Home > Food, Nutrition & Animal Feed > 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

Industry Drivers

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

To get more details on this report: Request Free Sample PDF

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.

Lemon essential oils gain ground as a versatile aromatherapy botanical with skin-soothing benefits

Essential Oil Market Size By Product

To get more details on this report: Request Free Sample PDF

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.

Antimicrobial properties & other benefits will stimulate the use of essential oils in foods & beverages

Global Essential Oil Market Revenue Share, By Application

To get more details on this report: Request Free Sample PDF


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.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 269
  • Countries covered: 21
  • Pages: 275
Inquiry Before Buying

Budget constraints? Get in touch with us for special pricing

Request Discount