Asia Pacific Essential Oils Market Size & Outlook
Asia Pacific essential oils market, 2018-2030 (US$M)
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Asia Pacific essential oils market highlights
- The Asia Pacific essential oils market generated a revenue of USD 1,874.9 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, orange was the largest revenue generating product in 2023.
- Acorus Calamus is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,874.9 million |
| Market revenue in 2030 | USD 3,663.8 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Orange |
| Fastest growing segment | Acorus Calamus |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acorus Calamus, Ajowan, Basil, Black pepper, Cardamom, Carrot Seed, Cassia, Cedarwood, Celery, Cinnamon, Citronella, Clove, Cornmint, Cumin Seed, Curry Leaf, Cypriol, Davana, Dill Seed, Eucalyptus, Fennel, Frankincense, Garlic, Ginger, Holy Basil, Juniper Berry, Lemon, Lemongrass, Lime, Mace, Mustard, Neem, Nutmeg, Orange, Palmarosa, Pepper Mint, DMO, Rosemary, Spearmint, Turmeric, Vetiver, Ciz-3 Hexanol, Tea Tree |
| Key market players worldwide | Biolandes, Young Living, DoTERRA, New Zealand Energy Corp, Flavex Naturextrakte, Falcon Oil & Gas Ltd, Ungerer & Company |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 7.9% of the global essential oils market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,663.8 million by 2030.
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Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific essential oils market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to essential oils market will help companies and investors design strategic landscapes.
Orange was the largest segment with a revenue share of 8.17% in 2023. Horizon Databook has segmented the Asia Pacific essential oils market based on acorus calamus, ajowan, basil, black pepper, cardamom, carrot seed, cassia, cedarwood, celery, cinnamon, citronella, clove, cornmint, cumin seed, curry leaf, cypriol, davana, dill seed, eucalyptus, fennel, frankincense, garlic, ginger, holy basil, juniper berry, lemon, lemongrass, lime, mace, mustard, neem, nutmeg, orange, palmarosa, pepper mint, dmo, rosemary, spearmint, turmeric, vetiver, ciz-3 hexanol, tea tree covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific countries such as India, China and Indonesia are pioneers in the essential oils industry, and have emerged as the largest exporters of some of the most precious oils and extracts in the world such as champaca extract, jasmine extract, davana oil, frankincense oil, sandalwood oil, spice oils, etc.
The suitable weather conditions for agriculture, low cost labor, and ample availability of raw materials, are some of the factors acting as the driving forces for the growth of production in this region. Until the early 2000s, lack of awareness regarding the beneficial properties of these essential oils and high cost of the same were the factors hindering the market growth in the region.
However, the scenario seems to be changing and the region is projected to witness high product demand over the coming years owing to growing GDP of the developing countries in the region, burgeoning population, rise in the consumer disposal income, and increasing awareness regarding the beneficial properties of the essential oils.
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Target buyers of Asia Pacific essential oils market databook
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Our clientele includes a mix of essential oils market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific essential oils market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific essential oils market size, by country, 2018-2030 (US$M)
Asia Pacific Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
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