Global Essential Oils Market

Essential Oils Market Size, Share, Growth Analysis, By Sales Channel(Direct selling and others), By Application(Medical, food & beverages, spa & relaxation), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30L2140 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 61 |Figures: 75

Essential Oils Market Insights

Essential Oils Market size was valued at USD 20.19 billion in 2019 and is poised to grow from USD 21.79 billion in 2023 to USD 40.12 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

The demand for essential oils is rising in the food and beverage, aromatherapy, fragrance, cosmetic, and personal care industries. These play a significant role in the flavoring and fragrance industries in addition to being used in the food processing and industrial seasoning industries. Orange and lemon essential oils are the most often used in the cosmeceutical industry because they give skin elasticity and firmness and heal stretch marks, acne, and scars. The antibacterial qualities of orange and lemon oils also make them excellent substances for hair and skin. Additionally, as customers become more aware of their health, they are drawn to organic foods and beverages that contain plant-based essential oils. The market is expected to grow over the duration of the forecast period as a result of rising demand for natural and organic products in the cosmetics, fragrance, thermal, and relaxation sectors due to a variety of health benefits.

Due to their antibacterial properties, essential oils play a vital part in the natural preservation of foods such as fish, meat, sweets, pickles, and dairy. The market for ethereal oils as a food processor has expanded due to rising customer preferences for natural products. Ethereal oils are essential components in the pharmaceutical industry for the manufacture of capsules and tablets because of their useful qualities. Additionally, the market is expanding due to the rising use of these oils in the pharmaceutical business. Terpenes, phenols, and terpenoids are among the molecules found in plant-based essential oils that are used to aid with health. These substances are crucial components of therapeutic medications. Additionally, a rise in the prevalence of dermatological, respiratory, and dental problems is expected to drive the potential market over the course of the research period. In the form of decongestants, expectorants, carminatives, and antibacterial agents, these are employed in the treatment of cough, bronchitis, and other respiratory illnesses. Additionally, these have been utilized as chemical preservatives, repellents, and odorants in paintings.

US Essential Oils Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 20.19 billion

Largest Segment

food & beverages

Fastest Growth

food & beverages

Growth Rate

7.9% CAGR

Global Essential Oils Market ($ Bn)
Country Share for Europe Region (%)
Country Share for Aisa Pacific Region (%)

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Essential Oils Market Segmental Analysis

Global essential oils market is segmented on the basis of sales channels, application and region. By sales channel, the market is segmented direct selling and others. By application, market is segmented into medical, food & beverages, spa & relaxation. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Essential Oils Market Analysis by Sales Channel

In 2021, other sales channels had the largest revenue share of 63.4%. Its significant proportion is related to the increased awareness of essential oil among consumers has given rise to greater retail sales, especially through convenience stores. However, major businesses have started using multi-level marketing techniques to grow their companies and boost revenue.

In addition to their existing over-the-counter sales, the majority of importers and wholesalers have created websites for online sales. As some sellers concentrate only on online sales to increase their geographic presence globally, the distribution routes for selling the products are expected to become more complicated. To increase sales, businesses reward distributors with attractive discounts and bonus plans. For instance, doTerra has 5 million consumers worldwide, 70% of them are wholesale customers. These platforms aid in broadening the audience for their offerings, raising awareness, and ultimately boosting revenue.

Essential Oils Market Analysis by Application

Spa & relaxation dominated the global market with the largest revenue share of 40.17% in 2021. Its high proportion is related to the changing lifestyle of consumers around the world. Food and beverage goods are preserved for a longer period of time using these oils' antimicrobial characteristics. Another important driving reason for the growth of this application area is the growing emphasis of food and beverage makers on enhancing product shelf life without compromising quality. The primary driver of the application scope of essential oils in food & beverage applications came as the global rise in demand for natural, secure, and minimally processed food products.

Essential oils are perfect for use in personal care products including cosmetics, toiletries, and fragrances like perfumes, body sprays, and air fresheners because of their pleasant aroma. According to their volatility, these are divided into base notes, middle notes, and top notes for use in perfume. Additionally, it is anticipated that rising consumer disposable incomes and awareness of the need of maintaining a healthy lifestyle would help fuel the market for perfumes made with essential oils.

In aromatherapy and other relaxing methods, these smells stimulate the senses. Essential oils with stress-relieving and brain-stimulating properties include chamomile, cedar wood, peppermint, rose, eucalyptus, sandalwood, tea tree, lavender, jasmine, rosemary, and lemon. Additionally, rosemary oil improves attention while lavender oil helps with migraines. Due to its use in stress-relieving treatments, personal care has become a significant market area within spa & relaxation in the global market. They are utilized in color cosmetics, makeup, and hair and skin care products. Additionally, these oils are utilized in soaps, shampoos, and baby goods as well as for cleaning the mouth, teeth, and gums.

Global Essential Oils Market By Application, 2023 (%)

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Essential Oils Market Regional Insights

In 2021, Europe had the largest revenue share (43.3%) in the global market. This is due to the region's large population and several undiscovered markets, which are anticipated to draw the attention of major players that will grow and create operations and distribution centers there. The expansion of the sector in Europe has benefited from the existence of groups like the European Federation of Essential Oils (EFEO). EFEO was established to advance and defend the interests of all parties involved in the market value chain. To change or create legislation pertaining to essential oils, the group is in dialogue with both the EU Parliament and the European Commission. Such factors have helped the region's market to grow. The dominant market position held by Europe in this sector is mostly due to the ease of obtaining feedstock and the presence of numerous industry players. Key end-user sectors are developing as a result of numerous reasons, including early developed economies and the increased level of living.

Asia Pacific countries such as India, China, and Indonesia are industry pioneers and have emerged as the world's leading exporters of some of the world's most valuable oils and extracts such as champagne extract, jasmine extract, davana oil, frankincense oil, sandalwood oil, spice oils, and so on. The favorable agricultural weather, the affordable labor force, and the plentiful supply of raw materials are just a few of the elements that are propelling the expansion of industry in this region.

Global Essential Oils Market By Region, 2024-2031

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Essential Oils Market Dynamics

Essential Oils Market Drivers

Aromatherapy is gaining popularity

  • Natural oils and plant extracts are used in aromatherapy, a therapeutic procedure, to support health and well-being. In aromatherapy, essential oils are used to boost physical and emotional well-being by enhancing the health of the body, spirit, and mind. Aromatic plant extracts in the form of balms, oils, and resins have been utilized for therapeutic and religious purposes for ages in nations like India, Egypt, and China. Demand for aromatherapy has increased due to a number of variables, including how well it manages pain, enhances sleep, and lowers tension, anxiety, and agitation. Additionally, an increase in wealth has caused customers' preferences for high-end products to change, which is expected to drive market expansion over the forecast period. Additionally, there is a growing market to restore mental, physical, and emotional health as a result of the popularity of massage and aromatherapy.

Essential Oils Market Restraints

Limited raw material availability

  • Plants are used to extract essential oils, which are gradually running out due to population growth, urbanization, and industrialization. To accommodate the growing population, more trees are being cut down, which has resulted in deforestation. These are concentrated and produce a small amount. For instance, one pound of jasmine oil requires about 200 kg of jasmine blossoms. As a result, a lot of raw materials are needed to produce a limited amount of high-quality essential oils, which is limiting the market's expansion.

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Essential Oils Market Competitive Landscape

The global essential oil market is highly fragmented, with a large number of small and medium-sized players operating in the market. However, there are several key players that dominate the market. These companies have a strong presence in the market and are known for offering a wide range of high-quality essential oils. In addition, they invest heavily in R&D and product development to stay ahead of the competition. Overall, the market is highly competitive, with new players entering the market regularly. As the market continues to grow, companies will need to differentiate themselves through product innovation, quality, and branding to maintain their competitive edge.

Essential Oils Market Top Player’s Company Profiles

  • doTERRA International LLC
  • Young Living Essential Oils
  • Robertet SA
  • Givaudan SA
  • Symrise AG
  • Firmenich SA
  • International Flavors & Fragrances Inc.
  • Takasago International Corporation
  • Mane SA
  • Sensient Technologies Corporation
  • Mountain Rose Herbs
  • NOW Foods
  • Biolandes
  • Ungerer & Company
  • Citrus and Allied Essences Ltd.
  • Frutarom Industries Ltd.
  • Edens Garden
  • Rocky Mountain Oils
  • Plant Therapy
  • Floracopeia

Essential Oils Market Recent Developments

  • In July 2022, doTERRA is rapidly expanding into India. Since the essential oils used by doTERRA are derived from places like India, Asia Pacific, the Middle East, and Africa, having a business presence there makes sense strategically for the company's expansion worldwide.
  • In February 2022, Givaudan acquired Myrissi (France). Myrissi's expertise in Al would assist Givaudan in suggesting novel organoleptic methods to customers, enabling Givaudan's long-term Fragrance & Beauty strategy.
  • In September 2021, MANE KANCOR's Angamaly Innovation Center launched, concentrating on advancements in natural shelf-life solutions, natural color solutions, culinary flavor solutions, personal care ingredients, and nutraceutical products.
  •  In July 2021, Sensient's flavor portfolio was expanded with the acquisition of Flavor Solutions, Inc. (US), which included the inclusion of savory response flavors, natural shelf-life extender technologies, and additional sweetness boosting and salt reduction taste-modulation technology platforms.

Essential Oils Key Market Trends

  • Growing demand for natural and organic products: Consumers are increasingly seeking natural and organic products, and essential oils are seen as a viable alternative to synthetic fragrances and flavors.
  • Increasing popularity of aromatherapy: Aromatherapy is gaining popularity as a form of complementary and alternative medicine, which is driving the demand for essential oils.
  • Rising interest in holistic healing: The trend towards holistic healing is driving the demand for essential oils, as they are believed to offer a range of health benefits.
  • Growing demand from the personal care industry: Essential oils are widely used in the personal care industry, particularly in skincare and hair care products, due to their natural and beneficial properties.
  • Increasing popularity of e-commerce: The rise of e-commerce has made it easier for consumers to access a wider variety of essential oils from different parts of the world.
  • Demand for premium and exotic essential oils: There is a growing demand for premium and exotic essential oils, particularly from emerging markets, as consumers seek unique and high-quality products.
  • Technological advancements in production processes: Advances in technology and production processes have enabled essential oil manufacturers to produce high-quality oils more efficiently and cost-effectively, driving down prices and increasing availability.

Essential Oils Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our essential oils market analysis, the market is a rapidly growing industry that is driven by the increasing popularity of natural and organic products, as well as the rising demand for aromatherapy and holistic healing. These are widely used in the personal care industry, particularly in skincare and hair care products, due to their natural and beneficial properties. As the demand for natural and organic personal care products continues to rise, the market is expected to experience steady growth. Aromatherapy is gaining popularity as a form of complementary and alternative medicine, which is driving the demand for essential oils. These are believed to offer a range of health benefits, including stress relief, relaxation, and pain relief, which are driving the growth of the market. The rise of e-commerce has made it easier for consumers to access a wider variety of essential oils from different parts of the world. This has expanded the market, as consumers are able to purchase these oils that were previously difficult to find. Advances in technology and production processes have enabled essential oil manufacturers to produce high-quality oils more efficiently and cost-effectively, driving down prices and increasing availability. This has made these oils more accessible to a wider range of consumers, driving the growth of the market. Overall, the market is a highly competitive and dynamic industry, with a wide range of players operating in the market. As the market continues to grow, companies will need to differentiate themselves through product innovation, quality, and branding to maintain their competitive edge.

Report Metric Details
Market size value in 2023 USD 20.19 billion
Market size value in 2031 USD 40.12 billion
Growth Rate 7.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Sales Channel
    • Direct selling and others
  • Application
    • Medical, food & beverages, spa & relaxation
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • doTERRA International LLC
  • Young Living Essential Oils
  • Robertet SA
  • Givaudan SA
  • Symrise AG
  • Firmenich SA
  • International Flavors & Fragrances Inc.
  • Takasago International Corporation
  • Mane SA
  • Sensient Technologies Corporation
  • Mountain Rose Herbs
  • NOW Foods
  • Biolandes
  • Ungerer & Company
  • Citrus and Allied Essences Ltd.
  • Frutarom Industries Ltd.
  • Edens Garden
  • Rocky Mountain Oils
  • Plant Therapy
  • Floracopeia
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Essential Oils Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Essential Oils Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Essential Oils Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Essential Oils Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Essential Oils Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Essential Oils Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Essential Oils Market size was valued at USD 20.19 billion in 2019 and is poised to grow from USD 21.79 billion in 2023 to USD 40.12 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

The essential oil market is highly fragmented, with a large number of small and medium-sized players operating in the market. However, there are several key players that dominate the market. These companies have a strong presence in the market and are known for offering a wide range of high-quality essential oils. In addition, they invest heavily in R&D and product development to stay ahead of the competition. Overall, the market is highly competitive, with new players entering the market regularly. As the market continues to grow, companies will need to differentiate themselves through product innovation, quality, and branding to maintain their competitive edge. 'doTERRA International LLC', 'Young Living Essential Oils', 'Robertet SA', 'Givaudan SA', 'Symrise AG', 'Firmenich SA', 'International Flavors & Fragrances Inc.', 'Takasago International Corporation', 'Mane SA', 'Sensient Technologies Corporation', 'Mountain Rose Herbs', 'NOW Foods', 'Biolandes', 'Ungerer & Company', 'Citrus and Allied Essences Ltd.', 'Frutarom Industries Ltd.', 'Edens Garden', 'Rocky Mountain Oils', 'Plant Therapy', 'Floracopeia'

Natural oils and plant extracts are used in aromatherapy, a therapeutic procedure, to support health and well-being. In aromatherapy, essential oils are used to boost physical and emotional well-being by enhancing the health of the body, spirit, and mind. Aromatic plant extracts in the form of balms, oils, and resins have been utilized for therapeutic and religious purposes for ages in nations like India, Egypt, and China. Demand for aromatherapy has increased due to a number of variables, including how well it manages pain, enhances sleep, and lowers tension, anxiety, and agitation. Additionally, an increase in wealth has caused customers' preferences for high-end products to change, which is expected to drive market expansion over the forecast period. Additionally, there is a growing market to restore mental, physical, and emotional health as a result of the popularity of massage and aromatherapy.

Growing demand for natural and organic products: Consumers are increasingly seeking natural and organic products, and essential oils are seen as a viable alternative to synthetic fragrances and flavors.

In 2021, Europe had the largest revenue share (43.3%) in the market. This is due to the region's large population and several undiscovered markets, which are anticipated to draw the attention of major players that will grow and create operations and distribution centers there. The expansion of the sector in Europe has benefited from the existence of groups like the European Federation of Essential Oils (EFEO). EFEO was established to advance and defend the interests of all parties involved in the market value chain. To change or create legislation pertaining to essential oils, the group is in dialogue with both the EU Parliament and the European Commission. Such factors have helped the region's market to grow. The dominant market position held by Europe in this sector is mostly due to the ease of obtaining feedstock and the presence of numerous industry players. Key end-user sectors are developing as a result of numerous reasons, including early developed economies and the increased level of living.

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Global Essential Oils Market

Product ID: SQMIG30L2140

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