The global essential oils market size was US$ 11,768.6 million in 2021. The global essential oils market size is forecast to reach US$ 24,731.60 million by 2030, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.

Essential oils are liquids extracted from stems, leaves, seeds, roots, and flowers of plants. The most commonly used essential oils are lavender, tea tree, orange, lemon, peppermint, and cornmint. Oils derived from these plants are antibacterial, antiviral, antifungal, and antimicrobial. They bypass the digestive system and are beneficial for individuals who have poor digestion or assimilation. Furthermore, essential oils are highly oxygenating, making them suitable for infants who can't swallow tablets and capsules.

Factors Influencing Market Growth

• There are several factors that contribute to the global market growth, including an increase in awareness toward preventive healthcare, an improvement in the standard of living, and an increase in demand for aromatherapy.
• Compared to other oils, the cost of essential oils is extremely high, which may slow down the overall market growth. 
• Recently, the demand for natural ingredients has risen mainly due to growing awareness of their benefits. Thus, the need for natural preservatives to increase in the essential oils market will provide growth opportunities for the global market during the forecast period.

Impact Analysis of COVID-19

The COVID-19 pandemic had positively impacted the global essentials oil market growth. Essential oils have antimicrobial, antioxidant, and anti-infective properties; as a result, they are used to treat many health conditions, including stress, immune disorders, sleep disorders, and depression. With the pandemic increasing awareness around the world about improving the body's immune system, and with the use of organic products and holistic medicine becoming increasingly popular. Thus, essential oils became increasingly important during the COVID-19 due to an increase in the number of patients suffering from mental health concerns, thus driving the market. 

Regional Insights

The Asia Pacific is forecast to grow at the fastest rate in the essential oils market during the forecast period. Several factors contribute to this, including favorable weather conditions, affordable labor, and abundant raw materials. In addition, a shift in consumer preferences toward healthier and more nutritious food and beverages and other food products in China and India will provide lucrative growth opportunities for global market players. Furthermore, a large consumer base for the skincare market in China, along with the demand for Chinese fragrances, is expected to boost the demand for essential oils in the country.

Leading Competitors

The leading prominent companies profiled in the global essential oils market are:

• Biolandes SA
• doTERRA International LLC 
• Farotti Essenze srl
• Essential Oils Of New Zealand Limited
• H. Reynaud & Fils
• Moksha Lifestyle Products
• Sydney Essential Oil Co.
• The Lebermuth Company
• West India Spices Incorporated
• Young Living Essential Oils
• Other Prominent Players

Scope of the Report

The global essential oils market segmentation focuses on Type, Application, Distribution Channel, and Region.

Segmentation based on Type

• Orange
• Eucalyptus
• Cornmint
• Peppermint
• Citronella
• Lemon
• Lime
• Clove
• Spearmint
• Others

Segmentation based on Application

• Medical
• Cleaning And Home
• Spa And Relaxation
• Food And Beverages
• Others

Segmentation based on Distribution Channel

• Direct Distribution
• Multi-level Marketing
• Retail Distribution

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America