U.S. Essential Oils Market Size & Outlook, 2023-2030
U.S. essential oils market, 2018-2030 (US$M)
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U.S. essential oils market highlights
- The U.S. essential oils market generated a revenue of USD 8,617.1 million in 2023 and is expected to reach USD 16,523.5 million by 2030.
- The U.S. 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 8,617.1 million |
| Market revenue in 2030 | USD 16,523.5 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, U.S. accounted for 36.3% 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 North America, U.S. essential oils market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,523.5 million by 2030.
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Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 9.09% in 2023. Horizon Databook has segmented the U.S. 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 U.S. emerged as the largest market for essential oils in North American region in 2020. The concentration of personal care companies in the country coupled with the rising popularity of aromatherapy is projected to boost the market growth. Relaxed regulations and the absence of taxes on the import of goods emerged as the primary factors influencing the demand for essential oils & floral extracts on a positive note across the country.
The country is the largest exporter as well as importer of essential oils. Germany, the UK, Canada, Japan, and several other Asian nations are the major exporters of essential oils from the U.S. The country fulfills its demand for sandalwood and frankincense oils by importing the same from India, Somalia, and some other Central African countries.
In the U.S., Food and Drug Administration (FDA) is the regulatory body governing essential oils market and has prescribed several regulations and standards for their labeling and packaging. Federal Food, Drug, And Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act (FPLA) are some of the major acts applicable to essential oils market in the country.
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Our clientele includes a mix of essential oils market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. essential oils market , including forecasts for subscribers. This country databook contains high-level insights into U.S. essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. essential oils market size, by product, 2018-2030 (US$M)
U.S. Essential Oils Market Outlook Share, 2023 & 2030 (US$M)
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