Essential oil Market Information- by Type (Pure essential oil, Compound essential oil and Others), by Ingredients (Orange, Corn mint, Cedarwood, Eucalyptus, Chamomile, Lavender, Clary sage, Citronella, Litsea cubeba, Citrodora, Peppermint, Basil, Clove Leaf and Others) and by Application (Fragrance & Flavor, Aromatherapy, Pharmaceutical, Cosmetics and Other) and by Province Forecast to 2023

Report Description

Essential Oil market is projected to grow at 5.92% during the forecasted period 2017to 2023. APAC region is estimated to dominate the market with more than 50% of market share followed by America in the year 2017. France, Italy and Germany are major essential oil producers in the Europe region. Increasing popularity of essential oil in aromatherapy and pharmaceuticals supporting various essential oil production in America and Europe region. U.S. and Canada are major essential oil market in the American region. Strong potential of essential oil production and rising application of essential oil in cosmetics and personal care supporting market growth among the various regions in the world.

Global essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92%. Pure essential oil will grow at the CAGR of 6.16% during forecast period 2017 to 2023. Pure essential oil holds the major market share followed by compound essential oil in the year 2017. Corn mint and Orange together holds more than 57% of market share in the year 2017. Clove leaf essential oil market is projected to reach around USD 150 million by 2023 with CAGR of 6.09% and it is majorly produced in APAC region.

The Global Essential Oil Market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW) .APAC region is estimated to dominate the market with 58.2% of market share in the year 2017 followed by America which have 21.9% of market share. France, Italy and Germany are major essential oil producers in the Europe region. Increasing popularity of essential oil in aromatherapy and pharmaceuticals supporting various essential oil production in America and Europe region. U.S. and Canada are major Essential Oil market in the American region. Strong potential of essential oil production and rising application of essential oil in cosmetics and personal care supporting market growth among the various regions in the world.

Key Players

The leading market players in the Global Essential oil market primarily are Young Living (U.S.), doTerra (U.S.), Biolandes (France), The Lebermuth Co., Inc.(U.S.), Sydney Essential Oils (Australia), Shiv Sales Corporation (India) and Shaanxi Guanjie Technology Co., Ltd (India)

Key players are more focusing on expansion of essential oil business across the globe which is contributing around 40% of strategy share. After expansion, key players are acquiring companies to strengthen their presence and to get edge over increasing competition. R&D, partnership and product launch contributes equally (~10%) in strategic share of key players in essential oil market.

Global Essential oil Market, By Value, USD Million (2016-2023)

Essential Oil Market Research Report- Forecast to 2023 -Report image 00

Target Audience

Essential oil Manufacturers
Food and beverage Industry
Agriculture Industry
Fragrance/ Aromatherapy industry
Cosmetics/personal care industry
Pharmaceutical Industry
Retailers and wholesalers
Traders, importers and exporters
Key Findings

The Global Essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92%
Globally, application of Essential oil in aromatherapy is growing at higher rate of 6.19%
Globally, corn mint and orange essential oil holds more than 57% of market share in the year 2017
Regional and State wise Analysis of Global Essential oil market Development and Demand Forecast to 2023 Market

The reports also cover country level analysis:

America

U.S.
Canada
Mexico
Rest of America
Europe

Germany
U.K.
France
Rest of Europe
Asia Pacific

China
India
Indonesia
Japan
Rest of APAC
Rest of World

Nigeria
South Africa
Iran
Other Countries