Essential Oils Market Size, Share, Trends, Industry Analysis Report
By Application (Medical, Food & Beverage, Spa & Relaxation, Fragrances, Cleaning & Home), By Sales Channel, By Product, and By Region -Market Forecast, 2025 - 2034
- Published Date:Sep-2025
- Pages: 117
- Format: PDF
- Report ID: PM1048
- Base Year: 2024
- Historical Data: 2020-2023
Overview
The global essential oils market size was valued at USD 26.91 billion in 2024. The market is projected to grow at a CAGR of 8.69% during 2025 to 2034. Key factors driving demand for essential oils include growing consumer preference for natural and organic products in personal care, food, and beverages, and the expansion of e-commerce
Key Insights
- The medical segment held the largest revenue share in 2024. This is due to the increasing demand for essential oils in the production of pharmaceutical agents and therapeutic drugs.
- The food and beverage industry is anticipated to witness the highest growth in the forecast period due to the characteristics of essential oils to preserve the shelf life of packaged foods.
- Europe dominated the essential oils market in 2024. This growth is attributed to the presence of major cosmetic brands, who heavily uses essential oils in their products.
- The market in the Asia Pacific is projected to grow at a rapid pace in the coming years, owing to the increasing per capita income and rising expenditure on wellness products.
Industry Dynamics
- The global essential oils market is fueled by urbanization and an increase in disposable income.
- The increasing adoption of personal care products such as lotions and creams across countries such as China, Japan, and India is also anticipated to increase demand for essential oils.
- The growing pharmaceutical industry across the globe after the pandemic is creating a lucrative market opportunity.
- Limited availability of raw materials may hamper the market growth.
Market Statistics
- 2024 Market Size: USD 26.91 Billion
- 2034 Projected Market Size: USD 61.81 Billion
- CAGR (2025-2034): 8.69%
- Europe: Largest Market Share
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Essential oils are compounds obtained in the process of distillation or mechanical methods from plants. These oils are extracted from different parts of plants such as flowers and inflorescences, leaves, peels, fruits, berries, barks, seeds, wood, resins, roots, and rhizomes. Some of the essential oils used in the fragrances include Lavender, tea tree, citrus, eucalyptus, linalool, citronellol, frankincense oil, peppermint oil, lemongrass oil, and rosemary oil. Shifting focus toward plant-based organic products, rising in the demand for aromatherapy and increasing demand for pure natural ingredients is drivinf the overall essential oils market.
Aromatherapy, a therapy that reduces anxiety and stress and improves sleeping disorders like Insomnia is one of the most important applications of these oils. It is majorly used in industries such as pharmaceuticals, cosmetics, wellness, personal care services, food, and beverage, etc. These oils are further used in disinfectants, room fresheners, Mosquito repellants, soaps, shampoos, etc. Higher pricing of oils and the unavailability of abundant plants for extraction are some restraining factors for the market.
Industry Dynamics
Growth Drivers
The increasing adoption of personal care products such as lotions and creams is driving the demand for these oils as essential oils are heavily used in personal care products for their natural fragrances. The growing employment rate, especially women working population in countries such as India and Indonesia is further leading to high adoption of personal care products, which is contributing to the market. The high disposable income and awarness about the benefits of these oil in developed region such as Europe and North America is leading to an increase in market revenue. Moreover, the expansion of e-commerce platforms acorss the globe and increaseing incidence of type-2 diabetes is creatig the need for essential oils. These oils are used in the treatment of type-2 diabetes and e-commerce platforms are making these oil accessable to every part of the world, leading to market growth.
Report Segmentation
The market is primarily segmented based on product, application, sales channel, and region.
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By Product |
By Application |
By Sales Channel |
By Region |
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Orange Oil Segment Accounted for the Largest Market Share in 2024
Orange oil segment accounted for the largest volume share in 2024. This is attributed to its antioxidant property and high content of Vitamin C, which helps in reducing dark spots and wrinkles. These oils are being utilized heavily in personal beauty care products. This led the segment's dominance. Moreover, the high aroma and flavoring essence of orange oils are leading to their high adoption in many foods and beverage products.
Medical Segment Dominated the Revenue Share in 2024
The medical segment held the largest revenue share in 2024. This is due to the increasing demand for essential oils in the production of pharmaceutical agents and therapeutic drugs. Various compounds like terpenes, phenols, and Carvacrol are used to diagnose diseases improve gut systems, reduce inflammatory pains and lower cholesterol levels. These oils are also widely used in capsules and tablets, which contributed to the segment's dominance.
The food and beverage industry is anticipated to witness the highest growth in the forecast period due to the characteristics of some oils like lemon, basil, and fennel to preserve the shelf life of packaged foods. Changing consumer prefrence towards natural organic preservatives over synthetic ones is also leading to the segment growth. The growing urbanization is creating the need for packaged foods, which is increasing the use essential oils in these foods to preserve the shelf life.
Europe Held the Largest Revenue Share in 2024
Europe dominated the essential oils market in 2024. This growth is attributed to the presence of major cosmetic brands, who heavily uses essential oils in their products. The growing urbanization, high disposable income, increasing employment rate in the region are also some of the major factors that drove the demand for essential oils in the region. Moreover, the high healthcare spending and growing phara industry, along with the development of novel medicine contributed the regional market dominance.
The market in the Asia Pacific is projected to grow at a rapid pace in the coming years, owing to the increasing per capita income and rising expenditure on wellness products. Countries like China, India, and Japan have been receiving financial and regulatory support from government to boost the adoption of these oils in medical field. The growing demand for packaged food, driven by urbanization and increasing disposable income is also leading the market growth in the region.
Competitive Insight
Key players in the essential oils market include Biolandes SAS, Sydney Essential Oil Co. (SEOC), India Essential Oils, DoTerra, Essential Oils of New Zealand, Young Living Essential Oils, Flavex Naturextrakte GmbH, West India Spices Inc., Ungerer Limited, H. Reynaud & Fils (HRF), Farotti S. R. L., Rocky Mountain Essential Oils, Falcon, The Lebermuth Company, Moksha Lifestyle Products. The market is highly competitive and expected to create profit rivalry with the integration of raw material outsourcing providers in the essential oil industry.
Recent Developments
October 2022: doTERRA launched the MetaPWR Metabolic System meta for "metabolic health" and PWR for "personal wellness realized” to promote a healthy metabolism. This system’s products when used with healthy lifestyle choices, help to fortify metabolic health.
Essential Oil Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 26.91 billion |
| Market size value in 2025 | USD 29.20 billion |
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Revenue forecast in 2034 |
USD 61.81 billion |
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CAGR |
8.69% from 2025- 2034 |
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Base year |
2024 |
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Historical data |
2020 - 2023 |
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Forecast period |
2025 - 2034 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Segments covered |
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Regional scope |
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Key companies |
Biolandes SAS, Sydney Essential Oil Co. (SEOC), India Essential Oils, DoTerra, Essential Oils of New Zealand, Young Living Essential Oils, Flavex Naturextrakte GmbH, West India Spices Inc., Ungerer Limited, H. Reynaud & Fils (HRF), Farotti S. R. L., Rocky Mountain Essential Oils, Falcon,The Lebermuth Company, Moksha Lifestyle Products |
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FAQ's
• The global market size was valued at USD 26.91 billion in 2024 and is projected to grow to USD 61.81 billion by 2034.
• The global market is projected to register a CAGR of 8.69% during the forecast period.
• Europe dominated the market in 2024
• A few of the key players in the market include Biolandes SAS, Sydney Essential Oil Co. (SEOC), India Essential Oils, DoTerra, Essential Oils of New Zealand, Young Living Essential Oils, Flavex Naturextrakte GmbH, West India Spices Inc., Ungerer Limited, H. Reynaud & Fils (HRF), Farotti S. R. L., Rocky Mountain Essential Oils, Falcon,The Lebermuth Company, and Moksha Lifestyle Products.
• The medical segment dominated the market revenue share in 2024.
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