Market Overview:
The global herb oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for herbal products and essential oils across the globe. Additionally, the growing awareness about the benefits of using herbal oils is also propelling the growth of this market. Herb oil is extracted from various types of herbs such as basil, mint, thyme, dill, and others. These oils are used in personal care and cosmetic applications; food and beverage applications; pharmaceutical applications; aromatherapy applications; and other industrial applications. Among all regions, Asia Pacific is expected to witness highest growth rate during forecast period owing to rising consumer awareness about benefits associated with use of herb oils coupled with increasing disposable income levels in countries such as China and India.
Product Definition:
Herb oil is an essential oil that is distilled from the leaves, flowers, or fruits of plants. Herb oils are used in aromatherapy and are said to have healing properties.
Basil:
Basil is a member of the mint family and is related to many other herbs, such as oregano, marjoram, and parsley. It has been used for centuries in cooking as well as medicinal purposes. The herb has been valued for its strong flavor and aroma that can be similar to both floral & fruity like anise along with more woody camphoraceous like basil.
Mint:
Mint is a herbaceous plant and is also known as the garden mint. It has been valued for its aromatic leaves, which are used in various food preparations and medicinal purposes. Mint can be grown easily in almost all climatic conditions including tropical, temperate, and arctic regions. The cultivation of mint has increased over the past few years owing to its increasing demand for use in herbal oil and other such products across the globe.
Application Insights:
The personal care and cosmetic application segment led the global herb oil market in 2017. This is attributed to increasing demand for herbal oils in skincare, haircare, and oral care products. Furthermore, rising consumer preference for natural ingredients due to concerns over side effects of synthetic chemicals has resulted in increased use of herb-based oils in cosmetics across the globe. In addition, growing awareness regarding health benefits associated with these essential oils has boosted their consumption rate even more across various applications including aromatherapy and spa treatments at hotels and resorts.
The food & beverage segment is expected to witness significant growth over the forecast period owing to rising demand from bakery products as well as beverages such as tea extracts and coffee flavors that are increasingly being used worldwide due to their medicinal properties along with flavor enhancement capabilities.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period owing to increasing demand for herbal products among consumers and food and beverage manufacturers in U.S., Canada, and Mexico.
Europe also held a significant share in terms of revenue but was lagging behind North America owing to lack of awareness regarding its benefits among consumers as well as manufacturers alike resulting low availability at retail level thus hampering growth prospects significantly over past few years however changing trends are promising better days ahead hence attracting major players attention towards this region which will boost product demand further leading towards lucrative future growth opportunities for all involved stakeholders including end users/users.
Growth Factors:
- Increasing demand for herbal and organic products: The global herb oil market is expected to grow at a CAGR of 6.5% from 2016 to 2021, owing to the increasing demand for herbal and organic products across the globe.
- Rising awareness about the benefits of herb oils: There is a growing awareness among consumers about the benefits of using herb oils, which is driving the growth of this market.
- Growing popularity of aromatherapy: Aromatherapy is gaining popularity as a means to improve health and well-being, which is propelling the growth of this market.
- Rising disposable income in developing countries: The rising disposable income in developing countries has led to an increase in spending on luxury items such as personal care products, which is aiding the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Herb Oil Market Research Report
By Type
Basil, Mint, Thyme, Dill, Others
By Application
Personal Care and Cosmetic, Food and Beverage, Pharmaceutical, Aromatheraph, Others
By Companies
Young Living Essential Oils, Symrise, Givaudan, International Flavors & Fragrances, Biolandes, DoTERRA, The Lebermuth, China Flavors and Fragrances, Citrus and Allied Essences, Enio Bonchev, Young Living 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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Herb Oil Market Report Segments:
The global Herb Oil market is segmented on the basis of:
Types
Basil, Mint, Thyme, Dill, Others
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
Personal Care and Cosmetic, Food and Beverage, Pharmaceutical, Aromatheraph, Others
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:
- Young Living Essential Oils
- Symrise
- Givaudan
- International Flavors & Fragrances
- Biolandes
- DoTERRA
- The Lebermuth
- China Flavors and Fragrances
- Citrus and Allied Essences
- Enio Bonchev
- Young Living Essential Oils
Highlights of The Herb 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:
- Basil
- Mint
- Thyme
- Dill
- Others
- By Application:
- Personal Care and Cosmetic
- Food and Beverage
- Pharmaceutical
- Aromatheraph
- Others
- 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 Herb 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?
Herb oil is a type of essential oil that is derived from plants. These oils are used to treat a variety of health conditions, including skin problems, anxiety, and depression.
Some of the major companies in the herb oil market are Young Living Essential Oils, Symrise, Givaudan, International Flavors & Fragrances, Biolandes, DoTERRA, The Lebermuth, China Flavors and Fragrances, Citrus and Allied Essences, Enio Bonchev, Young Living Essential Oils.
The herb oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Herb 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 Herb Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Herb 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 Herb 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 Herb Oil Market Size & Forecast, 2020-2028
4.5.1 Herb Oil Market Size and Y-o-Y Growth
4.5.2 Herb 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 Basil
5.2.2 Mint
5.2.3 Thyme
5.2.4 Dill
5.2.5 Others
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 Personal Care and Cosmetic
6.2.2 Food and Beverage
6.2.3 Pharmaceutical
6.2.4 Aromatheraph
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Herb 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 Herb 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 Basil
9.6.2 Mint
9.6.3 Thyme
9.6.4 Dill
9.6.5 Others
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 Personal Care and Cosmetic
9.10.2 Food and Beverage
9.10.3 Pharmaceutical
9.10.4 Aromatheraph
9.10.5 Others
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 Basil
10.6.2 Mint
10.6.3 Thyme
10.6.4 Dill
10.6.5 Others
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 Personal Care and Cosmetic
10.10.2 Food and Beverage
10.10.3 Pharmaceutical
10.10.4 Aromatheraph
10.10.5 Others
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 Basil
11.6.2 Mint
11.6.3 Thyme
11.6.4 Dill
11.6.5 Others
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 Personal Care and Cosmetic
11.10.2 Food and Beverage
11.10.3 Pharmaceutical
11.10.4 Aromatheraph
11.10.5 Others
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 Basil
12.6.2 Mint
12.6.3 Thyme
12.6.4 Dill
12.6.5 Others
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 Personal Care and Cosmetic
12.10.2 Food and Beverage
12.10.3 Pharmaceutical
12.10.4 Aromatheraph
12.10.5 Others
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 Basil
13.6.2 Mint
13.6.3 Thyme
13.6.4 Dill
13.6.5 Others
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 Personal Care and Cosmetic
13.10.2 Food and Beverage
13.10.3 Pharmaceutical
13.10.4 Aromatheraph
13.10.5 Others
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 Herb Oil Market: Competitive Dashboard
14.2 Global Herb Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Young Living Essential Oils
14.3.2 Symrise
14.3.3 Givaudan
14.3.4 International Flavors & Fragrances
14.3.5 Biolandes
14.3.6 DoTERRA
14.3.7 The Lebermuth
14.3.8 China Flavors and Fragrances
14.3.9 Citrus and Allied Essences
14.3.10 Enio Bonchev
14.3.11 Young Living Essential Oils
