essential oil is used in hair care products for its refreshing and invigorating qualities whereas lavender essential oil is commonly used in skincare products for its soothing and calming properties.

Restrains:

Essential oils are costly to produce due to the high amount of plant material required to produce a small amount of oil. Additionally, the production process can be time-consuming and labor-intensive, which adds to the cost. As a result, essential oils can be expensive, making them inaccessible to some consumers which restrained Essential Oil Market growth.

Also, there are concerns about the quality and purity of essential oils on the market. Adulteration, contamination, and mislabeling are common issues that can affect the quality of essential oils. Some companies may dilute or add synthetic fragrances to their oils, which can reduce their therapeutic properties and potentially cause harm, hindering demand for market growth.

Essential Oil Market is segmented based on Product Type, Source, Method of Extraction, Application and Region.

Product Type Insight

On the basis of Product Type, Essential Oil Market is segmented into Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lavender, Lemon, Clover Leaf, Spearmint, and Others. Eucalyptus type is expected to dominate the target market growth due to its popular choice and known for its ability to help with respiratory issues and support the immune system.

Source Insights

On the basis of Source, Essential Oil Market is segmented into Flowers, Fruits & Vegetables, Herbs & Spices. Flowers are expected to dominate the target market growth as there are some important uses of these flower essential oil. These oils are known for their calming and soothing properties and are often used in aromatherapy and skincare products.

Method of Extraction Insights

On the basis of Method of Extraction, Essential Oil Market is segmented into Cold Press Extraction, Carbon Dioxide Extraction, Distillation, and Others. Carbon Dioxide Extraction is expected to dominate target market growth as this method is used widely, and uses pressurized carbon dioxide to extract essential oils from plant material.

Application Insights

On the basis of Application, Essential Oil Market is segmented into Food & Beverages, Medical, Home Care, Cosmetics, Spa & Relaxation, and Others. Cosmetics is expected to dominate the target market growth as essential oils are often used in cosmetics and skincare products for their aromatherapy benefits and potential skin health benefits.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On the basis of region the Essential Oil Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region is expected to witness significant revenue growth in the essential oil market in the coming years. This is due to factors such as increasing demand for natural and organic products, growing awareness of the benefits of essential oils in traditional medicine, and the rising popularity of aromatherapy in countries such as China, Japan, and India.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Product Type - Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lavender, Lemon, Clover Leaf, Spearmint, and Others By Source - Flowers, Fruits & Vegetables, Herbs & Spices By Method of Extraction - Cold Press Extraction, Carbon Dioxide Extraction, Distillation, and Others By Application - Food & Beverages, Medical, Home Care, Cosmetics, Spa & Relaxation and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Essential Oil Market report based on Product Type, Source, Method of Extraction, Application and Region:

Essential Oil Market, By Product Type:

• Orange
• Eucalyptus
• Corn Mint
• Peppermint
• Citronella
• Lavender
• Lemon
• Clover Leaf
• Spearmint
•  Others

Essential Oil Market, By Source:

• Flowers
• Fruits & Vegetables
• Herbs & Spices

Essential Oil Market, By Method of Extraction:

• Cold Press Extraction
• Carbon Dioxide Extraction
• Distillation
• Others

Essential Oil Market, By Application:

• Food & Beverages
• Medical
• Home Care
• Cosmetics
• Spa & Relaxation
• Others

Essential Oil Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

 

The key players operating the Essential Oil Market includes, Givaudan, doTERRA International LLC, Biolandes SAS, Sydney Essential Oil Company, Young Living Essential Oils LC, Lebermuth Inc., Essential Oils of New Zealand Ltd., Edens Garden, Moksha Lifestyle Products, and West India Spices, Inc., and others.

Recent Development:

• In January 2023, VedaOils launched new fragrance oils and blends. It provides a variety of fragrances and carefully chosen essential oil mixes that may be utilized in a number of goods to provide advantages like better sleep and reduced stress.
• In February 2023, Distress Arrest launched new flower Essence Spray with Lavender Essential Oil. The new formula offers a complete remedy for people looking for relief from stress and irritability by fusing the famous emotional advantages of flower remedies with the calming effects of lavender essential oil.
• In December 2022, Dabur launched “Odonil Gel Pocket” which is a Gel-based air freshener infused with essential oils. It also emits a great smell that lingers for a very long time and is available in three scents: Citrus Bloom, Floral Valley, and Wild Forest. The new Odonil Gel Pocket has a lovely diamond-shaped packaging that releases fragrance as soon as it is opened. It delivers long-lasting fragrance and gets rid of bad odors for up to 30 days.
• In June 2021, Bella Vita Organic launched a range of luxurious yet affordable essential oils. The essential oil line includes nine different varieties of oils, all of which have a similar relaxing effect on the user. The fact that these carefully chosen essential oils assist in reducing blemishes, acne, dark spots, excessive oil production, irritation, rashes, and hair loss, however, continues to be important.
• In October 2020, doTERRA International LLC announced a number of new diffusers and essential oil items, as well as three new wellness initiatives aimed at assisting people in concentrating on their own health objectives. Customers who join up will get a customized kit every month for three months that contains everything they need for 30 days to help them achieve three specific health goals. The kits are packaged in recyclable or reusable bags to minimize their environmental impact.

• Givaudan*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• doTERRA International LLC
• Biolandes SAS
• Sydney Essential Oil Company
• Young Living Essential Oils LC
• Lebermuth Inc.
• Essential Oils of New Zealand Ltd.
• Edens Garden
• Moksha Lifestyle Products
• West India Spices, Inc.

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Essential Oil Strategies
     • Key Questions this Study will Answer

     • Product Type (Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lime, Lemon, Clover Leaf, Spearmint, and Others)

       By Application (Food & Beverages, Medical, Cleaning & Home, Spa & Relaxation, And Others)

       By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) 

   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Essential Oil Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• • doTERRA International LLC

  • Biolandes SAS

  • Sydney Essential Oils Co. Pty Ltd.

  • Young Living Essential Oils LC

  • Farotti S.R.L.

  • The Lebermuth Company, Inc.

  • Essential Oils of New Zealand Ltd.

  • H Reynaud Et Fils Matieres Premieres Aromatiques

  • Moksha Lifestyle Products

  • West India Species, Inc.

1. The Last Word
   • Future Impact
   • About Us
   • Contact