Essential Oils Market Size By Application (Orange oil, Lemon oil, Eucalyptus oil, Clove oil, Peppermint oil, Jasmine oil, Rosemary oil, Cornmint oil, Citronella oil, Geranium, Spearmint oil, Lavender oil, Tea tree oil and others), By Application (Food & beverage, Aromatherapy, Cosmetics & Toiletries, Pharmaceuticals, Cleaning & Home care, Animal Feed, Fragrances and Others) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Oct 2019  |  Report ID: GMI2391  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 280   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Widespread application development to promote essential oil demand

Essential Oils Market size exceeded USD 7.51 billion, globally in 2018 and is estimated to grow at over 9.0% CAGR between 2019 and 2026.
 

Essential Oils Market

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Essential oils are the concentrated extracts from parts of plants including leaves, herbs, and barks. These are volatile, aromatic essences of plants and has flavoring attributes which makes them extremely beneficial in food & beverage, cosmetics, home care & cleaning, aromatherapy, and fragrance applications. Manufacturers adopt steam distillation technology and waste materials as a source of product production. For instance, citrus peels obtained as a waste material from the juice industry undergoes cold squeezing, crushing of the external peel and subsequently decanting to isolate plant material and obtain fluid.
 

Essential oils are used in manufacture of beautifying agents, soaps, shampoos and cleaning gels has expanded enormously at a global scale. Availability of varied product range along with change in lifestyle has aided is healthy improvements from vital diseases. Development of aromatherapy has advanced the product use as a potential therapeutic agent, including massage, inhalations and bath using these volatile oils. Growing awareness about the benefits of aromatherapy due to changing people interest in natural care and back-to-nature will provide momentum to the development of natural/organic ingredients with healing abilities.
 

The global essential oils market size of cosmetic ingredients amounted over at USD 8.0 billion in 2018. Demand for natural ingredients in food products owing to developing concerns towards health & wellness has surged the demand for nutritional additives in food items.
 

Growing trend of clean labelling is a key contributor to the growth of overall industry size due to rise in consumer concern for simple and less synthetic ingredients on product labels. Clean labels do not reflect unhealthy ingredients including chemical formulas of synthetic ingredients. This trend is poised to stimulate manufacturers to adopt use of essential oils as an alternative to synthetic ingredients. Industry giants such as DSM and BASF have started more and more product additions to their cosmetic clean label cosmetic ingredient product portfolio.
 

Essential Oils Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 7.51 Billion
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 9.5% 2026 Value Projection: 15.54 Billion (USD)
Pages: 280 Tables, Charts & Figures: 236
Geographies covered (21): U.S., Canada, Mexico, Germany, UK, Italy, France, Spain, Russia, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, UAE, South Africa
Segments covered: Product, and Application
Companies covered (15): DoTerra, Symrise, Young Living, Firmnich, Frutarom, Bio Landes, Flacon, International Flavours & Fragrances Inc. (IFF), BO International, Vögele Ingredients, Flavex Naturextrakte, Leburmuth Company, Moksha Lifestyle, Florihana, Rock Mountain Oils
Growth Drivers:
  • North America: Expanding aromatherapy market which is likely to have positive influence on essential oil demand
  • Europe: Growing cosmetics manufacturing owing to rise in exports is likely to promote essential oil application in this sector
  • Asia Pacific: Growing health sector in the region leading to increasing usage of new ingredients in medicines which may favor essential oil
Pitfalls & Challenges:
  • Health problems caused by essential oils
  • Specified storage and transportation condition leading to procurement issues and additional cost

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Significant growth in citrus oils extraction to augment essential oils demand

Essential oil study has been segmented into product as orange oil, lemon oil, eucalyptus oil, clove oil, peppermint oil, jasmine oil, rosemary oil, cornmint oil, citronella oil, geranium, spearmint oil, lavender oil and tea tree oil. Orange oil garnered maximum revenue since product offer multiple health remedies such as skin elasticity, firmness and treat acne, scars, and stretch marks. Lemon and orange oils has antiseptic properties which makes it an ideal ingredient in skin and hair care. Also, antimicrobial and anti-fungal properties of the product have opened new avenues for overall business growth.
 

Growth in food and beverage sector will create lucrative opportunities for industry participants to enhance their sales. D-limonene is a key constituent of orange oil which gives it a sweet and tangy essence, favorable for flavoring and coloring in fruit jams, bakery products, and Curacao-type liqueurs. The product also contains purifying properties and is being used as additions to smoothies, salad dressings, aroma drinks, soups, sauces, and porridges.
 

Robust consumption in the food and beverage sector to drive essential oils market

Food & Beverage Application Market, 2015 - 2026 (USD Million)
Food & Beverage Application Market, 2015 - 2026 (USD Million)

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Application segment of essential oils market includes food & beverage, cosmetics & toiletries, pharmaceuticals, aromatherapy, cleaning & home care, animal feed, fragrances and others. Clove, cinnamon, orange, lemon, peppermint, pepper oil is extensively utilized in food sector for cooking and seasoning purposes. Additionally, these are good source of bioactive compounds with its antioxidative and antimicrobial properties drives its use as a flavor additive and prevents spoilage of food. Eos are used as an alternative preservative and pathogen control method and forms edible films in packed food items.
 

Plant based oils witness wide array of applications in cake frostings, chocolates and confectionery products with leading companies exerting significant efforts to feature these as green ingredients. Stringent regulations by FDA regarding approval of the said product in food industry to stimulate product growth in the foreseeable timeframe. Increasing product use for shelf life enhancement due to rising consumer awareness about natural preservatives will encourage industry growth.
 

Trend towards natural cosmetics to support essential oils demand in Europe

France Essential Oils Market Outlook, 2018 (USD Million)
France Essential Oils Market Outlook, 2018 (USD Million)

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France essential oils market is anticipated to witness growth at over 8.0% CAGR from 2019 to 2026. France tails Germany in the import of peppermint and citrus oils, with majority of consumption lies in the food and beverage industry. European government active healthcare programs to enhance consumer knowledge about ongoing research and innovations in production of therapeutic drugs is expected to maintain regional market share even during the coming years.
 

In Europe, there is strong public perception that natural ingredients are safer than existing synthetic alternatives, leading to a trend which supplemented the market of natural cosmetics. This has urged European producers to innovate cosmetic products with maximum content of essential oils, thereby retaining its sensory and color attributes. Supportive import and trade policies and changing lifestyle patterns in the region has led to consumer shift towards adoption of natural skin care products.
 

Excessive R&D and product innovation to remain key growth strategies

Some of the major players operating in the essential oils market are DoTerra, Symrise, Young Living, Firmnich, Frutarom, Bio Landes, Flacon.
 

Key players operating in the market are adopting strategies such as collaborations and acquisitions, product innovations and partnerships, to enhance their existing offerings and target a wider customer base and strengthen its market position. In July 2019, Young Living (leader in global market) in collaboration with D. Gary Young Research Institute announced partnership with International Space Station (ISS) and NASA. Through this partnership, entities will provide these oils and plant seeds to ISS to study chances of solar radiation in essential oil products. For one month the samples will be exposed to solar radiation and then analyzed with the identical ones left on Earth.
 

The essential oils market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Product

  • Orange oil
  • Lemon oil
  • Eucalyptus oil
  • Clove oil
  • Peppermint oil
  • Jasmine oil
  • Rosemary oil
  • Cornmint oil
  • Citronella oil
  • Geranium
  • Spearmint oil
  • Lavender oil
  • Tea tree oil
  • Others

By Application

  • Food & beverage
  • Aromatherapy
  • Cosmetics & Toiletries
  • Pharmaceuticals
  • Cleaning & home care
  • Animal Feed
  • Fragrances
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Russia
    • Spain
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
    • Australia
  • LATAM
    • Brazil
  • MEA
    • Saudi Arabia
    • South Africa
    • UAE

 

Frequently Asked Questions (FAQ) :

Essential oil is the concentrated extracts from parts of plants including leaves, herbs and barks.
Global market for essential oils is set to achieve over 9.5% CAGR up to 2026, according to a new report published by Global Market Insights, Inc.
DoTerra, Symrise, Young Living, Firmnich, Frutarom, Bio Landes and Flacon are the major players operating in the worldwide industry for essential oils.

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