Essential Oil Market

“Essential Oil Market - Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global essential oil market. Essential oils are water-insoluble, volatile, aromatic liquids obtained from roots, woods, barks, stems, leaves, fruits, flowers, and seeds through steam distillation and carbon dioxide extraction processes. Lavender, peppermint, eucalyptus, lemongrass, rosemary, and bergamot oil are some of the commonly available essential oils. They are widely used in aromatherapy to improve mood, reduce stress, relieve headaches, and improve sleep. Essential oils are also known for their antibiotic, antimicrobial, and antioxidant properties that assist in reducing inflammation, boosting mood, improving digestion, and killing bacteria. As a result, they find extensive applications in cosmetics, personal care, food and beverage (F&B), and pharmaceutical industries.

The rising popularity of naturopathy as alternative medicine that uses natural and non-invasive treatment methods has significantly surged the global demand for essential oils, which is creating a positive outlook for the market.  In line with this, the increasing awareness about the harmful effects of allopathic medications has resulted in a shifting consumer inclination towards essential oils to treat cough, bronchitis, and other respiratory and dental disorders, which is acting as another growth-inducing factor. Additionally, widespread product adoption in spas and aromatherapy to soothe the mind and body, ease stress, and improve sleep is driving the growth of the market. Moreover, the introduction of new product variants in innovative aromas and flavors, such as chamomile, tea tree, lavender, and mandarin, is propelling the market growth. Moreover, the increasing demand for essential oils in the food and beverage (F&B) industry as natural additives, flavoring agents, and preservatives to formulate candies, meats, soft drinks, chocolates, sauces, pickles, and flavored desserts is providing an impetus to market growth. They are also extensively used for manufacturing infant-related products due to their soothing, antifungal, and disinfectant properties, which is providing a considerable boost to the market. Furthermore, the widespread product incorporation in toiletries, such as soaps, shampoos, and serums, is positively impacting the market growth. Other factors, including increasing product demand in the paint industry, the implementation of various government initiatives promoting the use of organic products, and rising incidences of lifestyle diseases, are anticipated to drive the market toward growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the essential oil market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the essential oil market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the essential oil market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the essential oil Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the essential oil Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the essential oil Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the essential oil Industry. Furthermore, the value chain analysis of the essential oil Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Product:

• Orange Oil     
• Lemon Oil      
• Lime Oil         
• Peppermint Oil           
• Cornmint Oil  
• Citronella Oil                         
• Spearmint Oil                                                 
• Geranium Oil                                     
• Clove Leaf Oil                                               
• Eucalyptus Oil                                               
• Jasmine Oil                                                    
• Rosemary Oil                                                 
• Tea Tree Oil                                                   
• Lavender Oil                                                  
• Others

Segmentation by Method of Extraction:

• Distillation
• Carbon Dioxide Extraction
• Cold Press Extraction
• Solvent Extraction
• Other Extraction Methods

Segmentation by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Departmental Stores
• Online
• Others

Segmentation by Application:

• Food & Beverages
• Cosmetics & Toiletries
• Aromatherapy
• Home Care
• Health Care
• Others

Segmentation by Region:

• Asia pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• Cargill
• DuPont
• Koninklijke DSM N.V.
• Doterra International LLC.
• Givaudan SA
• Firmenich SA
• Young Living Essential Oils
• Sensient Technologies Corporation
• The Lebermuth Company, Inc.

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the essential oil industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the essential oil industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the essential oil industry. Furthermore, the value chain analysis of the essential oil industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Key Segments and Highlights of the global essential oil market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis 
          

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the essential oil industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.