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Global Thyme Oil Market: By Nature: Organic, Conventional; By Type: Red Thyme Oil, White Thyme Oil; By Application: Pharmaceuticals, Cosmetics, Food Products, Fragrance; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Thyme Oil Market Outlook
The global thyme oil market reached a volume of about 191.45 thousand metric tons in 2020. The market is further expected to grow at a CAGR of 7.8% in the forecast period of 2023-2028.
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Several Health Benefits of Thyme Oil to Aid the Industry Growth, Supported by the Thriving Cosmetics Sector
Thyme oil is enriched with powerful antioxidants and healthful nutrients, and it offers immense health benefits, such as improving heart and respiratory health, promoting digestion, enhancing skin health, and uplifting immunity. Several studies show that thyme essential oil can significantly reduce or eliminate foodborne bacteria, soothe inflammation, and support heart health, among other benefits. Further, the oil is commonly used for aromatic and therapeutic purposes as it contains carvacrol as its active substance, which is known to affect neuron activity in a positive manner, imparting the feeling of well-being. Thyme essential oil is rich in vitamin C and antioxidants and, thus, finds extensive applications in the cosmetic sector. The skincare products containing thyme oil serves as a natural remedy for various skin problems, including acne, rashes, and others, and they also treat various signs of aging, promoting a rejuvenated skin. The aforementioned factors are significantly driving the demand for thyme oil in various application sectors, particularly cosmetics, thus, aiding the industry growth. Region-wise, the growing demand for cosmetics in the Asia Pacific is expected to favour the growth of the industry over the forecast period.
Thyme Oil: Market Segmentation
Thyme oil is the essential oil obtained from the leaves and flowers of the thyme plant, Thymus vulgaris. It contains several compounds, such as carvacrol, thymol, and linalool, among others, that offer immense health benefits. This oil is widely used across various industries for its antibiotic, anti-inflammatory, and antibacterial properties. It is commonly utilised as a preservative in foods, cosmetics, toiletries, and it can also be found as an ingredient in mouthwash.
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Based on nature, the market is divided into:
- Organic
- Conventional
The different types of thyme oil available in the market include:
- Red Thyme Oil
- White Thyme Oil
- Others
On the basis of application, the industry is categorised into:
- Pharmaceuticals
- Cosmetics
- Food Products
- Fragrance
- Others
The various distribution channels of the product include:
- Direct
- Indirect
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Natural Products and the Rising Health Awareness to Bolster the Growth of the Thyme Oil Industry
The growing demand for products with natural ingredients is favouring the growth of the thyme oil industry globally. Further, the rising awareness regarding the various health benefits of thyme oil is significantly contributing to the industry growth. The growth of the end use sectors like cosmetics, foods, and pharmaceuticals is driving the demand for thyme oil. Other factors boosting the industry growth include the rising standards of living, growing per capita expenditure on cosmetics, and the rising influence of social media on consumers’ purchasing behaviour. Over the forecast period, the growing trend of aromatherapy is expected to further propel the industry forward.
Key Industry Players in the Global Thyme Oil Market
The report gives a detailed analysis of the following key players in the global thyme oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Young Living Essential Oils
- Ultra International B.V.
- NOW Health Group, Inc
- Berjé Inc.
- Edens Garden
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Type, Application, Distribution Channel, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Type | Red Thyme Oil, White Thyme Oil, Others |
| Breakup by Application | Pharmaceuticals, Cosmetics, Food Products, Fragrance, Others |
| Breakup by Distribution Channel | Direct, Indirect |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Young Living Essential Oils, Ultra International B.V., NOW Health Group, Inc, Berjé Inc., Edens Garden, Others |
| 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 Thyme Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Thyme Oil Historical Market (2018-2022)
8.3 Global Thyme Oil Market Forecast (2023-2028)
8.4 Global Thyme Oil Market by Nature
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Thyme Oil Market by Type
8.5.1 Red Thyme Oil
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 White Thyme Oil
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Thyme Oil Market by Application
8.6.1 Pharmaceuticals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Cosmetics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Food Products
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Fragrance
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Thyme Oil Market by Distribution Channel
8.7.1 Direct
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Indirect
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Thyme Oil Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Thyme Oil Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Thyme Oil Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Thyme Oil Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Thyme Oil Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Thyme Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Young Living Essential Oils
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Ultra International B.V.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 NOW Health Group, Inc
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Berjé Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Edens Garden
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Thyme Oil Market: Key Industry Highlights, 2016 and 2026
2. Global Thyme Oil Historical Market: Breakup by Nature (Thousand Metric Tons), 2018-2022
3. Global Thyme Oil Market Forecast: Breakup by Nature (Thousand Metric Tons), 2023-2028
4. Global Thyme Oil Historical Market: Breakup by Application (Thousand Metric Tons), 2018-2022
5. Global Thyme Oil Market Forecast: Breakup by Application (Thousand Metric Tons), 2023-2028
6. Global Thyme Oil Historical Market: Breakup by Distribution Channel (Thousand Metric Tons), 2018-2022
7. Global Thyme Oil Market Forecast: Breakup by Distribution Channel (Thousand Metric Tons), 2023-2028
8. Global Thyme Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
9. Global Thyme Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
10. North America Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
11. North America Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
12. Europe Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
13. Europe Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
14. Asia Pacific Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
15. Asia Pacific Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
16. Latin America Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
17. Latin America Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
18. Middle East and Africa Thyme Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
19. Middle East and Africa Thyme Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Thyme Oil Market Structure
Key Questions Answered in the Report
In 2020, the global thyme oil market attained a volume of about 191.45 thousand metric tons.
The market is projected to grow at a CAGR of 7.8% between 2021 and 2026.
The major drivers of the industry, such as the rising disposable incomes, increasing demand for natural products, increasing health awareness, thriving cosmetics industry, and growing research activities, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing consumption of essential oils and the rising demand for aromatherapy.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major nature segments in the market are organic and conventional.
The leading types of thyme oil in the industry are red thyme oil and white thyme oil, among others.
The significant application segments in the market are pharmaceuticals, cosmetics, food products, and fragrance, among others.
The major distribution channels of thyme oil in the industry are direct and indirect.
The major players in the industry are Young Living Essential Oils, Ultra International B.V., NOW Health Group, Inc, Berjé Inc., and Edens Garden, among others.
Analyst Review
The global thyme oil market attained a volume of about 191.45 thousand metric tons in 2020, driven by the rising demand for natural products. Aided by the increasing consumption of essential oils, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is segmented into organic and conventional. Based on type, the industry is divided into red thyme oil and white thyme oil, among others. On the basis of application, the market is segmented into pharmaceuticals, cosmetics, food products, and fragrance, among others. By distribution channel, the market is bifurcated into direct and indirect. The major regional markets for thyme oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Young Living Essential Oils, Ultra International B.V., NOW Health Group, Inc, Berjé Inc., and Edens Garden, 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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