India Essential Oils Market Size & Outlook, 2023-2030
India essential oils market, 2018-2030 (US$M)
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India essential oils market highlights
- The India essential oils market generated a revenue of USD 439.6 million in 2023 and is expected to reach USD 841.4 million by 2030.
- The India market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, orange was the largest revenue generating product in 2023.
- Acorus Calamus is the most lucrative product segment registering the fastest growth during the forecast period.
Essential oils market data book summary
| Market revenue in 2023 | USD 439.6 million |
| Market revenue in 2030 | USD 841.4 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Orange |
| Fastest growing segment | Acorus Calamus |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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 |
| Key market players worldwide | Biolandes, Young Living, DoTERRA, New Zealand Energy Corp, Flavex Naturextrakte, Falcon Oil & Gas Ltd, Ungerer & Company |
Other key industry trends
- In terms of revenue, India accounted for 1.9% of the global essential oils market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China essential oils market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,007.4 million by 2030.
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Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
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India essential oils market outlook
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 8.37% in 2023. Horizon Databook has segmented the India 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.
India emerged as the second-largest market for essential oils in the Asia Pacific in 2020. The country is the one of the key producers of spice oils worldwide and holds a dominant position in the production of mints. The high cost of some essential oils is restricting their demand growth in price-sensitive regions. For instance, Indian Jasmin essential oil costs twice in comparison with the Egyptian Jasmin.
These highpriced products are gaining increasing acceptance in mature economies, whereas in emerging economies, where the price of the product is a critical buying factor, the application scope of such products is limited.
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Target buyers of India essential oils market databook
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Our clientele includes a mix of essential oils market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India essential oils market , including forecasts for subscribers. This country databook contains high-level insights into India essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India essential oils market size, by product, 2018-2030 (US$M)
India Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
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