Essential Oil Market 2021-2025: Europe to Dominate Market Growth

The essential oil market share is expected to grow up to USD 5.04 billion, accelerating at a CAGR of 8.94% during the forecast period. The health benefits of essential oils will offer immense growth opportunities to market vendors. In addition, the increase in new product launches is one of the major essential oil market trends that will support the market growth. However, the increasing availability of counterfeit products may hamper market growth.

The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Essential Oil Market Analysis Report: View the Free Sample Report

Essential Oil Market: Europe to lead market growth during the forecast period

• The essential oil market is segmented by application (food and beverages, recreation, and others) and geography (Europe, North America, APAC, South America, and MEA).
• Based on the application segmentation, the essential oil market growth in the food and beverages segment will be significant during the forecast period. 
• 37% of the market growth will originate from Europe during the forecast period. Germany and The Netherlands are the key markets for the essential oil market in Europe.
• The essential oil market size in Europe is driven by the awareness of the health benefits of essential oils and their application across several industries such as cosmetics, pharmaceuticals, and food and beverages.

Essential Oil Market: Key Competitors

The market is fragmented due to the presence of several players. Aromaaz International, Bath and Body Works Direct Inc., Biolandes Aromes SAS, doTERRA International LLC, Frontier Co-op, H. Reynaud and Fils, NOW Health Group Inc., Sydney Essential Oil Co. Pty Ltd., The Lebermuth Co. Inc., and Young Living Essential Oils are some of the major essential oil market vendors.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. Download the Free PDF Sample Report

Essential Oil Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive essential oil market growth during the next five years
• Precise estimation of the essential oil market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the essential oil market industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of essential oil market vendors