Middle East Africa Essential Oils Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 6.04 Million |
 Market Size (Forecast Year) |
USD 22.86 Million |
 CAGR |
% |
| Major Markets Players |
Middle East and Africa Essential Oil Market Segmentation, By Type (Singles, Blends), Products (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, Others), Application (Spa and Relaxation, Cleaning and Home, Food and Beverages, Medical, Others), Extraction Method (Distillation, Cold Press Extraction, Carbon Dioxide Extraction, Solvent Extraction, Others), Distribution Channel (Direct, Retail) – Industry Trends and Forecast to 2031.
Essential Oil Market Analysis
The essential oils market is primarily driven by the health benefits they provide. As a result, the market witnessed rapid growth in its application, as they are now used in almost every industry, from food and beverage to medicines and animal feed, and personal care products.
Middle East and Africa Essential Oil Market Size
Middle East and Africa Essential Oil Market size was valued at USD 6.04 million in 2023 and is projected to reach USD 22.86 million by 2031, with a CAGR of 18.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes |
Essential Oil Key Market Insights |
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Segmentation |
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Countries Covered |
UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa |
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Key Market Players |
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), Ambe Phytoextracts Pvt. Ltd. (Austria), The Green Labs LLC (Netherlands), Berje, Inc. (Italy), Umalaxmi Organics Pvt. Ltd. (India), DSM (Netherlands) |
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Market Opportunities |
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Essential Oil Market Definition
Essential oils are concentrated extracts of plant parts such as leaves, herbs, and barks. These are volatile, aromatic plant essences with flavouring properties that make them extremely useful in food and beverage, cosmetics, home care and cleaning, aromatherapy, and fragrance applications.
Drivers
- Long shelf life as well as growing demand from personal care industry
Essential oil has a long shelf life because it does not oxidise or become rancid and does not degrade when subjected to high temperatures and pressure because of this property, it is used in a variety of skin care products, including moisturisers, facial cleansers, scar and stretch mark minimizers, and anti-acne gels, as well as hair care products, including conditioners, de-tangling creams, and hair regrowth serums.
- The growing application in supplement and pharmaceutical industries
In addition, essential oil contains a variety of vitamins and minerals, including vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it is used as a diet supplement and as a key ingredient in several pharmaceutical products for the treatment of sores, cuts, bruises, burns, and athlete's foot and warts. Furthermore, as some plants seeds can be cultivated after five years, leading companies are investing in R&D activities to develop innovative and cost-effective technologies to ensure a consistent supply of oil resources.
Opportunity
Increased disposable income and standard of living are the major factors driving the growth of the essential oil market; increased demand for personal care products drives the market rapidly. The variety of essential oil applications in personal care products is expanding rapidly, which is likely to create new opportunities for essential oil market manufacturers during the forecast period.
Restraints
However, the market's growth is expected to be hampered by a limited supply of raw materials and stringent quality standards. The consumption of natural reserves and the subsequent outcomes associated with some essential oils restrain market growth.
This essential oil 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 essential oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Essential Oil Market
Despite the fact that the COVID-19 pandemic had a negative impact on several industries, the essential oils market grew during this time. As mentioned essential oils have antimicrobial, antioxidant, and anti-infective properties, they are used to treat a variety of health conditions such as stress, immunity disorders, sleep disorders, and depression. As a result, the importance of the essential oils market increased during the pandemic as the number of patients with mental health problems increased, propelling the market's growth.
Essential Oil Market Scope
The essential oil market is segmented on the basis of products, application, extraction method and distribution channel. The growth amongst these segments will help you analyse 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.
Extraction method
- Distillation
- Cold Press Extraction
- Carbon Dioxide Extraction
- Solvent Extraction
- Others
Products
- 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
- Others
Application
- Spa and Relaxation
- Aromatherapy
- Massage oil
- Personal care
- Fragrance
- Cosmetics
- Cleaning and Home
- Food and Beverages
- Medical
- Others
Distribution channel
- Direct
- Retail
- Supermarket/hypermarket
- Online retailing
Essential Oil Market Regional Analysis
The essential oil market is analysed and market size insights and trends are provided by country, products, application, extraction method and distribution channel as referenced above.
The countries covered in the essential oil market report are UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like 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 Middle East and Africa 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 Oil Market Share
The essential oil 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, Middle East and Africa 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 essential oil market.
Essential Oil Market Leaders Operating in the Market Are:
- 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)
Latest Developments in Essential Oil Market
- Firmenich completed the acquisition of Les Derives Résiniques et Terpeniques, a Middle East and Africa leader in developing and supplying high-quality, renewable, and naturally derived ingredients, in May 2020. This acquisition would position Firmenich as a leader in renewable ingredients for perfumery and other applications.
- dôTERRA announced several new essential oil products and diffusers in October 2020 and three new wellness programmes to help people focus on their specific health goals.
- Givaudan acquired Myrissi in February 2021. Givaudan's long-term Fragrance & Beauty strategy would be aided by the acquisition of Myrissi. Their AI expertise would help Givaudan propose new organoleptic approaches to consumers.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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