Mexico Essential Oils Market Size & Outlook, 2023-2030
Mexico essential oils market, 2018-2030 (US$M)
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Mexico essential oils market highlights
- The Mexico essential oils market generated a revenue of USD 295.3 million in 2023 and is expected to reach USD 458.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.5% 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 295.3 million |
| Market revenue in 2030 | USD 458.1 million |
| Growth rate | 6.5% (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, Mexico accounted for 1.2% 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 North America, U.S. essential oils market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,523.5 million by 2030.
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Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 9.01% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is an important market for essential oils & floral extracts in North America region. The country is the second largest lemon producer and holds a significant share in lime and orange production across the globe. Southeast and Southwest regions of Mexico are the major lemon producers. Oaxaca, Guerrero, and Jalisco, among others, are several major lemon producing states in the country.
Orange production in Mexico has witnessed a sharp increase in the past couple of years. Tamaulipas is the major orange producing state of Mexico. However, excessive moisture and presence of pests have caused the death of many orange trees in past few years. Mexico lemon industry is dominated by processors, as the processors hold around 50% of the lemon plantation across the country.
The dominating position of processors in plantation provides them control over the lemon supply for the production of essential oils, thus reducing the dependence on fresh fruit market for the extraction of essential oils.
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Target buyers of Mexico 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 Mexico essential oils market , including forecasts for subscribers. This country databook contains high-level insights into Mexico essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico essential oils market size, by product, 2018-2030 (US$M)
Mexico Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
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