Essential Oils Market

The global essential oils market is foreseen to grow by 8.9%, from USD 10.54 Billion in 2021 to USD 20.85 Billion in 2029. Rising consumer preference for natural personal care products and increasing demand for flavors and fragrances from key end-use industries are some of the factors driving the market for the estimated forecast period. However, limited availability of raw materials and lack of awareness in developing markets is seen to hamper the market growth for the estimated period.

Market Definition

What is the Essential oils Market?

Essential oils smell great, reduce stress, treat fungal infections, and help you sleep. They are concentrated extractions from plants. A process called distillation turns the “essence” of a plant into a liquefied form for many medicinal and recreational uses. There's a wide variety of essential oils available.

Market Overview

The essential oils market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the essential oils market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global essential oils market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Essential oils Market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the essential oils market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the essential oils market include: Biolandes, BMV Fragrances Pvt. Ltd., Dterra International LLC, Essential Oils Of New Zealand Ltd., Falcon, Firmenich SA, Flavex Naturextrakte Gmbh, Givaudan, International Flavors & Fragrances Inc., Mane, Moksha Lifestyle Products, Norex Flavours Private Limited, Robertet Group, Sydney Essential Oil Co., Symrise, Synthite Industries Ltd., Takasago International Corporation, The Lebermuth Company, Ultra International, Vedaoils, Vidyaherbs, West India Spices Inc., Young Living Essential Oils.

COVID-19 Impact on Global Essential oils Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the Essential oils Market has forced the companies to change their sourcing, pricing, and promotion strategies. The essential oils market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the food and beverage industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and Essential oils Market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global essential oils market segmented on the basis of product, application, sales channel, and region:

Type Outlook:

On the basis of Product, the market is segmented into Ciz-3 Hexanol, DMO, Palmarosa, Pepper Mint, Rosemary, Spearmint, Tea Tree, Turmeric.

Figure 1 Essential oils Market By Type (Market Size And Forecast By Value USD Million, 2021 & 2029)

Application Outlook:

On the basis of application, the market is segmented into cleaning & home, food & beverages, medical, spa & relaxation. Further, cleaning & home is segmented into kitchen cleaners, floor cleaners, bathroom cleaner , fabric care. Further, food & beverages is segmented into bakery, confectionery, dairy , rte meals, beverages , meat, poultry & seafood, snacks & nutritional bars. Further, medical is segmented into pharmaceutical, nutraceuticals. Further, Spa & relaxation is segmented into aromatherapy, massage oil, personal care , fabric care.

Figure 2 Application Outlook (Revenue, USD Million, 2021)