• The global industry was valued at US$ 16.3 Bn in 2022
• It is estimated to grow at a CAGR of 7.6% from 2023 to 2031 and reach US$ 31.3 Bn by the end of 2031

Market Introduction

Attribute	Detail
Drivers	Growth in Aromatherapy Applications Surge in Demand for Essential Oils from Cosmetics and Fragrance Industries

Regional Outlook of Essential Oils Industry

Attribute	Detail
Leading Region	Europe

Essential Oils Market Snapshot

Attribute	Detail
Market Size Value in 2022	US$ 16.3 Bn
Market Forecast Value in 2031	US$ 31.3 Bn
Growth Rate (CAGR)	7.6%
Forecast Period	2023-2031
Historical Data Available for	2021
Quantitative Units	US$ Bn for Value & Kilo Tons for Volume
Market Analysis	It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, market opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.
Competition Landscape	Market share analysis by company (2022) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format	Electronic (PDF) + Excel
Market Segmentation	Product Citrus Oil Eucalyptus Oil Clove Oil Peppermint Oil Basil Oil Cornmint Oil Spearmint Oil Tea Tree Oil Others Application Food & Beverages Pharmaceuticals Cosmetics & Toiletries Aromatherapy Homecare Products Fragrances Others
Regions Covered	North America Latin America Europe Asia Pacific Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Spain Italy Russia and CIS Japan China India ASEAN Brazil Mexico GCC South Africa
Companies Profiled	Givaudan SA Young Living Essential Oils Biolandes SAS Robertet SA Sensient Essential Oils Essential Oils of New Zealand doTerra Veda Oils AG Industries Bo International Others
Customization Scope	Available upon request
Pricing	Available upon request

The Essential Oils Market Report is Segmented by Product Type (Orange Oil, Cornmint Oil, and More), Source (Fruits and Vegetables, Herbs and Spices, and Flower), Nature (Organic/Certified Organic and Conventional), Application (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, and More), and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

Tangerine Essential Oil Market valued at $72.01 Million in 2023, and is projected to $USD 116.6 Million by 2032, at a CAGR of 5.5% from 2023 to 2032.

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Essential Oil Market Size 2024-2028

The essential oil market size is forecast to increase by USD 10.30 billion, at a CAGR of 11.43% between 2023 and 2028.

The market is driven by the growing awareness and recognition of the numerous health benefits associated with these natural extracts. Essential oils are increasingly being used in various applications, including aromatherapy, cosmetics, and food industries, due to their therapeutic properties. A key trend in the market is the innovation in diffusion and delivery methods, enabling consumers to experience essential oils in new and convenient ways. The market encompasses a wide range of essential oils, including but not limited to lavender, peppermint, tea tree, eucalyptus, lemon, rosemary, chamomile, bergamot, ylang ylang, frankincense, geranium, clary sage, patchouli, sandalwood, citronella, clove, basil, cinnamon, oregano, lemongrass, juniper berry, grapefruit, orange, jasmine, thyme, rose, neroli, cedarwood, and fennel oils. However, this market faces challenges as well. The rising prevalence of counterfeit essential oils poses a significant threat, as these products may contain impurities or even harmful substances. Companies must ensure the authenticity and quality of their essential oils to maintain consumer trust and loyalty.
To capitalize on market opportunities and navigate challenges effectively, businesses should focus on research and development, supply chain transparency, and consumer education. By staying abreast of emerging trends and addressing market challenges proactively, players in the market can position themselves for long-term success.

What will be the Size of the Essential Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the expanding applications across various sectors. Botanical ingredients are at the core of this industry, with digestive support and emotional well-being being significant areas of focus. Usage instructions and allergen-free oils are essential for ensuring safety and product differentiation. Natural perfumery, inhalation therapy, and skincare applications are key areas where essential oils find extensive usage. Batch testing and international standards ensure product quality and regulatory compliance. Pregnant women and those experiencing pain relief are among the target audiences for these natural remedies. Plant-based fragrances, vegan oils, and cruelty-free options cater to diverse consumer preferences.

Solvent extraction and steam distillation are common methods for essential oil extraction, while sustainable sourcing and organic certification add to the market's appeal. Product liability, safety precautions, and intellectual property are crucial aspects of the market. Essential oils offer respiratory support, circulatory benefits, and even cognitive function enhancement. Therapeutic grade oils and topical application find extensive use in massage therapy and stress relief. Marketing strategies, pricing, and customer loyalty are essential for businesses in this dynamic market. Essential oils provide antimicrobial, anti-inflammatory, and antioxidant properties, making them valuable in various industries. Brands prioritize quality control, aromatherapy diffusers, and clear labeling for consumer trust.

The market's continuous evolution reflects the ongoing unfolding of market activities and evolving patterns. Essential oils' versatility and potential health benefits make them a popular choice for individuals seeking natural alternatives.

How is this Essential Oil Industry segmented?

The essential oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Food and beverages
  Recreation
  Perfumes and others


Distribution Channel

  Online
  Offline


Geography

  North America

    US
    Canada


  Europe

    Germany
    The Netherlands


  APAC

    Japan
    India
    China
    South Korea


  South America

    Brazil
    Argentina


  Middle East and Africa

    UAE


  Rest of World (ROW)

By Application Insights

The food and beverages segment is estimated to witness significant growth during the forecast period.

Essential oils have gained significant popularity in various industries due to their natural benefits and versatile uses. In the product packaging sector, these oils are utilized for their aromatic properties to enhance consumer experience. For respiratory support, essential oils like eucalyptus and tea tree are incorporated into inhalation therapy products. Labeling of essential oils is crucial for product liability reasons, e

According to Cognitive Market Research, the global Essential Oils market size will be USD 24514.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9805.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7354.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5638.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1225.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 490.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The aromatherapy category is the fastest growing segment of the Essential Oils industry

Market Dynamics of Essential Oils Market

Key Drivers for Essential Oils Market

The Aromatherapy Sector Has Generally Shown Increase to Boost Market Growth

Global demand for aromatherapy is increasing, and this growth is ascribed to the developing hospitality industry as well as consumer preferences for high-end fragrances and natural aromatherapy products. The demand for essential oils has surged as a result. Globally, sedentary lifestyles have led to higher levels of stress and anxiety. The use of aromatherapy has grown in popularity as it has been clinically shown to improve mood, performance, and cognitive function. Within the supply side, the stakeholders are utilizing the practical advantages of essential oils and aromatherapy. Traditional perfume has given way to the wellness and self-care sector in the fragrance industry. In addition, the wellness sector includes skincare and cosmetics, and aromatherapy is becoming a crucial part of well-being, beauty, and scent.

Rising Demand for Natural Ingredients to Drive Market Growth

The product plays a crucial part in the natural preservation of food in light of growing concerns about artificial food additives and their potential long-term negative consequences. In a number of clinical investigations, ethereal oils with concentrations ranging from 0.5 to 20 microliters per gram have demonstrated antibacterial properties in foods, including cooked rice, fish, meat items, milk, and dairy goods. A significant synergy has been created by using these oils in conjunction with preservation techniques. Therefore, the increased emphasis on research and development regarding the use of ethereal oils as food additives is expected to give the worldwide essential oils market an additional boost. The worldwide food and beverage sector is going through a slow but significant change in the way its ingredients are formulated. Due to consumers' growing preference for natural and organic products, ethereal oils are now a vital component of food processors. Consumer knowledge of the adverse effects of artificial chemicals used for flavoring on health has been steadily increasing. Therefore, producers are urged to use natural inputs to enhance food products' functional characteristics and nutritional value while also making them more aesthetically pleasing.

Restraint Factor for the Essential Oils Market

Customers May Have Adverse Effects If They Are Not Informed of the Proper Dosage, will Limit Market Growth

Essential oils are extremely concentrated substances that provide a variety of advantages when used in small amounts. However, because of their extremely concentrated and volatile nature in the global diffuser market, they are linked to certain adverse consequences. The majority of essential oils are safe, but they need to be handled carefully, and before using them, the right recommendations should be followed. The main cause of their side effects is consumers' need for the correct application technique; It is preventing the essential oils' growth business.

Impact of Covid-19 on the Essential Oils Market

The market for essential oils was greatly impacted by the COVID-19 outbreak. Demand for essent...

Frankincense Essential Oil Market size is expected to be worth around USD 588 Mn by 2033, from USD 280 Mn in 2023, at a CAGR of 7.7%

Global Essential Oil market was valued at USD 20.34 billion in 2024 and is expected to grow to USD 29.54 billion by 2030 with a CAGR of 7.54% during the forecast period.

Pages	182
Market Size	2024: USD 20.34 Billion
Forecast Market Size	2030: USD 29.54 Billion
CAGR	2025-2030: 7.54%
Fastest Growing Segment	Indirect
Largest Market	Europe
Key Players	1. Sydney Essential Oil Company 2. Biolandes SAS 3. India Essential Oils 4. H. Reynaud & Fils 5. Young Living Essential Oils, LC 6. Essential Oils New Zealand Ltd 7. Farotti Srl 8. Falcon 9. Aethon International LLP 10. A.G. Organica

Essential Oils Market size worth at USD 268.21 Billion in 2023 and projected to USD 449.30 Billion by 2032, with a CAGR of around 5.9% between 2024-2032.

The APAC Essential Oil Market report segments the industry into Product Type (Lavender Oil, Orange Oil, Eucalyptus Oil, Peppermint Oil, Spearmint Oil, Lemon Oil, Rosemary Oil, Geranium Oil, Tea Tree Oil, Others), Application (Food & Beverages, Aromatherapy, Pharmaceuticals, Cosmetics & Personal Care, Others), and Geography (China, India, Japan, Australia, Rest of Asia-Pacific).

The global essential oils market size reached USD 13.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 25.2 Billion by 2033, exhibiting a growth rate (CAGR) of 8.4% during 2025-2033. The escalating consumer awareness, widespread product utilization for therapeutic and medicinal usage, imposition of favorable regulatory support, rising product demand across various sectors, surge in e-commerce platforms, and continuous research and innovation in the extraction methods are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 13.2 Billion
Market Forecast in 2033	USD 25.2 Billion
Market Growth Rate 2025-2033	8.4%

IMARC Group provides an analysis of the key trends in each segment of the global essential oils market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product, application, and sales channel.

The global orange essential oil market is estimated at US$ 857.4 million in 2024 and is projected to advance further at a CAGR of 5.4% to end up at US$ 1.46 billion by the year 2034.

Report Attribute	Detail
Orange Essential Oil Market Size (2024E)	US$ 857.4 Million
Forecasted Market Value (2034F)	US$ 1.46 Billion
Global Market Growth Rate (2024 to 2034)	5.4% CAGR
Canada Market Growth Rate (2024 to 2034)	4.8% CAGR
China Market Value (2034F)	US$ 278 Million
North America Market Share (2024E)	21.6%
East Asia Market Share (2034F)	25.7%
Key Companies Profiled	Symrise AG; Bontoux S.A.S.; Lionel Hitchen (Essential Oils) Ltd.; Young Living Essential Oils LC; Citrus and Allied Essences Ltd.; doTERRA International; LLC; Mountain Rose Herbs Inc.; Citromax S.A.C.I.; Citrosuco Paulista SA; Ultra International B.V.; Plant Therapy Essential Oils; Aksuvital; Biolandes; Aromaaz International.

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 132 Million
Growth Rate (2024 to 2034)	5.3% CAGR
Projected Value (2034F)	US$ 220.7 Million

Attribute	China
Market Value (2024E)	US$ 157.3 Million
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 278 Million

Category-wise Evaluation

Attribute	Organic
Segment Value (2024E)	US$ 283.8 Million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 468.1 Million

Attribute	Food and Beverages
Segment Value (2024E)	US$ 300.9 Million
Growth Rate (2024 to 2034)	5.3% CAGR
Projected Value (2034F)	US$ 502.8 Million

The sage essential oil market is estimated to be worth USD 7.61 billion in 2025 and is projected to reach USD 13 billion by 2035, expanding at a CAGR of 5.5% over the assessment period of 2025 to 2035.

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.2%
H2 (2024 to 2034)	5.7%
H1 (2025 to 2035)	6%
H2 (2025 to 2035)	6.3%

Segment-wise Analysis

Segment	Value Share (2025)
Organic (By Source)	60%

Segment	Value Share (2025)
Personal Care (By Application)	40%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	5.5%
UK	5.5%
France	5.3%
Germany	5.2%
Italy	5.0%
South Korea	5.8%
Japan	5.1%
China	6.0%
Australia	5.4%
New Zealand	5.6%

Competitive Outlook

Company Name	Estimated Market Share (%)
doTERRA International	18-22%
Young Living Essential Oils	16-20%
Plant Therapy Essential Oils	10-14%
Biolandes	8-12%
Edens Garden	6-10%
Other Players (Combined)	30-40%

The global Basil Essential Oil Market was valued at USD 95.64 Million in 2023 and is expected to reach USD 138.76 Million by 2029 with a CAGR of 6.45% during the forecast period.

Pages	185
Market Size	2023: USD 95.64 Million
Forecast Market Size	2029: USD 138.76 Million
CAGR	2024-2029: 6.45%
Fastest Growing Segment	Organic
Largest Market	North America
Key Players	1. Shivanshu Sintered Products Pvt Ltd (Ozone Naturals) 2. NOW Health Group, Inc. 3. Young Living Essential Oils LC 4. Edens Garden Essentials Corporation 5. Blue Ridge Botanicals 6. doTERRA International LLC 7. Gangotri Essential Oil Pvt. Ltd. 8. Givaudan SA 9. Rocky Mountain Oil LLC 10. Neal's Yard (Natural Remedies) Limited

The global cassia essential oil market value is expected to grow at a CAGR of 8.10% in the forecast period of 2025-2034.

Essential Oil Market is segmented By Extraction Technique (Solvent Extraction, Expressed Oils, Distillation, Others), and Product Type (Orange, Jasmine, Eucalyptus, Others)

The Europe Essential Oil Market is Segmented by Ingredient Type (Lavender Oil, Orange Oil, Eucalyptus Oil, Peppermint Oil, Spearmint Oil, and More), by Source (Flowers, Leaves, Bark, Roots, and Others), by Application (Food and Beverages, Aromatherapy, Pharmaceuticals, Cosmetics and Personal Care, and Others), and by Geography (Germany, United Kingdom, Italy, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global essential oils market is being driven by the rising production and availability of the products. In 2024, the essential oils market valued at USD 10.59 Billion. It is expected to further grow at a CAGR of 9.60% between 2025 and 2034 to reach a value of USD 26.49 Billion by 2034.

The global Essential Oils Market size is expected to reach USD 29.5 Billion in 2034 registering a CAGR of 10.2% Discover the latest trends and analysis on the Essential Oils Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunitie...

This statistic shows the market value of essential oils worldwide in 2017 and provides a forecast for 2022. In 2017, the value for essential oils worldwide amounted to approximately ***** billion U.S. dollars.

The global organic peppermint essential oil market is experiencing robust growth, with a market size of $10.9 million in 2025 and a projected Compound Annual Growth Rate (CAGR) of 4.9% from 2025 to 2033. This expansion is driven by the increasing consumer demand for natural and organic products in personal care, aromatherapy, and food & beverage applications. The rising awareness of the therapeutic benefits of peppermint oil, including its ability to alleviate headaches, improve digestion, and promote relaxation, further fuels market growth. Key trends shaping the market include the growing popularity of aromatherapy practices, the increasing use of peppermint oil in cosmetics and skincare products, and the surge in demand for sustainable and ethically sourced essential oils. While challenges such as fluctuating raw material prices and potential supply chain disruptions exist, the overall market outlook remains positive, driven by strong consumer preferences and the versatility of organic peppermint essential oil across various sectors. Leading players like Vinayak, A.G. Industries, and Bhagat Aromatics Ltd. are strategically positioning themselves to capitalize on this burgeoning market through product innovation, expansion into new markets, and strategic partnerships. The market is segmented by various application areas, though precise data on the segmentation is unavailable; however, based on market trends, we can expect significant growth in the aromatherapy and personal care segments. The forecast period of 2025-2033 indicates continued market expansion, driven by sustained demand and innovation within the industry. The competitive landscape is moderately consolidated, with a mix of established players and emerging companies vying for market share. Future growth will depend on factors such as successful product diversification, effective marketing campaigns that highlight the health benefits and sustainability aspects, and efficient supply chain management to ensure consistent product availability. Expansion into new geographical regions, particularly in developing economies with growing middle classes, also presents substantial opportunities for growth in the coming years.