Europe Essential Oils Market Size & Outlook, 2023-2030

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to essential oils market will help companies and investors design strategic landscapes.

Orange was the largest segment with a revenue share of 8.79% in 2023. Horizon Databook has segmented the Europe essential oils market based on acorus calamus, ajowan, basil, black pepper, cardamom, carrot seed, cassia, cedarwood, celery, cinnamon, citronella, clove, cornmint, cumin seed, curry leaf, cypriol, davana, dill seed, eucalyptus, fennel, frankincense, garlic, ginger, holy basil, juniper berry, lemon, lemongrass, lime, mace, mustard, neem, nutmeg, orange, palmarosa, pepper mint, dmo, rosemary, spearmint, turmeric, vetiver, ciz-3 hexanol, tea tree covering the revenue growth of each sub-segment from 2018 to 2030.

Europe was the dominating region and accounted for 49.18% of the total market revenue share in 2020. The strong presence of food & beverage industry in the region, coupled with high disposable income and high standards of living, has contributed positively to the essential oil industry growth. Cosmetics is a major application segment of essential oils.

The rising demand for chemical-free cosmetics in Europe has forced cosmetic manufacturers to utilize essential oils as a substitute for conventional chemicals. These trends are benefitting the regional demand. The region is characterized by a high obesity rate, which, in turn, is driving the health care industry. Pharmaceutical and nutraceutical sectors account for a major share in terms of the consumption of essential oils.

Ongoing advancements in the medical industry across the region are projected to boost the growth of essential oils & floral extracts market in Europe over the coming years. In Europe, aromatherapy is a major application of essential oils. France, Austria, Germany, and Switzerland are the major markets for aromatherapy, which is used for therapeutic purposes. The Netherlands and the UK are other significant markets for aromatherapy.