GITNUX MARKETDATA REPORT 2024

Essential Oils Industry Statistics

The global essential oils market is anticipated to reach $15.56 billion by 2026, with a compound annual growth rate of 9.65%.

Statistic 1

"Food and beverage applications accounted for about 34% of the essential oils market share in 2020."

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Statistic 2

"The global demand for tea tree oil is expected to reach USD 59.3 million by 2025."

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Statistic 3

"Aromatherapy is one of the fastest-growing segments in the essential oils market."

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Statistic 4

"In 2019, Europe held the largest share of the global essential oils market, accounting for more than 40%."

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Statistic 5

"Personal care products account for around 22% of the total essential oils market."

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Statistic 6

"The lavender oil segment is projected to grow at the fastest CAGR of 9.5% during the forecast period."

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Statistic 7

"Online sales of essential oils accounted for about 18% of the overall sales in 2020."

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Statistic 8

"The citrus essential oils segment held a revenue share of around 24% in 2020."

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Statistic 9

"The pharmaceutical industry consumed approximately 15% of the global essential oils produced in 2019."

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Statistic 10

"The essential oils market in Brazil was estimated at USD 1.2 billion in 2020."

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Statistic 11

"The revenue from the sale of orange essential oil accounted for over 20% of the market share in 2020."

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Statistic 12

"The demand for peppermint oil in 2020 was about 6.2 kilotons globally."

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Statistic 13

"The UK essential oils market value crossed USD 600 million in 2020."

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Statistic 14

"In 2020, North America accounted for approximately 28% of the global essential oils market."

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Statistic 15

"The demand for essential oils in the Asia-Pacific region is expected to witness the highest CAGR of 9.2% from 2021 to 2028."

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Statistic 16

"Eucalyptus oil recorded a 7.1% growth rate within the essential oils market in 2020."

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Statistic 17

"By 2028, the USA essential oils market is anticipated to reach USD 5.3 billion."

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Statistic 18

"The essential oils market in India is expected to grow at a CAGR of 10.3% from 2021 to 2028."

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Statistic 19

"The essential oils market is projected to grow at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2028."

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Statistic 20

"The global essential oils market size was valued at USD 18.6 billion in 2020."

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