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Global Essential Oils Market: By Type: Mentha Oil, Orange Oil, Peppermint Oil, Clove Oil, Others; By Application: Flavour and Fragrance, Industrial, Pharmaceuticals; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Essential Oils Market Outlook
The global essential oils market is being driven by the rising production and availability of the products. In 2020, the availability of essential oils was 177.6 thousand metric tons. It is expected to further grow at a CAGR of 8.8% between 2021 and 2026 to reach a volume of 294.5 thousand metric tons by 2026.
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In 2018, the industry reached a value of USD 6.8 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.
Properties and Applications
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:
- Robertet Group
- Biolandes SA
- Sydney Essential Oil Co.
- Lebermuth, Inc
- Young Living Essential Oils
- Ungerer Limited
- Farotti Srl
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Essential Oils Market Analysis
6.1 Figure: Global Essential Oils Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Essential Oils Market Breakup by Type
6.2.1 Mentha Oil
6.2.2 Orange Oil
6.2.3 Peppermint Oil
6.2.4 Clove Oil
6.2.5 Others
6.3 Figure: Global Essential Oils Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Mentha Oil
6.3.2 Orange Oil
6.3.3 Peppermint Oil
6.3.4 Clove Oil
6.3.5 Others
6.4 Chart: Global Essential Oils Market Breakup by Application
6.4.1 Flavour and Fragrance
6.4.2 Industrial
6.4.3 Pharmaceuticals
6.5 Figure: Global Essential Oils Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Flavour and Fragrance
6.5.2 Industrial
6.5.3 Pharmaceuticals
6.6 Chart: Global Essential Oils Market Breakup by Region
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 France
6.6.2.3 United Kingdom
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Mexico
6.6.4.4 Others
6.6.5 Middle East and Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Figure: Global Essential Oils Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
6.7.1.1 United States of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 Germany
6.7.2.2 France
6.7.2.3 United Kingdom
6.7.2.4 Italy
6.7.2.5 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 ASEAN
6.7.3.5 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Argentina
6.7.4.3 Mexico
6.7.4.4 Others
6.7.5 Middle East and Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
6.8 Global Mentha Oil Market Analysis
6.8.1 Global Mentha Oil and Menthol Historical Market (2016-2020) & Forecast (2021-2026)
6.8.2 Chart: Global Mentha Oil Market Breakup by End Use
6.8.2.1 Tobacco
6.8.2.2 Cosmetics
6.8.2.3 Confectionery
6.8.2.4 Pharmaceuticals
6.8.2.5 Oral Care
6.8.2.6 Others
6.8.3 Chart: Global Mentha Oil Market Breakup by Countries
6.8.3.1 India
6.8.3.2 China
6.8.3.3 Brazil
6.8.3.4 United States
6.8.3.5 Others
6.9 Global Orange Oil Market Analysis
6.9.1 Global Orange Oil Historical Market (2016-2020) & Forecast (2021-2026)
6.9.2 Chart: Global Orange Oil Market Breakup by End Use
6.9.2.1 Personal Care
6.9.2.2 Food
6.9.2.3 Pharmaceuticals
6.9.2.4 Others
6.9.3 Chart: Global Orange Oil Market Breakup by Countries
6.9.3.1 Brazil
6.9.3.2 United States
6.9.3.3 European Union
6.9.3.4 Mexico
6.9.3.5 China
6.9.3.6 Others
6.10 Global Peppermint Oil Market Analysis
6.10.1 Global Peppermint Oil Historical Market (2016-2020) & Forecast (2021-2026)
6.10.2 Chart: Global Peppermint Oil Market Breakup by End Use
6.10.2.1 Personal Care
6.10.2.2 Food
6.10.2.3 Pharmaceuticals
6.10.2.4 Others
6.10.3 Chart: Global Peppermint Oil Market Breakup by Countries
6.10.3.1 United States
6.10.3.2 India
6.10.3.3 China
6.10.3.4 Brazil
6.10.3.5 Others
6.11 Global Clove Oil Market Analysis
6.11.1 Global Clove Oil Historical Market (2016-2020) & Forecast (2021-2026)
6.11.2 Chart: Global Clove Market Breakup by Product
6.11.2.1 Clove Leaf Oil
6.11.2.2 Clove Stem Oil
6.11.2.3 Clove Bud Oil
6.11.3 Chart: Global Clove Market Breakup by Application
6.11.3.1 Food & Beverages
6.11.3.2 Pharmaceutical
6.11.3.3 Household Care
6.11.3.4 Tobacco
6.11.3.5 Fabric Care
6.11.3.6 Others
6.11.4 Chart: Global Clove Market Breakup by Countries
6.11.4.1 Indonesia
6.11.4.2 Madagascar
6.11.4.3 Sri Lanka
6.11.4.4 Comoros
6.11.4.5 Tanzania
6.11.4.6 Others
7 Global Essential Oil Price Analysis
7.1 Mentha Oil Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.1.1 North America
7.1.2 Europe
7.1.3 Asia Pacific
7.1.4 Latin America
7.1.5 Middle East and Africa
7.2 Orange Oil Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East and Africa
7.3 Peppermint Oil Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.3.1 North America
7.3.2 Europe
7.3.3 Asia Pacific
7.3.4 Latin America
7.3.5 Middle East and Africa
7.4 Clove Oil Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.4.1 North America
7.4.2 Europe
7.4.3 Asia Pacific
7.4.4 Latin America
7.4.5 Middle East and Africa
8 Global (HS Code: 3301) Trade Analysis
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 Global Essential Oil Feedstock Seasonality Analysis
9.1 Menthol
9.2 Orange
9.3 Eucalyptus
9.4 Nutmeg
9.5 Cinnamon
9.6 Cedar Leaf
9.7 Cedar Wood
9.8 Gum Turpentine
9.9 Star Anise
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Porter’s Five Forces Analysis
11.1 Overview
11.2 Buyer’s Power
11.3 Supplier’s Power
11.4 New Entrants
11.5 Degree of Rivalry
11.6 Substitutes
12 Value Chain Analysis
12.1 Mint Oil
12.2 Orange Oil
12.3 Peppermint Oil
12.4 Clove Oil
13 EMR’s Key indicators for Demand
14 EMR’s Key Indicator for Price
15 Procurement Strategy
15.1 Sourcing Strategy
15.2 Vendor Management
15.3 Engagement Models
15.4 Pricing Models
16 Cost Analysis
16.1 Cost of Raw Material
16.2 Utilities
16.3 Manpower
16.4 Other Cost
17 Competitive Landscape & Supplier Analysis
17.1 Robertet Group
17.1.1 Company Overview
17.1.2 Financial Analysis
17.2 Biolandes SA
17.2.1 Company Overview
17.2.2 Financial Analysis
17.3 Sydney Essential Oil Co.
17.3.1 Company Overview
17.3.2 Financial Analysis
17.4 Lebermuth, Inc
17.4.1 Company Overview
17.4.2 Financial Analysis
17.5 Young Living Essential Oils
17.5.1 Company Overview
17.5.2 Financial Analysis
17.6 Ungerer Limited
17.6.1 Company Overview
17.6.2 Financial Analysis
17.7 Farotti Srl
17.7.1 Company Overview
17.7.2 Financial Analysis
18 Industry Events and Developments
Additional Customisations Available:
19 Manufacturing Process
19.1 Detailed Process Flow
19.2 Operations Involved
19.3 Mass Balance
20 Production Cost Analysis and Project Economics
20.1 Land, Location and Site Development
20.2 Construction
20.3 Plant Machinery
20.4 Cost of Raw Material
20.5 Packaging
20.6 Transportation
20.7 Utilities
20.8 Manpower
20.9 Other Capital Investment
Analyst Review
The global availability of essential oils was 177.6 thousand metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.8%. The availability is projected to reach 294.5 thousand metric tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the essential oils market can be segmented into mentha, orange, peppermint, and clove oil, among others. They find their applications in flavour and fragrance, industrial, and pharmaceuticals sectors. The major regional markets for the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with India, Indonesia, and Brazil being the leading producers in the industry. The key players in the above industry are Robertet Group, Biolandes SA, Sydney Essential Oil Co., Lebermuth, Inc, Young Living Essential Oils, Ungerer Limited, and Farotti Srl.
The major drivers of the industry such as rising disposable incomes, increasing health awareness, rising demand for natural products, and a growing demand from the personal care sector are driving the growth of the essential oils market globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global essential oils market performed in the previous years (2016-2020)?
- What is the forecast assessment of the essential oils market for 2021-2026?
- What are the major industry drivers and constraints?
- What are the major price and demand indicators of the global essential oils market?
- What are the price trends of mentha, orange, peppermint, and clove oil in the global essential oils market?
- Who are the key manufacturers of mentha, orange, peppermint, and clove oil and their feedstock menthol, orange, eucalyptus, nutmeg, cinnamon, cedar leaf, cedar wood, gum turpentine, and star anise in the global market?
- What are the import and export trends in the global essential oils market?
- Who are the top importers and exporters of the product in the industry globally?
- What is the degree of competition in the global essential oils market?
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