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Essential Oils Market Share

Report ID: GMI2391
Published Date: Mar 2023
Report Format: PDF

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Essential Oils Market Share

The competitive landscape of the market comprises companies such as Multiflora, Synthite, Vögele Ingredients, Rocky Mountain Oils, Florihana, Moksha Lifestyle, Lebermuth Company, Flacon Essential Oil, Frutarom Industries Ltd., doTERRA, Biolandes SA, Flavex Naturextrakte, Young Living, International Flavours & Fragrances Inc., and Firmenich International SA. These companies are incorporating strategies including product range expansions to solidify their presence in the global market.

For instance, in September 2022, doTERRA announced eucalyptus oil and other products to be added to its collection of sustainable essential oils to help consumers to maintain a healthy and grounded life. Such an initiative will allow the company to propel its customer base and gain a competitive edge over rivals in the global market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of essential oils reached USD 10.5 billion in 2022 and is set to witness over 9% CAGR during 2023 to 2032, as a result of the growing incidence of eczema and other skin conditions.

The foods and beverages application segment is anticipated to grow at 11% CAGR through 2032, considering the product

The industry size for essential oils in Europe will surpass USD 9 billion by 2032, given the growth trajectory of the cosmeceutical sector.

Key players functioning in the market include Multiflora, Synthite, Lebermuth Company, Flacon Essential Oil, Frutarom Industries Ltd., doTERRA, Biolandes SA, Flavex Naturextrakte, and Firmenich International SA.