According to the latest report from the IMARC Group, the World market for essential oils grew with a CAGR of around 7% in the period 2015-2020. Looking ahead, the market is expected to show moderate growth in the period 2021-2026.
We regularly track the direct impact of COVID-19 on the market, as well as the indirect impact of related industries. These observations are incorporated into the report.
Essential oils are extracted from the seeds, roots, stems, fruits, wood, bark, flowers and leaves of a single plant species through steam distillation, expression and carbon dioxide (CO2) extraction. They have distinctive scents and are widely used to make perfumes, shampoos, soaps and cleansing gels. Essential oils also have various therapeutic properties due to which essential oils are also used in medicaments for aromatherapy or as carriers for drug delivery applications. In addition, they are used to improve the sensory properties of agricultural goods such as food and feed.
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Market trends
Essential oils help treat cough, bronchitis, and other respiratory diseases. A significant increase in the number of people diagnosed with respiratory diseases worldwide is primarily driving the demand for essential oils. In addition, these oils are also gaining popularity as natural flavorings in foods such as candy, confectionery, pickles, meat, and soft drinks. Numerous other uses of essential oils include the synthesis of chemical preservatives, repellants, and edible film coatings, and as odorants in paints and detergents. In addition, the increasing demand for longer shelf life of food, minimal addition of preservatives, and protecting food from microbial contamination is expected to encourage the introduction of essential oils to promote the safety and quality of seafood, dairy and cereal items, etc.
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List of Key Companies Covered In This Market Report:
- Biolandes
- doTerra
- Essential Oils from New Zealand Ltd.
- Falcon essential oils
- Farotti SRL
- FLAVEX Naturextrakte GmbH
- Reynaud & Fils
- Essential oils from India
- Moksha lifestyle products
- Rocky Mountain Oils LLC
- Sydney Essential Oil Co. (SEOC)
- The Lebermuth company
- Ungerer Limited
- Young Living essential oils.
The report has segmented the market based on product, application, sales channel and geography.
Breakdown by product:
- Cedarwood Oil
- Eucalyptus oil
- Lavender oil
- Lemongrass oil
- Rosemary oil
- Tea tree oil
- Ylang-ylang oil
- Other
Distribution according to application:
- Medical
- Pharmaceuticals
- Nutraceuticals
- food and drinks
- Bakery and pastry shop
- beverages
- Meat, poultry and seafood
- Other
- Wellness and relaxation
- Aromatherapy
- personal hygiene
- cosmetics
- Toiletries
- Other
- Cleaning and home
- Kitchen cleaner
- Floor cleaner
- Bathroom cleaner
- Other
- Other
Distribution according to sales channel:
- Offline shops
- Online stores
Distribution according to geography:
- North America (USA & Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Main highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently included in the scope of the report, we can provide it to you as part of the customization.
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