Global Market for Essential Oils is Anticipated to Grow at a Significant Pace i.e., USD 16.75 Billion during the Forecast Period 2023-2028

Published Date: Mar, 2024

The global Essential Oils Market is projected to grow at a 9.5% CAGR during 2025-2028. Essential Oils are made from parts of some plants such as seeds, barks, leaves, rinds, and roots and makers of Essential Oils adopt different methods to concentrate them into oils. Also, manufacturers use essential oils to create a product range. Additionally, the makeup and cosmetic industry use essential oils to add fragrances to body washes and creams create perfumes, and as source of natural antioxidants in beauty care products. Moreover, number of medicine practitioners such as Aromatherapists use essential oils for Aromatherapy, which involves diffusing these oils into the air. According to Aromatherapists, breathing in essential oils allows them to enter the bloodstream and lungs, due to which some of the beneficial compound of oils may benefit the body.

Leading hygiene and wellness brands are introducing new range of product based on Essential Oils under their beauty and skincare range, which in turn will propel the market for global Essential Oils Market. For instance, on December 2021, Pee Safe, a hygiene and wellness brand has expanded its product portfolio under its FURR range. The portfolio include ranges from products such as charcoal nose strips, face serums, jade rollers to a winter care kit that includes body wash and essential oils. In addition, Pee Safe has been constantly involved in strengthening its product portfolio by launching new products in accordance with the emerging market trend. Also, the products in FURR range are specifically formulated for different purposes such as skin illuminating, hydration, daily repair and acne. Additionally, they contains natural ingredient extracts like aloe vera, licorice root, sea algae, witch hazel, green tea, oatmeal tea tree oil, and others. Thus, such adoption of Essential Oils in production of hygiene products will propel the market growth.

COVID-19 pandemic has shown a positive impact on the Essential Oils market globally. There has been a surge in demand for Essential Oils as these are claimed to enhance immunity and health. In addition, according the industry experts in the chaotic pandemic, the consumers should use Essential Oils in daily life to improve the immune system and achieve a calm mind.

Browse 53 market data Tables and 35 Figures spread through 190 Pages and in-depth TOC on " Essential Oils Market by Type (Orange, Lemon, Eucalyptus, Peppermint, Clove Leaf, Lime, Cornmint, Citronella, Spearmint, Geranium, Jasmine, Tea Tree, Rosemary, Lavender, and Others), by Application (Food & Beverages, Medical, Animal Feed, Spa & Relaxation, Cleaning & Home, and Others), and Region - Global Forecast to 2030"

By Application, Food & Beverages segment contribute to the largest share in the market.

The global Essential Oils Market by Application is divided into Food & Beverages, Medical, Spa & Relaxation, Cleaning & Home, and Others. Food & Beverages segment holds the major share of the global market and is anticipated to maintain its dominance throughout the forecast period as manufacturers are emphasizing on quality and rising awareness among the consumers regarding benefits of adopting natural ingredients in food processing.

Global Essential Oil Market Segmentation and Key Players

Segment / Key Players

Categorization

Type

Orange, Lemon, Eucalyptus, Peppermint, Clove Leaf, Lime, Cornmint, Citronella, Spearmint, Geranium, Jasmine, Tea Tree, Rosemary, Lavender, and Others

Application

Food & Beverages, Medical, Animal Feed, Spa & Relaxation, Cleaning & Home, and Others

Key Players

BIOLANDES, doTERRA, Essential Oils of New Zealand Ltd., Givaudan, Lebermuth, Inc., and Young Living Essentials Oils, LC., Cargill, Incorporated, Moksha Lifestyle Products, Firmenich SA, and International Flavors & Fragrances Inc.

Discover More About This Report, Download A Free Sample Copy of Global Essential Oils Market

“Asia-Pacific is anticipated to have the fastest growth in the Essential Oils Market during 2025-2030.”

Asia-Pacific is anticipated to grow at a faster pace in the Essential Oils Market owing to the shift of consumer preference toward nutritional and healthy food in countries like China, India, and Others. In addition, the growing adoption of Essential Oil by cosmetic product companies operating in the Asia-Pacific region is also anticipated to provide exponential growth opportunities to the market players.

Some of the major players in the global Essential Oils Market include BIOLANDES, doTERRA, Essential Oils of New Zealand Ltd., Givaudan, Lebermuth, Inc., and Young Living Essentials Oils, LC., Cargill, Incorporated, Moksha Lifestyle Products, Firmenich SA, and International Flavors & Fragrances Inc.

Global Essential Oils Market Coverage

Type Insight and Forecast 2025-2030

  • Orange
  • Lemon
  • Eucalyptus
  • Peppermint
  • Clove Leaf
  • Lime
  • Cornmint
  • Citronella
  • Spearmint
  • Geranium
  • Jasmine
  • Tea Tree
  • Rosemary
  • Lavender
  • Others

Application Insight and Forecast 2025-2030

  • Food & Beverages
  • Medical
  • Animal Feed
  • Spa & Relaxation
  • Cleaning & Home
  • Others

Geographical Segmentation

Essential Oils Market by Region

North America

  • By Type
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries