Market Overview:
The global essential oil market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for essential oils in food and beverage applications, recreation applications, and other applications. Additionally, the growing awareness about the benefits of essential oils is also contributing to the growth of this market. The natural essential oil segment is projected to grow at a higher CAGR than the synthetic essential oil segment during the forecast period. This can be attributed to factors such as rising consumer preference for natural products and increasing awareness about health benefits associated with natural essential oils.
Product Definition:
Essential oils are natural, volatile aromatic compounds that are extracted from plants. They are used in perfumes, cosmetics, soaps and other personal care products, as well as in food and drink. Some essential oils are also used as dietary supplements. Essential oils have been used for thousands of years for their therapeutic benefits.
Natural Essential Oil:
Natural essential oil is extracted from the leaves, fruits, stem or roots of a plant by mechanical or chemical means. The extraction process does not involve any harmful chemicals and hence it can be termed as natural.
Synthetic Essential Oil:
Synthetic essential oil is a manufactured product and it's different from natural essential oil. Synthetic essential oils are produced by chemical extraction of plant materials using very high heat and pressure. In contrast to natural oils, synthetic products do not occur in nature; therefore they have no associated fragrance or flavor.
Application Insights:
The food and beverages segment accounted for more than 40.0% share of the global revenue in 2017. The use of essential oils in various functional foods such as bakery products, dairy products, meat products and snacks is expected to drive the segment over the forecast period. Furthermore, increasing consumer awareness regarding product benefits is likely to fuel industry growth during this period.
Recreational activities are anticipated to witness significant growth over the forecast period owing to rising health consciousness among consumers coupled with a rise in disposable income levels across developing countries including India, China and Brazil which has resulted in increased spending on recreational activities such as spa treatments at resorts and hotels which include usage of essential oils for relaxation therapies along with other aromatherapy techniques for providing stress-relieving benefits. These factors are projected to boost market demand during this period.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest economies, such as China, India, Japan and South Korea. These countries have a high demand for natural products due to growing consumer awareness regarding health benefits associated with essential oils. Moreover, increasing population has led to an increase in domestic consumption across these countries which will further boost market growth over the next eight years.
Europe accounted for approximately 25% of global essential oil market share in 2017 owing to rising consumer spending on wellness related services along with increased focus on quality of life issues across this region. This factor is anticipated to fuel product demand during the forecast period from 2018-2030 timeframe.
Growth Factors:
- Increasing demand for aromatherapy and essential oils for therapeutic purposes
- Rising awareness about the benefits of essential oils among consumers
- Growing use of essential oils in personal care and beauty products
- Proliferation of online retail channels for selling essential oils
- Expansion of distribution networks for marketing and selling essential oils
Scope Of The Report
Report Attributes
Report Details
Report Title
Essential Oil Market Research Report
By Type
Natural Essential Oil, Synthetic Essential Oil
By Application
Food and Beverages, Recreation, Other
By Companies
The Body Shop, Bath & Body Works Direct, Aromaaz, Aura Cacia, Biolandes, Bon Vital', Nature's Alchemy, Edens Garden, Earthly Body, Fabulous Frannie, The Body Shop, MHP, Now Foods, Plant Therapy Essential Oils, Soothing Touch, Sydney Essential Oils
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Essential Oil Market Report Segments:
The global Essential Oil market is segmented on the basis of:
Types
Natural Essential Oil, Synthetic Essential Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Recreation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Body Shop
- Bath & Body Works Direct
- Aromaaz
- Aura Cacia
- Biolandes
- Bon Vital'
- Nature's Alchemy
- Edens Garden
- Earthly Body
- Fabulous Frannie
- The Body Shop
- MHP
- Now Foods
- Plant Therapy Essential Oils
- Soothing Touch
- Sydney Essential Oils
Highlights of The Essential Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Essential Oil
- Synthetic Essential Oil
- By Application:
- Food and Beverages
- Recreation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Essential Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Essential oil is a natural product that comes from plants. It is made up of different chemicals, including terpenes and cannabinoids.
Some of the major companies in the essential oil market are The Body Shop, Bath & Body Works Direct, Aromaaz, Aura Cacia, Biolandes, Bon Vital', Nature's Alchemy, Edens Garden, Earthly Body, Fabulous Frannie, The Body Shop, MHP, Now Foods, Plant Therapy Essential Oils, Soothing Touch, Sydney Essential Oils.
The essential oil market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Essential Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Essential Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Essential Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Essential Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Essential Oil Market Size & Forecast, 2020-2028
4.5.1 Essential Oil Market Size and Y-o-Y Growth
4.5.2 Essential Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Natural Essential Oil
5.2.2 Synthetic Essential Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Recreation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Essential Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Essential Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Natural Essential Oil
9.6.2 Synthetic Essential Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Recreation
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Natural Essential Oil
10.6.2 Synthetic Essential Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Recreation
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Natural Essential Oil
11.6.2 Synthetic Essential Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Recreation
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Natural Essential Oil
12.6.2 Synthetic Essential Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Recreation
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Natural Essential Oil
13.6.2 Synthetic Essential Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Recreation
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Essential Oil Market: Competitive Dashboard
14.2 Global Essential Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Body Shop
14.3.2 Bath & Body Works Direct
14.3.3 Aromaaz
14.3.4 Aura Cacia
14.3.5 Biolandes
14.3.6 Bon Vital'
14.3.7 Nature's Alchemy
14.3.8 Edens Garden
14.3.9 Earthly Body
14.3.10 Fabulous Frannie
14.3.11 The Body Shop
14.3.12 MHP
14.3.13 Now Foods
14.3.14 Plant Therapy Essential Oils
14.3.15 Soothing Touch
14.3.16 Sydney Essential Oils
