Herb Oil

Global Herb Oil Market to Reach US$12.9 Billion by 2030

The global market for Herb Oil estimated at US$10.0 Billion in the year 2024, is expected to reach US$12.9 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Basil Oil Type, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$3.5 Billion by the end of the analysis period. Growth in the Mint Oil Type segment is estimated at 3.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.7 Billion While China is Forecast to Grow at 8.2% CAGR

The Herb Oil market in the U.S. is estimated at US$2.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Herb Oil Market – Key Trends & Drivers Summarized

Why Is Herb Oil Gaining Popularity Across Industries?

Herb oil has witnessed a surge in demand across multiple industries, including food and beverage, cosmetics, pharmaceuticals, and aromatherapy, due to its therapeutic properties and natural health benefits. Extracted from various herbs such as basil, rosemary, oregano, thyme, and peppermint, these essential oils are widely used for their antioxidant, antimicrobial, and anti-inflammatory properties. The rising consumer preference for natural and organic ingredients in food products, skincare formulations, and dietary supplements has further driven the adoption of herb oils. Additionally, the global shift toward clean-label products and plant-based alternatives has fueled the demand for pure, chemical-free herb oils that align with health-conscious and environmentally friendly consumer choices. The increased awareness of herbal remedies for stress relief, immune support, and digestion has also contributed to the rising popularity of herb oils in holistic wellness and traditional medicine.

How Are Technological Advancements Enhancing the Herb Oil Industry?

The herb oil market is evolving rapidly with advancements in extraction techniques, product formulations, and quality control measures. One of the most significant innovations is the adoption of supercritical CO2 extraction, which ensures the highest purity and potency of essential oils without using harmful solvents. Cold-pressed extraction methods have also gained traction, particularly in the organic herb oil segment, preserving the natural bioactive compounds. Additionally, the incorporation of nanotechnology in herb oil formulations has improved bioavailability, enhancing the effectiveness of oils used in pharmaceuticals and dietary supplements. The rise of encapsulated herb oils in the food and beverage industry has also provided new application possibilities, enabling controlled release and prolonged flavor retention in culinary products. Furthermore, digitalization and AI-powered analytics are playing a key role in ensuring consistency in herb oil quality, allowing manufacturers to maintain standardized compositions across different batches.

Why Is the Demand for Herb Oil Increasing in Food, Wellness, and Skincare?

The growing consumer shift toward natural and organic products has fueled the demand for herb oils in several industries. In the food and beverage sector, herb oils are increasingly used as natural flavor enhancers, food preservatives, and functional ingredients in health-oriented products. The cosmetics and personal care industry is another major driver, with brands incorporating herb oils into skincare, haircare, and aromatherapy formulations due to their nourishing, anti-aging, and soothing properties. Additionally, the pharmaceutical sector is leveraging the antimicrobial and therapeutic effects of herb oils in natural remedies and over-the-counter healthcare products. The rising interest in aromatherapy and holistic healing has also contributed to the growing adoption of herb oils in diffusers, massage therapies, and stress-relief treatments. The increasing application of herb oils in pet care, household cleaning products, and nutraceuticals is further expanding the market reach.

What Are the Key Factors Driving the Growth of the Herb Oil Market?

The growth in the herb oil market is driven by several factors, including increasing consumer demand for plant-based wellness products, advancements in sustainable extraction technologies, and expanding applications in the food, cosmetic, and pharmaceutical industries. The clean-label movement has encouraged brands to replace synthetic additives with herb oils, further propelling market growth. Additionally, regulatory approvals for natural and organic ingredients in cosmetics and dietary supplements have contributed to the market expansion. The rise of e-commerce and digital marketing has also played a pivotal role in increasing consumer access to premium herb oils, enabling brands to reach a global audience. As sustainability trends continue to shape the industry, the demand for ethically sourced and certified organic herb oils is expected to witness strong growth in the coming years.

SCOPE OF STUDY:

The report analyzes the Herb Oil market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Basil Oil Type, Mint Oil Type, Oregano Oil Type, Rosemary Oil Type, Thyme Oil Type, Lavender Oil Type, Other Types); Application (Personal Care & Cosmetics Application, Food & Beverage Application, Pharmaceutical Application, Aromatherapy Application, Industrial Application, Other Applications); Distribution Channel (Supermarkets / Hypermarkets, Specialty Stores, Online Distribution Channel, Convenience Stores, Direct Sales Distribution Channel, Other Distribution Channels)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 33 Featured) -

• Aromatherapy Associates
• Aura Cacia (Frontier Co-op)
• Charlotte`s Web Holdings, Inc.
• doTERRA International LLC
• Edens Garden
• Givaudan
• International Flavors & Fragrances Inc.
• Levo Oil
• McCormick & Company
• Mountain Rose Herbs
• Nature`s Alchemy
• Now Foods
• Plant Therapy Essential Oils
• Rocky Mountain Oils
• Sensient Technologies Corporation
• Symrise AG
• Synthite Industries Ltd.
• Vidya Herbs
• Whole Herb Company (Berjé Inc)
• Young Living Essential Oils

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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