Market revenue in 2023 | USD 356.0 million |
Market revenue in 2030 | USD 642.2 million |
Growth rate | 8.8% (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 8.23% in 2023. Horizon Databook has segmented the Japan 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.
Japan is a mature market for essential oils. It is well-known for its revolutionary mindset coupled with a rich cultural tradition. Companies are heavily focusing on creating products to satisfy individual needs and preferences of the growing consumer base. In 2020, spa & relaxation emerged as one of the major application segments of essential oils market in Japan.
Tea infused with essential oil aroma are gaining popularity in Japan as essential oils are known to have some excellent health benefits such as the balancing of hormones, improvement in brain function, reduction of anxiety & emotional stress, and improved hair & skin health. Green, black, blend, oolong, and FOSHU are some of the most popular teas approved by the Ministry of Health, Labor, and Welfare. Further, increasing prevalence of health issues, rising awareness regarding the benefits of essential oils are factors projected to propel the demand for essential oils in the country over the coming years.
Growing aging population in the country is boosting the demand for essential oils, which is projected to drive the market across the region. Other major end-use industries such as cosmetics and personal care are increasingly utilizing essential oils to improve the sensory appeal and product value. These oils are believed to tighten and firm the skin, promote elasticity, and treat acne, dermatitis, and stretch marks. They also contribute to improving the hair and nails, thus boosting their appeal among women consumers.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan essential oils market , including forecasts for subscribers. This country databook contains high-level insights into Japan essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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