North America Essential Oils Market Size & 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 9.08% in 2023. Horizon Databook has segmented the North America 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.

North America emerged as the second-largest regional market in 2020. Flavors and fragrances are used in key end-use industries such as medical products and food & beverages to provide sensory appeal to the consumers. Essential oils are often used to prepare these flavor and fragrances.

The North America market is characterized by the strong presence of food & beverage and pharmaceutical industries as well as other end-users of flavor and fragrances. This has benefitted the market growth of essential oils in the region. The growing food & beverage industry has emerged as the major driving factor for the regional market.

Essential oils & floral extracts offer calming, stimulating, detoxifying, antidepressant, antibacterial, and antiviral properties, thereby aiding in improving the gut health and brain function along with balancing the hormone level in the human body. The use of oils such as rosemary, garlic, thyme, basil, and oregano is gaining popularity in food & beverage industry owing to their effectiveness in controlling the growth of bacteria in food products.