Essential Oils Market Size, 2021-26, Share, Trends & Forecast

  • According to IMARC Group’s latest report, titled “Essential Oils Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global essential oils market grew at a CAGR of around 7% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.

    We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

    Essential oils are obtained from the seeds, fruits, roots, stems, wood, barks, flowers, leaves, etc., of a single plant species by steam distillation, expression, and carbon dioxide (CO2) extraction. They have specific fragrances that are widely utilized in manufacturing perfumes, soaps, shampoos, cleaning gels, etc. Essential oils also exhibit various therapeutic properties, owing to which they are added in medications for aromatherapy or used as carriers in drug delivery applications. Apart from this, they are adopted to improve the sensory properties of several agricultural items, such as food commodities and animal feeds.

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    Market Trends

    The increasing prevalence of respiratory diseases is primarily driving the demand for essential oils as they find numerous applications as decongestants, expectorants, antibacterial agents, etc., to treat cough, bronchitis, and other respiratory ailments. Moreover, essential oils are also gaining popularity as natural flavoring agents in food products, such as confections, candies, pickles, soft drinks, etc., which is further augmenting the global market. In addition to this, the growing product application as odorants in paints and detergents and in the synthesis of repellents, chemical preservatives, edible film coatings, etc., is acting as another growth-inducing factor. Furthermore, the rising adoption of essential oils to increase shelf life and promote safety of food products, including dairy products, seafood, cereal-based items, etc., is anticipated to catalyze the global market over the forecasted period.

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    List of Key Companies Covered in this Market Report:

    • Biolandes
    • doTerra
    • Essential Oils of New Zealand Ltd.
    • Falcon Essential Oils
    • Farotti S.R.L.
    • FLAVEX Naturextrakte GmbH
    • Reynaud & Fils
    • India Essential Oils
    • Moksha Lifestyle Products
    • Rocky Mountain Oils LLC
    • Sydney Essential Oil Co. (SEOC)
    • The Lebermuth Company
    • Ungerer Limited
    • Young Living Essential Oils.

    The report has segmented the market on the basis of product, application, sale channel and geography.

    Breakup by Product:

    • Cedarwood Oil
    • Eucalyptus Oil
    • Lavender Oil
    • Lemongrass Oil
    • Rosemary Oil
    • Tea Tree Oil
    • Ylang Ylang Oil
    • Others

    Breakup by Application:

    • Medical
      • Pharmaceutical
      • Nutraceuticals
    • Food and Beverages
      • Bakery and Confectionery
      • Beverages
      • Meat, Poultry and Seafood
      • Others
    • Spa and Relaxation
      • Aromatherapy
      • Personal Care
      • Cosmetics
      • Toiletries
      • Others
    • Cleaning and Home
      • Kitchen Cleaners
      • Floor Cleaners
      • Bathroom Cleaner
      • Others
    • Others

    Breakup by Sales Channel:

    • Offline Stores
    • Online Stores

    Breakup by Geography:

    • North America (U.S. & Canada)
    • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
    • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
    • Latin America (Brazil, Mexico)
    • Middle East & Africa

    Key highlights of the report:

    • Market Performance (2015-2020)
    • Market Outlook (2021- 2026)
    • Porter’s Five Forces Analysis
    • Market Drivers and Success Factors
    • SWOT Analysis
    • Value Chain
    • Comprehensive Mapping of the Competitive Landscape

    If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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