Middle East & Africa Essential Oils Market Size & Outlook
Middle East & Africa essential oils market, 2018-2030 (US$M)
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MEA essential oils market highlights
- The MEA essential oils market generated a revenue of USD 739.5 million in 2023.
- The market is expected to grow at a CAGR of 8.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 739.5 million |
| Market revenue in 2030 | USD 1,327.4 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Orange |
| Fastest growing segment | Acorus Calamus |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.1% 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 Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 7.13% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East and Africa essential oils market has been observing a remarkable growth since the past few years owing to increasing local demand for these oils. The demand for consumer goods is directly related to growing population and rising standard of living.
The regional market is likely to ascend at a healthy growth rate in the coming years owing to the presence of untapped market opportunities and ongoing developments in medical, food & beverage, and spa & relaxation industries.
Manufacturers of essential oils are focused on targeting retailers owing to the entrance and expansion of supermarkets & hypermarkets, which are creating selling space. This is likely to act as a launching platform for new products and expose essential oils products to a larger number of middle and high income consumers.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa essential oils market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa essential oils market
Middle East & Africa Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa essential oils market
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