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Essential Oil Market Segmentation By Product Type (Orange, Corn Mint, Eucalyptus, Citronella, Pepper Mint, Lemon, Clove Leaf, Lime, Spearmint and Others); By Application (Medical, Food & Beverages, Spa & Relaxation, Cosmetics, Cleaning & Home and Others) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Essential Oil Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Introduction to Essential oil Market Overview

Essential oils has aromatic compounds produced by plants. Essential oils are extracted from various plant sources such as leaves, flowers, bark, fruits and wood. Most of the essential oils are extracted from the steam distillation method. The essential oils have wide application in medicines and cosmetics products. The essential oils are used in personal care products such as shampoo, soaps and hair care. Additionally, essential oil are used in food industries for flavoring, aroma, preservatives and others.

Market Size and Forecast

The global essential oil market is observing vibrant growth on account of increasing demand for personal care products. Additionally, increasing application of essential oil in food and pharmaceutical industry is projected to drive essential oil market.

According to International Trade Administration, the essential oil imports by Australia has increased to 40% from 2013 to 2015. Thus, essential oil market is anticipated to record a CAGR of 8.9% over the forecast period. The essential oil market is expected to reach a value of USD 15.4 million at the end of the forecast period.CLICK TO DOWNLOAD SAMPLE

Growth Drivers

Increasing application in Food Industry

Rapid economic development coupled with rising disposable income, thriving food industry is expected to boost the essential oil market in the developing regions. Additionally, increasing premium cuisine preferred by the high income population demand for the essential oils. This is expected to impact to have positive impact on essential oil market during the forecast period.

Widespread Application in Aromatherapy

Essential oils are used for aromatherapy. The various health benefits owing to the medicinal properties facilitates the demand for essential oil. Moreover, rapid urbanization and rising disposable income in countries such as China and India is also increasing the demand for aromatherapies. This indirectly drives the market growth of the essential oil market during the forecast period.

essential oil market


High Cost

The high cost for extracting essential oil from specific plant types is expected to hinder the market growth of essential oil in the coming future.

Market Segmentation

Our-in depth analysis of the global essential oil market includes the following segments:

By Product Type

  • Orange
  • Corn Mint
  • Eucalyptus
  • Citronella
  • Pepper Mint
  • Lemon
  • Clove Leaf
  • Lime
  • Spearmint
  • Others

By Application        

  • Medical
  • Food & Beverages
  • Spa & Relaxation
  • Cosmetics
  • Cleaning & Home
  • Others

By Region

On the basis of regional analysis, global essential oil market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Europe is expected to dominate the essential oils market .In Europe, France is expected to contribute highest market share in the region during the forecast period on the account of high application of essential oil in cosmetics industry. Additionally, the expanding food and beverage industry in Europe is also driving the growth of the essential oil market.

Asia Pacific is anticipated to grow with the highest CAGR during the forecast period. This is attributed to the large production of essential oils coupled with increasing demand for organic products in the region.

North America is expected to show substantial growth in the essential oil market on the back of high import of essential oils for manufacturing personal care products during the forecast period. Additionally, the increasing demand for the flavors and fragrance in food and beverage industry is driving the growth of the essential oil market.

Global essential oil market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Key Players

  • BO International
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Biolandess SAS
  • Sydney Essential Oil Co.
  • Young Living Essential Oils
  • Frutarom
  • Firmnich
  • DoTerra
  • Rock Mountain Moksha Lifestyle
  • Flavex
  • Florihana

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