글로벌 에센셜 오일 시장 규모, 점유율 및 추세 분석 보고서 – 산업 개요 및 2031년까지의 예측

에센셜 오일 시장 분석

글로벌 에센셜 오일 시장은 강력한 성장을 목격하고 있으며, 주로 식품 및 음료, 화장품, 의약품을 포함한 다양한 부문에서 천연 및 유기농 제품에 대한 소비자 선호도가 높아짐에 따라 촉진되었습니다. 에센셜 오일의 건강상의 이점에 대한 인식 증가와 지속 가능하고 클린 라벨 제품에 대한 추세와 같은 요인이 시장 수요를 주도하고 있습니다. 또한, 추출 기술의 혁신과 아로마테라피 및 개인 관리를 포함한 다양한 응용 분야의 개발은 시장 기회를 더욱 향상시킵니다. 그러나 변동하는 원자재 비용 및 엄격한 규제와 같은 과제는 업계 참여자에게 장애물이 될 수 있습니다. 소비자가 웰빙과 천연 성분을 계속 우선시함에 따라 에센셜 오일 시장은 앞으로 몇 년 동안 지속적인 확장을 앞두고 있습니다.

에센셜 오일 시장 규모

글로벌 에센셜 오일 시장 규모는 2023년에 112억 3천만 달러로 평가되었으며, 2031년까지 234억 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 9.60%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 가격 분석, 브랜드 점유율 분석, 소비자 설문 조사, 인구 통계 분석, 공급망 분석, 가치 사슬 분석, 원자재/소모품 개요, 공급업체 선택 기준, PESTLE 분석, Porter 분석 및 규제 프레임워크가 포함됩니다.

에센셜 오일 시장 동향

“아로마테라피 인기 증가”

에센셜 오일 시장에서 주목할 만한 추세는 아로마테라피의 인기 증가입니다. 이 관행은 치료 목적으로 에센셜 오일을 활용하여 신체적, 정서적 웰빙을 증진합니다. 소비자들은 특히 정신 건강 문제에 대한 인식이 커짐에 따라 스트레스 해소와 이완을 위한 자연스러운 솔루션을 점점 더 찾고 있습니다. 예를 들어 라벤더 오일은 진정 효과로 유명하여 많은 가정과 웰빙 센터에서 필수품으로 자리 잡았습니다. 아로마테라피 제품에 대한 수요가 증가함에 따라 기업들은 디퓨저와 사전 혼합 에센셜 오일을 포함하여 제품을 확대하게 되었습니다. 소비자들이 전체론적 건강 접근 방식을 우선시함에 따라 에센셜 오일 시장이 번창할 것으로 예상됩니다.

보고서 범위 및 에센셜 오일 시장 세분화        

에센셜 오일 시장 정의

에센셜 오일은 증기 증류 또는 냉간 압착과 같은 공정을 통해 얻은 농축되고 휘발성 식물 추출물입니다. 식물의 자연스러운 향과 유익한 특성을 포착하여 아로마테라피, 화장품 및 식품 향료로 인기를 얻고 있습니다. 에센셜 오일은 이완, 기분 개선 및 웰빙 향상을 포함한 다양한 건강상의 이점을 증진할 수 있습니다.

에센셜 오일 시장 동향

운전자

• 허브 치료제로서의 에센셜 오일에 대한 인식과 활용 증가

The global essential oils market has been experiencing significant growth, primarily driven by the increasing utilization of essential oils in herbal medicines. With their therapeutic properties and aromatic qualities, essential oils have been valued for centuries, and the contemporary consumer trend toward natural and organic products has further fueled this demand. A notable instance is a research article published in the Journal of Multidisciplinary Healthcare in May 2021, which reported that over half of the respondents in South West Ethiopia demonstrated good awareness regarding the safety of herbal medicines. As consumers seek natural alternatives to conventional treatments, essential oils, derived from plants through distillation or cold-pressing methods, are gaining traction for their eco-friendly and chemical-free profiles. These oils exhibit a wide array of therapeutic properties, such as antimicrobial, antiviral, anti-inflammatory, and antioxidant effects, making them integral to herbal medicine formulations. The growing recognition of essential oils by healthcare professionals and the broader acceptance of herbal medicines as safer, holistic alternatives to synthetic drugs have significantly contributed to their rising use. Consequently, this trend towards incorporating essential oils in herbal remedies is anticipated to drive market growth as consumer interest in natural health solutions continues to expand.

• Increasing Awareness of the Health Benefits of Essential Oils

The essential oils market is experiencing significant growth, primarily driven by the increasing awareness of their health benefits. As consumers adopt a natural and holistic approach to wellness, essential oils derived from plants are increasingly viewed as effective alternatives to synthetic products. This growing interest in holistic health has spurred demand for essential oils, which are recognized for their positive effects on physical, mental, and emotional well-being. For instance, a November 2022 article by WebMD highlighted how inhaling specific essential oils, such as orange oil, can help manage stress and anxiety. As consumers become more informed about the therapeutic properties of various oils, they are incorporating them into their daily routines. The proliferation of information through online resources, social media, and health publications has educated consumers about the uses, applications, and precautions of essential oils. This enhanced understanding empowers individuals to make informed health decisions, leading to higher adoption rates of essential oils and contributing significantly to the market's expansion.

Opportunities

• Increasing Research and Development and Advancements in Innovative Technologies

Increased research and development activities in essential oil production is emerging as a significant opportunity for the growth of the global essential oil market. As manufacturers and researchers focus on enhancing extraction techniques, quality control measures, and broadening the applications of essential oils, they create new avenues to address evolving consumer demands. R&D initiatives prioritize optimizing extraction methods, including innovative techniques such as supercritical fluid extraction and ultrasound-assisted extraction, which improve efficiency and yield. The exploration of advanced technologies and equipment aims to enhance the quality, purity, and aromatic profiles of essential oils, allowing manufacturers to boost productivity, lower production costs, and elevate overall product quality. For instance, in September 2022, India Science, Technology & Innovation reported that the CSIR (Council of Scientific and Industrial Research)-NEIST (North East Institute of Science and Technology) has developed distillation plants tailored to the environmental conditions of the North Eastern region. Using steam distillation, they extract essential oils from various oil-bearing plants, such as citronella, lemongrass, patchouli, geranium, and palmarosa, which are expected to significantly contribute to export marketing efforts.

• Rise of E-Commerce

The rise of e-commerce presents a significant opportunity for essential oils brands to expand their reach and connect with a broader audience. As more consumers turn to online shopping for convenience and variety, establishing a robust online presence becomes essential. Brands can enhance their visibility and sales by creating user-friendly websites, offering subscription models for regular deliveries, and utilizing social media platforms for targeted marketing campaigns. For instance, companies such as doTERRA and Young Living have successfully leveraged e-commerce by selling their products through their websites and engaging customers via social media to promote essential oil education and lifestyle tips. This direct-to-consumer approach allows brands to build a loyal community and encourage repeat purchases. Moreover, the ability to share customer testimonials and product benefits online fosters trust and transparency, further driving sales. As e-commerce continues to grow, capitalizing on this trend will be crucial for essential oils brands looking to thrive in a competitive market, making it a key market opportunity for expansion.

Restraints/Challenges

• Increasing Allergies Related to Essential Oils Due to Insufficient Consumer Awareness

The global essential oils market is encountering a significant challenge due to the increasing incidence of allergies related to their use. This rise in allergies is largely attributed to consumers' insufficient awareness of the potential risks and appropriate usage of essential oils. Many individuals are unaware that natural products can pose risks, including allergic reactions, skin sensitization, and respiratory issues, which can result in improper and uninformed usage. Essential oils comprise a complex blend of chemical compounds that may provoke sensitization and allergic reactions in sensitive individuals. Common allergens found in these oils include limonene, linalool, eugenol, and geraniol. Prolonged or excessive exposure to these substances can lead to sensitization, causing the immune system to react negatively upon subsequent encounters. This lack of awareness surrounding the safe use of essential oils poses a significant challenge to the market.

• Elevated Production Costs for Essential Oils

The production process of essential oils encompasses several stages, beginning with the procurement of raw materials from farmers, followed by extraction using methods such as cold-pressed or enzymatic extraction, and concluding with packaging and distribution. The production costs are influenced by the availability of essential resources, including seeds, fertilizers, water, production equipment, and favorable weather conditions. Any shortfall in these resources can disrupt production and escalate costs. Additional challenges include price fluctuations and the complexities of exchange dynamics. Throughout the production process, cost considerations are paramount, as they encompass the price of raw materials and factors such as labor, capital, and technology. The interplay of these inputs and their efficient combination directly affects production costs, making it a significant challenge for the essential oils market.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Essential Oils Market Scope

The market is segmented on the basis of product, types, category, method of extraction, application, end use, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Citrus Oils
• Floral Oils
• Herbaceous Oils
• Camphoraceous Oils
• Minty Oils
• Spicy Oils
• Resinous/Musky Oils
• Woody/Earthy Oils

Types

• Singles/Virgin
• Blends

Category

• Conventional
• Organic

Method of Extraction

• Hydro or Steam Distillation
• Hydrodiffusion
• Cold Press Extraction
• Water Distillation
• Supercritical Fluid Extraction
• Solvent Extraction
• Microwave Assisted Process (MAP)
• Carbon Dioxide Extraction
• Others

Application

• Food & Beverages
• Aromatherapy
• Cosmetics & Personal Care
• Home Care
• Toiletries and Cleaners
• Alternative Energy and Medical
• Textiles
• Automobile Air Fresheners
• Agriculture
• Others

End Use

• Cosmetic Companies
• Pharma Companies
• Medical Spas
• Dermatology Clinics
• Others

Distribution Channel

• Direct
• Indirect

Essential Oils Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, product, types, category, method of extraction, application, end use, and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

In Europe, France is leading the espresso coffee market and is projected to experience significant growth during the forecast period. This expansion can be attributed to the country's substantial coffee production capabilities and the widespread availability of various espresso products. Additionally, the increasing interest in coffee culture among consumers, particularly younger demographics, is driving demand. As more coffee shops and specialty cafés continue to emerge, France is poised to maintain its dominant position in the market while catering to a growing customer base that seeks high-quality espresso experiences.

In North America, the United States stands out as the leading country in the espresso coffee market, largely due to its expanding applications within the supplement and pharmaceutical industries. The rising demand for functional beverages that offer health benefits has propelled espresso coffee into various sectors, including dietary supplements and wellness products. This trend is further fueled by increasing consumer awareness of the health advantages associated with espresso, such as its antioxidant properties and potential cognitive benefits. As the market continues to evolve, the U.S. is expected to maintain its dominant position by capitalizing on these emerging opportunities and catering to health-conscious consumers seeking quality espresso-based options.

In the Asia-Pacific, China is anticipated to lead the espresso coffee market, driven by rising disposable incomes among consumers. Additionally, the country is witnessing increased investments in the utilization of natural resources, which supports the development and production of high-quality coffee products, further fueling market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Essential Oils Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Essential Oils Market Leaders Operating in the Market Are:

• 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 (South Africa)
• dōTERRA (U.S.)
• Edens Garden (U.S.)
• ANIMA MUNDI APOTHECARY (U.S.)
• Sakkara (U.S.)
• Nefertiti (Egypt)
• Essential Oils of New Zealand Ltd. (New Zealand)
• FAROTTI SRL (Italy)
• LISHA Trade (Turkey)
• Nefertari, Inc. (U.S.)
• Cario Aromatic (Egypt)
• KM Chemicals (India)
• NOW Foods (U.S.)
• AROMA TIERRA (India)
• Still Pure Naturals Ltd. (South Africa)

Latest Developments in Essential Oils Market

• In June 2023, Turpaz Industries revealed its acquisition of Food Base, a Hungarian company focused on developing and marketing essential oils, herbal extracts, and flavors for the food and beverage sector, for a total value of USD 9.5 million (approximately 3.3 billion Hungarian Forint)
• In September 2022, MANE KANCOR inaugurated its Innovation Center in Angamaly, dedicated to developing innovative solutions in natural shelf-life, natural colors, culinary flavors, personal care ingredients, and nutraceutical products.
• In July 2022, doTERRA announced its rapid expansion into India, which is strategically beneficial for its global growth, given that the company's essential oils are sourced from regions including India, Asia, the Pacific, the Middle East, and Africa.
• In July 2022, Sensient expanded its flavor portfolio through the acquisition of Flavor Solutions, Inc. (U.S.), enhancing its traditional flavor offerings with savory reaction flavors, technologies for natural shelf-life extension, and advanced taste-modulation platforms for sweetness enhancement and salt reduction.
• 2022년 2월, 지보단은 프랑스의 미리시를 인수했습니다. 이는 회사의 장기 향수 및 뷰티 전략과 일치하며, 미리시의 인공지능 분야 전문성을 활용해 소비자에게 새로운 감각적 경험을 선보이려는 조치입니다.

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