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
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
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%.
What are the key factors driving the growth of market?
Increasing aromatherapy and rising consumer attraction towards natural ingredient, changing lifestyles, application of these oils in the pharmaceutical industry and increasing personalized toiletries are the key factors driving the growth of market
What segments are covered in market report?
The global essential oil market is segmented on the basis of product, method of extraction, application, and region.
What are the key participating players in the market?
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 are the key participating players in the market
