Amid the COVID-19 crisis, the global market for Essential Oils estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$14 Billion by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027. Orange, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$5.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lemon segment is readjusted to a revised 8.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 6.9% CAGR
The Essential Oils market in the U.S. is estimated at US$2.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Tea Tree Segment to Record 5% CAGR
In the global Tea Tree segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2027.We bring years of research experience to this 8th edition of our report. The 193-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Cargill, Inc.
- doTERRA International LLC
- DowDuPont, Inc.
- Firmenich SA
- Frutarom Industries Ltd.
- Givaudan SA
- International Flavors & Fragrances, Inc.
- Koninklijke DSM NV
- Mane SA
- Robertet SA
- Rocky Mountain Oils LLC.
- Sensient Technologies Corporation
- Symrise AG
- The Lebermuth Company, Inc.
- Young Living Essential Oils
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
An Introduction to Essential Oils
Essential Oils Market: A Prelude
Worldwide Production of Essential Oils in Quantity and Value: 1990-2020
Worldwide Demand for Essential Oils in Kilotons: 2018-2025
Global Competitor Market Shares
Essential Oils Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
An Overview into Competitive Landscape of Essential Oils
Essential Oils Market: Percentage Market Share of Product Sales by Leading Players (2018)
3. MARKET TRENDS & DRIVERS
The Rising Popularity of Aromatherapy to Treat Various Ailments Drive Market Demand
Rise in Double Income Households and Disposable Incomes to Bolster Demand for Essential Oils Market
With Increase in Demand for Aromatherapy, Essential Oil Market to Register Notable Gains
Myriad Applications to Drive Growth of Essential Oils Market
Food & Beverages Revenue (in Million USD): 2017-2023
Increasing R&D Facilities for Essential Oils to Bolster Market Growth
A Glance into the Worldwide Trade Stats of Essential Oils
Essential Oils: Percentage Value of Imports and Exports by Region: 2016
A Prelude into European Market Trends of Essential Oils
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Essential Oils Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Essential Oils Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Essential Oils Market Share Shift across Key Geographies Worldwide:2012 VS 2020 VS 2027
TABLE 4: Orange (Product Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Orange (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Orange (Product Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Lemon (Product Type) Potential Growth Markets Worldwide in US$ Million:2020 to 2027
TABLE 8: Lemon (Product Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Lemon (Product Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Tea Tree (Product Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Tea Tree (Product Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Tea Tree (Product Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Rosemary (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Rosemary (Product Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Rosemary (Product Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other Product Types (Product Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 17: Other Product Types (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 18: Other Product Types (Product Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Food & Beverage (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 20: Food & Beverage (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
TABLE 21: Food & Beverage (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: Cosmetics & Toiletries (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 23: Cosmetics & Toiletries (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 24: Cosmetics & Toiletries (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Aromatherapy (Application) Worldwide Sales in US$ Million by Region/Country:2020-2027
TABLE 26: Aromatherapy (Application) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 27: Aromatherapy (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 28: Home Care (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 29: Home Care (Application) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 30: Home Care (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: Health Care (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 32: Health Care (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 33: Health Care (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: Other Applications (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 35: Other Applications (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 36: Other Applications (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Essential Oils Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 37: United States Essential Oils Market Estimates and Projections in US$ Million by Product Type: 2020 to 2027
TABLE 38: Essential Oils Market in the United States by Product Type: A Historic Review in US$ Million for 2012-2019
TABLE 39: United States Essential Oils Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 40: United States Essential Oils Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 41: Essential Oils Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019
TABLE 42: Essential Oils Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027
CANADA
TABLE 43: Canadian Essential Oils Market Estimates and Forecasts in US$ Million by Product Type: 2020 to 2027
TABLE 44: Canadian Essential Oils Historic Market Review by Product Type in US$ Million: 2012-2019
TABLE 45: Essential Oils Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2012, 2020, and 2027
TABLE 46: Canadian Essential Oils Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 47: Essential Oils Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 48: Canadian Essential Oils Market Share Analysis by Application:2012 VS 2020 VS 2027
JAPAN
TABLE 49: Japanese Market for Essential Oils: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2020-2027
TABLE 50: Essential Oils Market in Japan: Historic Sales Analysis in US$ Million by Product Type for the Period 2012-2019
TABLE 51: Japanese Essential Oils Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 52: Japanese Demand Estimates and Forecasts for Essential Oils in US$ Million by Application: 2020 to 2027
TABLE 53: Japanese Essential Oils Market in US$ Million by Application: 2012-2019
TABLE 54: Essential Oils Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027
CHINA
TABLE 55: Chinese Essential Oils Market Growth Prospects in US$ Million by Product Type for the Period 2020-2027
TABLE 56: Essential Oils Historic Market Analysis in China in US$ Million by Product Type: 2012-2019
TABLE 57: Chinese Essential Oils Market by Product Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 58: Chinese Demand for Essential Oils in US$ Million by Application: 2020 to 2027
TABLE 59: Essential Oils Market Review in China in US$ Million by Application: 2012-2019
TABLE 60: Chinese Essential Oils Market Share Breakdown by Application:2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Essential Oils Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 61: European Essential Oils Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 62: Essential Oils Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 63: European Essential Oils Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 64: European Essential Oils Market Estimates and Forecasts in US$ Million by Product Type: 2020-2027
TABLE 65: Essential Oils Market in Europe in US$ Million by Product Type: A Historic Review for the Period 2012-2019
TABLE 66: European Essential Oils Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 67: European Essential Oils Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 68: Essential Oils Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 69: European Essential Oils Market Share Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
TABLE 70: Essential Oils Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 71: French Essential Oils Historic Market Scenario in US$ Million by Product Type: 2012-2019
TABLE 72: French Essential Oils Market Share Analysis by Product Type:2012 VS 2020 VS 2027
TABLE 73: Essential Oils Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 74: French Essential Oils Historic Market Review in US$ Million by Application:2012-2019
TABLE 75: French Essential Oils Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
GERMANY
TABLE 76: Essential Oils Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2020-2027
TABLE 77: German Essential Oils Historic Market Analysis in US$ Million by Product Type: 2012-2019
TABLE 78: German Essential Oils Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 79: Essential Oils Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 80: German Essential Oils Market in Retrospect in US$ Million by Application:2012-2019
TABLE 81: Essential Oils Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
TABLE 82: Italian Essential Oils Market Growth Prospects in US$ Million by Product Type for the Period 2020-2027
TABLE 83: Essential Oils Historic Market Analysis in Italy in US$ Million by Product Type: 2012-2019
TABLE 84: Italian Essential Oils Market by Product Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 85: Italian Demand for Essential Oils in US$ Million by Application: 2020 to 2027
TABLE 86: Essential Oils Market Review in Italy in US$ Million by Application: 2012-2019
TABLE 87: Italian Essential Oils Market Share Breakdown by Application:2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 88: United Kingdom Market for Essential Oils: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2020-2027
TABLE 89: Essential Oils Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Type for the Period 2012-2019
TABLE 90: United Kingdom Essential Oils Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 91: United Kingdom Demand Estimates and Forecasts for Essential Oils in US$ Million by Application: 2020 to 2027
TABLE 92: United Kingdom Essential Oils Market in US$ Million by Application: 2012-2019
TABLE 93: Essential Oils Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 94: Rest of Europe Essential Oils Market Estimates and Forecasts in US$ Million by Product Type: 2020-2027
TABLE 95: Essential Oils Market in Rest of Europe in US$ Million by Product Type: A Historic Review for the Period 2012-2019
TABLE 96: Rest of Europe Essential Oils Market Share Breakdown by Product Type: 2012 VS 2020 VS 2027
TABLE 97: Rest of Europe Essential Oils Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 98: Essential Oils Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 99: Rest of Europe Essential Oils Market Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 100: Essential Oils Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 101: Asia-Pacific Essential Oils Historic Market Scenario in US$ Million by Product Type: 2012-2019
TABLE 102: Asia-Pacific Essential Oils Market Share Analysis by Product Type: 2012 VS 2020 VS 2027
TABLE 103: Essential Oils Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 104: Asia-Pacific Essential Oils Historic Market Review in US$ Million by Application: 2012-2019
TABLE 105: Asia-Pacific Essential Oils Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
REST OF WORLD
TABLE 106: Rest of World Essential Oils Market Estimates and Forecasts in US$ Million by Product Type: 2020 to 2027
TABLE 107: Rest of World Essential Oils Historic Market Review by Product Type in US$ Million: 2012-2019
TABLE 108: Essential Oils Market in Rest of World: Percentage Share Breakdown of Sales by Product Type for 2012, 2020, and 2027
TABLE 109: Rest of World Essential Oils Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 110: Essential Oils Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 111: Rest of World Essential Oils Market Share Analysis by Application:2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 43
