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:
Product
|
|
Ciz-3 Hexanol
|
DMO
|
Palmarosa
|
Pepper Mint
|
Rosemary
|
Spearmint
|
Tea Tree
|
Turmeric
|
Vetiver
|
Others
|
|
|
Sales Channel
|
Direct Selling
|
Others
|
|
|
Application
|
Cleaning
& Home
|
Kitchen Cleaners
|
|
Floor Cleaners
|
|
Bathroom Cleaner
|
|
Fabric Care
|
Food
& Beverages
|
Bakery
|
|
Confectionery
|
|
Dairy
|
|
RTE meals
|
|
Beverages
|
|
Meat, Poultry & Seafood
|
|
Snacks & Nutritional Bars
|
Medical
|
Pharmaceutical
|
|
Nutraceuticals
|
Spa
& Relaxation
|
Aromatherapy
|
|
Massage Oil
|
|
Personal Care
|
|
Fabric Care
|
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)