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 7,200 MN (by revenue) in 2017 and is anticipated to reach USD 12,745.02 MN by 2024 with a CAGR of 8.0%.
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.
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.
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.
- Corn mint
- Clover Leaf
- Food & Beverages
- Cleaning & Home
- Spa & Relaxation
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.
Europe Essential Oil Market By Revenue (USD MN)
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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Essential Oil
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Essential Oil Market: Snapshot
4. ESSENTIAL OIL MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. ESSENTIAL OIL MARKET ANALYSIS BY APPLICATION
- Market In Orange
- Market In Eucalyptus
- Market In Corn mint
- Market In Peppermint
- Market In Citronella
- Market In Lemon
- Market In Lime
- Market In Clover Leaf
- Market In Spearmint
- Market In Others
6. ESSENTIAL OIL MARKET ANALYSIS BY GEOGRAPHY
- Market In Food & Beverages
- Market In Medical
- Market In Cleaning & Home
- Market In Spa & Relaxation
- Market In Others
7. COMPETITIVE LANDSCAPE OF THE ESSENTIAL OIL COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE ESSENTIAL OIL INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- 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.
- Young Living Essential Oils
Table 1. Market Highlights Of Essential Oil
Table 2. Global Essential Oil Market By Product
Table 3. Global Essential Oil Market By Application
Table 4. Global Essential Oil Market By Geography
Table 5. North America Essential Oil Market
Table 6. Europe Essential Oil Market
Table 7. Asia Pacific Essential Oil Market
Table 8. Latin America Essential Oil Market
Table 9. Middle East And Africa Essential Oil Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Essential Oil Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Essential Oil
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Essential Oil Market By Product
Fig. 8. Global Essential Oil Market By Application
Fig. 9. Global Essential Oil Market By Geography
Fig. 10. North America Essential Oil Market
Fig. 11. Europe Essential Oil Market
Fig. 12. Asia Pacific Essential Oil Market
Fig. 13. Latin America Essential Oil Market
Fig. 14. Middle East And Africa Essential Oil Market
Fig. 15. Market Share Of Essential Oil Companies
Fig. 16. Recent Developments In Essential Oil Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.