Essential oils have its existence around the globe for centuries as a healing agent and for various application due to its aroma and flavor properties. The use of essential oil dated since 4500 B.C.E., by the Egyptians for medicinal uses and beauty products. Since then the essentials oils have been known to mankind as a healing agent and as a beauty product due to its aroma. Wide range of essential oils are present in the market which are used in various end-user industries including food, cosmetic and personal care products, pharmaceutical and household cleaning products among others. Essential oils are added to food items and beverages due to its aroma and flavor, it is used in the cosmetic and personal care products and pharmaceutical industry due to its medicinal properties, used in household cleaning products due to its aromatic properties. The household cleaning products which make use of essential oils are air fresheners, mosquito repellents and furniture cleaning products among others. Other uses of essential oils are into making scented candles, and scented gif items among others. Hence, high demand is reported for essential oils in the market.

The various types of essential oils used in wide range of end-user industries are orange, citronella, corn mint, eucalyptus, lemon, clove leaf and others. Among these, orange oil is used on a large scale due to its medicinal and aromatic properties in a wide range of end-user industries. Corn mint accounted as the second-largest product segment of global essential oils market in 2020 and is anticipated to increase in the near future. Other essential oils are also projected to boost high growth of global essential oils market in the near future.

Essential oils market is expected to reach over US$ 15.51 Bn by 2029, growing at a CAGR of more than 8.8% during the forecast period 2021-2029.

Purpose of the Report

The purpose of this strategic research study titled “Global Essential oils Market - Growth, Share Opportunities, and Competitive Analysis, 2021 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global essential oils market.

Target Audience

• Industry Investors
• Essential Oils Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Essential oils Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global essential oils market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading essential oils vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within the essential oils industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 – 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global essential oils market, of growth, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above-mentioned factors.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Essential Oils market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Essential Oils market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Essential Oils market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Essential Oils market?
• Which is the largest regional market for Essential Oils market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Essential Oils market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Essential Oils market worldwide?