2028 Essential Oils Industry Report Growth Forecasts

Stratistics MRC’s Global Essential Oils Market value expected to reach $19.78 billion growing at a CAGR of 11.2% during 2020-2028.

An essential oil is a concentrated hydrophobic liquid containing volatile (easily evaporated at normal temperatures) chemical compounds from plants. Essential oils are also known as volatile oils, ethereal oils, aetheroleum, or simply as the oil of the plant from which they were extracted, such as oil of clove. An essential oil is essential in the sense that it contains the essence of the plant's fragrance which is the characteristic fragrance of the plant from which it is derived. The term essential used here does not mean indispensable or usable by the human body, as with the terms essential amino acid or essential fatty acid, which are so called because they are nutritionally required by a given living organism.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence of a large population, along with various untapped markets, which are likely to attract key players’ attention to expand and establish their operation and distribution facilities in this region.

Some of the key players profiled in the Essential Oils Market include BIOLANDES SAS, Cargill, Inc, dôTERRA International LLC, DuPont, Falcon, Farroti, Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc, Koninklijke DSM N.V, Mane, ROBERTET SA, Rocky Mountain Oils LLC, Sensient Technologies Corporation, Symrise, The Lebermuth Company, Inc, Ungerer Limited, and Young Living Essential Oils.
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