Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Essential Oils Market

Essential Oils Market Size By Product (Orange Oil, Lemon Oil, Eucalyptus Oil, Clove Oil, Peppermint Oil, Jasmine Oil, Rosemary Oil, Corn Mint Oil, Citronella Oil, Geranium Oil, Spearmint Oil, Lavender Oil, Tea Tree Oil), Application & Forecast 2023 - 2032

  • Report ID: GMI2391
  • Published Date: Mar 2023
  • Report Format: PDF

Essential Oils Market Size

Essential Oils Market size crossed USD 10.5 billion in 2022 and is anticipated to exhibit over 9% CAGR between 2023 and 2032, as a result of the growing incidence of eczema and other skin conditions.

Essential Oils Market

Essential oils are deemed effective in improving health and wellness since the practice of using these oils in aromatherapy can help treat skin conditions including rashes, acne, and even burn. The number of individuals who develop eczema during their lifetime has risen, with the prevalence rate peaking in early childhood. Factors such as these will escalate the use of essential oils for skin treatment. Additionally, people are opting for aromatherapy and conventional therapeutics for chronic pain management.

Due to their therapeutic properties, essential oils are also utilized in stress reduction and fungal infection treatments, creating lucrative growth opportunities for manufacturers. However, the product is volatile and environmental heat can cause citral, high monoterpenes, citronellal and other volatile compounds to evaporate quickly. These factors, alongside the requirement for proper storage conditions and the instances of irritation and allergic reactions among users, may hinder the industry outlook.

Essential Oils Market Analysis

Essential Oil Market Size By Product

The essential oils market size from the lemon oil segment is anticipated to be worth USD 4 billion by 2032, owing to its emergence as a versatile aromatherapy botanical. Lemon oil is known to provide a range of benefits such as skin-soothing properties and mood-boosting scent. Moreover, studies have revealed its effectiveness in warding off harmful bacteria including Staphylococcus aureus. In addition, its robust application scope in foods & beverages and pharmaceuticals for flavoring will further proliferate lemon oil demand.

Essential Oils Market Share

Global Essential Oil Market Revenue Share, By Application


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of essential oils reached USD 10.5 billion in 2022 and is set to witness over 9% CAGR during 2023 to 2032, as a result of the growing incidence of eczema and other skin conditions.

The foods and beverages application segment is anticipated to grow at 11% CAGR through 2032, considering the product’s ability to protect food against harmful microorganisms.

The industry size for essential oils in Europe will surpass USD 9 billion by 2032, given the growth trajectory of the cosmeceutical sector.

Key players functioning in the market include Multiflora, Synthite, Lebermuth Company, Flacon Essential Oil, Frutarom Industries Ltd., doTERRA, Biolandes SA, Flavex Naturextrakte, and Firmenich International SA.

Essential Oils Market Scope

Buy Now

Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 269
  • Countries covered: 21
  • Pages: 275
 Download Free Sample