Market revenue in 2023 | USD 1,429.1 million |
Market revenue in 2030 | USD 2,461.1 million |
Growth rate | 8.1% (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 |
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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 8.89% in 2023. Horizon Databook has segmented the UK 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.
After Germany and France, the UK emerged as a significant market for essential oils in Europe in 2020. The presence of a well-developed food & beverage industry along with well-informed consumers emerged as the major factors propelling the demand for essential oil and floral extracts in the country.
According to Food and Drink Federation (FDF), food & beverage sector contributed 20% in the total U.K. manufacturing sector in 2020. Essential oils are used in food & beverage industry for various applications such as bakery, confectionery, dairy, beverages, RTE meals, and snack & nutritional bars. Growth in this segment is projected to boost the application scope of the product, thereby driving the market over the forecast period. Several studies are being conducted in the country to develop new applications for essential oils.
These oils have traditionally been used in aromatherapy to cure or prevent the occurrence of skin diseases and to cure stress or hypertension. Recent studies have also pointed out that essential oils can be used to treat MRSA (methicillin-resistant Staphylococcus aureus) infections. The University of Manchester, in its research, found that essential oils can be used to treat such infections. Such studies are contributing to the rising awareness regarding potential health benefits of essential oils.
Horizon Databook provides a detailed overview of country-level data and insights on the UK essential oils market , including forecasts for subscribers. This country databook contains high-level insights into UK essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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