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Global Essential Oil Market 2019-2023

Global Essential Oil Market 2019-2023

About this market

The expanding retail space is one of the key parameters expected to trigger the market’s growth in the forthcoming years. Players in the emerging and advanced economies are adopting different distribution formats for offering essential oils through supermarkets and hypermarkets, convenience stores, discount stores, and online portals. The sales of essential oils through e-commercial portals including Amazon and Walmart are increasing due to the convenience of shopping offered through the online distribution channels. This will further foster the essential oil market growth in the forthcoming years. Technavio’s analysts have predicted that the essential oil market will register a CAGR of over 8% by 2023.

Market Overview

Expanding applications across various industries

One of the growth drivers of the global essential oil market is the wide-scale application of essential oils across various industries such as food and beverages. It is extensively used in the preparation of various scented and perfumes and beauty products.

Enforcement of stringent regulations for essential oils

One of the challenges in the growth of global essential oil market is the enforcement of stringent regulations for essential oils. Stringent regulations for essential oils restrict the business of vendors operating in multiple economies which will hinder the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the essential oil market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of a few market players. Several vendors in the market are focusing on ensuring that their products comply with clean labeling to increase the sales of essential oils. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global food and beverages market
      • Table Segments of global food and beverages market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Food and beverages - Market size and forecast 2018-2023
      • Table Food and beverages - Market size and forecast 2018-2023 ($ millions)
      • Table Food and beverages - Year-over-year growth 2019-2023 (%)
    • Recreation - Market size and forecast 2018-2023
      • Table Recreation - Market size and forecast 2018-2023 ($ millions)
      • Table Recreation - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Increase in new product launches
    • Rising demand for aromatherapy
    • Clean labeling of essential oils
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Aromaaz International
      • Table Aromaaz International - Vendor overview
      • Table Aromaaz International - Product segments
      • Table Aromaaz International - Key offerings
    • Bath & Body Works Direct, Inc.
      • Table Bath & Body Works Direct, Inc. - Vendor overview
      • Table Bath & Body Works Direct, Inc. - Product segments
      • Table Bath & Body Works Direct, Inc. - Key offerings
    • Frontier Co-op.
      • Table Frontier Co-op. - Vendor overview
      • Table Frontier Co-op. - Product segments
      • Table Frontier Co-op. - Key offerings
    • NOW Foods
      • Table NOW Foods - Vendor overview
      • Table NOW Foods - Product segments
      • Table NOW Foods - Organizational developments
      • Table NOW Foods - Key offerings
    • Young Living Essential Oils
      • Table Young Living Essential Oils - Vendor overview
      • Table Young Living Essential Oils - Product segments
      • Table Young Living Essential Oils - Organizational developments
      • Table Young Living Essential Oils - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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