The essential oils market size has grown rapidly in recent years. It will grow from $17.46 billion in 2024 to $19.79 billion in 2025 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to traditional and alternative medicine, aromatherapy trends, natural and organic products demand, cosmetic and personal care industry growth, food and beverage flavoring, rising awareness of health benefits.
The essential oils market size is expected to see rapid growth in the next few years. It will grow to $37.25 billion in 2029 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to wellness and self-care trends, natural fragrance in home products, expanding beauty and personal care markets, sustainable and ethical practices, global exploration of unique flora. Major trends in the forecast period include expansion in emerging markets, innovative blending and formulations, focus on sustainability and ethical sourcing, rising popularity of aromatherapy, increasing demand for organic and natural products.
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What key drivers have fueled the essential oils market’s development over the years?
The growing spa industry across the globe is expected to propel the growth of the essential oils market. Essential oils are used in aromatherapy, a form of alternative medicine to support health and well-being. Consumer preference is increasing for natural and organic oil products all around the globe. For instance, according to The Global Wellness Institute, a US-based nonprofit organization, in the year 2022, the spa industry comprised more than 181,000 establishments, generating revenues totaling $105 billion. Additionally, spa revenues are anticipated to surpass their pre-pandemic levels by 2023, with a projected growth to $156 billion by 2027. Therefore, the increasing spa industry across the globe is driving the growth of the essential oils market.
What is the segmentation for the essential oils market?
The essential oils market covered in this report is segmented –
1) By Type: Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil
2) By Method Of Extraction: Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Other Method Of Extraction
3) By Application: Food And Beverage, Aromatherapy, Cosmetics And Toiletries, Pharmaceuticals, Cleaning And Home Care, Animal Feed, Fragrances
Subsegments:
1) By Orange Oil: Sweet Orange Oil, Bitter Orange Oil
2) By Lemon Oil: Cold-Pressed Lemon Oil, Distilled Lemon Oil
3) By Lime Oil: Persian Lime Oil, Key Lime Oil
4) By Peppermint Oil: Mentha Piperita Oil
5) By Cornmint Oil: Mentha Arvensis Oil
6) By Citronella Oil: Java Citronella Oil, Ceylon Citronella Oil
7) By Spearmint Oil: Mentha Spicata Oil
8) By Geranium Oil: Pelargonium Graveolens Oil
9) By Clove Leaf Oil: Eugenia Caryophyllata Oil
10) By Eucalyptus Oil: Eucalyptus Globulus Oil, Eucalyptus Radiata Oil
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Who are the most influential companies in the essential oils market?
Major companies operating in the essential oils market include Cargill Incorporated, Koninklijke DSM N.V., DuPont de Nemours Inc., International Flavors & Fragrances Inc., Essential Oils New Zealand Limited, Givaudan SA, Symrise AG, Mane SA, doTERRA International LLC, Sensient Technologies Corporation, Robertet SA, Firmenich International SA, Ungerer Limited, Aromatics International LLC, Young Living Essential Oils LC, Mountain Rose Herbs, Falcon Essential Oils, The Lebermuth Company Inc., BIOLANDES SAS, Rocky Mountain Oils LLC, Edens Garden, Plant Therapy LLC, Florihana, Aromaaz International, Stillpoint Aromatics LLC, Wyndmere Naturals Inc., Aromatherapy Associates Limited, Farroti Essential Oils Pvt. Ltd., Indian Essential Oils, Oshadhi Ltd., Floracopeia Inc.
What are the top industry trends projected to impact the essential oils market?
Major companies operating in the essential oils market are concentrating their efforts on developing innovative solutions such as essential oil diffusers. An essential oil diffuser is a device designed to disperse essential oils into the air, creating a pleasant and aromatic atmosphere. For instance, in December 2022, Young Living Essential Oils, LC, a Utah-based essential oil company announced the launch of ‘Duet Diffuser’ and ‘Sprout the Puppy Diffuser’. These essential oil diffusers incorporate advanced technologies, offering two ideal diffusion options suitable for users of all ages. The Duet Diffuser utilizes atomizing technology that enables the diffusion of essential oils without the need for water, resulting in increased oil diffusion and minimized mess. Sprout the Puppy introduces an endearing new companion to join young oil enthusiasts in their aromatic journey. Featuring five calming sound choices, 10 LED light presentations, and a BPA-free, heat-free design, this special edition diffuser is an ideal and secure addition to any child’s bedroom.
What are the major regional insights for the essential oils market, and which region holds the top position?
The countries covered in the essential oils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Essential Oils Market Report 2025 Offer?
The essential oils market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The essential oil refers to the oils as concentrated plant extracts that retain the natural flavor, essence, and smell of their source. These types of oils are mainly used in aromatherapy.
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