The essential oil extraction market presents several benefits, primarily offering natural, aromatic oils with therapeutic properties. These oils are widely used in aromatherapy, cosmetics, and food flavoring. End-users encompass individuals seeking holistic well-being and industries, including beauty product manufacturers, food processors, and pharmaceutical companies. Essential oils provide diverse health and wellness benefits, from stress relief to skincare, making them a valuable commodity for both consumer and industrial applications and contributing to the growth of this market.
According to Data Bridge Market Research, the Global Essential Oil Extraction Market was valued at USD 10.04 billion in 2021 and is expected to reach the value of USD 21.52 billion by 2029, at a CAGR of 10.00% during the forecast period of 2022 to 2029.
“Long shelf life boosts the market’s growth”
The long shelf life of essential oils serves as a crucial driver for the essential oil extraction market. Essential oils are renowned for their natural preservative properties, enabling them to be stored for extended periods without degradation. This durability attracts consumers and benefits industries such as cosmetics, aromatherapy, and food, where stable, long-lasting products are in demand. The extended shelf life of essential oils enhances their commercial value and drives market growth.
What restraints the growth of the global essential oil extraction market?
“Limited supply of raw materials restraints the market’s growth”
A significant constraint in the essential oil extraction market is the limited supply of raw materials. Many essential oils are derived from specific plant sources, and climate conditions and seasonal availability can affect the yield. Additionally, over-harvesting or unsustainable practices can lead to scarcity. These limitations can drive up raw material costs and hinder the consistent production of essential oils.
Segmentation: Global Essential Oil Extraction Market
The global essential oil extraction market is segmented on the basis of extraction method, products, and application.
- On the basis of extraction method, the global essential oil extraction market is segmented into distillation, cold press extraction, carbon dioxide extraction, solvent extraction, and others.
- On the basis of products, the global essential oil extraction market is segmented into lavender oil, lemon oil, orange oil, frankincense, chamomile oil, lime oil, rosemary, tea tree, patchouli oil, lavandin oil, lemongrass oil, citronella oil, balsam, bergamot, mandarine oil, eucalyptus oil, clove oil, cedarwood oil, coriander oil, basil oil, cornmint oil, peppermint oil, spearmint oil, litsea cubeba oil, and others.
- On the basis of application, the global essential oil extraction market is segmented into food and beverage, cosmetics and toiletries, aromatherapy, home care, health care, and others.
Regional Insights: Asia-Pacific is expected to dominate the Global Essential Oil Extraction Market
The Asia-Pacific (APAC) region is poised for significant growth in the essential oils business during the forecast period. This growth is primarily driven by rising disposable income and increased investments in harnessing natural resources. As consumers in the APAC region seek healthier and more natural products, there is a heightened demand for essential oils across various applications, from aromatherapy to cosmetics, contributing to the expansion of the essential oils market in the region.
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Recent Developments
- In May 2020, Firmenich acquired Les Derives Résiniques et Terpeniques, a prominent supplier of high-quality, renewable, and naturally derived ingredients. This strategic move positions Firmenich as a leader in the renewable ingredient sector, particularly in perfumery and related applications, strengthening its commitment to sustainable and innovative ingredient sourcing.
- In October 2020, dôTERRA introduced several new essential oil products and diffusers. Additionally, they launched three new wellness programs aimed at helping individuals achieve their specific health goals. These initiatives underscore dôTERRA's dedication to enhancing well-being through a diverse range of essential oil offerings and holistic wellness support.
- In February 2021, Givaudan acquired Myrissi, leveraging the latter's AI expertise to further Givaudan's long-term Fragrance and beauty strategy. This acquisition empowers Givaudan to offer innovative organoleptic approaches, enhancing the sensory experiences of consumers and reinforcing its position in the fragrance and beauty industry.
The Prominent Key Players Operating in the Global Essential Oil Extraction Market Include:
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (U.S.)
- Boortmalt (Belgium)
- Indesso, (Spain)
- Lipoid Kosmetic AG,(Germany)
- The Herbarie at Stoney Hill Farm, Inc.(U.S.)
- International Flavors& Fragrances, Inc.(Netherlands)
- Bell Flavors& Fragrances (France)
- Rutland Biodynamics Ltd. (Scotland)
- Prakruti Products Pvt. Ltd (India)
- AmbePhytoextractsPvt. Ltd. (Austria)
- The Green Labs LLC (Netherlands)
- Berje, Inc.(Italy)
- Umalaxmi Organics Pvt. Ltd.(India)
- DSM (Netherlands)
Above are the key players covered in the report, to know about more and exhaustive list of global essential oil extraction market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Essential Oil Extraction Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
