Market revenue in 2023 | USD 342.7 million |
Market revenue in 2030 | USD 463.8 million |
Growth rate | 4.4% (CAGR from 2023 to 2030) |
Largest segment | Orange |
Fastest growing segment | Acorus Calamus |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 9.05% in 2023. Horizon Databook has segmented the Canada 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.
In Canada, there has been a rise in the demand for some oil-based self-care practices in the recent past, boosting the growth prospects of the essential oil market. Companies in the country are adopting novel strategies to increase their market share. Introduction of new product lines, identification of new application prospects, emphasis on manufacturing process optimization, and distinctive packaging and labeling are some of the strategies being adopted by Canadian companies.
The country benefits from the presence of a well-developed agriculture sector owing to the abundant availability of natural resources including diverse plants, freshwater, and marine & animal life. Due to the inherent benefits offered by essential oils and the rising awareness regarding the same in Canada, the oils are increasingly being consumed by households or individual customers. The increasing demand for essential oil-infused food & beverage products is also contributing to the overall market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada essential oils market , including forecasts for subscribers. This country databook contains high-level insights into Canada essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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