According to IMARC Group’s latest report, titled “Essential Oils Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global essential oils market reached a value of US$ 10.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2027, exhibiting a CAGR of 9.4% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Essential oils are lubricants made from the roots, seeds, wood, stems, fruits, barks, leaves, flowers, etc., of plant species using carbon dioxide (CO2) extraction, steam distillation, and expression processes. They can be divided into various kinds, such as cedarwood, lavender, eucalyptus, lemongrass, rosemary, etc. Essential oils have unique fragrances and are mainly utilized in manufacturing perfumes, shampoos, soaps, cleaning gels, etc. They enhance the sensory properties of agricultural items, including food commodities and animal feeds, and have several therapeutic characteristics. As a result, essential oils find widespread applications across various sectors, such as healthcare, food and beverage (F&B), aromatherapy, cosmetics, etc.
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Market Trends
The increasing number of individuals diagnosed with dermatological, respiratory, and dental disorders across countries is among the primary factors driving the essential oils market. Besides this, the development of lubricants in several forms, including decongestants, carminative, expectorants, antibacterial, etc., is further augmenting the market growth. Apart from this, the escalating utilization of essential oils as repellents, chemical preservatives, edible film coatings, and odorants in detergents and paints is also catalyzing the global market. Moreover, the growing product popularity in promoting quality and safety of seafood, dairy, cereal-based items, processed fruits, vegetables, etc., on account of the rising need for extended shelf-life, is acting as another significant growth-inducing factor. Furthermore, the introduction of these lubricants as natural additives and flavoring agents in the conservation and preservation of food products is anticipated to bolster the essential oils market in the coming years.
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List of Key Companies Covered in this Market Report:
- Biolandes
- doTerra
- Essential Oils of New Zealand Ltd.
- Falcon Essential Oils
- Farotti S.R.L.
- FLAVEX Naturextrakte GmbH
- Reynaud & Fils
- India Essential Oils
- Moksha Lifestyle Products
- Rocky Mountain Oils LLC
- Sydney Essential Oil Co. (SEOC)
- The Lebermuth Company
- Ungerer Limited
- Young Living Essential Oils.
The report has segmented the market on the basis of product, application, sale channel and geography.
Breakup by Product:
- Cedarwood Oil
- Eucalyptus Oil
- Lavender Oil
- Lemongrass Oil
- Rosemary Oil
- Tea Tree Oil
- Ylang Ylang Oil
- Others
Breakup by Application:
- Medical
- Pharmaceutical
- Nutraceuticals
- Food and Beverages
- Bakery and Confectionery
- Beverages
- Meat, Poultry and Seafood
- Others
- Spa and Relaxation
- Aromatherapy
- Personal Care
- Cosmetics
- Toiletries
- Others
- Cleaning and Home
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaner
- Others
- Others
Breakup by Sales Channel:
- Offline Stores
- Online Stores
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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