Press release
Essential Oils Market Anticipated to Reach US$ 39.1 Bn by 2031 - Persistence Market Research
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response):
https://www.persistencemarketresearch.com/samples/32447
Among the various product types, orange essential oil holds the largest share, commanding 26% of the global market in 2024, due to its widespread applications in skincare, haircare, and therapeutic formulations. In terms of geography, Europe dominates the global essential oils market, accounting for nearly 49% of the total share in 2024. This is attributed to strong institutional frameworks, rising wellness trends, and consumer inclination toward natural and organic products.
Key Highlights from the Report
➔ Europe commands approximately 49% of the global essential oils market share.
➔ Orange essential oil is the leading product segment, with a 26% market share.
➔ The distillation method accounts for 33% of total extraction methods in 2024.
➔ The healthcare and aromatherapy industries are major drivers of demand.
➔ Rising consumer shift toward natural and organic products accelerates market expansion.
➔ Increased use in food & beverage and pharmaceutical sectors enhances growth prospects.
Market Segmentation
The essential oils market is segmented based on product type, method of extraction, source, and region. By product type, orange, turmeric, and nutmeg are among the most prominent, with orange oil taking the lead due to its extensive skincare benefits and pleasant aroma. By extraction method, distillation leads the market thanks to its cost-efficiency and scalability, followed by cold press and carbon dioxide extraction. Sources of essential oils include fruits & vegetables, flowers, and herbs & spices, with fruits and herbs being the most dominant.
Regional Insights
Europe holds a commanding position in the global essential oils market, accounting for nearly half the market share in 2024. The European Federation of Essential Oils (EFEO) plays a crucial role in regulatory advocacy and market development, enhancing consumer trust and standardization. The region benefits from high awareness levels, strong infrastructure, and a growing affinity for wellness and aromatherapy. North America follows closely, driven by increasing adoption in personal care and food sectors. Meanwhile, Asia Pacific is anticipated to witness significant growth due to urbanization, rising disposable incomes, and expansion of spa and wellness centers.
Market Drivers
A key factor propelling market growth is the global shift toward natural and organic products. Consumers increasingly prioritize transparency in sourcing and formulation, favoring essential oils for their therapeutic, anti-inflammatory, and aromatic benefits. The booming wellness and self-care movements have further amplified this demand, with essential oils becoming staples in home care, skincare, and stress management routines.
The aromatherapy and wellness industries also serve as robust growth engines. Essential oils are now integrated into massage therapies, yoga studios, spa treatments, and mental health protocols. Scientific validation of their stress-relieving and pain-management effects continues to expand consumer base and foster new product innovations.
Additionally, essential oils are seeing rising adoption in the food and pharmaceutical industries. They are used as natural preservatives and flavoring agents in food and beverages and are also being explored in clinical settings for their antimicrobial and analgesic properties.
Market Restraints
Despite promising growth, the essential oils market faces challenges such as high production costs and price volatility. Producing essential oils requires large volumes of raw materials, and fluctuations in crop yields due to climate or geopolitical disruptions can significantly affect prices. This unpredictability makes budgeting and planning difficult for both producers and buyers.
Another significant restraint is the lack of standardized regulations across regions. Quality control issues, especially adulteration and false labeling, diminish consumer trust and can hinder widespread adoption. Companies must invest heavily in compliance and certification to ensure product integrity and avoid reputational damage.
Market Opportunities
Opportunities abound in the pharmaceutical and healthcare sectors where essential oils are gaining traction as natural alternatives to synthetic drugs. With increasing interest in holistic medicine and preventive healthcare, essential oils like eucalyptus, lavender, and peppermint are being studied and used for their potent therapeutic properties.
The trend toward preventive wellness offers avenues for essential oils to be marketed alongside dietary supplements. The development of innovative formulations and integration with nanotechnology or transdermal delivery systems could further elevate their appeal. Companies focused on research, transparency, and sustainability are well-positioned to benefit from these emerging opportunities.
Frequently Asked Questions (FAQs)
◆ How big is the global essential oils market in 2024?
◆ What is the projected growth rate of the essential oils market?
◆ Which region is estimated to dominate the essential oils market through 2031?
◆ Who are the key players operating in the essential oils industry?
◆ What are the major factors restraining market growth?
Company Insights
• Young Living Essential Oils
• doTERRA
• Now Health Group, Inc.
• Givaudan SA
• Rocky Mountain Oils, LLC
• NHR Organic Oils
• Ultra International B.V.
• AOS Product Pvt. Ltd.
• Sensient Technologies Corporation
• BMV Fragrances Pvt Ltd
• International Flavors & Fragrances
• Lebermuth Inc.
• Ugerer and company
• Van Aroma
• Falcon Essential Oils
• Naturral & Essentials Oils Pvt Ltd
• Flavaroma
• Prinova Group LLC
• Sydney Essential Oil
• Kush Aroma Exports
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Essential Oils Market Anticipated to Reach US$ 39.1 Bn by 2031 - Persistence Market Research here
News-ID: 4056723 • Views: …
More Releases from Persistence Market Research
Europe Calf Milk Replacer Market to Reach US$1,657.2 Mn by 2032 | Driven by Risi …
The Europe calf milk replacer market is poised for significant growth over the coming years. The market size is projected to reach US$1,018.6 million in 2025 and is anticipated to expand to US$1,657.2 million by 2032, registering a robust compound annual growth rate (CAGR) of 7.2% during the forecast period from 2025 to 2032. The growth trajectory is driven by the increasing awareness among dairy farmers regarding the nutritional requirements…
Croscarmellose Sodium Market to Reach $487 Mn by 2032, Driven by Rising Pharma D …
The global croscarmellose sodium market is projected to witness significant expansion over the forecast period, reflecting the growing adoption of pharmaceutical excipients across diverse applications. Valued at approximately US$ 288.7 million in 2025, the market is expected to reach US$ 487.0 million by 2032, registering a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032. This growth trajectory is driven primarily by increasing demand for orally disintegrating tablets…
Europe Egg Replacement Ingredients Market to Reach $1,711.1 Mn by 2032, Driven b …
The Europe egg replacement ingredients market is witnessing significant expansion, driven by the increasing adoption of plant-based diets and rising consumer awareness regarding health and wellness. The market size is projected to reach US$ 952.2 million in 2025 and is expected to surge to US$ 1,711.1 million by 2032, registering a robust CAGR of 8.7% over the forecast period from 2025 to 2032. The growing demand for clean-label products, vegan…
Kraft Paper Market to Reach US$ 25.0 Billion by 2032: Growth Driven by Rising De …
The global Kraft Paper market is undergoing significant expansion, driven by the accelerating shift toward eco-friendly packaging materials and the rising global awareness surrounding sustainability. As industries worldwide transition from plastic-based packaging to biodegradable alternatives, kraft paper has emerged as one of the most sought-after materials due to its strength, recyclability, and versatility.
According to the latest study by Persistence Market Research, the global Kraft Paper market size is projected to…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
