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2022
Essential Oils Market

Essential Oils Market by Type (Orange, Eucalyptus, Cornmint, Peppermint, Citronella, Lemon, Lime, Clove, Spearmint, Others), by Application (Food And Beverages, Medical, Cleaning And Home, Spa And Relaxation, Others), by Distribution Channel (Direct Distribution, Mlm Distribution, Retail Distribution), : Global Opportunity Analysis and Industry Forecast, 2020-2030

A01099
Pages: 215
Apr 2022 | 60655 Views
Author(s) : Samriddhi Chauhan , Roshan Deshmukh
Tables: 176
Charts: 59
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Essential Oils Market Research, 2030

The global essential oil market was valued at $10,886.80 million in 2020, and is projected to reach $24,721.60 million by 2030, growing at a CAGR of 8% from 2021 to 2030.

Although the Covid19 pandemic had a disturbing impact over several industries, the essential oils market experienced a positive growth during this period. Essential oils have antimicrobial, antioxidant, and anti-infective, properties; thus, they are utilized in treating various health conditions including stress conditions, immunity disorders, sleep disorder and depression. Therefore, the importance of essential oils market has shoot up during the pandemic as the number of patients with mental health problems raised, which has propelled the growth of the market

Essential Oils Market, Essential Oils Industry, Essential Oils Market Size, Essential Oils Market Share, Essential Oils Market Trends

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An essential oil is a liquid that is generally distilled from the stems, leaves, seeds, roots, or flowers of the plant. The commonly used essential oil used are lavender, tea tree, orange, lemon, peppermint, cornmint, and others. These oils are antibacterial, antiviral, antifungal, and antimicrobial. They by-pass the digestive system easily and thus  are beneficial for people with poor digestion/assimilation. Moreover, essential oils are highly oxygenating and are suitable for infants since they cannot swallow tablets and capsules.

The growth of the Essential Oils Industry can be attributed to usage of essential oils in various applications such as flavor & fragrance, aromatherapies, and others. Moreover, healing benefits of essential oils are expected to be instrumental in governing peak sales paving the way for essential oils market growth. Furthermore, wide scale adoption of essential oils in industrial, commercial, and household applications also drive the global market. However, high price of essential oils act as the major restraint for the market. On the contrary, increase in demand for essential oil as natural preservatives is expected to provide opportunities for the growth of the essential oils market.

The Essential Oils Market Size is segmented on the basis of product type, application, distribution channel and region. The product type segment is further classified into orange, eucalyptus, cornmint, peppermint, citronella, lime, lemon, clove, spearmint, and others. By application, the essential oils market is classified into food & beverages, medical, cleaning & home, spa & relaxation, and others. The others applications include usage of essential oil in paints, textile industries, tobacco, paper manufacturing, and agrochemicals. On the basis of distribution channel the global market is studied across direct distribution, MLM distribution and retail distribution. The retail distribution channel is further segmented into supermarket/ hypermarket, e-commerce, retail stores, pharmaceutical stores and others. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA.

Essential Oils Market
By Type

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Orange segment generated the highest revenue in 2020 and is expected to remain dominant throughout the forecast period

Based on the essential oils market forecast by application, the food & beverage segment was the most prominent segment accounting for maximum share in the global market. This can be attributed to strict government regulations regarding food safety and limit in usage of synthetic flavors and essence food stuff. The rise in adoption of essential oil as a natural ingredient in preparation of food act as the major driving factor. The cleaning and home segment was the fastest growing application segment and the growth of this segment can be attributed to rise in affinity of the consumers toward chemical free solution for cleaning. Moreover, pleasant fragrance of the essential oil based cleaning products makes it more popular among various consumer profiles.

Essential Oils Market
By Application

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Based on the application, the food & beverage segment was the most prominent segment accounting for maximum share in the global market.

Based on distribution channel the global Essential Oils Market Share is segmented into Direct Distribution, MLM distribution and retail distribution. Direct Distribution segment leads in terms of market share however retail distribution is likely to grow with highest CAGR during the Forecast period.

Essential Oils Market
By Distribution Channel

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Based on distribution channel the market is segmented into Direct Distribution, MLM distribution and retail distribution.

Based on the essential oils market by product type, the Orange segment generated the highest revenue in 2020 and is expected to remain dominant throughout the forecast period. This can be attributed to its characteristics of being eco-friendly and non-greasy, making it suitable for use in household cleaners, pest controls, and therapeutic products. Moreover, increase in demand of Orange essential oil in the fragrance industry makes way for the growth of this segment in the market. Rrevenue in 2020 and is expected to remain dominant throughout the forecast period. This can be attributed to its characteristics of being eco-friendly and non-greasy, making it suitable for use in household cleaners, pest controls, and therapeutic products. Moreover, increase in demand of Orange essential oil in the fragrance industry makes way for the growth of this segment in the market.

Essential Oils Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

North America region holds largest revenue share in 2020

The players in the essential oils industry have adopted product launch and acquisition as their key development strategy to increase profitability, and to improve stance in the essential oils market. The key players have also relied on business expansion to stay relevant in the market. The key players profiled in the report include doTERRA International, Biolandes, Sydney Essential Oils Co. Pty Ltd., Young Living Essential Oils, Farotti SRL, The Lebermuth Company, Essential Oils of New Zealand, H.Reynaude & Fils, Moksha Lifestyle Products, and West India Species, Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, Essential Oils Market Trends, estimations, and dynamics of the essential oils market analysis from 2020 to 2030 to identify the prevailing Essential Oils Market Opportunity
  • The market research is offered along with information related to key drivers, Essential Oils Market demand restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the essential oils market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global essential oils market, key players, market segments, application areas, and Growth strategies.

 

Key Market Segments

  • By Type
    • Orange
    • Eucalyptus
    • Cornmint
    • Peppermint
    • Citronella
    • Lemon
    • Lime
    • Clove
    • Spearmint
    • Others
  • By Application
    • Medical
    • Cleaning And Home
    • Spa And Relaxation
    • Others
    • Food And Beverages
  • By Distribution Channel
    • Direct Distribution
    • Mlm Distribution
    • Retail Distribution
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Indonesia
      • Malaysia
      • South Korea
      • Singapore
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • South Africa
      • Turkey
      • UAE
      • Rest of LAMEA


Key Market Players

  • BIOLANDES
  • DTERRA INTERNATIONAL LLC
  • FAROTTI ESSENZ SRL
  • ESSENTIAL OILS OF NEW ZEALAND LTD.
  • H. REYNAUD and FILS
  • MOKSHA LIFESTYLE PRODUCTS
  • SYDNEY ESSENTIAL OIL CO.
  • THE LEBERMUTH COMPANY
  • WEST INDIA SPICES INC.
  • YOUNG LIVING ESSENTIAL OILS
 

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According to the insights of CXOs of leading companies, the essential oils market holds high potential in the food & beverage industry. Presently, the essential oils market is dominated by orange and cornmint oils; however, peppermint, lime, and lemon essential oils generated a notable revenue in 2020 and are expected to gain significant market share during the forecast period. Moreover, regulations imposed by the U.S. Food and Drug Administration on essential oils used as flavors and regulations imposed by Consumer Product Safety Commission on air fresheners, scented candles, and household cleansers are expected to limit the North American market growth during the forecast period.

The impending requirement of introducing natural elements to treat diseases and for high nutrition diets, mandated by the FDA is an aspect that would reflect a positive market growth. The market growth would be largely influenced by the advent of novel usage of essential oils in various applications such as flavor & fragrance, aromatherapies, and others. Healing benefits are expected to be instrumental in governing peak sales and market penetration of market-approved essential oils.

With a wide scale adoption of essential oils in industrial, commercial, and household applications, the global essential oils market is expected to grow at an exponential rate. The commercial developments in relaxation and pharmaceutical industries occurring, particularly in the developing economies are expected to boost the adoption of essential oils. The pharmaceutical and personal care & cosmetic sectors are anticipated to emerge as a lucrative market opportunities owing to the presence of promising essential oils such as patchouli, lavender, lime, and lemon.

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FREQUENTLY ASKED QUESTIONS?

A. $5,769 is the total market value of essential oils market report.

A. From the year 2021 to 2030 would be forecast period in the market report.

A. $12.4 billion is the market value of essential oils market in 2021.

A. 2020 is base year calculated in the essential oils market report

A. doTERRA International, Biolandes, Sydney Essential Oils Co. Pty Ltd., Young Living Essential Oils, Farotti SRL are the top companies hold the market share in essential oils market.

A. Food & Beverages is the most influencing segment growing in the essential oils market report

A. The key trends that boosts the market growth is the increase in consumer preference for natural and organic products be it cosmetics, food, or similar other product categories.

A. 21.5% & 16.2% are the growth rate of the emerging countries of the market.

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