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Essential Oils Market Poised for Robust Growth, Forecasted to Expand at 8.8% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Essential Oils Market is estimated to grow at a CAGR of around 8.8% during the forecast period, i.e., 2024-30.
Report Coverage
This report offers a comprehensive analysis of the Essential Oils Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Essential Oils Market Overview
The rising consumer beliefs on the healing benefits of essential oils without any side effects, coupled with their mounting utilization across different end-user verticals like personal care & cosmetics, healthcare, etc., are the key aspects promoting growth. The global production & consumption of essential oils are continually surging, and they are being adopted obsessively for household, commercial, and industrial applications. As more and more people are increasingly focusing on their health & well-being, and aromatherapy is being perceived positively on a larger scale, thus essential oil sales are skyrocketing.
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Essential Oils Market Segmentation Outlook
The Essential Oils is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Type
- Citrus
- Tea Tree
- Lavender
- Eucalyptus
- Rosemary
- Others (Chamomile, Peppermint, etc.)
By Application
- Aromatherapy
- Food & Beverages
- Healthcare
- Personal Care & Cosmetics
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Essential Oils Market Driver
Rising Aromatherapy Practices & Growing Usage of Essential Oils in Food & Beverages to Thrive the Market – Nowadays, consumers have been showing a heightened focus on health & personal care, leading to a surge in visits to spa and relaxation centers for aromatherapy sessions utilizing essential oils. This trend is further amplified by the flourishing tourism and hospitality industries, contributing significantly to driving the Global Essential Oil Market growth.
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Top Essential Oils Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Aura Cacia, doTERRA, DuPont, Givaudan, NOW Essential Oils, Plant Therapy, Rocky Mountain Oils, LLC, Sydney Essential Oil Co., The Lebermuth Company, and Young Living and Others as key players shaping the market landscape.
Essential Oils Market News
- 2023: Aura Cacia, a prominent brand specializing in sustainably obtained essential oils, aromatherapy, and botanical items, has introduced its latest Air Care collection. This range includes blends of essential oils, room sprays, and toilet sprays, all crafted with 100% pure essential oils & without artificial fragrances.
- 2022: doTERRA introduced new natural & sustainably sourced essential oils. Eucalyptus essential oil and guaiac wood essential oil are among the new essential oils.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
Need tailored data? We offer customized forecasts by region, product segmentation, and competitive intelligence upon request — now with an exclusive special pricing offer – Customized Link
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