Market revenue in 2023 | USD 9,255.1 million |
Market revenue in 2030 | USD 17,445.5 million |
Growth rate | 9.5% (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 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.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America essential oils market , including forecasts for subscribers. This continent databook contains high-level insights into North America essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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