Description
Report Description-
U.S., China and India are the major producers, consumer and exporter of essential oil in the world. Essential oil market in India will witness higher growth rate during the forecasting period 2017 to 2023. Essential oil market in U.S. is growing at CAGR of 6.08% backed by advancement in processing technology of essential oil by manufacturers. China and Indonesia are one of the fastest growing essential oil producing countries in the world. The top five emerging countries in essential oil are India, China, Indonesia, U.S. and Canada. The world demand for essential oil is growing rapidly especially in developing countries like India and China due to rising awareness about health benefits of essential oil and improving economic condition.
Fragrance and flavor continue to dominate the essential oil market with more than 40% market share and aromatherapy will witness the higher growth rate during forecast period 2017 to 2023. Globally, the use of essential oil in cosmetics will reach USD 1,958 Million with CAGR of 5.76% during forecast period 2017 to 2023. Asia Pacific region will witness higher growth rate for essential oil application in cosmetics during forecast period. In America, essential oil application for aromatherapy will witness the significant growth due to increasing application essential oil in aromatherapy. Essential oil application in pharmaceutical in Europe will continue to grow at significant rate to capture more than 20% of market share in the year 2017. APAC region will witness higher growth rate for pharmaceutical application of essential oil during forecast period.
Essential oil market is projected to grow at 5.92% during the forecasted period 2017to 2023 whereas Asia Pacific region is expected to maintain its dominant position in upcoming years due to the growing demand for natural cosmetic products, rising awareness and increasing adoption of innovative essential oil solutions in varied application sectors. In America high per capita income, governmental subsidies and tax benefits are encouraging the production and application of essential oils in various field.
Key Players
The leading market players in the Global Essential oil market primarily are Young Living (U.S.), doTerra (U.S.), Biolandes (France), The Lebermuth Co., Inc.(U.S.), Sydney Essential Oils (Australia), Shiv Sales Corporation (India) and Shaanxi Guanjie Technology Co., Ltd (India)
Target Audience
• Essential oil Manufacturers
• Food and beverage Industry
• Agriculture Industry
• Fragrance/ Aromatherapy industry
• Cosmetics/personal care industry
• Pharmaceutical Industry
• Retailers and wholesalers
• Traders, importers and exporters
Key Findings
• The Global Essential oil market is projected to reach USD 18,956 million by 2023 with growth rate of 5.92%
• Globally, application of Essential oil in aromatherapy is growing at higher rate of 6.19%
• Globally, corn mint and orange essential oil holds more than 57% of market share in the year 2017
Regional and Country Analysis of functional protein market Development and Demand Forecast to 2022 Market
The reports also cover country level analysis:
• America
o U.S.
o Canada
o Mexico
o Rest of America
• Europe
o Germany
o U.K.
o France
o Rest of Europe
• Asia Pacific
o China
o India
o Indonesia
o Japan
o Rest of APAC
• Rest of World
o Nigeria
o South Africa
o Iran
o Other Countries
1 Executive Summary 12
2 Introduction 13
2.1 Definition 13
2.2 Scope of the Study 13
2.2.1 Research Objective 13
2.2.2 Assumptions 13
2.2.3 Limitations 13
2.3 Market Structure 13
3 Research Methodology 16
3.1 Introduction 16
3.2 Primary Research 17
3.3 Secondary Research 18
4 Market Dynamics 19
4.1 Introduction 19
4.2 Drivers 20
4.2.1 Increase in industrial demand 20
4.2.2 Growing popularity of functional properties 20
4.2.3 Higher traction for natural and plant based oils 20
4.3 Restraints 21
4.3.1 Availability of substitute 21
4.3.2 Lack of labeling requirement 21
4.4 Opportunities 21
4.4.1 Liberalization in trade 21
4.4.2 Sustainability in supply 21
4.4.3 Improving distribution channels 22
4.5 Challenges 22
4.5.1 Limited Supply potential 22
4.5.2 Rising commodity prices 22
5 Market Trends 23
5.1 Trends in Supply/Production 23
5.2 Trends in Demand/Consumption by function 24
5.3 Emerging Markets (Supply & Demand) 25
6 Emerging Markets for Essential Oil 26
6.1 Introduction 26
6.2 Trend in Essential Oil Substances Exports and Imports 26
6.2.1 Trend in Essential Oil Exports 26
6.2.2 Trend in Essential Oil Imports 27
6.3 Innovations in Products/Process in Essential Oil 27
6.4 Macroeconomic Indicator Analysis for Top 4 Essential Oil Market 31
6.4.1 PESTLE Analysis U.S. 31
6.4.2 PESTLE Analysis U.K. 32
6.4.3 PESTLE Analysis India 33
6.4.4 PESTLE Analysis China 34
7 Market Factor Analysis 35
7.1 Introduction 35
7.2 Value Chain Analysis 35
7.3 Porter’s Five Forces 36
7.3.1 Bargaining Power of Suppliers 37
7.3.2 Threat of New Entrants 37
7.3.3 Bargaining Power of Buyers 37
7.3.4 Threat of Substitutes 37
7.3.5 Competitive Rivalry Between Existing Players 37
7.4 Supply Chain Analysis 37
8 Global Essential Oil Market, By Type 39
8.1 Global Essential Oil Market by Type 39
8.1.1 Pure Essential Oil 39
8.1.2 Compound Essential Oil 39
8.1.3 Others 39
9 Global Essential Oil Market, By Ingredients 41
9.1 Global Essential Oil Markey by Ingredients 41
9.1.1 Orange 41
9.1.2 Corn Mint 41
9.1.3 Cedarwood 41
9.1.4 Eucalyptus 41
9.1.5 Chamomile 41
9.1.6 Lavender 41
9.1.7 Clary sage 41
9.1.8 Citronella 41
9.1.9 Litsea cubeba 41
9.1.10 Citrodora 41
9.1.11 Peppermint 41
9.1.12 Basil 41
9.1.13 Clove Leaf 41
9.1.14 Others 41
10 Global Essential Oil Market, By Application 49
10.1 Global Essentail Oil Market by Application 49
10.1.1 Fragrance & Flavor 49
10.1.2 Aromatherapy 49
10.1.3 Pharmaceutical 49
10.1.4 Cosmetics 49
10.1.5 Others 49
11 America Essential Oil Market 52
12 Europe Essential Oil Market 60
13 Asia-Pacific Essential Oil Market 68
14 Rest of World Essential Oil Market 78
15 Company Profiles 86
15.1 Young Livings 86
15.1.1 Introduction 86
15.1.2 Company Snapshot 86
15.1.3 Product Portfolio 87
15.1.4 SWOT Analysis 88
15.1.5 Key Developments 89
15.2 doTerra 90
15.2.1 Introduction 90
15.2.2 Company Snapshot 90
15.2.3 Product Portfolio 90
15.2.4 SWOT Analysis 91
15.2.5 Key Developments 92
15.3 Biolandes 93
15.3.1 Introduction 93
15.3.2 Company Snapshot 93
15.3.3 Product Portfolio 93
15.3.4 SWOT Analysis 94
15.3.5 Key developments 94
15.4 The Lebermuth Co., Inc 95
15.4.1 Introduction 95
15.4.2 Company Snapshot 95
15.4.3 Product Portfolio 95
15.4.4 SWOT Analysis 97
15.4.5 Key Developments 97
15.5 Sydney Essential Oils 98
15.5.1 Introduction 98
15.5.2 Company Snapshot 98
15.5.3 Product Portfolio 98
15.5.4 Key Developments 99
15.6 Shiv Sales Corporation 100
15.6.1 Introduction 100
15.6.2 Company Snapshot 100
15.6.3 Product Portfolio 100
15.7 Shaanxi Guanjie Technology Co., Ltd 103
15.7.1 Introduction 103
15.7.2 Company Snapshot 103
15.7.3 Product Portfolio 103
15.7.4 Key Developments 104
16 Competitive Landscape 105
16.1 Competitve Landscaping of Essential oil Market by Strategy 105
TABLE 1 INNOVATIONS IN PRODUCTS/PROCESS IN ESSENTIAL OIL 26
TABLE 2 PESTLE ANALYSIS U.K. 32
TABLE 3 PESTLE ANALYSIS-INDIA 33
TABLE 4 PESTLE ANALYSIS-CHINA 34
TABLE 5 GLOBAL ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 39
TABLE 6 GLOBAL ESSENTIAL OIL MARKET, BY PURE ESSENTIAL OIL (2016-2023), USD MILLION 39
TABLE 7 GLOBAL ESSENTIAL OIL MARKET, BY COMPOUND ESSENTIAL OIL (2016-2023), USD MILLION 40
TABLE 8 GLOBAL ESSENTIAL OIL MARKET, BY OTHER ESSENTIAL OIL (2016-2023), USD MILLION 40
TABLE 9 GLOBAL ESSENTIAL OIL MARKET, BY INGREDIENTS (2016-2023), USD MILLION 41
TABLE 10 ORANGE ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 42
TABLE 11 CORN MINT ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 42
TABLE 12 CEDARWOOD ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 43
TABLE 13 EUCALYPTUS ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 43
TABLE 14 CHAMOMILE ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 44
TABLE 15 LAVENDER ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 44
TABLE 16 CLARY SAGE ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 44
TABLE 17 CITRONELLA ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 45
TABLE 18 LITSEA CUBEBA ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 45
TABLE 19 CITRODORA ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 45
TABLE 20 PEPPERMINT ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 46
TABLE 21 BASIL ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 46
TABLE 22 CLOVE LEAF ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 46
TABLE 23 OTHER INGREDIENTS ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 47
TABLE 24 GLOBAL ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 48
TABLE 25 FRAGRANCES AND FLAVOR ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 48
TABLE 26 AROMATHERAPY ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 49
TABLE 27 PHARMACEUTICAL ESSENTIAL OIL MARKET, BY LIQUID FORMAT (2016-2023), USD MILLION 49
TABLE 28 COSMETICS ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 50
TABLE 29 OTHER APPLICATION ESSENTIAL OIL MARKET, BY REGION (2016-2023), USD MILLION 50
TABLE 30 AMERICA ESSENTIAL OIL MARKET, BY COUNTRY (2016-2023), USD MILLION 51
TABLE 31 AMERICA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 51
TABLE 32 AMERICA ESSENTIAL OIL MARKET, BY INGREDIENTS (2016-2023), USD MILLION 52
TABLE 33 AMERICA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 52
TABLE 34 U.S. ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 53
TABLE 35 U.S. ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 53
TABLE 36 U.S. ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 54
TABLE 37 CANADA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 54
TABLE 38 CANADA ESSENTIAL OIL MARKET, BY INGREDIENTS (2016-2023), USD MILLION 55
TABLE 39 CANADA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 55
TABLE 40 MEXICO ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 56
TABLE 41 MEXICO ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 56
TABLE 42 MEXICO ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 57
TABLE 43 REST OF AMERICA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 57
TABLE 44 REST OF AMERICA ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 58
TABLE 45 REST OF AMERICA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 58
TABLE 46 EUROPE ESSENTIAL OIL MARKET, BY COUNTRY (2016-2023), USD MILLION 59
TABLE 47 EUROPE ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 59
TABLE 48 EUROPE ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 60
TABLE 49 EUROPE ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 60
TABLE 50 GERMANY ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 61
TABLE 51 GERMANY ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 61
TABLE 52 GERMANY ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 62
TABLE 53 U.K. ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 62
TABLE 54 U.K. ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 63
TABLE 55 U.K. ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 63
TABLE 56 FRANCE ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 64
TABLE 57 FRANCE ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 64
TABLE 58 FRANCE ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 65
TABLE 59 REST OF EUROPE ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 65
TABLE 60 REST OF EUROPE ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 66
TABLE 61 REST OF EUROPE ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 66
TABLE 62 ASIA PACIFIC ESSENTIAL OIL MARKET, BY COUNTRY (2016-2023), USD MILLION 67
TABLE 63 ASIA PACIFIC ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 67
TABLE 64 ASIA PACIFIC ESSENTIAL OIL MARKET, BY INGREDIENTS (2016-2023), USD MILLION 68
TABLE 65 ASIA PACIFIC ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 68
TABLE 66 CHINA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 69
TABLE 67 CHINA ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 69
TABLE 68 CHINA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 70
TABLE 69 INDIA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 70
TABLE 70 INDIA ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 71
TABLE 71 INDIA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 71
TABLE 72 INDONESIA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 72
TABLE 73 INDONESIA ESSENTIAL OIL MARKET, BY INGREDIENTS (2016-2023), USD MILLION 72
TABLE 74 INDONESIA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 73
TABLE 75 JAPAN ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 73
TABLE 76 JAPAN ESSENTIAL OIL MARKET, BY INGREDIENTS (2016-2023), USD MILLION 74
TABLE 77 JAPAN ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 74
TABLE 78 REST OF APAC ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 75
TABLE 79 REST OF APAC ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 75
TABLE 80 REST OF APAC ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 76
TABLE 81 REST OF THE WORLD ESSENTIAL OIL MARKET, BY COUNTRY (2016-2023), USD MILLION 77
TABLE 82 REST OF THE WORLD ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 77
TABLE 83 REST OF THE WORLD ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 78
TABLE 84 REST OF THE WORLD ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 78
TABLE 85 NIGERIA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 79
TABLE 86 NIGERIA ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 79
TABLE 87 NIGERIA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 80
TABLE 88 SOUTH AFRICA ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 80
TABLE 89 SOUTH AFRICA ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 81
TABLE 90 SOUTH AFRICA ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 81
TABLE 91 IRAN ESSENTIAL OIL MARKET, BY SOURCE (2016-2023), USD MILLION 82
TABLE 92 IRAN ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 82
TABLE 93 IRAN ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 83
TABLE 94 OTHER COUNTRIES ESSENTIAL OIL MARKET, BY TYPE (2016-2023), USD MILLION 83
TABLE 95 OTHER COUNTRIES ESSENTIAL OIL MARKET, BY INGREDIENT (2016-2023), USD MILLION 84
TABLE 96 OTHER COUNTRIES ESSENTIAL OIL MARKET, BY APPLICATION (2016-2023), USD MILLION 84
TABLE 97 COMPETIVE LANDSCAPING: ESSENTIAL OIL MARKET: BY STRATEGY 105
FIGURE 1 RESEARCH METHODOLOGY 15
FIGURE 2 PRIMARY RESEARCH 16
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH 17
FIGURE 4 MARKET DYNAMICS ANALYSIS 18
FIGURE 5 GLOBAL ESSENTIAL OIL MARKET SUPPLY TRENDS AND FORECAST (2016-2022) 22
FIGURE 6 GLOBAL ESSENTIAL OIL MARKET DEMAND TRENDS AND FORECAST, BY INGREDIENTS (2016-2022) 23
FIGURE 7 EMERGING MARKETS (SUPPLY & DEMAND) 24
FIGURE 8 TREND IN EXPORT SHARE OF ESSENTIAL OIL, 2012 VS 2016 25
FIGURE 9 TREND IN IMPORT SHARE OF ESSENTIAL OIL, 2012 VS 2016 26
FIGURE 10 PESTLE ANALYSIS-U.S. 31
FIGURE 11 VALUE CHAIN OF ESSENTIAL OIL 35
FIGURE 12 PORTER FIVE FORCES- ESSENTIAL OIL MARKET 36
FIGURE 13 SUPPLY CHAIN OF ESSENTIAL OIL 37
FIGURE 14 COMPETIVE LANDSCAPING: ESSENTIAL OIL MARKET: BY STRATEGY 104
