Essential Oil Market
Essential Oil Market Study by Citrus, Nuts, Herbs & Spices, Flowers, and Mint for Food & Beverages, Personal Care & Cosmetics, and Pharmaceuticals from 2024 to 2034
Analysis of Essential Oil Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Essential Oil Market Outlook (2024 to 2034)
The global essential oil market, as revealed in a newly published study by Fact.MR, is projected to be valued at US$ 24.94 billion in 2024. Worldwide demand for essential oils is evaluated to increase at a CAGR of 9% and reach a market value of US$ 59 billion by the end of 2034. The main factor driving the increasing popularity of essential oils is the rising emphasis on well-being and health in several parts of the world.
A positive perception of aromatherapy is also driving demand for essential oils as a complementary medicine for improving wellness and health. These oils are used for several purposes, such as aromatherapy, cooking, cosmetics & personal care, fragrance, and others.
Certain volatile and complex chemical compounds are present in essential oils, imparting their anti-inflammatory, antibacterial, antifungal, and antiviral properties. Several conventional drugs and medicines are now being incorporated with pleasant-smelling aroma compounds to create appealing products, especially those chemicals that emit undesirable odors. These oils are also used as an effective replacement for drugs, chemicals, and medicines due to decreased risks of side effects and associated health benefits.
Growing demand for ready-to-eat and convenience meals and wellness foods along with constant technological advancements in the production process are contributing to the expansion of the essential oil market size. The rising need for fragrances and flavors utilized in foods & beverages and personal care products is creating opportunities for providers of essential oils and aroma compounds.
- Sales of essential oils in Japan are projected to rise at a CAGR of 9.5% from 2024 to 2034.
- East Asia is estimated to account for 23.1% of the global essential oil market share by the end of 2034.
- The market in Canada is analyzed to expand at 9.5% CAGR through 2034.
- Worldwide demand for essential oils for use in personal care & cosmetic products is forecasted to increase at a CAGR of 9.5% and reach a market value of US$ 26.92 billion by 2034.
| Report Attribute | Detail |
|---|---|
| Essential Oil Market Size (2024E) | US$ 24.94 Billion |
| Forecasted Market Value (2034F) | US$ 59 Billion |
| Global Market Growth Rate (2024 to 2034) | 9% CAGR |
| Market Share of Conventional Essential Oil (2034F) | 53.3% |
| North America Market Share (2034F) | 24.3% |
| South Korea Market Growth Rate (2024 to 2034) | 9.8% CAGR |
| Key Companies Profiled | Young Living Essential Oils; Now Health Group, Inc.; doTERRA; Rocky Mountain Oils, LLC; Ultra International B.V.; NHR Organic Oils; AOS Product Pvt. Ltd.; BMV Fragrances Pvt. Ltd.; Lebermuth Inc.; Van Aroma; Ugerer and Company; Flavaroma; Sensient Technologies Corporation; Givaudan SA; Falcon Essential Oils. |
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What is Responsible for Increasing Popularity of Essential Oils?
“Pharmaceutical Industry Generating High Demand for Essential Oils”
Plant-based oils are comprised of several compounds, such as terpenes, terpenoids, and phenols, which are used for health assistance and medical standards. These compounds are utilized as essential ingredients in therapeutic drugs and pharmaceutical agents.
Carvacrol compounds are present in several essential oils, which are utilized for lowering cholesterol levels, losing weight, and improving gut symptoms. They are becoming more popular for cancer-fighting and pain-reducing agent properties.
“Multi-level Marketing Benefiting Essential Oil Manufacturers”
Several key manufacturers of essential oils are embracing multi-level marketing techniques to reach out to a larger base of consumers and expand their business. The rising population of health-conscious consumers is stimulating demand for essential oils for their health benefits, which is resulting in their growing availability at retail stores, especially through convenience stores.
What is Adversely Impacting the Sales Growth of Essential Oils?
“Rising Demand for True-label and Natural Products”
There is an increased demand for natural products, which are free from any type of harmful chemicals. Increasing concerns about the use of fertilizer sprays and pesticides are also limiting demand for essential oil as the key ingredients used in its production contain harmful compounds. There are certain disadvantages of using chemically processed ingredients and thereby giving preference to true-label products. These factors are impeding essential oil market growth.
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How are New Companies Expanding Their Market Presence?
“Focus on R&D Activities for Improving Functionality of Essential Oils”
Startups are investing highly in R&D activities to improve the functionality of essential oils in end-use industries, such as cosmetics, food, animal nutritional products, and pharmaceuticals. New market players need to focus more on the introduction of new essential oil blends to match consumer preferences. They are using natural and organic ingredients for producing essential oils.
Country-wise Insights
As per the newly published analysis by Fact.MR, a market research and competitive intelligence provider, in North America is evaluated to account for 24.3% of the global market share by the end of 2034. Increasing demand for essential oils is owing to the rising preference for a healthy lifestyle along with ingredient transparency. The growing use of essential oils in pharmaceuticals and supplements is widening opportunities for market players in North America.
What is the Sales Outlook for Essential Oils in the United States?
“Increasing Sales of Essential Oils Due backed by High Demand for Natural Ingredients”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.65 Billion |
| Growth Rate (2024 to 2034) | 9.4% CAGR |
| Projected Value (2034F) | US$ 6.54 Billion |
The United States is evaluated to hold a 45.6% share of the North American market by 2034. More consumers in the country prefer products made with the use of natural ingredients, which is a significant essential oil market trend. They are spending significantly on cosmetics and personal care products, which is further increasing demand for essential oils for their sustainability approach.
What is Contributing to Increased Consumption of Essential Oils in China?
“Growing Trend of Aromatherapy Increasing Consumption of Essential Oils”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.73 Billion |
| Growth Rate (2024 to 2034) | 9% CAGR |
| Projected Value (2034F) | US$ 6.48 Billion |
China is projected to hold 47.5% share of the market in East Asia by the end of 2034. Market growth in the country is attributed to its significant position as one of the exporters of some precious oils as well as extracts, including jasmine extract, frankincense oil, Davana oil, spice oils, sandalwood oil, and others. Suitable weather conditions required for agriculture, ample availability of required raw materials, and low-cost labor are responsible for the increased production of essential oils.
What is the Demand Outlook for Essential Oils in Japan?
“Deep Rooted Tradition of Multi-purpose Application of Essential Oils”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 1.61 Billion |
| Growth Rate (2024 to 2034) | 9.5% CAGR |
| Projected Value (2034F) | US$ 4 Billion |
Japan is forecasted to occupy a share of 29.4% of the East Asian market by 2034-end. Essential oils have been used in Japan since ancient times, significantly impacting food, aromatherapy, traditional medicine, and agriculture due to their inherent biological properties, such as antioxidant, antimicrobial, anti-inflammatory, and antiviral effects.
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Category-wise Insights
As stated in the newly published report by Fact.MR, citrus oil is becoming more popular for its invigorating and refreshing scents, thereby appealing to more consumers. Further, vibrant fragrances are generally utilized in candles, air fresheners, and perfumes for uplifting atmospheres. Potential therapeutic properties of citrus oils, such as stress reduction, immune support, and mood enhancement, are contributing to their increased demand.
Why is Use of Conventional Essential Oil Higher?
“Perceived Health Benefits in Comparison to Synthetic Drugs”
| Attribute | Conventional Essential Oils |
|---|---|
| Segment Value (2024E) | US$ 13.44 Billion |
| Growth Rate (2024 to 2034) | 8.9% CAGR |
| Projected Value (2034F) | US$ 31.46 Billion |
Conventional essential oils are evaluated to account for a 53.3% share of the global market by the end of 2034. Growing demand for these oils is attributed to their perceived benefits compared to synthetic drugs and aligning well with the popular principles of herbal medicines.
Why are Essential Oils Extensively Used in Personal Care & Cosmetic Products?
“High Use of Essential Oils in Aromatherapy and Grooming Applications”
| Attribute | Personal Care & Cosmetics |
|---|---|
| Market Value (2024E) | US$ 10.82 Billion |
| Growth Rate (2024 to 2034) | 9.5% CAGR |
| Projected Value (2034F) | US$ 26.92 Billion |
The personal care & cosmetics segment is projected to occupy a share of 45.6% by 2034. Essential oils are used for personal care within spas & relaxation centers as they are utilized in stress-relieving therapies. In addition, their growing use in makeup, hair & skin, and color cosmetics is also driving demand. Their rising use in cleaning gums, mouth, and teeth, as well as in shampoos, soaps, and baby products, is generating lucrative opportunities for market players.
Competitive Landscape
Key players in the essential oil market are actively working on new product launches, acquisitions, mergers, collaboration, and others.
For instance :
- Azelis, a leading provider of food ingredients and specialty chemicals, acquired 100% of BLH SAS’s shares in October 2023. BLH SAS is a key distributor of fragrances and flavors for fine perfumery in France.
- Turpaz Industries announced the acquisition of Food Base in June 2023. Food Base, based in Hungary, specializes in marketing and developing essential oils.
Fact.MR provides detailed information about the price points of leading essential oil manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.
Segmentation of Essential Oil Market Research
-
By Type :
- Citrus
- Nuts
- Herbs & Spices
- Flowers
- Mint
- Others
-
By Nature :
- Organic
- Conventional
-
By End Use :
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Type 6.2. Nature 6.3. End Use 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type 7.1. Citrus 7.2. Nuts 7.3. Herbs & Spices 7.4. Flowers 7.5. Mint 7.6. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Nature 8.1. Organic 8.2. Conventional 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use 9.1. Food & Beverages 9.2. Personal Care & Cosmetics 9.3. Pharmaceuticals 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Type, Nature, End Use, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Young Living Essential Oils 20.2. Now Health Group, Inc. 20.3. doTERRA 20.4. Rocky Mountain Oils, LLC 20.5. Ultra International B.V. 20.6. NHR Organic Oils 20.7. AOS Nature Pvt. Ltd. 20.8. BMV Fragrances Pvt. Ltd. 20.9. Lebermuth Inc. 20.10. Van Aroma 20.11. Ugerer and Company 20.12. Flavaroma 20.13. Sensient Technologies Corporation 20.14. Givaudan SA 20.15. Falcon Essential Oils 21. Assumptions and Acronyms Typed 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
Know thy Competitors
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- FAQs -
How big is the essential oil market in 2024?
The global essential oil market is projected to reach US$ 24.94 billion in 2024.
What is the demand outlook for essential oils by the end of 2034?
Worldwide sales of essential oils are projected to reach US$ 59 billion by 2034.
At what rate is the global market projected to expand?
The market for essential oils is analyzed to advance at 9% CAGR from 2024 to 2034.
How much share of the global market is North America evaluated to hold?
North America is approximated to hold 24.3% share of the global market by 2034.
At what rate is the demand for essential oils forecasted to increase in South Korea?
Sales of essential oils in South Korea are forecasted to rise at 9.8% CAGR from 2024 to 2034.
What is the contribution of conventional essential oils to global market revenue?
Conventional essential oils are evaluated to hold 53.3% share of global market revenue by 2034-end.
Who are some of the key manufacturers of essential oil?
Leading market players are Young Living Essential Oils, Now Health Group, Inc., doTERRA, Rocky Mountain Oils, LLC, and Ultra International B.V.
Which essential oil is in higher demand?
There is an increased preference for citrus oil for its antidiabetic, antifungal, antioxidant, and antibacterial properties.
Essential Oil Market