Essential Oils Market Size, Share & Growth Analysis Report, 2024–2033

The global Essential oils market size was valued at USD 13.2 Billion in 2024 and is projected to reach USD 25.2 Billion by 2033. It is expected to grow at a CAGR of 8.4% during the forecast period from 2025 to 2033. The market is dominantly led by Europe, which held over 49.4% share in 2024, driven by strong demand across personal care, food, and aromatherapy sectors. The rising consumer preference for organic and natural products fuels the broad adoption of essential oils. 

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Essential Oils Market Key Takeaways

• Current Market Size: USD 13.2 Billion in 2024
• CAGR: 8.4%
• Forecast Period: 2025-2033
• Europe dominates the market with over 49.4% share as of 2024, powered by high demand in personal care, food & beverages, and aromatherapy.
• Tea tree oil is the largest product segment, favored for antimicrobial and skincare applications.
• Spa and relaxation hold around 46.5% market share by application, driven by wellness and stress relief trends.
• Offline stores lead the sales channel segment with approximately 45.0% market share.
• The United States holds a 93.2% share of the North American market, boosted by wellness and organic product demand.

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Market Growth Factors

The global essential oils market is primarily driven by a growing customer inclination towards organic and natural products, supported by increasing awareness of health benefits. Consumers are shifting preferences away from synthetic alternatives towards natural ingredients, which is evident from increasing applications in aromatherapy, personal care, and cosmetics. For instance, approximately 54% of customers prefer skincare products with transparent ingredient lists, with about 35% seeking plant-based components.

The therapeutic and medicinal uses of essential oils also significantly propel market growth. Essential oils like tea tree oil have gained prominence for treating skin ailments such as acne, with expected demand nearing 8 kilotons by 2024. The adoption of aromatherapy and wellness routines in spas and homes boosts the usage of essential oils for mental and physical well-being. Scientific research efforts validating their efficacy further encourage incorporation in healthcare settings.

Favorable government policies and regulatory support catalyze the market expansion. Authorities are promoting natural, organic, and ethically sourced products by instituting certifications, quality controls, and labeling transparency. Governments provide incentives and funding to producers encouraging sustainable farming and ethical ingredient sourcing. Additionally, the regulatory framework ensures safety and integrity, bolstering consumer trust and fostering innovation aligned with the global shift towards eco-friendly living.

Market Segmentation

By Product:

• Cedarwood Oil
• Eucalyptus Oil
• Lavender Oil
• Lemongrass Oil
• Rosemary Oil
• Tea Tree Oil
• Ylang Ylang Oil
• Others

Tea tree oil leads the product segment, valued for antimicrobial, anti-inflammatory, and skincare properties. It is widely used in personal care, cosmetics, pharmaceuticals, and aromatherapy, especially in developed regions emphasizing chemical-free solutions.

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
• Cleaning: Kitchen Cleaners, Floor Cleaners, Bathroom Cleaner, Others
• Others

Spa and relaxation constitute roughly 46.5% of the market share as of 2024. This segment is propelled by consumers’ focus on wellness, stress management, and holistic health, enhanced by rising spa services and at-home treatments.

By Sales Channel:

• Offline Stores
• Online Stores

Offline stores dominate with around 45.0% market share in 2024. They provide direct product access, personalized service, and build consumer trust through brick-and-mortar experiences.

By Region:

• Asia Pacific
• Europe
• North America
• Latin America
• Middle East and Africa

Regional Insights

Europe holds the largest market share at over 49.4% in 2024, driven by strong demand within personal care, food and beverages, and aromatherapy industries. The region benefits from a well-established consumer base with preferences for natural and organic products, supported by strict regulations favoring sustainable practices. Countries such as Germany, France, and the UK significantly contribute, with the UK’s essential oil imports rising by £6.82 million (46.9%) between August 2023 and August 2024.

Recent Developements & News

• October 2024: Tholi Oil (Omaha-based) launched a campaign to raise USD 77,000 for essential oils-infused sandals production.
• July 2024: Young Living marked its 30th anniversary at the YL30 International Grand Convention in Salt Lake City, unveiling new products and renewing wellness commitments.
• October 2023: Azelis acquired BLH SAS, a French distributor of premium fragrance ingredients, expanding its essential oils and natural ingredients portfolio.
• May 2023: Young Living introduced Season Essentials™ and Red Cedar Bliss™ blends, focusing on wellness and immunity support.
• January 2023: PT Indika Energy Tbk expanded into essential oils by acquiring a 46% stake in PT Natura Aromatik Nusantara 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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