Essential oils Market 2021 Scenario and Competitive Analysis - Cargill, Inc. (US), DuPont (US), Koninklijke DSM N.V. (Netherlands), dōTERRA International LLC (US), Givaudan SA (Switzerland)

Essential oils Market report clearly explains what market definition, classifications, applications, engagements, and market trends are for the industry. This market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This global market research report is a professional and detailed report focusing on primary and secondary drivers, market share, leading segments, and geographical analysis. Analysis and estimation of important industry trends, market size, and market share are mentioned in the Essential oils Market document.

The global essential oils market size is estimated to be valued USD 10.3 billion in 2021 and is expected to reach a value of USD 16.0 billion by 2026, growing at a CAGR of 9.3% in terms of value during the forecast period. In terms of volume, the essential oils market is estimated to account for 253.2 KT in 2021 and is expected to reach at 345.4 KT by 2026, growing at a CAGR of 6.4% during the forecast period. Factors such as an growth in awareness toward preventive healthcare, improvements in the standard of living and rise in double income households, along with increase in demand for aromatherapy are some of the factors driving to the growth of the essential oils market.

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Some of the major players in the market include:

Cargill, Inc. (US),
DuPont (US),
Koninklijke DSM N.V. (Netherlands),
dōTERRA International LLC (US),
Givaudan SA (Switzerland),
Young Living Essential Oils (US),
The Lebermuth Company, Inc. (US),
Symrise (Germany),
Sensient Technologies Corporation (US),
Essential oils of New Zealand (New Zealand),
Firmenich SA (Switzerland),
International Flavors & Fragrances Inc. (US),
Mane (France),
Rocky Mountain Oils LLC (US),
BIOLANDES SAS (France),
Falcon (India),
Farroti (Italy),
Indian Essential Oils (India),
and Ungerer Limited (UK)

“The market for clove leaf is projected to grow at the highest CAGR between 2021 and 2026.”

The market for clove leaf as type segment is growing at the fastest rate during the forecast period. Clove is the dried, unopened flower bud obtained from a middle-sized, evergreen tree. It is found in the Molucca islands in Indonesia. It consists of various nutrients such as protein, volatile oil, non-volatile ether extract (fat), and crude fiber besides mineral matter and vitamins C & A. Globally, India is the largest country to import clove, followed by Singapore and the US. The distillation method of extraction is used to yield a substantial amount of clove leaf oil. The different parts of the clove, such as buds, stem, and leaves, contain eugenol, eugenol acetate, and caryophyllene in various proportions, which provide essential oil.

“Carbon dioxide extraction is the fastest growing market during the forecast period”

It is a method of extracting essential oils using compressed carbon dioxide as a solvent. The manufacturers use this method of extraction for various types of essential oils such as patchouli, jasmine, and lavender to manufacture aromatic products. The carbon dioxide extraction method is considered as a kind of solvent extraction process; however, this has been considered separately in this report as it is a relatively new extraction process. The extraction process is widely used by manufacturers since less residue is produced during the production process for essential oils. This, in turn, leads to high usage of the carbon dioxide extraction process in comparison to other solvent extraction methods.

Aromatherapy is projected to grow at the highest CAGR between 2021 and 2026.”

Essential oils are volatile liquid substances extracted from aromatic plant material by different types of extraction methods. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, resulting in an increase in demand for aromatherapy. The oils are extracted from natural plant sources such as flowers, herbs, and trees. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care.

“Asia Pacific market for essential oils is projected to grow at the highest CAGR during the forecast period. “

The Asia Pacific region is segmented into China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific. It is projected to be the fastest-growing market for essential oils. The increase in preference of consumers for natural essential oil ingredients such as pepper & spearmint and the rise in purchasing power parity in the region is driving the demand for essential oils in applications such as aromatherapy, health care, and food & beverages. It is one of the major essential oil-producing regions; the availability and affordability of these essential oils and the rise in awareness about functionalities, health benefits, and applications of essential oils will drive the growth of this market.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with the key experts.

The breakup of the profiles of primary participants is as follows:

By Manufacturers: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
By Designation: CXOs – 35%, Directors – 45%, Others – 20%
By Geography: Asia Pacific – 45%, Europe – 25%, North America – 10%, South America – 5%, and RoW – 15%

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Research Coverage

The report segments the essential oils market based on type, method of extraction, application, and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the essential oils markets’ high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to Buy the Report:

Illustrative segmentation, analysis, and forecast pertaining to the essential oils market based on chemical type, end use, application area, and geography have been conducted to provide an overall view of the essential oils market
Major drivers, restraints, and opportunities for the essential oils market have been detailed in this report.
A bird’s eye view of the pricing, trade situation, technological changes, and market ecosystem have been provided in the report.
Detailed insights into the competitive landscape has been provided for established players in the industry.
Breakdown of the market share of major players in the essential oils market has been provided after analyzing the segmental revenue, product portfolio, and global presence of the manufacturers

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.1.1 Market Intelligence
1.1.2 Competitive Intelligence
1.2 Market Definition
1.3 Study Scope
Figure 1 Essential Oils Market Segmentation
Figure 2 Regional Segmentation
1.4 Inclusions & Exclusions
1.5 Periodization Considered
1.6 Currency Considered
Table 1 Usd Exchange Rates, 2015–2019
1.7 Volume Units Considered
1.8 Stakeholders
1.9 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 3 Essential Oils Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown Of Primaries
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 5 Essential Oils Market Size Estimation – Supply Side (1/2)
Figure 6 Essential Oils Market Size Estimation – Supply Side (2/2)
Figure 7 Essential Oils Market Size Estimation – Demand Side
2.2.1 Market Size Estimation: Bottom-Up Approach
Figure 8 Essential Oils Market Size Estimation: Bottom-Up Approach
2.2.2 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Essential Oils Market Size Estimation: Top-Down Approach
2.3 Data Triangulation
Figure 10 Data Triangulation
2.4 Assumptions And Limitations
2.4.1 Assumptions
2.4.2 Limitations
2.5 Market Scenarios Considered For The Impact Of Covid-19
2.5.1 Scenario Based Modelling
2.6 Covid-19 Health Assessment
Figure 11 Covid-19 Propagation
Figure 12 Covid-19 Propagation: Select Countries
2.7 Covid-19 Economic Assessment
Figure 13 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
2.7.1 Covid-19 Economic Impact: Scenario Assessment
Figure 14 Criteria Impacting Global Economy
Figure 15 Scenarios In Terms Of Recovery Of Global Economy

3 Executive Summary
Figure 16 Essential Oils Market Share (Value), By Region, 2020
Figure 17 Essential Oils Market Share (Volume), By Region, 2020
Figure 18 Essential Oils Market Size, By Type, 2021 Vs. 2026 (Usd Million)
Figure 19 Essential Oils Market Size, By Application, 2021 Vs. 2026 (Usd Million)
Figure 20 Essential Oils Market Size, By Method Of Extraction, 2021 Vs. 2026 (Usd Million)
Figure 21 Impact Of Covid-19 On The Essential Oils Market Size, By Scenario, 2021 Vs. 2026 (Usd Million)

4 Premium Insights
4.1 Attractive Opportunities In The Essential Oils Market
Figure 22 Essential Oils Market: Emerging With Promising Growth Potential, 2021–2026 (Usd Million)
4.2 Essential Oils Market, By Region
Figure 23 Asia Pacific Projected To Grow At The Highest Rate From 2021 To 2026
4.3 Europe: Essential Oils Market, By Country & Type
Figure 24 Orange Oil To Be The Largest Type In The European Market In 2021
4.4 Essential Oils Market, By Application
Figure 25 Food & Beverages Segment To Be The Largest Market Across All Regions In 2021
4.5 Essential Oils Market: Major Country/Region
Figure 26 India Projected To Account For The Highest Cagr In The Country- & Region-Wise Market, In Terms Of Value
4.6 Product Life Cycle, By Region
Figure 27 Essential Oils Market Is At The Growth Stage
4.7 Covid-19 Impact On The Essential Oils Market
Figure 28 Pre And Post Covid-19 Impact On Essential Oils Market During The Forecast Period (Usd Billion)

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Introduction
5.2.2 Growth In Awareness Toward Preventive Healthcare
Figure 29 Us Health Expenditure In The Last Decade, 2010–2019 (As Share Of Gdp)
5.2.3 Rise In Demand For Essential Oils In Food Products With Extended Shelf Life
5.2.4 Gdp Growth Rate Forecast Of Major Economies
Table 2 Trends And Forecast Of Gdp Growth Rate, 2016–2020
5.2.5 Rise In Depression And Anxiety Disorders
Table 3 Share Of Global Population With Disorder, 2017
5.3 Market Dynamics
Figure 30 Essential Oils Market: Drivers, Restraints, Opportunities, And Challenges
5.3.1 Drivers
5.3.1.1 Increase In Demand For Aromatherapy
Table 4 Essential Oils Most Commonly Purchased By Aromatherapists, 2016–2017
5.3.1.2 Increase In Demand For Food & Beverage And Cosmetic Applications
Figure 31 Europe: Cosmetic Products Market, By Country, 2019
5.3.1.3 Growth In Research & Development Activities
5.3.2 Restraints
5.3.2.1 Depletion Of Natural Resources
5.3.2.2 Side-Effects Associated With Certain Essential Oils
5.3.3 Opportunities
5.3.3.1 Rise In Demand For Natural Ingredients
Figure 32 Us: Total Organic Sales, 2019
5.3.3.2 Growth In Demand From Emerging Countries
5.3.4 Challenges
5.3.4.1 Prevalence Of Synthetic/Adulterated Products
5.4 Covid-19 Impact On The Essential Oils Market
5.5 Value Chain Analysis
5.5.1 Crop Selection
5.5.2 Crop Cultivation
5.5.3 Primary Processing, Drying, And Distillation
5.5.4 Sales & Marketing
5.5.5 Consumers
Figure 33 Essential Oils Market: Value Chain Analysis
5.6 Market Ecosystem
5.6.1 Essential Oils Market Map
5.6.1.1 Upstream
5.6.2 Major Essential Oils Providers
5.6.3 Raw Material Providers Of Essential Oils
5.6.4 Distributors, Wholesalers, And Suppliers
Table 5 Company Market Ecosystem
Table 6 Essential Oils Market: Supply Chain Analysis
5.7 Pricing Analysis: Essential Oils Market, By Type
Figure 34 Pricing Trend Of The Types Of Essential Oils, 2017–2020 (Per Kg)
5.8 Regulatory Framework
5.8.1 Regulations In Europe
5.8.1.1 Regulations In European Union
5.8.2 Regulations In North America
5.8.3 Regulations In Japan
Table 7 Essential Oils Banned By The Ifra
Table 8 Essential Oils Restricted By The Ifra
5.9 Trade Analysis
Figure 35 Export Data Of Essential Oils, 2016–2019 (Usd Million)
Figure 36 Import Data Of Essential Oils, 2016–2019 (Usd Million)
5.10 Patent Analysis
Figure 37 Number Of Patents Granted For Essential Oils Market, 2015–2020
Figure 38 Regional Analysis Of Patents Granted For Essential Oils Market, 2020
Table 9 List Of A Few Patents In The Essential Oils Market, 2020–2021
5.11 Technology Analysis
5.12 Case Study Analysis
5.12.1 Safety Assessment Demand By Industry Players To Ensure Transparency
5.12.1.1 Problem Statement
5.12.1.2 Solution Offered
5.12.1.3 Outcome
5.12.2 Higher Adoption Of Organic Growth Strategies By Key Players
5.12.2.1 Problem Statement
5.12.2.2 Challenge
5.12.2.3 Solution Offered
5.13 Yc–Ycc Shifts In The Essential Oils Market
Figure 39 Demand For Essential Oils Such As Rosemary, Tea Tree, And Other Oils In Aromatherapy For Improving Product Quality Is The New Hot Bet In The Market
5.14 Porter’s Five Forces Analysis
Table 10 Porter’s Five Forces Analysis

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