Essential Oils Market Share, Size, Trends, Industry Analysis Report, By Application (Medical, Food & Beverage, Spa & Relaxation, Fragrances, Cleaning & Home); By Sales Channel (Offline Stores, Online Platforms); By Product; By Region; Segment Forecast, 20

The global essential oil market is projected to reach USD 61.81 billion by 2034 growing at a CAGR of 8.69% from 2025 to 2034, as per a new research report published by Polaris Market Research. The report ‘Essential Oils Market Share, Size, Trends, Industry Analysis Report, By Application (Medical, Food & Beverage, Spa & Relaxation, Fragrances, Cleaning & Home), By Sales Channel, By Product, and By Region -Market Forecast, 2025 – 2034’ offers a wide analysis of different applications of essential oils, market size, industry scope along with insights related to current and future trends in the market.

The rising demand for plant-based preservatives, increased adoption of aromatherapy and varied uses in the pharmaceutical industry are some major drivers fuelling the growth of the essential oils market globally.

Some of the essential applications of these oils are used to reduce the levels of stress and anxiety, improve sleeping disorders, and aromatherapy, help to diagnose inflammation, and even fight against diseases like type 2 diabetes and cancer. These oils are also widely used as preservatives to increase the shelf life of foods and used in form of the essence in soaps, shampoos, mosquito repellents, etc.

Pharmaceutical industries are the major contributors to the growth of this market due to continuous breakthroughs in R&D Medical industries for their applications are expected to boost this market further.

In the forecast period, the food and beverage industry is anticipated to witness the highest growth rate. Increasing the need for organic alternatives to preserve foods, and the rising need for different flavoring agents from bakeries and breweries are the major contributing factors to the growth of this segment.

Asia Pacific is anticipated to grow the market during the forecast period due to the increasing per capita income and increasing expenditure on wellness products by middle-class families.

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In the product segment, orange oil contributed the highest share in terms of volume for the year 2024 due to its antioxidant property along with the high content of Vitamin C.

By geography, Europe held the largest market share in the market in the year 2024 and this is attributed to the rising awareness of the benefits of essential oils.

Polaris Market Research has segmented the global essential oils market based on product, application, sales channel, and region:

Essential oils by Product Outlook (Revenue, USD Billion, 2020 – 2034)

Orange oil

Lemon oil

Lime oil

Geranium oil

Peppermint oil

Cornmint oil

Eucalyptus oil

Jasmine oil

Tea tree oil

Rosemary oil

Citronella oil

Spearmint oil

Clove leaf oil

Lavender oil

Others

Essential oils by Application Outlook (Revenue, USD Billion, 2020 – 2034)

Medical

Pharmaceutical

Nutraceuticals

Food & Beverages

Bakery

Confectionery

Dairy

RTE meals

Beverages

Meat, Poultry & Seafood

Snacks & Nutritional Bars

Spa & Relaxation

Aromatherapy

Massage Oil

Personal Care

Cosmetics

Hair Care

Skin Care

Sun Care

Makeup & Colour Cosmetics

Toiletries

Soaps

Shampoos

Men's Grooming

Oral Care

Baby Care

Fragrances

Perfumes

Body Sprays

Air fresheners

Cleaning & Home

Kitchen Cleaners

Floor Cleaners

Bathroom Cleaner

Fabric Care

Essential oils by Sales Channel Outlook (Revenue, USD Billion, 2020 – 2034)

Offline Stores

Online Channels

Essential oils by Region Outlook (Revenue, USD Billion, 2020 – 2034)

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Asia Pacific

China

India

Japan

Latin America

Brazil

Middle East and Africa Show more