The essential oils market is projected to reach USD 14.9 billion by 2025 at a CAGR of 15.7% from 2019. Various herbs and plants such as orange, eucalyptus, corn mint, peppermint, spearmint, geranium, citronella, lime, lemon, and clove leaf are the sources of essential oils. The various methods to extract essential oils include carbon dioxide extraction, cold press extraction, solvent extraction, and steam and water distillation. The increasing demand for medical and aromatherapy is the primary driver of the essential oils market. Many cosmetics, home care products, and food & beverages require the use of essential oils as flavoring agents; they also have a role to play in the growing research & development activities. However, the side effects associated with certain essential oils are restraining the growth of this market.
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The orange oil segment is projected to lead the essential oils market, by type, during the forecast period
Orange belongs to the Rutaceae family and is an important source of orange oil. The cold press extraction method is used to extract orange oil. Orange oil acts as an antispasmodic, sedative, aphrodisiac, anti-inflammatory, and antiseptic. The awareness about the benefits of orange oil is projected to increase its demand from different end-user applications such as food & beverages, aromatherapy, and healthcare.
Europe to lead the market, in terms of value, during the forecast period
The global essential oils market is divided into four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). The market for essential oils in the European region is estimated to account for the largest share in 2019. Germany is one of the major markets for essential oil products in Europe. It is the third-largest importer & exporter of essential oils, globally. Also, due to its regulatory environment, the region remains one of the important markets for companies that produce essential oils. The major companies operating in Europe include Robertet SA (France), Mane (France), and NHR Organic Oils (UK).
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Key players are as follows:
The key players dominating the essential oils market include Cargill (US), E.I. du Pont de Nemours and Company (US), Koninklijke Dsm N.V. (Netherlands), and dōTERRA International LLC. (US). The other players in the industry include Young Living Essential Oils (US), Sensient Technologies Corporation (US), Symrise (Germany), and Mane (France).
Research Coverage
The essential oils market, by type, is segmented into orange oil, lemon oil, lime oil, peppermint oil, corn mint oil, citronella oil, spearmint oil, geranium oil, clove leaf oil, eucalyptus oil, jasmine oil, tea tree oil, rosemary oil, lavender oil, and others. By application, the market is segmented into food & beverages, cosmetics & toiletries, aromatherapy, home care, healthcare, and others. The major methods of extraction considered in this study are distillation, carbon dioxide extraction, cold press extraction, solvent extraction, and others. Based on region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
