Essential Oil Market Overview

The report is titled as ‘Essential Oil Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the essential oil market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The essential oil market is expected to grow at a significant rate in the near future.

The global essential oil market in 2020 is estimated for more than US$ 8.4 Bn and expected to reach a value of US$ 17.2 Bn by 2028 with a significant CAGR of 9.3%.

Essential Oil Market Definition

Essential oil is a concentrated liquid that contains aromatic products, which are extracted from plants. Essential oils are also referred to as volatile oils, aetherolea, ethereal oil, and even oil of the plants. The oil extracted contains the essence of the plant fragrance. The oil may be chemically expressed as essential amino acids or even essential fatty acids. The oils are generally extracted with the help of the distillation process. Other processes involve solvent extraction, absolute oil extraction, and even cold pressing. These are further used in perfumes, soaps, cosmetics, flavored food and beverage, and others.

Essential Oil Market Dynamics

Increasing aromatherapy and rising consumer attraction towards natural ingredient drives this market. Moreover, the changing lifestyles, application of these oils in the pharmaceutical industry and increasing personalized toiletries is further fuelling the demand for essential oils, globally.

Favorable government policies and regulations for essential oils and growing demand for such fragrancing oils from emerging countries are further creating endless opportunities for the growth of essential oil market. On the basis of products, orange oil recorded to have the highest market share of this market. Whereas, the food & beverage segment holds the largest share on the basis of the application. However, the high cost of these oils and irregular availability of raw materials may hamper the growth of this market.

The global essential oil market is expected to increase at a significant CAGR over the forecast period owing to the increasing count of spa and relaxation industries, increasing disposable income and rising demand of essential oils from end-user industry.

Essential Oil Market Key Players

The global essential oil market is mainly dominated by Cargill Inc., Dōterra International LLC, E. I. Du Pont De Nemours and Company, Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Sensient Technologies Corporation, Symrise AG, The Lebermuth Company, Inc. and Young Living Limited.

Essential Oil Market Segmentation

The global essential oil market is segmented on the basis of product, method of extraction, application, and region.

On the basis of product, the global essential oil market can be segmented into Orange Oil, Lemon Oil, Lime Oil, Peppermint Oil, Cornmint Oil, Citronella Oil, Spearmint Oil, Geranium Oil, Clove Leaf Oil, Eucalyptus Oil, Jasmine Oil, Rosemary Oil, Tea Tree Oil, Lavender Oil and Others.

On the basis of method of extraction, the global essential oil market can be segmented into distillation, carbon dioxide extraction, cold press extraction, solvent extraction and other extraction methods.

On the basis of application, the global essential oil market can be segmented into food & beverages, cosmetics & toiletries, aromatherapy, home care, healthcare and others.

Essential Oil Market Regional Overview & Analysis

On the basis of region, the global essential oil market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Europe essential oil market is expected to be the most dominating market throughout the forecast period, accounting for the increasing number of spa and health resorts in this region. Additionally, growing awareness about its functionalities coupled with its health benefiting properties and increasing applications is also responsible for fueling the growth of this market.

MMC Overview on Essential Oil Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Essential Oil market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Essential Oil

•    Advantages of Essential Oil

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Essential Oil Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Essential Oil Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Essential Oil Market Snapshot

2.4.    Global Essential Oil Market Size and Forecast, 2019–2027

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2019–2027)

2.5.    Global Essential Oil Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Essential Oil Market, By Product

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Product

3.1.2.    BPS Analysis, By Product

3.2.    Market Revenue (US$Mn) and Volume (Kilotons) Forecast, By Product

3.2.1.    Orange Oil

3.2.2.    Lemon Oil 

3.2.3.    Lime Oil

3.2.4.    Peppermint Oil

3.2.5.    Cornmint Oil

3.2.6.    Citronella Oil

3.2.7.    Spearmint Oil

3.2.8.    Geranium Oil

3.2.9.    Clove Leaf Oil

3.2.10.    Eucalyptus Oil

3.2.11.    Jasmine Oil 

3.2.12.    Rosemary Oil 

3.2.13.    Tea Tree Oil 

3.2.14.    Lavender Oil

3.2.15.    Others

3.3.    Global Essential Oil Market Attractiveness Index, By Product

4.    Global Essential Oil Market, By Method Of Extraction

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Method Of Extraction

4.1.2.    BPS Analysis, By Method Of Extraction

4.2.    Market Revenue (US$Mn) and Volume (Kilotons)  Forecast, By Method Of Extraction

4.2.1.    Distillation

4.2.2.    Carbon Dioxide Extraction

4.2.3.    Cold Press Extraction 

4.2.4.    Solvent Extraction 

4.2.5.    Other Extraction Methods

4.3.    Global Essential Oil Market Attractiveness Index, By Method Of Extraction

5.    Global Essential Oil Market, By Application

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Application

5.1.2.    BPS Analysis, By Application

5.2.    Market Revenue (US$Mn) and Volume (Kilotons)  Forecast, By Application

5.2.1.    Food & Beverages 

5.2.2.    Cosmetics & Toiletries

5.2.3.    Aromatherapy

5.2.4.    Home Care

5.2.5.    Health Care 

5.2.6.    Others

5.3.    Global Essential Oil Market Attractiveness Index, By Application

6.    Global Essential Oil Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) and Volume (Kilotons)  Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East 

6.2.6.    Africa

6.3.    Global Essential Oil Market Attractiveness Index, By Region

7.    North America Essential Oil Market Analysis and Forecast, 2019–2027

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) and Volume (Kilotons) Forecast, By Country

7.2.1.    U.S. Essential Oil Market

7.2.2.    Canada Essential Oil Market

7.3.    North America Essential Oil Market, By Product

7.3.1.    Orange Oil

7.3.2.    Lemon Oil 

7.3.3.    Lime Oil

7.3.4.    Peppermint Oil

7.3.5.    Cornmint Oil

7.3.6.    Citronella Oil

7.3.7.    Spearmint Oil

7.3.8.    Geranium Oil

7.3.9.    Clove Leaf Oil

7.3.10.    Eucalyptus Oil

7.3.11.    Jasmine Oil 

7.3.12.    Rosemary Oil 

7.3.13.    Tea Tree Oil 

7.3.14.    Lavender Oil

7.3.15.    Others

7.4.    North America Essential Oil Market, By Method Of Extraction

7.4.1.    Distillation

7.4.2.    Carbon Dioxide Extraction

7.4.3.    Cold Press Extraction 

7.4.4.    Solvent Extraction 

7.4.5.    Other Extraction Methods

7.5.    North America Essential Oil Market, By Application

7.5.1.    Food & Beverages 

7.5.2.    Cosmetics & Toiletries

7.5.3.    Aromatherapy

7.5.4.    Home Care

7.5.5.    Health Care 

7.5.6.    Others

7.6.    North America Essential Oil Market Attractiveness Index

7.6.1.    By Country

7.6.2.    By Product

7.6.3.    By Method Of Extraction

7.6.4.    By Application

8.    Latin America Essential Oil Market Analysis and Forecast, 2019–2027

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) and Volume (Kilotons) Forecast, By Country

8.2.1.    Brazil Essential Oil Market

8.2.2.    Mexico Essential Oil Market

8.2.3.    Argentina Essential Oil Market

8.2.4.    Rest Of Latin America Essential Oil Market

8.3.    Latin America Essential Oil Market, By Product

8.3.1.    Orange Oil

8.3.2.    Lemon Oil 

8.3.3.    Lime Oil

8.3.4.    Peppermint Oil

8.3.5.    Cornmint Oil

8.3.6.    Citronella Oil

8.3.7.    Spearmint Oil

8.3.8.    Geranium Oil

8.3.9.    Clove Leaf Oil

8.3.10.    Eucalyptus Oil

8.3.11.    Jasmine Oil 

8.3.12.    Rosemary Oil 

8.3.13.    Tea Tree Oil 

8.3.14.    Lavender Oil

8.3.15.    Others

8.4.    Latin America Essential Oil Market, By Method Of Extraction

8.4.1.    Distillation

8.4.2.    Carbon Dioxide Extraction

8.4.3.    Cold Press Extraction 

8.4.4.    Solvent Extraction 

8.4.5.    Other Extraction Methods

8.5.    Latin America Essential Oil Market, By Application

8.5.1.    Food & Beverages 

8.5.2.    Cosmetics & Toiletries

8.5.3.    Aromatherapy

8.5.4.    Home Care

8.5.5.    Health Care 

8.5.6.    Others

8.6.    Latin America Essential Oil Market Attractiveness Index

8.6.1.    By Country

8.6.2.    By Product

8.6.3.    By Method Of Extraction

8.6.4.    By Application

9.    Europe Essential Oil Market Analysis and Forecast, 2019–2027

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) and Volume (Kilotons) Forecast, By Country

9.2.1.    U.K. Essential Oil Market

9.2.2.    Germany Essential Oil Market

9.2.3.    Italy Essential Oil Market

9.2.4.    France Essential Oil Market

9.2.5.    Spain Essential Oil Market

9.2.6.    Russia Essential Oil Market

9.2.7.    Poland Essential Oil Market

9.2.8.    BENELUX Essential Oil Market

9.2.9.    NORDIC Essential Oil Market

9.2.10.    Rest of Europe Essential Oil Market

9.3.    Europe Essential Oil Market, By Product

9.3.1.    Orange Oil

9.3.2.    Lemon Oil 

9.3.3.    Lime Oil

9.3.4.    Peppermint Oil

9.3.5.    Cornmint Oil

9.3.6.    Citronella Oil

9.3.7.    Spearmint Oil

9.3.8.    Geranium Oil

9.3.9.    Clove Leaf Oil

9.3.10.    Eucalyptus Oil

9.3.11.    Jasmine Oil 

9.3.12.    Rosemary Oil 

9.3.13.    Tea Tree Oil 

9.3.14.    Lavender Oil

9.3.15.    Others

9.4.    Europe Essential Oil Market, By Method Of Extraction

9.4.1.    Distillation

9.4.2.    Carbon Dioxide Extraction

9.4.3.    Cold Press Extraction 

9.4.4.    Solvent Extraction 

9.4.5.    Other Extraction Methods

9.5.    Europe Essential Oil Market, By Application

9.5.1.    Food & Beverages 

9.5.2.    Cosmetics & Toiletries

9.5.3.    Aromatherapy

9.5.4.    Home Care

9.5.5.    Health Care 

9.5.6.    Others

9.6.    Europe Essential Oil Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Product

9.6.3.    By Method Of Extraction

9.6.4.    By Application

10.    Asia Pacific Essential Oil Market Analysis and Forecast, 2019–2027

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) and Volume (Kilotons) Forecast, By Country

10.2.1.    China Essential Oil Market

10.2.2.    India Essential Oil Market

10.2.3.    Japan Essential Oil Market

10.2.4.    Australia and New Zealand Essential Oil Market

10.2.5.    South Korea Essential Oil Market

10.2.6.    ASEAN Essential Oil Market

10.2.7.    Rest Of Asia Pacific Essential Oil Market

10.3.    Asia Pacific Essential Oil Market, By Product

10.3.1.    Orange Oil

10.3.2.    Lemon Oil 

10.3.3.    Lime Oil

10.3.4.    Peppermint Oil

10.3.5.    Cornmint Oil

10.3.6.    Citronella Oil

10.3.7.    Spearmint Oil

10.3.8.    Geranium Oil

10.3.9.    Clove Leaf Oil

10.3.10.    Eucalyptus Oil

10.3.11.    Jasmine Oil 

10.3.12.    Rosemary Oil 

10.3.13.    Tea Tree Oil 

10.3.14.    Lavender Oil

10.3.15.    Others

10.4.    Asia Pacific Essential Oil Market, By Method Of Extraction

10.4.1.    Distillation

10.4.2.    Carbon Dioxide Extraction

10.4.3.    Cold Press Extraction 

10.4.4.    Solvent Extraction 

10.4.5.    Other Extraction Methods

10.5.    Asia Pacific Essential Oil Market, By Application

10.5.1.    Food & Beverages 

10.5.2.    Cosmetics & Toiletries

10.5.3.    Aromatherapy

10.5.4.    Home Care

10.5.5.    Health Care 

10.5.6.    Others

10.6.    Asia Pacific Essential Oil Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Product

10.6.3.    By Method Of Extraction

10.6.4.    By Application

11.    Middle East Essential Oil Market, By Region

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) and Volume (Kilotons) Forecast, By Country

11.2.1.    GCC Countries Essential Oil Market

11.2.2.    Israel Essential Oil Market

11.2.3.    Oman Essential Oil Market

11.2.4.    Rest Of Middle East Essential Oil Market

11.3.    Middle East Essential Oil Market, By Product

11.3.1.    Orange Oil

11.3.2.    Lemon Oil 

11.3.3.    Lime Oil

11.3.4.    Peppermint Oil

11.3.5.    Cornmint Oil

11.3.6.    Citronella Oil

11.3.7.    Spearmint Oil

11.3.8.    Geranium Oil

11.3.9.    Clove Leaf Oil

11.3.10.    Eucalyptus Oil

11.3.11.    Jasmine Oil 

11.3.12.    Rosemary Oil 

11.3.13.    Tea Tree Oil 

11.3.14.    Lavender Oil

11.3.15.    Others

11.4.    Middle East Essential Oil Market, By Method Of Extraction

11.4.1.    Distillation

11.4.2.    Carbon Dioxide Extraction

11.4.3.    Cold Press Extraction 

11.4.4.    Solvent Extraction 

11.4.5.    Other Extraction Methods

11.5.    Middle East Essential Oil Market, By Application

11.5.1.    Food & Beverages 

11.5.2.    Cosmetics & Toiletries

11.5.3.    Aromatherapy

11.5.4.    Home Care

11.5.5.    Health Care 

11.5.6.    Others

11.6.    Middle East Essential Oil Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Product

11.6.3.    By Method Of Extraction

11.6.4.    By Application

12.    Africa Essential Oil Market, By Region

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) and Volume (Kilotons) Forecast, By Country

12.2.1.    South Africa Essential Oil Market

12.2.2.    Egypt Essential Oil Market

12.2.3.    North Africa Essential Oil Market

12.2.4.    Rest Of Africa Essential Oil Market

12.3.    Africa Essential Oil Market, By Product

12.3.1.    Orange Oil

12.3.2.    Lemon Oil 

12.3.3.    Lime Oil

12.3.4.    Peppermint Oil

12.3.5.    Cornmint Oil

12.3.6.    Citronella Oil

12.3.7.    Spearmint Oil

12.3.8.    Geranium Oil

12.3.9.    Clove Leaf Oil

12.3.10.    Eucalyptus Oil

12.3.11.    Jasmine Oil 

12.3.12.    Rosemary Oil 

12.3.13.    Tea Tree Oil 

12.3.14.    Lavender Oil

12.3.15.    Others

12.4.    Africa Essential Oil Market, By Method Of Extraction

12.4.1.    Distillation

12.4.2.    Carbon Dioxide Extraction

12.4.3.    Cold Press Extraction 

12.4.4.    Solvent Extraction 

12.4.5.    Other Extraction Methods

12.5.    Africa Essential Oil Market, By Application

12.5.1.    Food & Beverages 

12.5.2.    Cosmetics & Toiletries

12.5.3.    Aromatherapy

12.5.4.    Home Care

12.5.5.    Health Care 

12.5.6.    Others

12.6.    Africa Essential Oil Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Product

12.6.3.    By Method Of Extraction

12.6.4.    By Application

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    Cargill Inc.

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Product Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Dōterra International LLC

14.3.3.    E. I. Du Pont De Nemours and Company

14.3.4.    Firmenich SA 

14.3.5.    Givaudan SA 

14.3.6.    International Flavors & Fragrances Inc. 

14.3.7.    Koninklijke DSM N.V.

14.3.8.    Sensient Technologies Corporation

14.3.9.    Symrise AG

14.3.10.    The Lebermuth Company, Inc.

14.3.11.    Young Living Limited

15.    Acronyms