VANCOUVER, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global essential oils market size is valued at USD 8.8 billion in 2022, and is expected to register a rapid revenue CAGR of 11.9% during the forecast period. The surge in demand for essential oils can be attributed to the wide adoption of essential oils in the aromatherapy industry and the growing preference for natural ingredients.
Essential oils derived from natural plant extracts are gaining popularity due to their safety and lack of side effects. Unlike synthetic alternatives, these oils do not interfere with bodily functions or leave behind harmful residues. The shift towards natural and organic products, especially among health-conscious consumers, is a major driver of market growth. The growing popularity of the spa and relaxation sector featuring aromatherapy treatments is another key factor boosting market revenue.
Aromatherapy is a practice dating back thousands of years that harnesses the therapeutic properties of essential oils to enhance physical, mental, emotional and spiritual wellbeing. The global trend towards natural ingredients continues to fuel the essential oil market, including food and beverage, medicines, personal care, cosmetics and spa and wellness.
However, the market faces challenges related to side effects due to lack of awareness of dosage. Essential oils are potent and flammable and if misused can cause allergic reactions, skin problems and respiratory issues. Lack of awareness regarding proper dosage, dilution and application methods contributes to these challenges. It is important that consumers seek medical advice before using essential oils, especially if they have any health issues, are pregnant or breastfeeding.
Request a free sample copy (to understand the complete structure of this report) [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2475
Key trends and insights:
One notable trend is the growing use of essential oils across industries, driven by the growing demand for natural and organic products. These oils are prized for their antibacterial, anti-inflammatory and aromatic properties and are used in personal care, cosmetics and food and beverage.
Type Insight: Citrus oils dominate market share
During the forecast period, the citrus oil segment is expected to account for the largest revenue share. This is due to the increasing use of citrus oil in various food and beverage products such as sauces, soft drinks, candy, cakes, juices, etc. Citrus oils are appreciated for their natural flavor properties and immune stimulating, antibacterial, antiseptic, and anti-inflammatory effects. Moreover, lavender oil is expected to register steady growth, owing to the growing demand in cosmetics and awareness about its health benefits.
Application Insights: F&B and Aromatherapy Leaders
The food and beverage (F&B) segment is expected to account for a significant revenue share owing to the increasing use of essential oils to enhance flavor and freshness in end products. Aromatherapy is expected to grow rapidly, driven by the rise in spas and wellness centers and the growing popularity of natural remedies over manufactured medicines.
Distribution Channel Insights: Direct Distribution Dominates
Direct distribution, which includes online shopping and e-commerce platforms, was expected to account for the largest revenue share in 2022. The convenience, adaptability, and personalization offered by the direct distribution channel contribute to its popularity. The retail distribution segment is expected to grow the fastest, benefiting from rising customer awareness and demand for natural and organic products.
Regional insights: Europe leads, North America grows fastest
In 2022, Europe dominated the market owing to the long-standing use of essential oils in various applications. The North American market is expected to grow rapidly due to the increasing demand for natural and organic products, especially in the US and Canada. Asia Pacific is also expected to witness significant growth, driven by rising disposable incomes and changing consumer lifestyles.
The global essential oils market continues to evolve, driven by the growing preference for natural health solutions and diverse uses of these oils across industries.
Emergen Research is offering a limited time discount (Buy now at the discounted price) @ https://www.emergenresearch.com/request-discount/2475
Scope of the study
| Report details | result |
| Market size in 2022 | $8.8 billion |
| CAGR (2023-2032) | 11.9% |
| Revenue forecast through 2032 | US$27.13 billion |
| Estimated base year | 2022 |
| Historical Data | 2019-2021 |
| Forecast Period | 2023-2032 |
| Quantitative units | Revenue (USD Billion) and CAGR (%) from 2023 to 2032 |
| Report Scope | Revenue forecasts, company rankings, competitive landscape, growth factors, trends |
| Target Segments | Type, Use, Source, Distribution Channel, Extraction Method, Region |
| Area Coverage | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country Range | USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, Korea, Rest of Asia Pacific, Brazil, Rest of Latin America, Saudi Arabia, UAE, South Africa, Turkey, Rest of Middle East and Africa |
| Introduction of major companies | Biolandes SAS, Givaudan, International Flavours and Fragrances Inc., Symrise, Robertet, DSM, Sensient Technologies Corporation, Cargill, Incorporated, MANE (EN), doTERRA, and others. |
| Customization Range | 10 hours of free customization and expert consulting |
Major companies and competitive environment
The global essential oils market is highly fragmented, with many large and medium-sized companies contributing a large portion of the market revenue. Key players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts to develop, test and implement more effective essential oils solutions. Key companies included in the global essential oils market report are:
- Biolandes SAS
- Givaudan
- International Flavors and Fragrances
- Symrise
- Roberte
- Germany
- Sensient Technologies Inc.
- Cargill Inc.
- Manet (English)
- DoTERRA
- Now Foods
- Levermouth Co., Ltd.
- Norex Flavours Private Limited
- Sydney Essential Oil Company
- Young Living Essential Oils
- Phoenix Aromatherapy & Essential Oils
- Essential Oils of New Zealand Ltd.
- Enio Bonchev
- Falcon
- Rocky Mountain Oils LLC
Strategy Development
- On May 22, 2023, Young Living announced the launch of Seasonal Essentials and Red Cedar Bliss essential oil blends. These innovative blends offer diverse usage options, including orally by mixing 1-2 drops with a drop of carrier oil and placing under the tongue (up to three times per day). Red Cedar Bliss combines a variety of essential oils, including the newly introduced Western Red Cedar Oil, to create a warm, woody scent. Not only does this blend provide a pleasant aroma, it also offers immune support, making it a valuable addition to your daily routine.
- In June 2023, Biolandes SAS announced the debut of a new line of Ecocert Green Life certified organic essential oils. The line includes 12 essential oils, including lavender, rosemary, eucalyptus, lemon and peppermint, that are organically harvested and processed by steam distillation or cold pressing. According to the company, these organic essential oils are superior in quality, purity and sustainability compared to regular essential oils.
You can order directly from this link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2475
For the purpose of this report, Emergen Research has segmented the global essential oils market based on type, application, source, distribution channel, extraction method, and region.
- Outlook by Type (Revenue, USD Billion, 2019-2032)
-
-
- citrus
-
- orange
- lemon
- grapefruit
- lime
-
- eucalyptus
- lavender
- Rosemary
- Tea Tree
- peppermint
- others
- citrus
-
-
- Application Outlook (Revenue, US$ billion, 2019-2032)
-
-
- Food and Beverage
- cosmetics
- Aromatherapy
- Home Care
- others
-
-
- Source forecast (Revenue, USD billion, 2019-2032)
-
-
- Fruits and vegetables
- Herbs and spices
- Flowers
-
-
- Distribution Channel Outlook (Revenue, USD billion, 2019-2032)
-
-
- Direct Shipping
- Multi-Level Marketing (MLM) Distribution
- Retail Distribution
-
-
- Extraction Methods Outlook (Revenue, USD Billion, 2019-2032)
-
-
- distillation
- Carbon Dioxide (CO2) Extraction
- Cold Press Extraction
- others
-
-
- Forecast (Revenues, USD billion, 2019-2032)
- North America
- we
- Canada
- Mexico
- Europe
- Germany
- France
- England
- Italy
- Spain
- Benelux
- Other Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- latin america
- Brazil
- Other Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- turkey
- Other Middle East and Africa
- North America
View Full Report Description + Methodology + Table of Contents + Infographic @ https://www.emergenresearch.com/industry-report/Essential Oils Market
Handpicked reports you won’t want to miss: Check them out now!
Food cold chain market By type (monitoring parts, transportation, others), by packaging (materials, products), by equipment (transportation equipment, storage equipment), by application (pulp and concentrates, fruits and vegetables, others), forecast to 2027
Synthetic Food Market Size, share, trends, forecast to 2027 by product, end user (beverages, bakery and confectionery, dairy and frozen products, animal and pet food, savory and snacks) and distribution channel
Food Safety Inspection System Market Size, share, trends, by test (Chemical & Nutritional, Allergens) and by application (Processed Foods, Beverages, Others), forecast to 2027
Cannabis Market By product type (flower, concentrates, others), by compound (tetrahydrocannabinol, cannabidiol (CBD), balance THC & CBD), by application (medical, recreational, pain management, neurological health care, others), and regional forecast to 2027
Food ingredients market By Type (Preservatives, Sweeteners, Emulsifiers, Anti-caking agents, Enzymes, Hydrocolloids, Food flavors and fortifiers, Food colorants, Acidulants), By Application (Bakery, Beverages, Dairy, Meat, Vegan), By Sales Channel (Online, Offline), By Region – Forecast to 2027
Nutritional supplements marketBy product type (botanical, mineral, vitamin, probiotic, others), by function, by application (bone and joint, energy and weight management, diabetes, immunology, others), by target consumer, and by region to 2030
About Emergen Research
Emergen Research is a market research and consulting firm that offers syndicated research reports, customized research reports, and consulting services. Our solutions are fully focused on our clients’ objectives to identify, target, and analyze changing consumer behavior across demographics and industries, helping our clients make smarter business decisions. We offer market intelligence research that ensures relevant and fact-based research across multiple industries, including healthcare, touch points, chemicals, types, energy, and more.
inquiry:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: Click here for details
Direct Line: +1 (604) 757-9756
Email: inquiry
Check out our Blogs and Insights section: https://www.emergenresearch.com/insights
