Singapore Essential Oils Market Size & Outlook, 2023-2030

The essential oils market in Singapore is expected to reach a projected revenue of US$ 155.9 million by 2030. A compound annual growth rate of 9.7% is expected of Singapore essential oils market from 2024 to 2030.
Revenue, 2023 (US$M)
$81.4
Forecast, 2030 (US$M)
$155.9
CAGR, 2024 - 2030
9.7%
Report Coverage
Singapore

Singapore essential oils market highlights

  • The Singapore essential oils market generated a revenue of USD 81.4 million in 2023 and is expected to reach USD 155.9 million by 2030.
  • The Singapore market is expected to grow at a CAGR of 9.7% 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.


Essential oils market data book summary

Market revenue in 2023USD 81.4 million
Market revenue in 2030USD 155.9 million
Growth rate9.7% (CAGR from 2023 to 2030)
Largest segmentOrange
Fastest growing segmentAcorus Calamus
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAcorus 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 worldwideBiolandes, Young Living, DoTERRA, New Zealand Energy Corp, Flavex Naturextrakte, Falcon Oil & Gas Ltd, Ungerer & Company


Other key industry trends

  • In terms of revenue, Singapore accounted for 0.3% 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 Asia Pacific, China essential oils market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,007.4 million by 2030.

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Essential Oils Market Companies

Name Profile # Employees HQ Website

Singapore 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 7.74% in 2023. Horizon Databook has segmented the Singapore 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 market in Singapore is expected to witness growth over the coming years on account of the expanding cosmetics, food & beverage, and spa & relaxation industries. Essential oils market in the country is highly competitive in nature due to the presence of several global and domestic companies. Candles of Light, Houghton & Gough, Mmerci Encore, To Be Calm, Frank Skincare, A Dose of Something Good, Hush Candles, Hysses, Wild Products, Rough Beauty, and SoapLah are some of the prominent homegrown companies involved in the production of essential oils-based products.

The high level of competition is urging the market players to launch innovative products. Spa & relaxation segment, which primarily consists of personal care, toiletries, and fragrances, has emerged as the most significant driver for the market growth in Singapore. Expanding cosmetics industry is offering a substantial opportunity for the global and domestic companies to capture the growing customer base across the country. As of 2020, over 70 listed companies were involved in manufacturing and the import of toiletries and cosmetics in Singapore.

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Target buyers of Singapore essential oils market databook

  • Our clientele includes a mix of essential oils market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Singapore essential oils market , including forecasts for subscribers. This country databook contains high-level insights into Singapore essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Singapore essential oils market size, by product, 2018-2030 (US$M)

Singapore Essential Oils Market Outlook Share, 2023 & 2030 (US$M)

Singapore essential oils market size, by product, 2018-2030 (US$M)

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