Global Aromatic Essential Oils Market was valued at USD 8.31 billion in 2022 and expected to grow at a CAGR of 9.2% during the forecast period.
Aromatic essential oils are highly concentrated liquids that are extracted from various parts of plants such as leaves, flowers, roots, stems, and bark. They are known for their aromatic properties and are used in a variety of applications such as perfumes, aromatherapy, and natural remedies. These oils are obtained through a process of steam distillation, cold pressing, or solvent extraction, and are prized for their therapeutic benefits as well as their fragrance.
Aromatic essential oils have been used for centuries for their medicinal and therapeutic properties. They are known to have antibacterial, antifungal, antiviral, and anti-inflammatory properties, and can be used to treat a variety of health conditions such as anxiety, depression, insomnia, headaches, and digestive problems. They are also used in the beauty and skincare industry for their nourishing and hydrating properties
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Report Scope:
Some popular aromatic essential oils include lavender, peppermint, tea tree, eucalyptus, chamomile, and lemon. These oils are widely available in health food stores, online retailers, and specialty shops, and are used in a variety of ways such as diffusing, topical application, or inhalation. It is important to note that essential oils are highly concentrated and should be used with caution, and under the guidance of a healthcare professional.
The global market for aromatic essential oils is expected to experience significant growth in the coming years, driven by the increasing demand for natural and organic products. Aromatic essential oils are widely used in the food and beverage, cosmetic and personal care, and pharmaceutical industries, among others.
The growing popularity of aromatherapy and natural remedies is also driving the demand for aromatic essential oils. In addition, the increasing awareness about the therapeutic benefits of essential oils and the rise in disposable income are expected to contribute to the growth of the market.
However, the market is also facing some challenges such as the availability of counterfeit products and the high cost of genuine essential oils. The lack of standardization in the industry and the shortage of raw materials in some regions are also hindering the growth of the market.
North America and Europe are the largest markets for aromatic essential oils, due to the high demand for natural and organic products in these regions. However, the Asia-Pacific region is expected to grow at a faster rate, due to the increasing awareness about the therapeutic benefits of essential oils and the rise in disposable income in countries such as China and India.
Overall, the global market for aromatic essential oils is expected to grow significantly in the coming years, driven by the increasing demand for natural and organic products and the growing popularity of aromatherapy and natural remedies.
Impact of COVID
The COVID-19 pandemic has had a mixed impact on the global market for aromatic essential oils. While the demand for essential oils has remained relatively stable, the supply chain disruptions and the closure of retail stores have impacted the distribution and sales of these products.
On the one hand, the pandemic has led to an increased demand for natural and organic products, including essential oils, as consumers become more health-conscious and seek out products that can boost their immunity and help them relax. As a result, the demand for essential oils used in aromatherapy and personal care products has remained stable.
However, the pandemic has also led to supply chain disruptions, which have affected the production and distribution of aromatic essential oils. The closure of borders, restrictions on transportation, and shortage of raw materials have led to delays and disruptions in the supply chain, affecting the availability of essential oils in some regions.
Furthermore, the closure of retail stores and the shift towards online shopping have impacted the sales of essential oils. While online sales of essential oils have increased, the closure of physical stores has led to a decline in sales in some regions.
Overall, the impact of COVID-19 on the global market for aromatic essential oils has been mixed. While the demand for essential oils has remained stable, the supply chain disruptions and the closure of retail stores have impacted the distribution and sales of these products.
Market Segmentation:
By Type,
By Method of Extraction,
By Application
Key Player:
Some of the major companies operating within the market are
Cargill, Inc. (US),
DuPont (US),
Koninklijke
DSM N.V. (Netherlands),
dôTERRA International LLC (US),
Givaudan SA (Switzerland),
Young Living Essential Oils (US),
The Lebermuth Company, Inc. (US),
Symrise (Germany),
Sensient Technologies Corporation (US),
Essential oils of New Zealand (New Zealand),
Firmenich SA (Switzerland),
International Flavors & Fragrances Inc. (US),
Mane (France),
ROBERTET SA (France),
Rocky Mountain Oils LLC (US),
BIOLANDES SAS (France),
Falcon (India), Farroti (Italy),
Indian Essential Oils (India),
Ungerer Limited (UK).
These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Aromatic Essential Oils globally.
Regional Analysis:
North America: North America is one of the largest markets for aromatic essential oils, due to the high demand for natural and organic products in the region. The United States is the largest market for aromatic essential oils in North America, driven by the growing popularity of aromatherapy and natural remedies.
Europe: Europe is also a significant market for aromatic essential oils, driven by the high demand for natural and organic products in the region. The United Kingdom, France, and Germany are the largest markets for aromatic essential oils in Europe.
Asia-Pacific: The Asia-Pacific region is expected to grow at a faster rate, due to the increasing awareness about the therapeutic benefits of essential oils and the rise in disposable income in countries such as China and India. Japan, China, and India are the largest markets for aromatic essential oils in the Asia-Pacific region.
Latin America: The market for aromatic essential oils in Latin America is relatively small, but it is expected to grow in the coming years, driven by the increasing demand for natural and organic products in the region. Brazil is the largest market for aromatic essential oils in Latin America.
Middle East and Africa: The market for aromatic essential oils in the Middle East and Africa is also relatively small, but it is expected to grow in the coming years, driven by the increasing demand for natural and organic products in the region. South Africa is the largest market for aromatic essential oils in the Middle East and Africa.
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The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in-depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analysed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
Key Points:
- Define, describe and forecast Aromatic Essential Oils market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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