Germany Essential Oils Market Size & Outlook, 2023-2030
Germany essential oils market, 2018-2030 (US$M)
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Germany essential oils market highlights
- The Germany essential oils market generated a revenue of USD 3,007.4 million in 2023 and is expected to reach USD 5,613.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.3% 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 3,007.4 million |
| Market revenue in 2030 | USD 5,613.8 million |
| Growth rate | 9.3% (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, Germany accounted for 12.7% 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 Europe, Germany essential oils market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 5,613.8 million by 2030.
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Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 8.94% in 2023. Horizon Databook has segmented the Germany 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.
The German economy is considered as a diverse economy and is the largest economy in Europe. Growth in the GDP and expanding population are projected to boost the growth of various sectors including food & beverage, medical services, and spa, which are the key end users of essential oils. Germany plays a significant role in the production of essential oils across Europe.
The country has an established extraction sector, which involves the use of high-tech extraction processes (supercritical extraction) for producing superior quality essential oils. Increasing revenue is attracting the attention of various global players to establish and expand their operations and distribution facilities in Germany.
Increasing competitiveness in the country owing to the rising number of market players is projected to drive essential oils & floral extracts market over the forecast period. The widening application of essential oils in novel applications is favoring the market’s growth in Germany.
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Target buyers of Germany 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 country-level data and insights on the Germany essential oils market , including forecasts for subscribers. This country databook contains high-level insights into Germany essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany essential oils market size, by product, 2018-2030 (US$M)
Germany Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
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