Canada Essential Oils Market Size & Outlook, 2023-2030

The essential oils market in Canada is expected to reach a projected revenue of US$ 463.8 million by 2030. A compound annual growth rate of 4.4% is expected of Canada essential oils market from 2024 to 2030.
Revenue, 2023 (US$M)
$342.7
Forecast, 2030 (US$M)
$463.8
CAGR, 2024 - 2030
4.4%
Report Coverage
Canada

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 2023USD 342.7 million
Market revenue in 2030USD 463.8 million
Growth rate4.4% (CAGR from 2023 to 2030)
Largest segmentOrange
Fastest growing segmentAcorus Calamus
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAcorus 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 worldwideBiolandes, 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.

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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:

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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.

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Canada essential oils market size, by product, 2018-2030 (US$M)

Canada Essential Oils Market Outlook Share, 2023 & 2030 (US$M)

Canada essential oils market size, by product, 2018-2030 (US$M)

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