Essential Oil Market - Growth, Trends, Covid-19 Impact, And Forecasts

The Essential Oil Market size is projected to reach USD 16.25 Billion units by 2027 from an estimated USD 8.50 Billion units in 2019, growing at a CAGR of 9.12% globally.

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.

Essential Oil Market report covers a detailed analysis of current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.

IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.

The Major Players In The Essential Oil Market Include:

Cargill Incorporated, Givaudan S.A., Rocky Mountain Oils LLC., Indian Essential Oils, Ungerer Ltd., DowDuPont, Koninklijke DSM N.V. , Young Living Essential Oils, Sensient Technologies Corporation, Mane, dôTERRA, ROBERTET S.A., Falcon, Farroti, H. REYNAUD & FILS, Eden’s Garden, Essential Oils of New Zealand Ltd

Market has segmented the global Essential Oil market on the basis of type, application, and region:

The Essential Oil market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type:

 Jasmine Oil, Tea Oil, Lemon Oil, Sandalwood Oil, Chamomile Oil, Ylang-ylang Oil, Rose Oil, Bergamot Oil, Peppermint Oil, Clove Oil, Coriander Oil, Citronella Oil, Eucalyptus Oil, Mandarin Oil, Others.

 By Application:

 Food and Beverages, Cosmetics and Personal Care, Home Care, Health Care, Pharmaceuticals and Others

 By Regional Outlook (Revenue, USD Billion, 2017 – 2028)

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Essential Oil Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe. 

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, Essential Oil Market Trends, estimations, and dynamics of the essential oil market analysis from 2020 to 2030 to identify the prevailing Essential Oil Market Opportunity
• The market research is offered along with information related to key drivers, Essential Oil Market demand restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the essential oil market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global essential oil market trends, key players, market segments, application areas, and Essential Oil Market Growth strategies.