Essential Oils Market Size, Share, Forecast, & Trends Analysis by Source (Citrus, Lavender, Tea Tree), Type (Organic), Extraction Method, Application (Food & Beverage, Aromatherapy), Distribution Channel (Direct Selling)

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Essential Oils Market Size, Share, Forecast, & Trends Analysis by Source (Citrus {Orange}, Lavender, Tea Tree), Type (Organic), Extraction Method, Application (Food & Beverage, Aromatherapy), Distribution Channel (Direct Selling)-Global Forecast to 2031

According to a new market research report titled 'Essential Oils Market Size, Share, Forecast, & Trends Analysis by Source (Citrus {Orange}, Lavender, Tea Tree), Type (Organic), Extraction Method, Application (Food & Beverage, Aromatherapy), Distribution Channel (Direct Selling)-Global Forecast to 2031' by Meticulous Research(R), the essential oils market is projected to reach $24.80 billion by 2031, at a CAGR of 8.8% from 2024 to 2031. The report provides an in-depth analysis of the essential oils market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.

The growth of the essential oils market is primarily driven by the increasing consumer preference for natural and organic products, the growing demand for essential oils from the aromatherapy industry, the rising awareness about the health benefits of essential oils, and the increasing concerns regarding the use of synthetic ingredients. However, the limited availability of raw materials and potential side effects or allergic reactions associated with certain essential oils may restrain market growth.

Moreover, the increasing demand for essential oils in the personal care and cosmetics industry and emerging countries are expected to create market growth opportunities. On the other hand, the proliferation of counterfeit products poses a significant challenge to the market's growth. Additionally, the adoption of sustainable production practices is a prominent trend in the essential oils market.

Key Players

The key players operating in the essential oils market are doTERRA International, LLC (U.S.), ROBERTET SA (France), The Lebermuth Company, Inc. (U.S.), Young Living Essential Oils LC. (U.S.), Biolandes SAS (France), Phoenix Aromas & Essential Oils, LLC (U.S.), Sensient Technologies Corporation (U.S.), Givaudan SA (Switzerland), International Flavors & Fragrances Inc. (U.S.), DSM-Firmenich AG (Switzerland), Symrise AG (Germany), Essential Oils of New Zealand Ltd (New Zealand), Sydney Essential Oil Co. (Australia), Farotti S. R. L. (Italy), Down Under Enterprises Pty. Ltd. (Australia), and Aromaaz International Private Limited (India).

Based on type, the essential oils market is segmented into non-organic essential oils and organic essential oils. The organic essential oils segment is projected to register a higher CAGR during the forecast period of 2024-2031. The growth of this segment is mainly attributed to the growing number of health-conscious consumers, rising disposable incomes, rising interest in organic products and sustainability, and growing consumer demand for clean-label beauty products.

Based on the extraction method, the essential oils market is segmented into distillation, cold press extraction, carbon dioxide extraction, and other extraction methods. In 2024, the distillation segment is expected to account for the largest share of the essential oils market. The large market share of this segment is mainly attributed to its efficiency, versatility, scalability, and ability to produce high-quality essential oils. Furthermore, steam distillation is the most popular, economical, and highly efficient in extracting essential oils from various plant materials, such as flowers, leaves, and spices.

Based on application, the essential oils market is segmented into food & beverage, personal care & cosmetics, aromatherapy, pharmaceuticals, home care, and other applications. In 2024, the food & beverage segment is expected to account for the largest share of the essential oils market. The large market share of this segment can be attributed to several factors: the increasing consumer preference for natural ingredients, the rising popularity of plant-based and clean-label products, and the wide range of applications for essential oils. Moreover, essential oils are valued for their potential health benefits due to their antimicrobial, antioxidant, and anti-inflammatory properties.

However, the personal care & cosmetics segment market is expected to witness rapid growth during the forecast period. The growth of this segment can be attributed to the increasing consumer awareness about the importance of maintaining a healthy lifestyle, the rising demand for perfumery, and the growing popularity of clean-label beauty products. Furthermore, essential oils are renowned for their natural healing properties and therapeutic effects on various skin concerns, leading to a surge in demand for these oils in skincare products.

Based on distribution channel, the essential oils market is segmented into direct selling and other distribution channels. In 2024, the direct selling segment is expected to account for the larger share of the essential oils market. The large market share can be attributed to the benefits provided by direct selling, including personalized customer experiences and the capability to offer tailored product recommendations.

Based on geography, the essential oils market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of 41.7% of the essential oils market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. Europe's large market share is mainly attributed to the high disposable incomes, high consumer awareness about the benefits of essential oils, increasing demand for natural and organic products, growing product innovations, and rising demand for personal care and cosmetic products in France and Germany.

Key Questions Answered in the Report:

What are the historical market sizes and growth rates of the essential oils market?
At what rate is the demand for essential oils projected to grow over the next 5-7 years?
What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
Which segments, in terms of source, type, extraction method, application, and distribution channel, are expected to create traction for the manufacturers in this market during the forecast period 2024-2031?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the essential oils market during the forecast period 2024-2031?
Who are the major players in the essential oils market? What are their product offerings in this market?
What are the recent strategic developments in the essential oils market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Essential Oils Market Assessment-by Source

Citrus
- Orange
- Lemon
- Other Citrus-based Sources
Lavender
Geranium
Cornmint
Tea Tree
Eucalyptus
Clove
Citronella
Spearmint
Lemongrass
Peppermint
Rosemary
Cedarwood
Other Sources

Essential Oils Market Assessment-by Type

Non-organic Essential Oils
Organic Essential Oils

Essential Oils Market Assessment-by Extraction Method

Distillation
Cold Press Extraction
Carbon Dioxide Extraction
Other Extraction Methods

Essential Oils Market Assessment-by Application

Food & Beverage
- Bakery
- Confectionery
- Dairy
- Beverages
- Other Food & Beverages
Personal Care & Cosmetics
- Cosmetics
- Toiletries
- Fragrances
Aromatherapy
Home Care
Pharmaceuticals
Other Applications

Essential Oils Market Assessment-by Distribution Channel

Direct Selling
Other Distribution Channels

Essential Oils Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Netherlands
- Poland
- Belgium
- Austria
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- United Arab Emirates
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa

Product Code: MRFB - 1041212

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segmental Analysis
- 3.2.1. Essential Oils Market Analysis: by Source
- 3.2.2. Essential Oils Market Analysis: by Type
- 3.2.3. Essential Oils Market Analysis: by Extraction Method
- 3.2.4. Essential Oils Market Analysis: by Application
- 3.2.5. Essential Oils Market Analysis: by Distribution Channel
3.3. Regional Analysis
3.4. Market Competitors & Competitive Landscape

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Increasing Consumer Preference for Natural and Organic Products
- 4.2.2. Growing Demand for Essential Oils from the Aromatherapy Industry
- 4.2.3. Rising Awareness About the Health Benefits of Essential Oils
- 4.2.4. Increasing Concerns Regarding the Use of Synthetic Ingredients
4.3. Restraints
- 4.3.1. Limited Availability of Raw Materials
- 4.3.2 Potential Side Effects or Allergic Reactions Associated with Certain Essential Oils
4.4. Opportunities
- 4.4.1. Increasing Demand for Essential Oils in the Personal Care and Cosmetics Industry
- 4.4.2. Emerging Countries
4.5. Key Trends
- 4.5.1. Adoption of Sustainable Production Practices
4.6. Challenges
- 4.6.1. Proliferation of Counterfeit Products
4.7. Porter's Five Forces Analysis
- 4.7.1. Bargaining Power of Suppliers
- 4.7.2. Bargaining Power of Buyers
- 4.7.3. Threat of Substitutes
- 4.7.4. Threat of New Entrants
- 4.7.5. Degree of Competition
4.8. Pricing Analysis

5. Essential Oils Market Assessment-by Source

5.1. Overview
5.2. Citrus
- 5.2.1. Orange
- 5.2.2. Lemon
- 5.2.3. Other Citrus-based Sources
5.3. Lavender
5.4. Geranium
5.5. Cornmint
5.6. Tea Tree
5.7. Eucalyptus
5.8. Clove
5.9. Citronella
5.10. Spearmint
5.11. Lemongrass
5.12. Peppermint
5.13. Rosemary
5.14. Cedarwood
5.15. Other Sources

6. Essential Oils Market Assessment-by Type

6.1. Overview
6.2. Non-organic Essential Oils
6.3. Organic Essential Oils

7. Essential Oils Market Assessment-by Extraction Method

7.1. Overview
7.2. Distillation
7.3. Cold Press Extraction
7.4. Carbon Dioxide Extraction
7.5. Other Extraction Methods

8. Essential Oils Market Assessment-by Application

8.1. Overview
8.2. Food & Beverage
- 8.2.1. Bakery
- 8.2.2. Confectionery
- 8.2.3. Dairy
- 8.2.4. Beverages
- 8.2.5. Other Food & Beverages
8.3. Personal Care & Cosmetics
- 8.3.1. Cosmetics
- 8.3.2. Toiletries
- 8.3.3. Fragrances
8.4. Aromatherapy
8.5. Home Care
8.6. Pharmaceuticals
8.7. Other Applications

9. Essential Oils Market Assessment-by Distribution Channel

9.1. Overview
9.2. Direct Selling
9.3. Other Distribution Channels

10. Essential Oils Market Assessment-by Geography

10.1. Overview
10.2. North America
- 10.2.1. U.S.
- 10.2.2. Canada
10.3. Europe
- 10.3.1. Germany
- 10.3.2. France
- 10.3.3. U.K.
- 10.3.4. Italy
- 10.3.5. Spain
- 10.3.6. Netherlands
- 10.3.7. Poland
- 10.3.8. Belgium
- 10.3.9. Austria
- 10.3.10. Rest of Europe
10.4. Asia-Pacific
- 10.4.1. China
- 10.4.2. India
- 10.4.3. Japan
- 10.4.4. Australia
- 10.4.5. South Korea
- 10.4.6. Thailand
- 10.4.7. Rest of Asia-Pacific
10.5. Latin America
- 10.5.1. Brazil
- 10.5.2. Mexico
- 10.5.3. Argentina
- 10.5.4. Rest of Latin America
10.6. Middle East & Africa
- 10.6.1. United Arab Emirates
- 10.6.2. South Africa
- 10.6.3. Saudi Arabia
- 10.6.4. Rest of Middle East & Africa

11. Competition Analysis

11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
- 11.4.1. Industry Leaders
- 11.4.2. Market Differentiators
- 11.4.3. Vanguards
- 11.4.4. Emerging Companies

12. Company Profiles

12.1. doTERRA International, LLC
12.2. ROBERTET SA
12.3. The Lebermuth Company, Inc.
12.4. Young Living Essential Oils LC.
12.5. Biolandes SAS
12.6. Phoenix Aromas & Essential Oils, LLC
12.7. Sensient Technologies Corporation
12.8. Givaudan SA
12.9. International Flavors & Fragrances Inc.
12.10. Sydney Essential Oil Co.
12.11. Farotti S. R. L.
12.12. DSM-Firmenich AG
12.13. Symrise AG
12.14. Down Under Enterprises Pty. Ltd.
12.15. Essential Oils of New Zealand Ltd
12.16. Aromaaz International Private Limited

(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)

13. Appendix

13.1. Available Customization
13.2. Related Reports