Essential Oils Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Essential Oils Market By Product (Lemon oil, Eucalyptus oil, Orange oil, Peppermint oil, Jasmine oil, Clove oil, Rosemary oil, Cornmint oil, Citronella oil, Geranium, Lavender oil, Spearmint oil, Tea tree oil, and others), By Application (Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Cleaning & Homecare, Pharmaceuticals, Animal Feed, Fragrances, and Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, U.K., Italy, France, Germany, Spain, Russia, India, Japan, China, South Korea, Indonesia, Thailand, Malaysia, Australia, Brazil, U.A.E., Saudi Arabia, South Africa)

  • Report ID : MD1417
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  • Pages : 222
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  • Tables : 83
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  • Formats :

Essential Oils Market size was estimated at $9,462.8 Million in 2019 and is expected to reach $16,967.7 Million by 2027, growing at a CAGR of 8.7% during the forecast period of 2020 to 2027.

essential oils market

Essential Oils are drawn out from plants, especially from their leaves and barks. They encapsulate the plant’s essence through distillation or mechanical processes such as cold pressing. They find applications in Aromas, Cosmetics, and Fragrances. Aromatherapy is likely to be a significant growth driver for Essential Oils. Another vital demand-pull is likely to be experienced by the Food & Beverage industry. Opportunities for growth also exist in clean labeling. One of the challenges is the delicate storage conditions which add to the price of the product.

 
Analysis by Product
According to the Product, the thirteen segments are Lemon oil, Eucalyptus oil, Orange oil, Peppermint oil, Jasmine oil, Clove oil, Rosemary oil, Cornmint oil, Citronella oil, Geranium, Lavender oil, Spearmint oil, and Tea tree oil.
 
The Essential Oils market report suggests that Orange Oil accounts for the largest revenue owing to several health benefits such as skin firmness, elasticity, and also treats acne & stretch marks. These Oils are starting to pick pace in the manufacture of Soaps, Shampoos, and Shower gels owing to their immaculate natural and long-lasting fragrance. Consumers are responding very positively to brands that are rolling out product demos with Natural Essential Oils. The Essential Oils market research has garnered robust, data-driven results about the positive demand outlook for Lemon Oils. Its antiseptic and anti-fungal properties make it an excellent raw material for skin and hair care products.
  
Analysis by Application
The Application areas are segmented into Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Cleaning & Homecare, Pharmaceuticals, Animal Feed, and Fragrances.
 
The bulk of the Essential Oils market share is held by the Food & Beverage segment. It utilizes Orange, Lemon, Peppermint, and Clove Oils. Moreover, the Essential Oils market size is bound to rise because they are Biologically-active compounds, thereby making them the first preference for use as a flavor additive. The Essential Oils market estimation is very optimistic in special food products such as chocolates, cake frostings, and confectionery products. Natural preservatives are likely to be incorporated into upcoming Food & Beverage policies. This will further enhance the product adoption.
  
Analysis by Region 
The Essential Oils market forecast is very bright in the Food & Beverage and Cosmetics sector in the European Union. Some of the leading countries in the fray are France, The U.K., and Germany. Exhaustive market research indicates the growing preference for natural additives and preservatives among consumers. This development is expected to be picked up by market-sensing agencies and will be served to the companies in this industry.
 
The Essential Oils price trend is bullish in the North American market owing largely to the expanding Aromatherapy sector in the region. The buying power of the target consumers has grown consistently and thus presents an excellent business opportunity for Essential Oil manufacturers and traders. 
  
Analysis by Eminent Companies
Some of the leading Essential Oil companies in operation are DoTerra, Symrise, Young Living, Firmenich, Frutarom, Bio Landes, Flacon. Collaborations across strategic facets of the value chain are likely to yield synergies in the medium to long term. Operations-based partnerships will enable the manufacturers to experiment with varying production environments and study the effects on the finished product. Recently, Young Living partnered with NASA to study the effect of solar irradiation on the quality of the Essential Oils. The partnership intends to grow plants on the International Space Station to measure the qualitative changes vis-à-vis the production on the surface of the Earth.

 
COVERAGE HIGHLIGHTS
    •    Market Revenue Estimation and Forecast (2019 – 2026)
    •    Market Production Estimation and Forecast (2019 – 2026)
    •    Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
    •    Breakdown of Revenue by Segments (2019 – 2026)
    •    Breakdown of Production by Segments (2019 – 2026)
    •    Breakdown of Sales Volume by Segments (2019 – 2026)
    •    Gross Margin and Profitability Analysis of Companies
    •    Business Trend and Expansion Analysis
    •    Import and Export Analysis
    •    Regional Analysis and Market Data Breakdown
 

MARKET SEGMENTATION
 
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
    •    Lemon oil
    •    Eucalyptus oil
    •    Orange oil
    •    Peppermint oil
    •    Jasmine oil
    •    Clove oil
    •    Rosemary oil
    •    Cornmint oil
    •    Citronella oil
    •    Geranium
    •    Lavender oil
    •    Spearmint oil
    •    Tea tree oil


By Application Outlook ($Revenue and Unit Sales, 2019-2026)
    •    Food & beverage
    •    Cosmetics & Toiletries
    •    Aromatherapy
    •    Cleaning & Home care
    •    Pharmaceuticals
    •    Animal Feed
    •    Fragrances


By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
    •    North America
    •    U.S.
    •    Canada
    •    Mexico
    •    Europe
    •    U.K.
    •    Italy
    •    France
    •    Germany
    •    Spain
    •    Russia
    •    Asia-Pacific
    •    India
    •    Japan
    •    China
    •    South Korea
    •    Indonesia
    •    Thailand
    •    Malaysia
    •    Australia
    •    Latin America
    •    Brazil
    •    Middle East & Africa
    •    U.A.E.
    •    Saudi Arabia
    •    South Africa


Eminent Companies
    •    DoTerra
    •    Symrise
    •    Young Living
    •    Firmnich
    •    Frutarom
    •    Bio Landes
    •    Flacon
    •    International Flavours & Fragrances Inc. (IFF)
    •    BO International
    •    Vögele Ingredients
    •    Flavex Naturextrakte
    •    Leburmuth Company
    •    Moksha Lifestyle
    •    Florihana
    •    Rock Mountain Oils

 

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