Essential Oils Market (By Product: Acorus Calamus, Ajowan, Basil, Black pepper, Cardamom, Carrot Seed, Cassia, Cedarwood, Celery, Cinnamon, Citronella, Clove, Cornmint, Cumin Seed, Curry Leaf, Cypriol, Davana, Dill Seed, Eucalyptus, Fennel, Frankincense, Garlic, Ginger, Holy Basil, Juniper Berry, Lemon, Lemongrass, Lime, Mace, Mustard, Neem; By Application: Medical, Food & Beverages, Spa & Relaxation, Cleaning & Home; By Sales Channel: Direct Selling, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Essential Oils market size is expected to be worth around US$ 40.5 billion by 2030, according to a new report by Vision Research Reports.

The global Essential Oils market size was valued at US$ 20.6 billion in 2020 and is anticipated to grow at a CAGR of 8.4% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

The growth can be attributed to the rising awareness regarding the health benefits of naturally sourced oils and the growing inclination of people towards aromatherapy. Additionally, increasing demand from major end-use industries such as food and beverage and personal care, and cosmetics is likely to have a positive impact on the market.

Essential oils are generally distilled or extracted directly from plant matter to derive the most concentrated essence or oil. Distillation may be a steam contact or direct water contact process where plant leaves, stems, roots, and flowers are leached for their essences and flavors. Raw material for essential oils varies from product to product, based on the type of oil required.

By Product Analysis

The orange oil segment dominated the market for essential oils and accounted for a revenue share of 10.5% in 2020. This is attributed to its usage for improving low libido, lowering PMS-related health problems, and fighting hypertension on account of its blood-dialing property.

Lemon oil is expected to witness considerable growth over the forecast period due to its usage in detergents, perfumes, and soaps and can also be blended in DIY household cleaners. It is primarily used as a detoxifying agent and disinfectant for treating sore throats and flu.

The davana oil segment is anticipated to witness the highest CAGR of 17.9% in the coming years. This is attributed to its extensive utilization for producing natural perfumes and flavoring agents. Antiviral, stimulant, nervine, and antiseptic properties of the oil make it suitable for use in various medical applications.

By Application Analysis

The spa and relaxation segment dominated the market for essential oils accounted for the largest revenue share of 47.4% in 2020. This is attributed to the increasing number of consumers are visiting spa centers for aromatherapy and massage purposes to rejuvenate physically, emotionally, mentally, as well as spiritually. 

The food and beverage segment is projected to witness the most significant CAGR over the forecast period. This is attributed to the growing focus of food and beverage manufacturers on increasing product shelf life without compromising the quality.

Medical emerged as one of the most significant application segments of the market in 2020. The segment is projected to witness growth over the coming years owing to the increasing application scope of essential oil and floral extracts in the medical sector.

By Sales Channel Analysis

The direct selling segment accounted for a revenue share of 44.0% in 2020. Increasing awareness among people regarding essential oil has given rise to more retail sales, especially through convenience stores.

Most of the importers and wholesalers have launched websites for online sales, along with their existing over-the-counter sales. Distribution channels for selling the products are likely to become complex as some sellers focus purely on online sales to increase their geographic reach.

By Regional Analysis

Europe dominated the market for essential oils and accounted for the largest revenue share of 50.2% in 2020. The region is predicted to dominate the market in the coming years. This is attributed to the presence of developed end-use industries along with rising awareness regarding the benefits of essential oils amongst consumers. 

Asia Pacific is expected to witness the highest CAGR of 9.4% in the market for essential oils over the predicted years. This is attributed to suitable weather conditions for agriculture, low-cost labor, and ample availability of raw materials. 

In the Middle East and Africa, the market for essential oils has been observing remarkable growth since the past few years owing to increasing local demand for these oils. The demand for consumer goods is directly related to the growing population and rising standard of living. 

Key Players

• Takasago International Corporation

• Symrise

• MANE

• Flavex Naturextrakte GmbH

• Firmenich SA

• Synthite Industries Ltd.

• ROBERTET GROUP

• International Flavors & Fragrances Inc.

• Givaudan

• Falcon

• Norex Flavours Private Limited

• BMV Fragrances Pvt. Ltd.

• VedaOils

• MOKSHA LIFESTYLE PRODUCTS

• Ultra International

• VidyaHerbs 

Market Segmentation

• By Product 

  • Acorus Calamus

  • Ajowan

  • Basil

  • Black pepper

  • Cardamom

  • Carrot Seed

  • Cassia

  • Cedarwood

  • Celery

  • Cinnamon

  • Citronella

  • Clove

  • Cornmint

  • Cumin Seed

  • Curry Leaf

  • Cypriol

  • Davana

  • Dill Seed

  • Eucalyptus

  • Fennel

  • Frankincense

  • Garlic

  • Ginger

  • Holy Basil

  • Juniper Berry

  • Lemon

  • Lemongrass

  • Lime

  • Mace

  • Mustard

  • Neem

  • Nutmeg

  • Orange

  • Palmarosa

  • Pepper Mint

  • DMO

  • Rosemary

  • Spearmint

  • Turmeric

  • Vetiver

  • Ciz-3 Hexanol

  • Tea Tree

  • Others

• By Application 

  • Medical

    • Pharmaceutical

    • Nutraceuticals

  • Food & Beverages

    • Bakery

    • Confectionery

    • Dairy

    • RTE meals

    • Beverages

    • Meat, Poultry & Seafood

    • Snacks & Nutritional Bars

  • Spa & Relaxation

    • Aromatherapy

    • Massage Oil

    • Personal Care

      • Cosmetics

        • Hair Care

        • Skin Care

        • Sun Care

        • Makeup and color cosmetics

      • Toiletries

        • Soaps

        • Shampoos

        • Men's Grooming

        • Oral Care

        • Baby Care

      • Fragrances

        • Perfumes

        • Body Sprays

        • Air fresheners

  • Cleaning & Home

    • Kitchen Cleaners

    • Floor Cleaners

    • Bathroom Cleaner

    • Fabric Care

• By Sales Channel 

  • Direct Selling

  • Others

• Regional

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Taiwan

    • South Korea

    • Singapore

    • Australia

  • Central America

  • South America

  • Middle East & Africa

The Essential Oils market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Essential Oils market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Essential Oils market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Essential Oils market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Essential Oils market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Essential Oils capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Essential Oils by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Essential Oils market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Essential Oils market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Essential Oils market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Essential Oils industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Essential Oils market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Essential Oils market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Essential Oils market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Essential Oils market. These factors have benefited the growth of the global market for Essential Oils. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Essential Oils. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Essential Oils are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.