USD 5.04 Bn growth opportunity in Essential Oil Market -- Europe to emerge as a major market

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The "Essential Oil Market by Application and Geography - Forecast and Analysis 2021-2025" report by Technavio expects the market size to grow by USD 5.04 billion between 2020 and 2025. The market observed a YOY growth of 8.69% in 2021 and the growth momentum is expected to accelerate at a CAGR of 8.94% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download Sample PDF Report Here

The market is fragmented due to the presence of many regional and international vendors. Key vendors in the market are focusing on new product launches to expand their share and increase sales. For instance, in October 2020, doTERRA International LLC launched new essential oil products and diffusers, including three new wellness programs designed to help people focus on their specific health goals. The market is a dynamic threat of rivalry in the market is expected to increase during the forecast period.

The health benefits of essential oils have been instrumental in driving the growth of the market. However, the increasing availability of counterfeit products might reduce the growth opportunities of vendors. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also must leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Technavio identifies Aromaaz International, Bath and Body Works Direct Inc., Biolandes Aromes SAS, doTERRA International LLC, Frontier Co-op, H. Reynaud and Fils, NOW Health Group Inc., Sydney Essential Oil Co. Pty Ltd., The Lebermuth Co. Inc., and Young Living Essential Oils as major market participants.

The essential oil market is segmented as below:

  • Application
    • Food and Beverages
    • Recreation
    • Others

The food and beverages segment held the largest share of the market in 2021. The segment is experiencing an increase in the application of essential oils as consumers are becoming more health-conscious and seek products that contain natural ingredients. The market growth in the segment will be significant during the forecast period.

  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • MEA

37% of the market growth will originate from Europe during the forecast period. The region is observing high demand for essential oils due to various health benefits and multiple applications across multiple industries such as pharmaceutical, cosmetics, and food and beverages. In addition, the increasing demand for aromatherapy products in Europe is contributing to the growth of the regional market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. View Sample Report Now

Essential Oil Market 2021-2025: Key Highlights
  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist essential oil market growth during the next five years
  • Estimation of the essential oil market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the essential oil market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the essential oil market vendors
Related Reports:

Essential Oil Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.94%

Market growth 2021-2025

USD 5.04 billion

Market structure

Fragmented

YoY growth (%)

8.69

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 37%

Key consumer countries

US, Germany, The Netherlands, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aromaaz International, Bath and Body Works Direct Inc., Biolandes Aromes SAS, doTERRA International LLC, Frontier Co-op, H. Reynaud and Fils, NOW Health Group Inc., Sydney Essential Oil Co. Pty Ltd., The Lebermuth Co. Inc., and Young Living Essential Oils

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Packaged Foods and Meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five Forces Summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 15: Application - Market share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 16: Comparison by Application
  • 5.3 Food and beverages - Market size and forecast 2020-2025
    • Exhibit 17: Food and beverages - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Food and beverages - Year-over-year growth 2020-2025 (%)
  • 5.4 Recreation - Market size and forecast 2020-2025
    • Exhibit 19: Recreation - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Recreation - Year-over-year growth 2020-2025 (%)
  • 5.5 Others - Market size and forecast 2020-2025
    • Exhibit 21: Others - Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Others - Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Application
    • Exhibit 23: Market opportunity by Application

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 25: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 26: Geographic comparison
  • 7.3 Europe - Market size and forecast 2020-2025
    • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
  • 7.4 North America - Market size and forecast 2020-2025
    • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
  • 7.5 APAC - Market size and forecast 2020-2025
    • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
  • 7.6 South America - Market size and forecast 2020-2025
    • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
  • 7.7 MEA - Market size and forecast 2020-2025
    • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 37: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 38: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 39: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 40: Vendor landscape
  • 9.3 Landscape disruption
    • Exhibit 41: Landscape disruption
    • Exhibit 42: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 44: Market positioning of vendors
  • 10.3 Aromaaz International
    • Exhibit 45: Aromaaz International - Overview
    • Exhibit 46: Aromaaz International - Product and service
    • Exhibit 47: Aromaaz International - Key offerings
  • 10.4 Bath and Body Works Direct Inc.
    • Exhibit 48: Bath and Body Works Direct Inc. - Overview
    • Exhibit 49: Bath and Body Works Direct Inc. - Product and service
    • Exhibit 50: Bath and Body Works Direct Inc. - Key offerings
  • 10.5 Biolandes Aromes SAS
    • Exhibit 51: Biolandes Aromes SAS - Overview
    • Exhibit 52: Biolandes Aromes SAS - Product and service
    • Exhibit 53: Biolandes Aromes SAS - Key offerings
  • 10.6 doTERRA International LLC
    • Exhibit 54: doTERRA International LLC - Overview
    • Exhibit 55: doTERRA International LLC - Product and service
    • Exhibit 56: doTERRA International LLC - Key offerings
  • 10.7 Frontier Co-op
    • Exhibit 57: Frontier Co-op - Overview
    • Exhibit 58: Frontier Co-op - Product and service
    • Exhibit 59: Frontier Co-op - Key offerings
  • 10.8 H. Reynaud and Fils
    • Exhibit 60: H. Reynaud and Fils - Overview
    • Exhibit 61: H. Reynaud and Fils - Product and service
    • Exhibit 62: H. Reynaud and Fils - Key offerings
  • 10.9 NOW Health Group Inc.
    • Exhibit 63: NOW Health Group Inc. - Overview
    • Exhibit 64: NOW Health Group Inc. - Product and service
    • Exhibit 65: NOW Health Group Inc. - Key offerings
  • 10.10 Sydney Essential Oil Co. Pty Ltd.
    • Exhibit 66: Sydney Essential Oil Co. Pty Ltd. - Overview
    • Exhibit 67: Sydney Essential Oil Co. Pty Ltd. - Product and service
    • Exhibit 68: Sydney Essential Oil Co. Pty Ltd. - Key offerings
  • 10.11 The Lebermuth Co. Inc.
    • Exhibit 69: The Lebermuth Co. Inc. - Overview
    • Exhibit 70: The Lebermuth Co. Inc. - Product and service
    • Exhibit 71: The Lebermuth Co. Inc. - Key offerings
  • 10.12 Young Living Essential Oils
    • Exhibit 72: Young Living Essential Oils - Overview
    • Exhibit 73: Young Living Essential Oils - Product and service
    • Exhibit 74: Young Living Essential Oils - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 75: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 76: Research Methodology
    • Exhibit 77: Validation techniques employed for market sizing
    • Exhibit 78: Information sources
  • 11.4 List of abbreviations
    • Exhibit 79: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
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