Market Overview:
The Global Luxury Essential Oils Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury essential oils in beauty and homecare applications. Additionally, the growing awareness about the benefits of luxury essential oils is also propelling market growth. The global luxury essential oils market by type is segmented into compound essential oil and unilateral essential oil. The compoundessential oil segment dominates the global luxuryessential oils market, owing to its high demand in beauty and homecare applications.
Product Definition:
Luxury Essential oils are oils that have been extracted from plants using a technique called distillation. The oil is then purified and often diluted with a carrier oil before it is sold. Luxury essential oils can be used in aromatherapy, massage, and other forms of treatment.
Compound Essential Oil:
Compound essential oil is a complex blend of more than one essential oil. The ratio of these oils can vary widely depending on the producer and also the blending techniques used. Compound essential oils are produced by mixing two or more single Essential Oils (EO) which results in enhancing their therapeutic properties.
Unilateral Essential Oil:
Unilateral essential oil is a single essential oil that is extracted from various parts of the plant. It has its own unique properties and characteristics which are different from those of the other oils present in nature. Some of these characteristics may include antibacterial, anti-inflammatory, antifungal, anesthetic and even toxic to some extent. These characteristic vary depending upon the part of plant on which these oils are extracted like roots, leaves or stem etc.
Application Insights:
The beauty agencies application segment held the largest market share of over 70% in 2017. The segment is expected to witness significant growth owing to rising demand for luxury essential oils from various cosmetic products such as perfumes, skincare and hair care formulations. Rising consumer preference for personalized product formulations is anticipated to boost the use of these oils in personal care products over the forecast period.
The homecare application segment accounted for a significant market share in terms of revenue generation and is expected to grow at a CAGR exceeding 9% from 2018 to 2030 due high demand for aromatherapy at home by consumers who seek natural treatment options for various health ailments and hygiene concerns.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from countries, such as U.S., Canada, and Mexico. The region is expected to maintain its dominance over the forecast period due to increasing awareness regarding luxury essential oil benefits coupled with growing consumer preference for natural ingredients-based products. Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing rising middle class population and improving economic conditions in emerging countries like China and India.
The product demand pattern varies significantly across different regions as per their application areas as well as cultural trends followed by consumers globally.
Growth Factors:
- Increasing demand for luxury products: The global luxury goods market is expected to grow at a CAGR of 5.8% during the forecast period (2018-2023). This is mainly due to the increasing disposable income of consumers, especially in developing countries.
- Rising awareness about the benefits of essential oils: Essential oils are being increasingly recognized for their therapeutic properties and are being used in various applications such as aromatherapy, massage therapy, and skin care. This is driving the growth of the luxury essential oils market.
- Growing popularity of natural and organic products: Consumers are becoming more aware about the health risks associated with synthetic chemicals and are therefore turning towards natural and organic products. This is boosting demand for luxury essential oils worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Essential Oils Market Research Report
By Type
Compound Essential Oil, Unilateral Essential Oil
By Application
Beauty Agencies, Homecare
By Companies
Young Living, DōTERRA, Edens Garden, Radha Beauty, Majestic Pure, Now Foods, ArtNaturals, Healing Solutions, Rocky Mountain, Plant Therapy, Mountain Rose Herbs, GuruNanda, Aura Cacia, Plant Guru
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Essential Oils Market Report Segments:
The global Luxury Essential Oils market is segmented on the basis of:
Types
Compound Essential Oil, Unilateral 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
Beauty Agencies, Homecare
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
- DōTERRA
- Edens Garden
- Radha Beauty
- Majestic Pure
- Now Foods
- ArtNaturals
- Healing Solutions
- Rocky Mountain
- Plant Therapy
- Mountain Rose Herbs
- GuruNanda
- Aura Cacia
- Plant Guru
Highlights of The Luxury Essential Oils 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:
- Compound Essential Oil
- Unilateral Essential Oil
- By Application:
- Beauty Agencies
- Homecare
- 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 Luxury Essential Oils 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?
Luxury essential oils are those that have been specifically chosen for their therapeutic properties and are typically more expensive than other essential oils. They may be used in aromatherapy or as a component of personal care products.
Some of the major players in the luxury essential oils market are Young Living, DÅTERRA, Edens Garden, Radha Beauty, Majestic Pure, Now Foods, ArtNaturals, Healing Solutions, Rocky Mountain, Plant Therapy, Mountain Rose Herbs, GuruNanda, Aura Cacia, Plant Guru.
The luxury essential oils market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Essential Oils 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 Luxury Essential Oils Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Essential Oils 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 Luxury Essential Oils 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 Luxury Essential Oils Market Size & Forecast, 2018-2028
4.5.1 Luxury Essential Oils Market Size and Y-o-Y Growth
4.5.2 Luxury Essential Oils Market Absolute $ Opportunity
Chapter 5 Global Luxury Essential Oils 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 Luxury Essential Oils Market Size Forecast by Type
5.2.1 Compound Essential Oil
5.2.2 Unilateral Essential Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Essential Oils 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 Luxury Essential Oils Market Size Forecast by Applications
6.2.1 Beauty Agencies
6.2.2 Homecare
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Essential Oils 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 Luxury Essential Oils 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 Luxury Essential Oils Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Essential Oils 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 Luxury Essential Oils Market Size Forecast by Type
9.6.1 Compound Essential Oil
9.6.2 Unilateral 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 Luxury Essential Oils Market Size Forecast by Applications
9.10.1 Beauty Agencies
9.10.2 Homecare
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 Luxury Essential Oils Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Essential Oils 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 Luxury Essential Oils Market Size Forecast by Type
10.6.1 Compound Essential Oil
10.6.2 Unilateral 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 Luxury Essential Oils Market Size Forecast by Applications
10.10.1 Beauty Agencies
10.10.2 Homecare
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 Luxury Essential Oils Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Essential Oils 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 Luxury Essential Oils Market Size Forecast by Type
11.6.1 Compound Essential Oil
11.6.2 Unilateral 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 Luxury Essential Oils Market Size Forecast by Applications
11.10.1 Beauty Agencies
11.10.2 Homecare
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 Luxury Essential Oils Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Essential Oils 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 Luxury Essential Oils Market Size Forecast by Type
12.6.1 Compound Essential Oil
12.6.2 Unilateral 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 Luxury Essential Oils Market Size Forecast by Applications
12.10.1 Beauty Agencies
12.10.2 Homecare
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) Luxury Essential Oils Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Essential Oils 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) Luxury Essential Oils Market Size Forecast by Type
13.6.1 Compound Essential Oil
13.6.2 Unilateral 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) Luxury Essential Oils Market Size Forecast by Applications
13.10.1 Beauty Agencies
13.10.2 Homecare
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 Luxury Essential Oils Market: Competitive Dashboard
14.2 Global Luxury Essential Oils Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Young Living
14.3.2 DōTERRA
14.3.3 Edens Garden
14.3.4 Radha Beauty
14.3.5 Majestic Pure
14.3.6 Now Foods
14.3.7 ArtNaturals
14.3.8 Healing Solutions
14.3.9 Rocky Mountain
14.3.10 Plant Therapy
14.3.11 Mountain Rose Herbs
14.3.12 GuruNanda
14.3.13 Aura Cacia
14.3.14 Plant Guru
