Canada Essential Oils Market Size & Outlook, 2023-2030
Canada essential oils market, 2018-2030 (US$M)
Related Markets
Canada essential oils market highlights
- The Canada essential oils market generated a revenue of USD 342.7 million in 2023 and is expected to reach USD 463.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% 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.
Essential oils market data book summary
| 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 |
Other key industry trends
- In terms of revenue, Canada accounted for 1.4% of the global essential oils market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. essential oils market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,523.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 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.
Reasons to subscribe to Canada essential oils market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada essential oils market databook
-
Our clientele includes a mix of essential oils market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 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.
Partial client list
Canada essential oils market size, by product, 2018-2030 (US$M)
Canada Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
