Essential Oil Market Size, Share, Growth

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, 2019-2026

ID:VMR11210109

January 2020

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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 X,XXX MN (by revenue) in 2019 and is anticipated to reach USD XX,XXX.XX MN by 2026 with a CAGR of X.X%.

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

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.

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.

METHODOLOGY:

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.

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 Essential Oil Market
       2.2. Global Essential Oil Market Snapshot

3 . ESSENTIAL OIL – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Essential Oil Market
       3.3. Market Restraints of Essential Oil Market
       3.4. Opportunities of Essential Oil Market
       3.5. Trends of Essential Oil Market
       3.6. Porter’s Five Force Analysis of Essential Oil Market
       3.7. Essential Oil Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region

4 . VALUE CHAIN ANALYSIS
       4.1. Essential Oil Value Chain Analysis
       4.2. Essential Oil Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Essential Oil Raw Material Manufactures List
           4.2.3. Price Trend of Essential Oil 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 . GLOBAL ESSENTIAL OIL MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Essential Oil Market Analysis by Product
       5.3 Market Analysis of Orange by Regions
       5.4 Market Analysis of Eucalyptus by Regions
       5.5 Market Analysis of Corn mint by Regions
       5.6 Market Analysis of Peppermint by Regions
       5.7 Market Analysis of Citronella by Regions
       5.8 Market Analysis of Lemon by Regions
       5.9 Market Analysis of Lime by Regions
       5.10. Market Analysis of Clover Leaf by Regions
       5.11 Market Analysis of Spearmint by Regions
       5.12 Market Analysis of Others by Regions

6 . GLOBAL ESSENTIAL OIL MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Essential Oil Market Analysis by Application
       6.3 Market Analysis of Food & Beverages by Regions
       6.4 Market Analysis of Medical by Regions
       6.5 Market Analysis of Cleaning & Home by Regions
       6.6 Market Analysis of Spa & Relaxation by Regions
       6.7 Market Analysis of Others by Regions

7 . GLOBAL ESSENTIAL OIL MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Essential Oil Market Estimate by Market Segment
           7.3.3. North America Essential Oil Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Essential Oil Market Estimate by Market Segment
           7.4.3. Europe Essential Oil Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Essential Oil Market Estimate by Market Segment
           7.5.3. Asia Pacific Essential Oil Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Essential Oil Market Estimate by Market Segment
           7.6.3. Latin America Essential Oil Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Essential Oil Market Estimate by Market Segment
           7.7.3. Middle East & Africa Essential Oil Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa

8 . COMPETITIVE LANDSCAPE OF THE ESSENTIAL OIL COMPANIES
       8.1. Essential Oil Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments

9 . COMPANY PROFILES OF ESSENTIAL OIL INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Biolandes
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. dTERRA International
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Essential Oils of New Zealand
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Farotti SRL
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. H.Reynaude & Fils
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Moksha Lifestyle Products
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Sydney Essential Oils Co. Pty Ltd
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. The Lebermuth Company
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. West India Species, Inc.
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. Young Living Essential Oils
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments

10. IMPACT ANALYSIS OF COVID-19 OUTBREAK
10.1. Impact Analysis of Covid-19 Outbreak on the Market
10.1.1. Direct Impact on Production
10.1.2. Supply Chain and Market Disruption
10.1.3. Financial Impact on Firms and Financial Markets
10.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
10.3. Pre V/S Post COVID-19 Market
10.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
10.5. COVID-19: Micro and Macro Factor Analysis on the Market

*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

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 Product
Market Attractiveness Analysis by Application
Market Attractiveness Analysis by Region
Value Chain Analysis
Global Essential Oil Market Analysis by Product (USD MN)
Global Essential Oil Market Analysis in Orange by Geography (USD MN)
Global Essential Oil Market Analysis in Eucalyptus by Geography (USD MN)
Global Essential Oil Market Analysis in Corn mint by Geography (USD MN)
Global Essential Oil Market Analysis in Peppermint by Geography (USD MN)
Global Essential Oil Market Analysis in Citronella by Geography (USD MN)
Global Essential Oil Market Analysis in Lemon by Geography (USD MN)
Global Essential Oil Market Analysis in Lime by Geography (USD MN)
Global Essential Oil Market Analysis in Clover Leaf by Geography (USD MN)
Global Essential Oil Market Analysis in Spearmint by Geography (USD MN)
Global Essential Oil Market Analysis in Others by Geography (USD MN)
Global Essential Oil Market Analysis by Application (USD MN)
Global Essential Oil Market Analysis in Food & Beverages by Geography (USD MN)
Global Essential Oil Market Analysis in Medical by Geography (USD MN)
Global Essential Oil Market Analysis in Cleaning & Home by Geography (USD MN)
Global Essential Oil Market Analysis in Spa & Relaxation by Geography (USD MN)
Global Essential Oil Market Analysis in Others by Geography (USD MN)
Latin America Essential Oil Market by Revenue
Middle East & Africa Essential Oil Market by Revenue
Recent Development in Essential Oil Industry
Company Market Share Analysis, 2019

* 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

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ID:VMR11210109

January 2020

Report Formats:

Choose your Buying Option

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Objectives of Study

Buy Chapters or Sections

Why Choose Us

Client First Policy

Excellent Quality

Robust After Sales Support

24/7 Email Support

Clients

Testimonials

Vincenzo Baydar – Head Planning, Leading Food Chain, US

Mia Tang, Director - Business Strategy, Steel Industry, Germany

Jo Chin, Owner of a Manufacturing Plant in Taiwan

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Need specific market information?

ID:VMR11210109

January 2020

Report Formats:

Choose your Buying Option

Choose your Buying Option

Objectives of Study

Buy Chapters or Sections

Why Choose Us

Client First Policy

Excellent Quality

Robust After Sales Support

24/7 Email Support

Clients

Testimonials

Vincenzo Baydar – Head Planning, Leading Food Chain, US

Mia Tang, Director - Business Strategy, Steel Industry, Germany

Jo Chin, Owner of a Manufacturing Plant in Taiwan

Key questions answered by the report

Need specific market information?

Important: Covid19 pandemic market impact