Essential oils are concentrated plant extracts that retain their source's natural smell, flavor, and essence. Unique aromatic compounds give each essential oil its characteristic essence. Essential oils are obtained through distillation (via steam and water) or mechanical methods, such as cold pressing. The oils capture the plant's scent and flavor, and essence. They are mostly named after the plant from which they are derived. The applications of essential oils are diverse. Widely used in cosmetics, perfumes, food & beverages, they also have medicinal applications due to their therapeutic properties and agro-alimentary uses because of their antimicrobial and antioxidant effects.
Access Full Report at https://databridgemarketresearch.com/reports/global-essential-oils-market
Data Bridge Market Research analyzes that the Global Essential Oils Market is expected to grow at a CAGR of 9.6% in the forecast period of 2023 to 2030 and is expected to reach USD 21,350.53 million by 2030. The growing sports infrastructure in emerging countries is expected to create an opportunity for market growth.
Key Findings of the Study
Increasing Demand for Aromatherapy is Expected to Drive the Market Growth
Aromatherapy, the therapeutic use of essential oils derived from plants, has gained significant popularity worldwide. This increasing demand for aromatherapy has emerged as a key driving factor for market growth. With the increasing focus on health and well-being, consumers are becoming more aware of the potential risks associated with synthetic chemicals found in traditional products.
For instance,
- In April 2022, according to a research article by CBI (Centre for the Promotion of Imports) Europe, aromatherapy has been gaining popularity in the region. Consumers are seeking green and natural ways for their health maintenance, which is ultimately increasing the demand for essential oils
- In March 2021, according to a research article in Researchgate, various types of essential oils are used in aromatherapy by consumers. Consumers look for aromatherapy with various products such as aromatherapy oil, aromatherapy diffuser, aromatherapy cream, aromatherapy perfume, aromatherapy soap, and aromatic oil among others
Aromatherapy offers a natural alternative, relying on the therapeutic properties of essential oils extracted from plants. This heightened awareness has led to a shift in consumer preferences towards natural therapies, subsequently fuelling the demand for essential oils. Aromatherapy, with its ability to promote relaxation and reduce stress, has gained traction as an effective stress management technique. Essential oils such as lavender, chamomile, and bergamot are known for their calming properties, making them popular choices for stress relief. Due to this shift in the aromatherapy trend, demand for organic and certified 100% pure and natural essential oil is also increased.
For instance,
- In December 2021, Mountain rose herbs launched a new aroma bar designed for high-quality, sustainably sourced essential oils and personal aromatherapy products that stimulate the senses. The Aroma Bar provides a range of essential oils, hydrosols, and aroma blends
- In March 2018, according to The Ohio State University research, people in the U.S. adopted aromatherapy practice and observed its health benefits
The increasing demand for aromatherapy has emerged as a major driving factor for market growth. Factors such as growing awareness of natural therapies, and rising stress levels. The global essential oils market is poised for further growth and expansion as consumers continue to seek natural and holistic approaches to health and well-being.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Year
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Tons, Pricing in USD
|
|
Segments Covered
|
Product (Citrus Oils, Floral Oils, Herbaceous Oils, Camphoraceous Oils, Minty Oils, Spicy Oils, Resinous/Musky Oils, and Woody/Earthy Oils), Types (Singles/Virgin and Blends), Category (Conventional and Organic), Method of Extraction (Hydro-Or-Steam- Distillation, Hydrodiffusion, Cold Press Extraction, Water Distillation, Supercritical Fluid Extraction, Solvent Extraction, Microwave Assisted Process (MAP), Carbondioxide, Extraction, and Others), Application (Food & Beverages, Aromatherapy, Cosmetics & Personal Care, Home Care, Toiletries and Cleaners, Alternative Energy and Medical, Textiles, Automobile Air Fresher, Agriculture, and Others), End Use (Cosmetic Companies, Pharma Companies, Medical Spa, Dermatology Clinics, and Others), Distribution Channel (Direct and Indirect)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Denmark, Norway, Finland, Sweden, Rest of Europe, China, India, Japan, Australia, Indonesia, South Korea, Thailand, Malaysia, Singapore, Philippines, New Zealand, Vietnam, Taiwan, Hongkong and Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, South Africa, Saudi Arabia, U.A.E., Israel, Bahrain, Kuwait, Oman, Qatar, and Rest of Middle East and Africa
|
|
Market Players Covered
|
Kelvin Natural Mint Pvt. Ltd. (India), Young Living Essential Oils (U.S.), Lebermuth, Inc (U.S.), Moksha Lifestyle Products (India), Robertet (France), SOiL Organic Aromatherapy and Skincare (U.S.), dōTERRA (U.S.), Edens Garden (U.S.), ANIMA MUNDI APOTHECARY (U.S.), Sakkara (Egypt), Nefertiti (Egypt), Essential Oils of New Zealand Ltd. (New Zealand), FAROTTI SRL (Italy), LISHA Trade (France), Nefertari, Inc. (U.S.), Cario Aromatic (Egypt), KM Chemicals (India), NOW Foods (U.S.), AROMA TIERRA (U.A.E.), and still pure naturals (pty) ltd. (South Africa) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis
The global essential oils market is segmented into seven notable segments based on product, type, category, method of extraction, application, end use, and distribution channel.
- On the basis of product, the market is segmented into Citrus Oils, floral oils, herbaceous oils, camphoraceous oils, minty oils, spicy oils, resinous/musky oils, and woody/earthy oils. In 2023, the citrus oils segment is expected to dominate the market, growing with a CAGR of 10.4% in the forecast period of 2023 to 2030
In 2023, the citrus oils segment is expected to dominate the global essential oils market
In 2023, the citrus oils segment is expected to dominate the market due to the rising demand for citric oil such as orange oil, lemon, and lime oil among food & beverages manufacturers.
- On the basis of type, the market is segmented into singles/virgin and blends. In 2023, the singles/virgin segment is expected to dominate the market, growing with a CAGR of 9.2% in the forecast period of 2023 to 2030
In 2023, the singles/virgin segment is expected to dominate the global essential oils market
In 2023, the singles/virgin segment is expected to dominate the market due to the increasing demand for individual essential oils products such as lavender and lime oil used for aromatherapy and pharmaceutical sectors.
- On the basis of category, the market is segmented into conventional and organic. In 2023, the conventional segment is expected to dominate the market, growing with a CAGR of 9.2%in the forecast period of 2023 to 2030
- On the basis of method of extraction, the market is segmented into hydro- or- steam- distillation, hydrodiffusion, cold press extraction, water distillation, supercritical fluid extraction, solvent extraction, microwave assisted process (map), carbondioxide extraction, and others. In 2023, hydro- or- steam- distillation segment is expected to dominate the market, growing with a CAGR of 10.1% in the forecast period of 2023 to 2030
- On the basis of application, the market is segmented into Aromatherapy, Cosmetics & personal care, toiletries and cleaners, home care, agriculture, food & beverages, alternative energy and medical, Textiles, automobile air fresher, and others. In 2023, the food & beverages segment is expected to dominate the market, growing with a CAGR of 10.2% in the forecast period of 2023 to 2030
- On the basis of end use, the market is segmented into cosmetic companies, pharma companies, pharma companies, Medical Spa, dermatology clinics, and others. In 2023, the cosmetic companies segment is expected to dominate the market, growing with a CAGR of 9.3% in the forecast period of 2023 to 2030
- On the basis of distribution channel, the market is segmented into direct and indirect. In 2023, the direct segment is expected to dominate the market, growing with a CAGR of 9.8% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in the global essential oils market that include Kelvin Natural Mint Pvt. Ltd. (India), Young Living Essential Oils (U.S.), Lebermuth, Inc (U.S.), Moksha Lifestyle Products (India), Robertet (France), SOiL Organic Aromatherapy and Skincare (U.S.), dōTERRA (U.S.), Edens Garden (U.S.), ANIMA MUNDI APOTHECARY (U.S.), Sakkara (Egypt), Nefertiti (Egypt), Essential Oils of New Zealand Ltd. (New Zealand), FAROTTI SRL (Italy), LISHA Trade (France), Nefertari, Inc. (U.S.), Cario Aromatic (Egypt), KM Chemicals (India), NOW Foods (U.S.), AROMA TIERRA (U.A.E.), and still pure naturals (pty) ltd. (South Africa) among others.
Recent Developments
- In June 2023, ANIMA MUNDI APOTHECARY officially acquired Floracopeia, the essential oils manufacturer. This acquisition will help the company to get a new consumer base into the established market
- In September 2022, Robertet announced the launch of its online shopping platform to extend its range of organic essential oils to new horizons. This will help the company expand its business by increasing its sale through online mode
- In April 2022, Robertet announced its acquisition of Omega Ingredients deals with natural flavors & ingredients for the food & beverage industry. This acquisition will help the company strengthen its position in this industry
- In May 2021, Robertet acquired a Canada-based company named Ecom Food Industries of Toronto which is a manufacturer of specialty natural flavors and extracts. This will help the company expand its business in the food & beverage industries in North America
Regional Analysis
Geographically, the countries covered in the global essential oils market are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Denmark, Norway, Finland, Sweden, Rest of Europe, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, Hong Kong, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, South Africa, Saudi Arabia, U.A.E., Israel, Bahrain, Kuwait, Oman, Qatar, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Europe is expected to dominate the global essential oils market during the forecast period 2023-2030
In 2023, Europe is expected to dominate the market with a significant growth rate and the highest market share due to the presence of a large number of operating major players in the region and the increase in initiatives such as acquisitions, collaborations, and product launch by manufacturers to distribute their products efficiently to the consumer.
Asia-Pacific is the fastest-growing region in the global essential oils market during the forecast period 2023-2030
Asia-Pacific is expected to dominate the market with a significant growth rate and the highest market share due to the presence of a large number of consumers and ongoing opportunities in the region and the increase in initiatives such as acquisitions, collaborations, and product launch by manufacturers to distribute their products efficiently to the consumer.
For more detailed information about the global essential oils market report, click here – https://www.databridgemarketresearch.com/es/reports/global-essential-oils-market
