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 |
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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 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.
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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