全球精油市场 – 行业趋势及 2030 年预测

精油市场分析与洞察

精油可以定义为芳香物质的产品或混合物，也可以定义为芳香物质和无味物质的混合物。这些芳香物质是化学纯的化合物，具有各自的可区分性。它们通过各种方法提取，例如蒸馏、冷压提取、溶剂提取、酶提取等。由于食品和饮料行业对软饮料、烘焙产品、运动饮料等各种产品的制备需求，精油的使用量正在增加。此外，由于全国各地的水疗和休闲中心，精油的需求也不断增加。然而，某些精油会引起过敏，尤其是对容易出现皮疹的人，而那些对花粉过敏的人可能会阻碍市场的增长。

精油技术进步的加快以及食品饮料产品、个人护理和化妆品对快速灵敏技术的需求不断增长，预计将为精油制造商创造巨大的机会。另一方面，自然资源的枯竭和由于其液体特性而产生的处理问题可能会对市场的增长构成挑战。

例如，

• 2021 年 10 月，嘉吉公司在其 Nutrena Naturewise 家禽饲料中推出了精油。天然精油可促进鸡蛋重量、大小和产量，增强适口性，并直接从包装袋中散发出清新的香气

Data Bridge Market Research 分析，全球精油市场预计到 2030 年将达到 213.5053 亿美元价值，预测期内的复合年增长率为 9.6%。

Market Definition

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

Global Essential Oils Market Dynamics

Drivers

Rising Awareness and Use of Essential Oils as Herbal Medicine

The global essential oils market has been experiencing significant growth in recent years, largely driven by the rising use of essential oils in herbal medicines. Essential oils, derived from various plant sources, have been utilized for centuries due to their therapeutic properties and aromatic qualities. The increasing consumer preference for natural and organic products and the growing awareness of the benefits of herbal medicines have fuelled the demand for essential oils.

For instance,

• In May 2021, according to a research article published in the Journal of Multidisciplinary Healthcare, 51.8% of people have good awareness regarding herbal medicine safety in South West Ethiopia

Consumers are increasingly seeking natural and organic alternatives to conventional medicines and treatments. Essential oils, derived from plants through distillation or cold-pressing methods, are considered natural and eco-friendly. They are free from synthetic chemicals and artificial additives, making them a popular choice for health-conscious individuals.

Essential oils possess a wide range of therapeutic properties, including antimicrobial, antiviral, anti-inflammatory, and antioxidant effects. These properties make them valuable in treating and preventing various health conditions. Herbal medicines, which rely on the healing properties of plants, often incorporate essential oils as key ingredients to enhance their efficacy.

The therapeutic benefits of essential oils have gained recognition among healthcare professionals and consumers, leading to their growing use in herbal medicines. In addition, there is a growing awareness and acceptance of herbal medicines as an alternative or complementary approach to conventional healthcare. Herbal medicines have a long history of traditional use in different cultures and are often perceived as safer and more holistic than synthetic drugs. Essential oils, being derived from plants, align with the principles of herbal medicine. The increasing knowledge and acceptance of herbal medicines have contributed to the rising use of essential oils in this sector. Thus, the development of the application segments and increasing demand for essential oils is anticipated to drive market growth.

Rising Awareness Regarding Health Benefits of Essential Oils

The market has been experiencing substantial growth, primarily due to the rising awareness regarding the health benefits of essential oils. In recent years, there has been a significant increase in consumer awareness and understanding of the potential health benefits offered by essential oils.

Consumers around the world are increasingly adopting a natural and holistic approach to wellness. Essential oils derived from plants align with this trend and are viewed as a natural alternative to synthetic products. The growing interest in holistic wellness has propelled the demand for essential oils, as they are perceived as beneficial for physical, mental, and emotional well-being.

For instance,

• In November 2022, according to an article by WebMD, stress and anxiety can be managed using essential oils. For instance, investigators discovered that inhaling 2.5, 5, or 10 droplets of orange oil reduced anxiety in male volunteers

Consumers are incorporating essential oils into their daily routines as consumers become more knowledgeable about the specific health benefits offered by different oils. This increasing awareness of the therapeutic properties of essential oils has had a positive impact on the growth of the global essential oils market. In addition, the availability of information through various channels, including online resources, social media, and health and wellness publications, has played a crucial role in educating consumers about the health benefits of essential oils. Consumers now have access to detailed information about the specific uses, applications, and precautions associated with different essential oils. The dissemination of knowledge has empowered consumers to make informed decisions regarding their health, leading to higher adoption of essential oils and subsequently driving market growth.

Restraints

Limited Availability of Raw Materials

The lack of availability of raw materials can be caused due to climatic conditions. In unfavorable climatic conditions, it is difficult for farmers to cultivate and grow plants such as herbs, spices, mint, citrus fruits, and others, thus less available raw materials is expected to restraint the market growth.

The fluctuating production of these plants has resulted in the volatile supply of these plants in the form of seeds, roots, leaves, and others. The volatile supply of raw materials also drives the prices of the end product, these essential oils. The limited raw material availability is expected to hamper the market's overall value chain, a key restraining factor of the market.

Thus, the lack of raw material availability may cause the switching of consumers to other products and can also affect the supply chain.

The outcomes from limited materials availability are:

• Technological: Supply chain stakeholders may redesign their products by using substitute materials
• Geographic: The upstream supply chain may reconfigure to tap into new sources
• Operational: Downstream firms may alter inventory practices or work to recover alternative materials streams

HIGH PRODUCTION COST FOR ESSENTIAL OILS

The entire production process of essential oil includes the procurement of raw materials from farmers, then processing with one of the extraction processes out of cold-pressed, enzymatic extraction, and others, followed by the packaging and supplying of essential oils.

Production cost depends on the availability of materials such as seeds, fertilizer, water, production equipment, and the weather. Thus, the lack of any of them interrupts production and increases the production cost.

The other factors are:

• Price rise
• Place and right of exchange

In the whole process of production, the cost factor is considered to be the most important, which not only includes the price of raw materials but is also determined by costs of labor, capital, technology, and others. The particular inputs and how these factors are combined to generate production are expressed in the production cost.

Opportunities

Rising Research & Development and Innovative Technologies

One of the key opportunities for the growth of the global essential oil market lies in the rising R&D activities in essential oil manufacturing. As manufacturers and researchers invest in improving extraction techniques, quality control processes, and expanding the application areas of essential oils, new opportunities are created to meet evolving consumer needs. R&D efforts in essential oil manufacturing focus on optimizing extraction processes and techniques. This includes developing innovative extraction methods, such as supercritical fluid extraction and ultrasound-assisted extraction, to improve efficiency and yield. Advanced technologies and equipment are being explored to enhance the quality, purity, and aroma profiles of essential oils. By refining extraction processes, manufacturers can achieve higher productivity, reduce production costs, and improve overall product quality.

For instance,

• In September 2022, according to India Science, Technology & Innovation, CSIR (Council of Scientific and Industrial Research)-NEIST (North East Institute of Science and Technology) has worked hard to build distillation plants that are appropriate for the North Eastern region's environment. Steam distillation is used to extract essential oils from oil-bearing leaves, grass, and other plants. Essential oils such as citronella, lemongrass, patchouli, geranium, and palmarosa will play a significant part in export marketing

In addition, R&D in essential oil manufacturing plays a crucial role in establishing quality control measures and standardization. Through scientific research, analytical methods, and testing protocols, manufacturers are working towards ensuring consistent quality, authenticity, and safety of essential oils. This includes developing robust quality control procedures to detect adulteration, ensuring compliance with regulatory standards, and implementing traceability systems.

Challenges

Rising Allergies from Essential Oils due to Lack of Consumer Awareness

The global essential oils market is facing a challenge due to the rising number of allergies associated with their use. These allergies are often a result of consumers' lack of awareness regarding the potential risks and proper usage of essential oils. One of the primary challenges contributing to the rising allergies to essential oils is the lack of consumer awareness. Many people are unaware of the potential risks associated with essential oil usage, including allergic reactions, skin sensitization, and respiratory issues. Consumers often assume that natural products are inherently safe, leading to improper and uninformed usage.

Essential oils contain a complex mixture of chemical compounds that can trigger sensitization and allergic reactions in susceptible individuals. Common allergens found in essential oils include limonene, linalool, eugenol, and geraniol. Prolonged or excessive exposure to these compounds can lead to sensitization, where the immune system develops an adverse response upon subsequent exposure.

For instance,

• According to HealthyWA, undiluted essential oils can irritate or burn delicate skin or the nose. Susceptible individuals may also experience an allergic response and a skin rash
• Tisserand Institute, in an article, listed the harmful effects of essential oils as skin reactions are the most common types of adverse reaction to essential oils, and they include: irritation (irritant contact dermatitis), allergic contact dermatitis (delayed hypersensitivity), and contact urticaria (immediate hypersensitivity)

The rising incidence of allergies linked to essential oils poses a significant challenge to the growth of the market. As more consumers experience adverse reactions, the demand for these products may decrease, leading to a decline in sales and market expansion.

Recent Developments

• In August 2020, Young Living Essential Oils launched new products in the happy, healthy home category, including Cassia oil, Ecuadorian oregano oil, one heart essential oil
• In October 2020, Neptune Wellness Solutions launched a brand called Forest Remedies with a collection of products developed in collaboration with IFF, which launched six essential oils lemon, sweet orange, bergamot, peppermint, eucalyptus, and tea tree oil

Global Essential Oil Market Scope

The global essential oils market is segmented into seven segments based on product, type, category, method of extraction, application, end user, and distribution channel.

The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product

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

On the basis of product, the market is segmented into citrus oils, herbaceous oils, floral oils, minty oils, spicy oils, camphoraceous oils, resinous/musky oils and woody/earthy oils.

Method of Extraction

• Hydro- Or- Steam- Distillation
• Water Distillation
• Cold Press Extraction
• Carbondioxide Extraction
• Solvent Extraction
• Hydrodiffusion
• Supercritical Fluid Extraction
• Microwave Assisted Process (Map)
• Others

On the basis of extraction method, the market is segmented into cold pressed, solvent extraction, supercritical extraction, carbondioxide extraction, hydro-or-steam distillation, water distillation, hydrodiffusion, Microwave Assisted Process (MAP), and others.

Category

• Organic
• Conventional

On the basis of category, the market is segmented into organic and conventional.

Type

• Singles/Virgin
• Blends

On the basis of type, the market is segmented into singles and blends.

Application

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

On the basis of application, the market is segmented into food & beverages, aromatherapy, cosmetic & personal care, home care, toiletries & cleaners, alternative energy and medical, textiles, automobile air fresher, agriculture and others.

End User

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

On the basis of end user, the market is segmented into cosmetic companies, pharma companies, medical spa, and dermatology clinics.

Distribution Channel

• Direct
• Indirect

On the basis of distribution channel, the market is segmented into direct and indirect.

Global Essential Oil Market Regional Analysis/Insights

The global essential oil market is analyzed, and market size insights and trends are provided based on as referenced above.

The countries covered in the markets report 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.

In Europe, France is dominating and is expected to show the highest growth in the forecast period in the market, due to large production, easy availability of products, and the increase in customer base.

In North America, the U.S. is dominating country due to growing application in the supplement and pharmaceutical industries. In Asia-Pacific, China is expected to dominate the market, due to an increase in disposable income and increased investment in the application of natural resources.

报告的国家部分还提供了影响市场当前和未来趋势的各个市场影响因素和市场法规变化。新旧销售、国家人口统计、疾病流行病学和进出口关税等数据点是预测各个国家市场情景的一些主要指标。此外，在对国家数据进行预测分析时，还考虑了欧洲品牌的存在和可用性以及它们因来自本地和国内品牌的激烈竞争而面临的挑战以及销售渠道的影响。

竞争格局和全球精油市场份额分析

全球精油市场竞争格局提供了竞争对手的详细信息。详细信息包括公司概况、公司财务状况、收入、市场潜力、研发投资、新市场计划、北美业务、生产基地和设施、生产能力、公司优势和劣势、产品发布、产品宽度和广度以及应用主导地位。以上数据点仅与公司对市场的关注有关。

市场上的一些主要参与者包括 Kelvin Natural Mint Pvt. Ltd.、Young Living Essential Oils、Lebermuth, Inc、Moksha Lifestyle Products、Robertet、SOiL Organic Aromatherapy and Skincare、dōTERRA、Edens Garden、ANIMA MUNDI APOTHECARY、Sakkara、Nefertiti、Essential Oils of New Zealand Ltd.、FAROTTI SRL、LISHA Trade、Nefertari, Inc.、Cario Aromatic、KM Chemicals、NOW Foods、AROMA TIERRA 以及 still pure naturals (pty) ltd. 等。

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