The Essential Oil Market size is estimated to reach $15.4 billion by 2027, growing at a CAGR of 9.7% during the forecast period 2022-2027. The growth of the essential oil market is greatly fueled by the increasing application of essential oil from principal end-use industries and the emerging demand for organic products. The growing demand from principal end-use industries like food and beverages, personal care and cosmetics and aromatherapy is fueling the growth of the essential oil market. Essential oil is a potent hydrophobic fluid with volatile aroma compounds extracted from plants. Organic essential oils are high in demand due to their growing application in food, cosmetics and personal care and pharmaceuticals attributed to their aroma-conferring characteristics. Organic essential oils are extensively utilized in aromatherapy for uplifting the health and mood of a person. Numerous essential oils possess antioxidant characteristics. Essential oil compounds acquired from lemon extract, like limonene, may assist in decreasing physical and psychological stress. The peel of citrus fruit offers the essential oil.

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Essential Oil Market Growth Drivers:

Surging Advantages of Essential Oil:

The application of essential oils as natural antioxidants is an area of growing interest. Various recipes utilize different concentrations or percentages of essential oils based on the recipe. Suggestions on these percentages change from source to source. However, they typically lie between 2% and 5%. Certain advantages of application of essential oils involve the following:
  1. They can assist in the enhancement of one’s mood.
  2. They can assist in reducing inflammation.
  3. They can assist in the enhancement of one’s respiratory health.
  4. They can assist in decreasing anxiety and stress levels.
  5. They can assist in decreasing fatigue and enhancing concentration levels.
The surging advantages of essential oil are therefore driving the growth of the Essential Oil Industry, thereby contributing to the Essential Oil Industry Outlook.

Soaring Innovations Involving Essential Oil:

Essential oils from medicinal plants have antioxidant activity. Lemon extract is prepared by the distillation process. Lemon extract is an aromatic cooking extract. Citrus oils appear from the peels of citrus fruits. Citrus essential oils are rich in limonene, which is discovered in the peels of citrus fruits. Lesser concentrations of essential oils are typically suggested for children, infants, pregnant/breastfeeding women and the elderly; typically, from 1% down to none. The most creative ways in which these essential oils are being directed involve aromatic furniture pieces, nasal clips, inhalers, putty toys for children and sheet sprays to promote restful sleep. Essential oils are also surfacing in numerous hyper-targeted personal care products, like Niche for Men Towelettes and Oilogic's kid-friendly 'Bundle of Joy' roll-on oil collection. The soaring innovations involving essential oil are therefore propelling the growth of the Essential Oil Market.


In November 2020, Cargill declared significant financing in Seventure Partners’ Health for Life Capital II fund. The Health for Life Capital II fund of Seventure Partners backs the microbiome revolution in the areas of health and nutrition.

Essential Oil Market: Competitive Landscape

Key companies holding major shares in the Essential Oil Market are Cargill, Inc, DuPont, Koninklijke DSM N.V., dôTERRA International LLC, Givaudan SA, Young Living Essential Oils, The Lebermuth Company, Inc., Symrise, Sensient Technologies Corporation and Essential oils of New Zealand.

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