Market Overview:

The Essential Oils Market, estimated to reach $22.8 billion by 2030 with a CAGR of 10.2% from 2024-2030, is driven by increasing consumer preference for natural and organic products due to their health benefits and sustainability. Essential oils, valued for their versatility, are widely used in aromatherapy, cosmetics, food, and beverages for their therapeutic, fragrant, and flavoring properties. Trends like functional fragrances, customization, and the rise of e-commerce have expanded accessibility and demand. Manufacturers are meeting consumer expectations with sustainable sourcing and innovative product formulations, further fueling market growth.

 

Regional Insights:
Europe dominated the Essential Oils Market in 2023, driven by strong demand in the food and beverage industry, where essential oils are recognized as natural flavoring agents. Their diverse properties, such as stress-relief, antibacterial effects, and therapeutic benefits for conditions like stress, insomnia, and anxiety, further boost their popularity. In the UK, nearly 7% of adults report daily stress, highlighting the relevance of these products.

 

For More Queries About " Essential Oils " @ https://www.industryarc.com/pdfdownload.php?id=16310

 Scope of the Report:

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

10.2%

Market Size in 2030

$22.8 Billion

Segments Covered

By Type, By Product, By Application, By Extraction Method By Distribution Channel, and By Region

Geographies Covered

North America (U.S, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America) and RoW (Middle East and Africa).

Key Market Players

1. Young Living Essential Oils

2. doTERRA International

3. Biolandes

4. Farotti Essenze Srl

5. Sensient Technologies Corporation

6. The Lebermuth Company

7. NOW Foods

8. Mane Kancor Ingredients Pvt Ltd

9. Robertet Group

10. Norex Flavours Private Limited

 

Essential Oils Market: Recent Development

• In August 2023, Botanical Innovations launched Botanical’s Breath Microencapsulated Essential Oils, aiming to innovate nutraceutical applications. These powders offer gradual, sustained release of essential oils, enhancing sensory experiences. Kerry Ferguson, managing director, highlighted their commitment to science and nature for enriched lives.

• In October 2022, doTERRA launched a new product supporting wellness combining pure essential oils, sustainable sourcing and evidence-based research. Product launch includes Helichrysum touch, LaLuz Diffuser, Roam Diffuser, Dawn Aroma Humidifier, Balance Bath Bar, On Guard Toothpaste and On Guard Hand Wipes.

• In September 2022, doTERRA announced the product launch of various essential oil and products. Products that will be launched by 2022-2023 include eucalyptus, guaiac wood, Spanish sage and doTerra Hope Touch.

Essential Oils Market: Competitive Landscape

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Essential Oil Industry. The top 10 companies in the Essential Oil market are-

  1. Young Living Essential Oils
  2. doTERRA International
  3. Biolandes
  4. Farotti Essenze Srl
  5. Sensient Technologies Corporation 
  6. The Lebermuth Company
  7. NOW Foods
  8. Mane Kancor Ingredients Pvt Ltd
  9. Robertet Group
  10. Norex Flavours Private Limited

 

 

About IndustryARC™:
 
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  
 
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
 
Contact Us:
 
Mr. Venkat Reddy
IndustryARC
USA: (+1) 518-282-4727
Follow us on LinkedIn | Facebook | Twitter