Essential Oils Market Size (2021- 2027), Share, Growth and Industry Report

ReportCrux Market Research has published a new report titled Essential Oils Market Segmented by Type (Lemon, Orange, Lime, Cornmint and Others); by Application (Spa & Relaxation, Food & beverage, Medical, Others); by Method of Extraction (Carbon dioxide extraction, Distillation, Solvent extraction, Cold press extraction and Others); by Distribution Channel (Direct Distribution, Retail Distribution) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 - 2027

Essential Oils Market Size

Global essential oils Market is estimated to grow from USD 8.64 Billion in 2019 to reach USD 17.36 Billion by 2027, at a CAGR of 9.1% during the forecast period from 2020-2027.

Essential Oils Demand

Global essential oils market is set to grow from 1,86,321 MT in 2019 to 3,38,972 MT in 2027

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Market Overview:

Essential oil is a liquid that is extracted from the flowers, roots, seeds, leaves and stems of the plant and are antimicrobial, antifungal, antiviral and antibacterial. The most commonly used essential oils are extracted from orange, cornmint, lavender, lemon, peppermint, tea tree and similar. Essential oils are most commonly used for aromatherapy, home care & cleaning, cosmetics, fragrance and food & beverage applications. Economic factors such as increasing disposable income among the consumers as well as the rising number of double income households are leading to the increased demand for essential oils globally.

Regional Analysis:

Europe reported the highest share of 37% of the global essential oils market in 2019

European people strongly believe that natural ingredients are safer when compared to the synthetic ones. This has urged various producers in this region to produce different innovative and advanced products with the essential oil content. Along from this, higher standard of living and early developed economy are contributing to the growth of essential oils market in this region.

Major leading industry players have their presence in the European market due to the easily available feedstocks. Also, various trade policies and import activities lead to the growing market. Various leading flavor houses like Firmenich SA, Givaudan, Symrise AG, Biolandes and similar are from different European countries.

Asia Pacific is expected to grow with the fastest CAGR of 9.6% over the forecast period of 2020 to 2027. Various factors like untapped markets and presence of large population are driving the growth in this region for essential oils. Also, consumers in the developing countries are shifting their preferences from synthetic oils to essential oils with the natural ingredients. Different essential oils with flavors like spearmint and peppermint have showing growing demand in the recent years.

Apart from this, various developing countries like Indonesia, India and Brazil are becoming the largest producers of the essential oils on a global level. India is considered as the largest producer of mint oils with contributing to more than 85% of the global production. Brazil is considered to be contributing to more than 60% of the global orange oil production. Similarly, Indonesia produces more than 75% of the global clove oil.

Product Segment Analysis:

Orange oil type contributed for the largest share of about 26% from global essential oil market in 2019

The orange oil segment generated maximum revenue and is expected to dominate the market in the near future. As orange oil is thought to tone, firm it and promote the elasticity of the skin; various cosmetic companies are using orange essential oil in their products so as to improve their product value and develop the sensory appeal.

The high share of this segment can also be attributed to its properties of being non-greasy, eco-friendly thus making it suitable for different therapeutic products, pest controls and household cleaners. Orange oil is also useful in enhancing the quality of nails, hair along with skin, thus increasing its demand in women.

Apart from this, the peppermint essential oil market is also considered one of the most potential market due o the versatile properties of this oil. Peppermint oil can be used aromatically, topically as well as internally. This oil is also used widely in the healthcare applications related to the treatment of muscle pain, sinus, cold and headaches.

By Application, Spa & Relaxation contributed for maximum share of 42% of total essential oil market in 2019

Spa & Relaxation segment dominated the market and is expected to show fastest growth of 9.6% during the forecast period. Essential oils are volatile liquids that have properties like antimicrobial and antioxidant which help in treating different stress-related diseases and depression. Changing lifestyle of the consumers globally is attracting different spa & relaxation therapies.

These essential oils are also used while doing acupuncture, topical care and massage therapies. Hence the changing lifestyle leading to depression and high stress coupled with increasing disposable income has boosted the market demand for the aromatherapy market.

Apart from this, the food & beverage application segment has also emerged as one of the major contributors to the global market. It accounted for about 39% of the global market and is expected to grow at a faster CAGR from 2020 to 2027. Essential oils have antimicrobial properties which help in preserving the food & beverage products for a much longer duration. Also, increasing demand for minimally processed, safe and natural food across the globe has substantially boosted the market growth.

Retail Selling segmented accounted for about 63% of the global essential oils market in 2019

Increasing awareness among people regarding the essential oils has boosted the overall retail market and different sub sales channel under it. High consumer awareness along with their rising demand for natural organic ingredients is expected to increase the sales of essential oils globally. Various retail companies are investing huge amounts in the essential oil-based products, thus driving the market.

Various companies like Young Living Essential Oils, doTerra and similar have started adopting different multi-level marketing strategies to enhance their sales. Also, many wholesalers and importers have started launching their own websites apart from their OTC sales channels. Due to the increasing growth rate of retail selling, various distributers are concentrating on online sales thus increasing their geographic reach.

Distillation segment from the extraction methods dominated the essential oils market in 2019

Distillation segment accounted for more than 35% of the overall essential oils market. Distillation is one of the key methods which is used for extraction of the essential oils. Various methods like steam distillation, water distillation and water & steam distillation are used for extracting the essential oils.

While doing distillation, the components of a mixture are being separated by evaporating the entire liquid and then the vapor is condensed into the liquid. While extracting the essential oils which are volatile in nature by distillation method, the water-insoluble substances are separated from the nonvolatile materials.

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Essential Oils Company

Some of the best Essential Oils Company analysis

Young Living Essential Oils (U.S.)
The Lebermuth Company (U.S.)
DoTerra (U.S.)
Flavex Naturextrakte GmbH (Germany)
Ungerer Limited (U.K.)
Biolandes SAS (France)
Reynaud & Fils (HRF) (France)
Farotti S. R. L. (Italy)
Sydney Essential Oil Co. (SEOC) (Australia)
Essential Oils of New Zealand (New Zealand)
India Essential Oils (India)
Falcon Essential Oils (India)
Moksha Lifestyle Products (India)
West India Spices Inc. (Grenada)
The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the essential oils market.

The market segments are as follows:

By Type

Lemon
Orange
Lime
Cornmint
Spearmint oil
Lavender oil
Patchouli oil
Peppermint oil
Citronella oil
Clove leaf oil
Jasmine oil
Geranium oil
Eucalyptus oil
Rosemary oil
Tea tree oil
Others (ginger, sandalwood, chamomile, cedar, ylang, cinnamon, thyme, basil and anise)

By Application

Spa & Relaxation
Aromatherapy
Toiletries
Cosmetics
Fragrances
Others
Food & beverage
Bakery
Dairy
Meat, Poultry & Seafood
Beverages
Others
Medical
Nutraceuticals
Pharmaceutical
Others (paint, insecticides and feed)

By Method of Extraction

Carbon dioxide extraction
Distillation
Solvent extraction
Cold press extraction
Others (maceration and resin tapping)

By Distribution Channel

Direct Distribution
Retail Distribution
E-commerce
Supermarket/ Hypermarket
Pharmaceutical Stores
Retail Stores
Others

Table of Content

1. Preface

2. Research Methodology
2.1. Research Methodology
2.2. Models
2.3. Research limitations

3. Executive Summary

4. Global Production Analysis
4.1. Cost Breakup Analysis
4.2. Export Trend Analysis

5. Procurement Analysis

6. Post COVID-19 Industry Dynamics

7. COVID-19 Impact Analysis on Industry
7.1. Restrictions due to COVID-19
7.2. Demand-side Constraints
7.3. Supply-side Constraints

8. Market Price & Cost Analysis
8.1. Process Analysis of the Market

9. Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1. Upstream Raw Materials Sourcing
9.2. Industrial Chain Analysis
9.3. Downstream Buyers

10. Market Dynamics and Industry Analysis
10.1. Global essential oils Market: Introduction
10.2. Market Drivers
10.2.1. Increased Demand for Food & Beverage and Cosmetic Applications
10.2.2. Increasing Demand for Aromatherapy
10.2.3. Rising consumer preference for natural personal care products
10.3. Market Restraint
10.3.1. Lack of awareness in developing markets
10.3.2. Limited availability of raw materials
10.4. Market Opportunity
10.4.1. Growing Demand from Emerging Countries
10.4.2. Rise in Demand for Natural Ingredients
10.5. Porter’s Five Forces Analysis

11. Trending Insights on Current Market Scenario
11.1. Current Market Trends
11.2. SWOT Analysis
11.3. PESTEL Analysis

12. Market Growth Attractiveness Analysis

13. Competitive Share Analysis
13.1. Company Share Analysis
13.2. Strategic Developments
13.3. Supplier Benchmarking

14. Global essential oils Market: Type Segment Analysis

15. Global essential oils Market: Application Segment Analysis

16. Global essential oils Market: Method of Extraction Segment Analysis

17. Global essential oils Market: Distribution Channel Segment Analysis

18. Global essential oils Market: Regional Analysis
18.1. Regional Overview
18.2. North America
18.2.1. U.S.
18.2.2. Canada
18.2.3. Rest of North America
18.3. Europe
18.3.1. Germany
18.3.2. U.K.
18.3.3. France
18.3.4. Italy
18.3.5. Spain
18.3.6. Russia
18.3.7. Rest of Europe
18.4. Asia Pacific
18.4.1. China
18.4.2. Japan
18.4.3. India
18.4.4. Australia
18.4.5. Southeast Asia
18.4.6. Rest of Asia Pacific
18.5. Latin America
18.5.1. Brazil
18.5.2. Mexico
18.5.3. Rest of Latin America
18.6. Middle East and Africa
18.6.1. Saudi Arabia
18.6.2. South Africa
18.6.3. UAE
18.6.4. Rest of Middle East and Africa

19. Company Profiles

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