Singapore 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 7.74% in 2023. Horizon Databook has segmented the Singapore 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.

The market in Singapore is expected to witness growth over the coming years on account of the expanding cosmetics, food & beverage, and spa & relaxation industries. Essential oils market in the country is highly competitive in nature due to the presence of several global and domestic companies. Candles of Light, Houghton & Gough, Mmerci Encore, To Be Calm, Frank Skincare, A Dose of Something Good, Hush Candles, Hysses, Wild Products, Rough Beauty, and SoapLah are some of the prominent homegrown companies involved in the production of essential oils-based products.

The high level of competition is urging the market players to launch innovative products. Spa & relaxation segment, which primarily consists of personal care, toiletries, and fragrances, has emerged as the most significant driver for the market growth in Singapore. Expanding cosmetics industry is offering a substantial opportunity for the global and domestic companies to capture the growing customer base across the country. As of 2020, over 70 listed companies were involved in manufacturing and the import of toiletries and cosmetics in Singapore.