The global essential oil market size is projected to reach from US$ xx.xx billion to US$ xx.xx billion at a CAGR of xx% by end of the forecast year. Essential oils, also known as aetherolea oils/volatile oils/ethereal oils that are derived from stems, leaves, bark, flowers, roots, and others. Essential oil is achieved from variety of plants and herbs, such as eucalyptus, orange, corn mint, lemon, citronella, peppermint, and spearmint by using various methods such as water and steam distillation. An essential oil comprises core of the plant and volatile aroma combinations which it is derived. These oils are basically used in foods & beverages, cosmetics & toiletries and others.
Increasing demand for pharmaceutical ingredients, odorants, flavors, and odorants is major factor driving global essential oil market growth in various end-use industries. Rising demand for R&D and technological advancements are expected to grow the essential oil market share in developing economies.
The rapid development of food & beverage trades and growing consumer disposable incomes are projected to boost the demand for flavors and fragrances made using essential oils. These aromas provide stimulation in massages, aromatherapy, and other relaxation procedures. The overall health benefits related with essential oils are estimated to drive this market demand in pharmaceutical and medical applications. Geographically, Asia Pacific is anticipated to be the largest regional market which valued for xx.x% of the essential oil market share in previous year.
The essential oil market is basically segmented based on application, product type, and geography. By product type, the global essential oil market size is classified as eucalyptus, orange, peppermint, corn mint, lime, clover leaf, citronella, lemon, spearmint, and others. Among these, orange oil segment valued for the maximum essential oil market share and is expected to grow its position in coming years, owing to its antidepressant, antispasmodic, and anti-inflammatory product characteristics. By application, the global essential oil market size is classified as medical, food & beverages, spa & relaxation, cleaning & home, and others. Amid these, spa & relaxation is projected be the wildest growing application segment. Based on geography, this market is classified as Europe, Asia-Pacific, North America, and LAMEA. The major factors in essential oil market trends are colossal price competitiveness and technological followed in the global market.
Essential Oil Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||US$ 34.6 billion|
|Growth Rate||CAGR of 7.2 % during 2022-2030|
|Segment Covered||By Sales Channel, By Method of Extraction, Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Bo International, Kanta Enterprises Private Limited, Falcon Essential Oils, Indian Aroma Exports, India Essential Oils, Shiv Sales Corporation, AG Industries, BMV Fragrances Pvt. Ltd, Moksha Lifestyle Products|
Key segments of the global Essential Oil market
By Sales Channel 2018-2030 (USD Million)
• Direct Selling
• Online Sales
By Method of Extraction 2018-2030 (USD Million)
• Carbon dioxide extraction
• Cold press extraction
• Solvent extraction
Regional Overview, 2018-2030 (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America