Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Essential Oils Market Surges to USD 40.12 Billion by 2030, Propelled by 7.9% CAGR - Verified Market Reports®


News provided by

Verified Market Reports

23 Aug, 2024, 14:15 GMT

Share this article

Share toX

Share this article

Share toX

The essential oils market is growing due to increased consumer demand for natural and organic products in aromatherapy, personal care, and food and beverage industries. However, growth is restrained by high production costs, limited raw material availability, and stringent regulations. Supply chain complexities and raw material price fluctuations also challenge the market. Despite these hurdles, advancements in extraction technologies and new applications present opportunities. The popularity of essential oils in emerging markets and DIY home remedies is expected to drive further growth.

LEWES, Del., Aug. 23, 2024 /PRNewswire/ -- The Global Essential Oils Market is projected to grow at a CAGR of 7.9% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 23.3 Billion in 2023 and is expected to reach USD 40.12 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=31712

Continue Reading
This image opens in the lightbox
Verified Market Reports Logo

Browse in-depth TOC on Essential Oils Market

202 - Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2021-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

DoTERRA, Edens Garden, Radha Beauty, Majestic Pure, Now Foods, ArtNaturals, Healing Solutions, Rocky Mountain, Plant Therapy, Mountain Rose Herbs.

SEGMENTS COVERED

By Type, By Application, By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Global Essential Oils Market Overview

Market Drivers Fueling Growth in the Essential Oils Market

Rising Consumer Demand for Natural Products: The increasing preference for natural and organic products is driving the growth of the essential oils market. Consumers are becoming more health-conscious and are seeking alternatives to synthetic chemicals in personal care, food, and health products. Essential oils, known for their therapeutic properties, are gaining popularity in aromatherapy, skincare, and food and beverage applications.

Expansion in the Food and Beverage Industry: The food and beverage industry is increasingly incorporating essential oils as natural flavoring agents. With a growing demand for clean-label products, manufacturers are opting for essential oils to enhance flavor and aroma without artificial additives. This trend is particularly strong in the natural and organic segments, where consumers are willing to pay a premium for products that align with their health and wellness goals.

Increasing Applications in the Pharmaceutical and Cosmetic Industries: Essential oils are finding expanding applications in the pharmaceutical and cosmetic industries due to their antimicrobial, anti-inflammatory, and antioxidant properties. In the pharmaceutical sector, they are being used in the formulation of natural remedies and supplements, while in cosmetics, they are key ingredients in skincare, haircare, and personal care products. The growing awareness of the benefits of essential oils in these industries is fueling market growth.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketreports.com/download-sample/?rid=31712

Market Restraints Limiting Expansion in the Essential Oils Market

High Production Costs: The production of essential oils is often costly due to the extensive labor, time, and resources required. Extracting essential oils involves large quantities of raw materials, and the process of distillation or cold pressing can be expensive. These high production costs lead to higher prices for essential oils, making them less accessible to a broader consumer base, which in turn limits market expansion.

Stringent Regulatory Standards: The essential oils market is subject to strict regulatory standards, particularly in regions like Europe and North America. These regulations are designed to ensure the safety, purity, and efficacy of essential oils, but they can also create barriers for new entrants and small-scale producers. Compliance with these standards requires significant investment in testing and quality control, which can slow down market growth.

Limited Availability of Raw Materials: The availability of raw materials for essential oil production is often dependent on geographical and climatic conditions. Many essential oil plants are cultivated in specific regions, making the supply chain vulnerable to disruptions caused by adverse weather, environmental changes, or geopolitical issues. This limited availability can lead to supply shortages and price volatility, hindering the consistent growth of the market.

Geographic Dominance

The global essential oils market is characterized by significant geographic dominance, with different regions leading in production, consumption, and exportation. North America, particularly the United States, is a major consumer and market driver due to high demand in the food and beverage, personal care, and pharmaceutical industries. Europe, especially countries like France and Germany, holds a substantial share due to the region's strong tradition in aromatherapy and natural cosmetics.

The Asia-Pacific region, led by India and China, is rapidly growing, driven by increasing consumer awareness of natural products and expanding applications in food, cosmetics, and wellness industries. Latin America, with Brazil at the forefront, is becoming a key producer due to the abundance of raw materials and favorable climatic conditions. Meanwhile, the Middle East and Africa are emerging markets, showing potential due to rising disposable incomes and the traditional use of essential oils in cultural practices. Overall, the market's geographic dominance reflects a blend of established markets and emerging regions, each contributing uniquely to the industry's growth trajectory.

Essential Oils Market Key Players Shaping the Future

Major players, including DoTERRA, Edens Garden, Radha Beauty, Majestic Pure, Now Foods, ArtNaturals, Healing Solutions, Rocky Mountain, Plant Therapy, Mountain Rose Herbs. and more, play a pivotal role in shaping the future of the Essential Oils Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.

Essential Oils Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Essential Oils Market into Type, Application and Geography.

  • Essential Oils Market, By Type
    • Compound Essential Oil
    • Unilateral Essential Oil
  • Essential Oils Market, by Application
    • Beauty Agencies
    • Personal Care
  • Essential Oils Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Global Oilseed Extraction Equipment Market By Type (Conventional Extraction, Ultrasonic Extraction), By Application (High Oil Content Seed Extraction, Low Oil Content Seed Extraction), By Geographic Scope And Forecast

Global Oils and Fats Market By Type (Edible Vegetable Oils, Palm Oils), By Application (Food, Industrial), By Geographic Scope And Forecast

Global Oilseed and Grain Seed Market By Type (Oilseed, Grain Seed), By Application (Food, Feed), By Geographic Scope And Forecast

Global Oilseeds Market By Type (Copra, Cottonseed), By Application (Edible oil, Animal feed), By Geographic Scope And Forecast

Exploring the Organic Essential Oils Market: Nurturing Nature

About Us

Verified Market Reports® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports' domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports' dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Reports®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketreports.com 
Web: https://www.verifiedmarketreports.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2486715/VM_Reports.jpg

Modal title

Also from this source

Generator Market Surges to USD 32.1 Billion by 2033, Propelled by 5.3% CAGR - Verified Market Reports®

Generator Market Surges to USD 32.1 Billion by 2033, Propelled by 5.3% CAGR - Verified Market Reports®

The Global Generator Market is projected to grow at a CAGR of 5.3% from 2026 to 2033, according to a new report published by Verified Market Reports®....

Car Rental Market Surges to USD 92.69 Billion by 2033, Propelled by 7.5% CAGR - Verified Market Reports®

Car Rental Market Surges to USD 92.69 Billion by 2033, Propelled by 7.5% CAGR - Verified Market Reports®

The Global Car Rental Market is projected to grow at a CAGR of 7.5% from 2026 to 2033, according to a new report published by Verified Market...

More Releases From This Source

Explore

Household, Consumer & Cosmetics

Household, Consumer & Cosmetics

Retail

Retail

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.