Europe Essential Oils Market Size & Outlook, 2023-2030

The essential oils market in Europe is expected to reach a projected revenue of US$ 20,639.4 million by 2030. A compound annual growth rate of 8.4% is expected of Europe essential oils market from 2024 to 2030.
Revenue, 2023 (US$M)
$11,716.8
Forecast, 2030 (US$M)
$20,639.4
CAGR, 2024 - 2030
8.4%
Report Coverage
Europe

Europe essential oils market highlights

  • The Europe essential oils market generated a revenue of USD 11,716.8 million in 2023.
  • The market is expected to grow at a CAGR of 8.4% 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.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 11,716.8 million
Market revenue in 2030USD 20,639.4 million
Growth rate8.4% (CAGR from 2023 to 2030)
Largest segmentOrange
Fastest growing segmentAcorus Calamus
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, Europe region accounted for 49.4% 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 Companies

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Europe 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 8.79% in 2023. Horizon Databook has segmented the Europe 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.


Europe was the dominating region and accounted for 49.18% of the total market revenue share in 2020. The strong presence of food & beverage industry in the region, coupled with high disposable income and high standards of living, has contributed positively to the essential oil industry growth. Cosmetics is a major application segment of essential oils.

The rising demand for chemical-free cosmetics in Europe has forced cosmetic manufacturers to utilize essential oils as a substitute for conventional chemicals. These trends are benefitting the regional demand. The region is characterized by a high obesity rate, which, in turn, is driving the health care industry. Pharmaceutical and nutraceutical sectors account for a major share in terms of the consumption of essential oils.

Ongoing advancements in the medical industry across the region are projected to boost the growth of essential oils & floral extracts market in Europe over the coming years. In Europe, aromatherapy is a major application of essential oils. France, Austria, Germany, and Switzerland are the major markets for aromatherapy, which is used for therapeutic purposes. The Netherlands and the UK are other significant markets for aromatherapy.

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Target buyers of Europe 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 continent-level data and insights on the Europe essential oils market , including forecasts for subscribers. This continent databook contains high-level insights into Europe essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe essential oils market size, by country, 2018-2030 (US$M)

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

Europe essential oils market size, by country, 2018-2030 (US$M)

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