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Global Essential Oils Market Size, Share, Forecast: By Type: Mentha Oil, Orange Oil, Peppermint Oil, Clove Oil; By Application: Flavour and Fragrance, Industrial, Pharmaceuticals; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Essential Oils Market Outlook
The global essential oils market is being driven by the rising production and availability of the products. In 2023, the essential oils market valued at USD 10.59 billion. It is expected to further grow at a CAGR of 9.6% between 2024 and 2032 to reach a value of USD 24.16 billion by 2032.
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In 2018, the industry reached a value of USD 6.91 billion. The essential oils market is significantly supported by a few essential oils such as mint oil, orange oil, and clove oil. India and China are the major sourcing regions for mentha oils. More than half of the global orange oil production takes place in Brazil. It is followed by the United States. The clove oil production is dominated by Indonesia, which produces more than 75% of clove oil globally. Madagascar is also a leading producer of clove oil.
Many developing countries, such as India, Indonesia, and Brazil, are the leading producers and exporters of a variety of essential oils in the global market. Increasing consumer awareness of the medicinal and soothing properties of essential oils are the key drivers of the industry. Some segments of essential oil are also finding extensive application in the food and beverage sector as edible oils, with orange oil being the leading segment. Their rising use in the food and beverage industry is being driven by the increasing demand for natural flavours and ingredients.
Market Segmentation
Essential oils refer to oils derived from natural sources. They capture the fragrance and flavour of the plant, or "essence." Unique aromatic compounds give every essential oil its distinctive essence. They are most widely used in the study of aromatherapy, in which they are inhaled by various methods. The major types of essential oils are:
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- Mentha Oil
- Orange Oil
- Peppermint Oil
- Clove Oil
- Others
They find their applications in:
- Flavour and Fragrance
- Industrial
- Pharmaceuticals
The mentha oil finds its end-uses in the production of tobacco, cosmetics, confectionery, pharmaceuticals, and oral care, among others. Its major regional markets are India, China, Brazil, and the United States, among others. Orange oil is used in personal care, food, and pharmaceuticals, among others. The major regional markets for orange oil are Brazil, the United States, the European Union, Mexico, and China, among others. Peppermint oil, meanwhile, also finds its end-uses in personal care, food, and pharmaceuticals, among others. The United States, India, China, and Brazil among others, are its major regional markets.
The global clove oil market is further divided into products, namely, clove leaf, clove stem, and clove bud oil. It finds its end-uses in food and beverages, pharmaceutical, household care, tobacco, fabric care, and other sectors. The regional markets for the product include Indonesia, Madagascar, Sri Lanka, Comoros, and Tanzania, among others.
The report also covers the regional essential oils markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The essential oils market is significantly driven by the growing demand for natural products. These oils are concentrated and usually have less or no adulteration. A transition from synthetic to natural additives is witnessed owing to the growth in the organic products sector. The increasing awareness regarding health and wellness among the consumers is also aiding the industry growth. The increased application of essential oil in the making of natural flavours and fragrances due to their rising demand across significant industries is also expected to propel the essential oils market growth further. The demand for personal care products, where essential oils are being used in products such as body scrubs, lotions, etc., is expected to increase at a high growth rate, thus, supporting the forecast growth of the essential oils market.
Essential oils are significantly used in spas and therapies. Rising consumer awareness about the medical and relaxing properties of essential oils are the major driving factors of the market. The growing consumer awareness and their increasing demand for natural organic ingredients are expected to increase the demand for essential oils. Major companies are also investing in essential oils-based products, thus, driving the demand for the products. The demand for lemon oil, particularly, is expected to increase among consumers in the coming years, driven by high consumer awareness of its multiple uses as a relaxant, household cleaner, and in skin care applications. The cosmetics market is a crucial driver for the lavender oil demand as it is used in the production of multiple cosmetic products.
The pharmaceutical market also uses essential oils. Oils like onion oil, lemon oil, eucalyptus oil, etc, have medicinal uses and, thus, are used to treat problems topically. The market for mint oil is growing due to the increasing overseas demand for Indian produced menthol. Clove oil, on the other hand, is abundantly used as an anaesthetic in aquariums to euthanize sick or diseased fish by giving an overdose. It is also finding rising use in mouse traps.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global essential oils market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Lebermuth, Inc.
- Sydney Essential Oil Co.
- Biolandes SA
- Young Living Essential Oils
- Givaudan SA
- Farotti SRL
- Robertet SA
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
Key Highlights of the Report
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Essential Oils Market Analysis
8.1 Key Industry Highlights
8.2 Global Essential Oils Historical Market (2018-2023)
8.3 Global Essential Oils Market Forecast (2024-2032)
8.4 Global Essential Oils Market by Type
8.4.1 Mentha Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by End Use
8.4.1.3.1 Tobacco
8.4.1.3.2 Cosmetics
8.4.1.3.3 Confectionery
8.4.1.3.4 Pharmaceuticals
8.4.1.3.5 Oral Care
8.4.1.3.6 Others
8.4.2 Orange Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by End Use
8.4.2.3.1 Personal Care
8.4.2.3.2 Food
8.4.2.3.3 Pharmaceuticals
8.4.2.3.4 Others
8.4.3 Peppermint Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by End Use
8.4.3.3.1 Personal Care
8.4.3.3.2 Food
8.4.3.3.3 Pharmaceuticals
8.4.3.3.4 Others
8.4.4 Clove Oil
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.4.3 Breakup by Product
8.4.4.3.1 Clove Leaf Oil
8.4.4.3.2 Clove Stem Oil
8.4.4.3.3 Clove Bud Oil
8.4.4.4 Breakup by Application
8.4.4.4.1 Food & Beverages
8.4.4.4.2 Household Care
8.4.4.4.3 Pharmaceuticals
8.4.4.4.4 Tobacco
8.4.4.4.5 Fabric Care
8.5 Global Essential Oils Market by Application
8.5.1 Flavor and Fragrance
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceuticals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Essential Oils Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Essential Oils Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Essential Oils Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Essential Oils Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Essential Oils Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Essential Oils Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 3301)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 Mentha Oil Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Orange Oil Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Peppermint Oil Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Clove Oil Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Lebermuth, Inc.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Sydney Essential Oil Co.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Biolandes SA
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Young Living Essential Oils
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Givaudan SA
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Farotti SRL
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Essential Oils Market: Key Industry Highlights, 2018 and 2032
2. Global Essential Oils Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Essential Oils Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Essential Oils Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Essential Oils Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Essential Oils Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Essential Oils Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Essential Oils Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Essential Oils Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Essential Oils Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Essential Oils Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Essential Oils Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Essential Oils Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Essential Oils Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Essential Oils Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Essential Oils Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Essential Oils Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Essential Oils Market Structure
Key Questions Answered in the Report
In 2023, the essential oils market was valued at USD 10.59 billion.
The market is projected to grow at a CAGR of 9.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 24.16 billion by 2032.
The major drivers of the market are growing demand for natural products, increasing awareness regarding health and wellness, and rising demand across significant industries.
The key trends guiding the growth of the market include the rising consumer awareness of the multiple uses of the product, customisation of essential oils, and their use as a functional fragrance.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Mentha oil, orange oil, peppermint oil, and clove oil are the leading types in the global essential oils market.
Flavour and fragrance, industrial, and pharmaceuticals are the major applications of essential oils.
The major players in the market are Lebermuth, Inc., Sydney Essential Oil Co., Biolandes SA, Young Living Essential Oils, Farotti SRL, and Givaudan SA.
Analyst Review
The global essential oils market attained a value of nearly USD 10.59 billion in 2023, driven by growing demand for natural products. Aided by the rising consumer awareness of the product, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.6%. The market is projected to reach a value of USD 24.16 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into mentha oil, orange oil, peppermint oil, clove oil, and others. On the basis of applications, the industry is divided into flavour and fragrance, industrial, and pharmaceuticals. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Lebermuth, Inc., Sydney Essential Oil Co., Biolandes SA, Young Living Essential Oils, Farotti SRL, Robertet SA, and Givaudan SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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