Press release
Leading Element Driving Change in the Essential Oils Market in 2025: Global Spa Boom Drives Essential Oils Market Expansion Driver
Essential Oils
The worldwide expansion of the spa sector is predicted to fuel the essential oils market's growth. Essential oils, employed in aromatherapy to enhance health and well-being, are gaining popularity among consumers worldwide who prefer natural and organic oil products. The Global Wellness Institute, a nonprofit organisation based in the United States, reported that the spa industry accounted for over 181,000 establishments in 2022, bringing in $105 billion in revenue. Furthermore, it was forecasted that spa income would exceed pre-pandemic figures by 2023, and it is anticipated to grow to $156 billion by 2027. As a result, the growing global spa industry is contributing to the development of the essential oils market.
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How will the growth rate of the essential oils market shape industry trends by 2034?
The market size for essential oils has seen a significant surge in growth lately. The market is projected to escalate from $17.46 billion in 2024 to $19.79 billion in 2025, with a compound annual growth rate (CAGR) of 13.3%. Factors contributing to the growth during the historical period include the popularity of traditional and alternative medicine, increasing trends in aromatherapy, a growing demand for natural and organic products, the growth of the cosmetic and personal care industry, the use of essential oils in food and beverage flavorings, and an elevated awareness of health benefits.
Projected advancements in the essential oils market estimate substantial expansion in the upcoming years, with the market predicted to rise to a value of $37.25 billion by 2029 at a 17.1% compound annual growth rate (CAGR). Factors contributing to this surge during the forecast period include the popularity of wellness and self-care, the widespread use of natural scents in household goods, the growing beauty and personal care industries, dedication to ethical and sustainable practices, and global examination of distinctive plants. Key trends expected during this period comprise growth in developing markets, inventive mixing and formulation techniques, emphasize on sustainable and ethical procurement, increased interest in aromatherapy, and a growing demand for organic and natural products.
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What trends are poised to drive the future success of the essential oils market?
Key players in the essential oils marketplace are honing their focus on crafting innovative products like essential oil diffusers. These systems are engineered to disseminate essential oils through the air, fostering a pleasing and fragrant milieu. For example, Young Living Essential Oils, LC, located in Utah, announced in December 2022 the launch of two new diffusers - 'Duet Diffuser' and 'Sprout the Puppy Diffuser'. Both of these diffusers integrate sophisticated technologies to provide optimal diffusion methods catered to all age groups. The Duet Diffuser leverages atomizing technology that facilitates the dispersion of essential oils without requiring water, thereby augmenting oil diffusion and reducing mess. The Sprout the Puppy presents a charming new niche to beckon young oil aficionados in their aromatic adventures. Equipped with five soothing sound options, 10 LED light displays, and a design that is BPA-free and heat-free, this limited edition diffuser makes a safe and perfect addition to any youngster's room.
Which primary segments of the essential oils market are driving growth and industry transformations?
The essential oils market covered in this report is segmented -
1) By Type: Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil
2) By Method Of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Other Method Of Extraction
3) By Application: Food And Beverage, Aromatherapy, Cosmetics And Toiletries, Pharmaceuticals, Cleaning And Home Care, Animal Feed, Fragrances
Subsegments:
1) By Orange Oil: Sweet Orange Oil, Bitter Orange Oil
2) By Lemon Oil: Cold-Pressed Lemon Oil, Distilled Lemon Oil
3) By Lime Oil: Persian Lime Oil, Key Lime Oil
4) By Peppermint Oil: Mentha Piperita Oil
5) By Cornmint Oil: Mentha Arvensis Oil
6) By Citronella Oil: Java Citronella Oil, Ceylon Citronella Oil
7) By Spearmint Oil: Mentha Spicata Oil
8) By Geranium Oil: Pelargonium Graveolens Oil
9) By Clove Leaf Oil: Eugenia Caryophyllata Oil
10) By Eucalyptus Oil: Eucalyptus Globulus Oil, Eucalyptus Radiata Oil
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Which geographical regions are pioneering growth in the essential oils market?
North America was the largest region in the essential oils market in 2024. Asia-Pacific is expected to be the fastest-growing region in the essential oils market during the forecast period. The regions covered in the essential oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the essential oils market landscape?
Major companies operating in the essential oils market include Cargill Incorporated, Koninklijke DSM N.V., DuPont de Nemours Inc., International Flavors & Fragrances Inc., Essential Oils New Zealand Limited, Givaudan SA, Symrise AG, Mane SA, doTERRA International LLC, Sensient Technologies Corporation, Robertet SA, Firmenich International SA, Ungerer Limited, Aromatics International LLC, Young Living Essential Oils LC, Mountain Rose Herbs, Falcon Essential Oils, The Lebermuth Company Inc., BIOLANDES SAS, Rocky Mountain Oils LLC, Edens Garden, Plant Therapy LLC, Florihana, Aromaaz International, Stillpoint Aromatics LLC, Wyndmere Naturals Inc., Aromatherapy Associates Limited, Farroti Essential Oils Pvt. Ltd., Indian Essential Oils, Oshadhi Ltd., Floracopeia Inc.
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What Is Covered In The Essential Oils Global Market Report?
•Market Size Forecast: Examine the essential oils market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the essential oils market for a structured understanding.
•Key Players Overview: Analyze major players in the essential oils market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the essential oils market.
•Segment Contributions: Evaluate how different segments drive overall growth in the essential oils market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the essential oils market.
•Industry Challenges: Identify potential risks and obstacles affecting the essential oils market.
•Competitive Landscape: Review strategic developments in the essential oils market, including expansions, agreements, and new product launches.
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