The global Essential oils market was valued at USD 13.2 Billion in 2024 and is forecasted to reach USD 25.2 Billion by 2033, exhibiting a CAGR of 8.4% during the forecast period of 2025-2033. Driven by increasing demand across personal care, aromatherapy, and food sectors, the market is propelled by heightened consumer preference for natural and organic products. Europe is the leading regional market, holding over 49.4% market share in 2024.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Essential Oils Market Key Takeaways
- The global essential oils market size stood at USD 13.2 Billion in 2024, with an anticipated CAGR of 8.4% during 2025-2033.
- The forecast period for the market is from 2025 to 2033.
- Europe holds the largest market share at over 49.4% in 2024, driven by the demand for natural and organic products across several industries.
- The United States accounts for 93.2% of the North American market in 2024, supported by increasing consumer demand for natural and organic products.
- Spa and relaxation applications lead with around 46.5% market share, fueled by consumer focus on wellness and stress relief.
- Offline stores dominate sales channels with around 45.0% market share due to personalized customer service and product accessibility.
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Market Growth Factors
The global essential oils market is primarily driven by an increasing customer shift toward organic and natural products, fueled by expanding awareness of their health benefits. Key growth sectors include aromatherapy, personal care, and cosmetics, which significantly enhance market expansion. Increasing applications in food and pharmaceuticals, coupled with a rising preference for environmentally sustainable solutions, further strengthen market demand. Supportive government policies endorsing ethical sourcing and organic products also play a crucial role in fortifying market growth globally. Furthermore, technological advancements in extraction methods and the growing adoption of wellness routines in spas and at-home treatments substantially contribute to market expansion. Together, these elements foster innovation and heightened consumption.
Escalating consumer awareness about the health advantages of organic and natural products is a major factor driving the market. Approximately 54% of customers prefer skincare products with transparent and clean ingredient lists, while about 35% seek products containing plant-based ingredients. Growing access to information online enables customers to actively seek alternatives to chemical-based or synthetic products. Educational campaigns by government and private entities amplify awareness of benefits tied to natural components like essential oils. Enhanced focus on ingredient sourcing transparency and organic product verification further propel global market growth.
Essential oils are increasingly used for therapeutic and medicinal purposes. They are deployed for the treatment of specific disorders, pain management, and stress relief. Tea tree oil, heavily utilized in treating acne and skin issues, is expected to reach nearly 8 kilotons in demand by 2024 due to rising consumer interest in natural skincare. The growth of aromatherapy further impacts market expansion, as essential oils are used to improve psychological and physical well-being. Therapists and medical professionals are integrating essential oils more in treatments, supported by scientific research validating their efficacy. The sector benefits from rising emphasis on immunity and overall health, boosting the requirement for essential oils in both supportive and preventive care.
Market Segmentation
By Product:
- Cedarwood Oil
- Eucalyptus Oil
- Lavender Oil
- Lemongrass Oil
- Rosemary Oil
- Tea Tree Oil: Holds the largest market share due to its antimicrobial, anti-inflammatory, and skincare properties. It is widely used in personal care, cosmetics, pharmaceuticals, and aromatherapy, benefiting from increased consumer demand for natural and organic solutions.
- Ylang Ylang Oil
- Others
By Application:
- Medical: Pharmaceutical, Nutraceuticals
- Food and Beverages: Bakery and Confectionery, Beverages, Meat, Poultry and Seafood, Others
- Spa and Relaxation: Aromatherapy, Personal Care, Cosmetics, Toiletries, Others
- Leads the market with around 46.5% share in 2024, driven by consumer focus on wellness and stress management, supported by adoption in spas, resorts, and at-home treatments.
- Cleaning: Kitchen Cleaners, Floor Cleaners, Bathroom Cleaner, Others
- Others
By Sales Channel:
- Offline Stores: Lead the market with around 45.0% share in 2024, favored for direct product access and personalized service in supermarkets and specialty stores.
- Online Stores
By Region:
- North America: United States, Canada
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Others
- Asia Pacific: China, Japan, India, South Korea, Australia, Indonesia, Others
- Latin America: Brazil, Mexico, Others
- Middle East and Africa
Regional Insights
Europe is the dominant region, commanding over 49.4% market share in 2024 due to strong demand in personal care, food and beverage, and aromatherapy industries. The region benefits from a mature consumer base valuing natural and organic products backed by stringent sustainable practices. Key markets such as Germany, France, and the UK propel growth, with the UK’s essential oil imports rising by £6.82 million (46.9%) from August 2023 to August 2024. The presence of leading manufacturers and innovative product launches also solidify Europe’s market leadership.
Recent Developments & News
- October 2024: Tholi Oil launched a campaign to fund essential oils-infused sandals, targeting USD 77,000.
- July 2024: Young Living celebrated its 30th anniversary with new product introductions.
- October 2023: Azelis acquired BLH SAS to expand essential oils and natural ingredients offerings.
- May 2023: Young Living introduced Season Essentials™ and Red Cedar Bliss™ blends.
- January 2023: PT Indika Energy acquired a 46% stake in PT Natura Aromatik Nusantara, entering the essential oil manufacturing sector in Indonesia.
Key Players
- Biolandes
- doTerra
- Essential Oils of New Zealand Ltd.
- Falcon Essential Oils
- Farotti S.R.L.
- FLAVEX Naturextrakte GmbH
- H. Reynaud & Fils
- India Essential Oils
- Moksha Lifestyle Products
- Rocky Mountain Oils LLC
- Sydney Essential Oil Co. (SEOC)
- The Lebermuth Company
- Ungerer Limited
- Young Living Essential Oils
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