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Global Essential Oil Market Report By Product (Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lemon, Lime, Clover Leaf, Spearmint, And Others), Application (Food & Beverages, Medical, Cleaning & Home, Spa & Relaxation, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11210109
February 2022
Report Formats: Electronic (PDF), MS EXCEL
High demand from cosmetics, food and beverage, pharmaceutical and other end-use industries where it is used to impart aroma and flavor is driving the market growth. Rising customer inclination towards organic, flavored cosmetic and food products is fueling the market growth. Also, rising adoption of aromatherapy among potential consumers is likely to foster market demand in upcoming timespan. Rising awareness within the population regarding its aromatic and therapeutic properties has widened its application industries. Moreover, changing lifestyle, increasing disposable income of the population within emerging economies is further boosting the market demand.
The latest report by Value Market Research expects the Global Essential Oil Market was valued USD 7,200 MN in 2017 and is likely to reach at USD 12,745.02 MN by 2024 with the CAGR of 8.0%.
ORANGE, CORN MINT AND LEMON OIL COLLECTIVELY HELD HIGHEST MARKET SHARE
In 2017, orange, corn mint and lemon oil has dominated the segment and has accounted over 35% of total market share. Rising demand from end-use industries to neutralize unpleasant taste, impart aroma, flavor is driving the segment growth. Also, various therapeutic properties of these oils have widened its application in pharmaceutical, massage and relation therapy.
FOOD AND BEVERAGE EMERGED AS THE LEADING APPLICATION SEGMENT
Food and beverage dominated the application segment by accounting for over 25% of the total market share in 2017. Use of essential oils to impart color, flavor, and color to the food is driving the market growth. Also, the advantages of essential oils to control bacterial growth, improve digestion, weight loss are the further fueling the market growth.
EUROPE LED THE REGIONAL MARKET
In 2017, Europe dominated the geographical market by accounting for over 35% of the total market share. A strong market for aromatherapy coupled with raising awareness of a healthy lifestyle for the mental and physical well being among the population is driving the market growth. Rising demand for natural fragrance ingredients in food and cosmetic industry is further boosting market growth.
KEY PLAYERS OF THE MARKET
Biolandes, dTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Co. Pty Ltd., The Lebermuth Company, West India Species, Inc. and Young Living Essential Oils are the prominent players of the essential oil market.
As per this study the Global Essential Oil Market was valued USD 17 MN (by revenue) in 2021 and is anticipated to reach USD 33.98 MN by 2028 with a CAGR of 10.4%.
The essential oil is extracted from various herbs and plants by distillation processes such as steam and water distillation. This essential oil contains volatile aroma compounds and original essence of the plant from which it is derived. They are basically used in food items and beverages, pharmaceuticals, cosmetics, and toiletries products.
Market Dynamics
Growing demand from the food and beverage industry is the major factor driving the market growth. Also, rising application across cosmetics and toiletries and aromatherapy for the fragrant product is another major factor boosting the market growth. Further, changing consumer preferences towards flavored food products and beverages is again propelling the market growth. Additionally, growing demand from pharmaceutical is likely to offer new opportunity growth to the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of essential oil.
Market Segmentation
The broad essential oil market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
By Application
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for essential oil in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Essential Oil Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the essential oil market include Biolandes, dTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Co. Pty Ltd, The Lebermuth Company, West India Species, Inc., and Young Living Essential Oils. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
The essential oil is extracted from various herbs and plants by distillation processes such as steam and water distillation. This essential oil contains volatile aroma compounds and original essence of the plant from which it is derived. They are basically used in food items and beverages, pharmaceuticals, cosmetics, and toiletries products.
Market Dynamics
Growing demand from the food and beverage industry is the major factor driving the market growth. Also, rising application across cosmetics and toiletries and aromatherapy for the fragrant product is another major factor boosting the market growth. Further, changing consumer preferences towards flavored food products and beverages is again propelling the market growth. Additionally, growing demand from pharmaceutical is likely to offer new opportunity growth to the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of essential oil.
Market Segmentation
The broad essential oil market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Orange
- Eucalyptus
- Corn mint
- Peppermint
- Citronella
- Lemon
- Lime
- Clover Leaf
- Spearmint
- Rosemary
- Others
By Application
- Food & Beverages
- Medical
- Cleaning & Home
- Spa & Relaxation
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for essential oil in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Essential Oil Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the essential oil market include Biolandes, dTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Co. Pty Ltd, The Lebermuth Company, West India Species, Inc., and Young Living Essential Oils. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. The global essential oil market size was estimated to be worth USD 17 Million in 2021.
b. For the years 2023-2028, the global essential oil market growth is expected to be around 10.4%.
b. The global essential oil market is currently dominated by Asia-Pacific.
b. The global essential oil market is segmented by Product (Orange, Eucalyptus, Corn Mint, Peppermint, Citronella, Lemon, Lime, Clover Leaf, Spearmint, And Others), by Application (Food & Beverages, Medical, Cleaning & Home, Spa & Relaxation, And Others).
b. The leading players in the global essential oil market are Biolandes, dTERRA International, Essential Oils of New Zealand, Farotti SRL, H.Reynaude & Fils, Moksha Lifestyle Products, Sydney Essential Oils Co. Pty Ltd, The Lebermuth Company, West India Species Inc., and Young Living Essential Oils.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ESSENTIAL OIL – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Application
3.7.2 Market Attractiveness Analysis By Product
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL ESSENTIAL OIL MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Food & Beverages Historic and Forecast Sales by Regions
6.5 Medical Historic and Forecast Sales by Regions
6.6 Cleaning & Home Historic and Forecast Sales by Regions
6.7 Spa & Relaxation Historic and Forecast Sales by Regions
6.8 Others Historic and Forecast Sales by Regions
7 . GLOBAL ESSENTIAL OIL MARKET ANALYSIS BY PRODUCT
7.1 Overview by Product
7.2 Historical and Forecast Data
7.3 Analysis by Product
7.4 Orange Historic and Forecast Sales by Regions
7.5 Eucalyptus Historic and Forecast Sales by Regions
7.6 Corn mint Historic and Forecast Sales by Regions
7.7 Peppermint Historic and Forecast Sales by Regions
7.8 Citronella Historic and Forecast Sales by Regions
7.9 Lemon Historic and Forecast Sales by Regions
7.10. Lime Historic and Forecast Sales by Regions
7.11 Clover Leaf Historic and Forecast Sales by Regions
7.12 Spearmint Historic and Forecast Sales by Regions
7.13 Others Historic and Forecast Sales by Regions
8 . GLOBAL ESSENTIAL OIL MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE ESSENTIAL OIL COMPANIES
9.1. Essential Oil Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF ESSENTIAL OIL INDUSTRY
10.1. Top 10 Company Share Analysis
10.2. Market Concentration Rate
10.3. Biolandes
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. dTERRA International
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. Essential Oils of New Zealand
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. Farotti SRL
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. H.Reynaude & Fils
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Moksha Lifestyle Products
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. Sydney Essential Oils Co. Pty Ltd
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. The Lebermuth Company
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. West India Species Inc.
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Young Living Essential Oils
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Application (USD MN)
- Food & Beverages Market Sales by Geography (USD MN)
- Medical Market Sales by Geography (USD MN)
- Cleaning & Home Market Sales by Geography (USD MN)
- Spa & Relaxation Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Analysis Market by Product (USD MN)
- Orange Market Sales by Geography (USD MN)
- Eucalyptus Market Sales by Geography (USD MN)
- Corn mint Market Sales by Geography (USD MN)
- Peppermint Market Sales by Geography (USD MN)
- Citronella Market Sales by Geography (USD MN)
- Lemon Market Sales by Geography (USD MN)
- Lime Market Sales by Geography (USD MN)
- Clover Leaf Market Sales by Geography (USD MN)
- Spearmint Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Essential Oil Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Essential Oil Report
- Market Research Process
- Market Research Methodology
- Global Essential Oil Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Application (USD MN)
- Food & Beverages Market Sales by Geography (USD MN)
- Medical Market Sales by Geography (USD MN)
- Cleaning & Home Market Sales by Geography (USD MN)
- Spa & Relaxation Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market Analysis by Product (USD MN)
- Orange Market Sales by Geography (USD MN)
- Eucalyptus Market Sales by Geography (USD MN)
- Corn mint Market Sales by Geography (USD MN)
- Peppermint Market Sales by Geography (USD MN)
- Citronella Market Sales by Geography (USD MN)
- Lemon Market Sales by Geography (USD MN)
- Lime Market Sales by Geography (USD MN)
- Clover Leaf Market Sales by Geography (USD MN)
- Spearmint Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top 10 Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments