According to the current analysis of Reports and Data, the global essential oils (EO) market was valued at USD 7.6 Billion in 2018 and is expected to reach USD 15.1 Billion by the year 2026, at a CAGR of 8.7%. EOs are antiseptic, antibacterial, disinfectant, and biotic in nature, and, depending on the essence used, they may be soothing and relaxing as well. This encourages the use of multipurpose oil in treating a wide variety of ailments. EOs may also be applied in several ways, the most popular being inhalations, compresses, bath, massage, and mainly mixed into creams, lotions, ointments, and vegetable oils.  Change in consumer preference from chemical products to natural products is one of the main driving factors. Another factor is its ability to act as a perfect substitute for various products, such as  cleaning items, replacing the use of benzyl peroxide in the market.

North America is projected to be a key revenue generating region for the market. This can be attributed to the increasing demand for bio-based personal care products and aromatic cleaning agents in the region. Moreover, the rising demand for organic processed foods and beverages is also likely to boost demand in the region. Presence of key players in the region including Biolandes SAS, doTerra International, Ungerer Limited, Aura Cacia, Young Living Essential Oils, and The Nature’s Bounty Co. to name a few, is also forecasted to create lucrative growth opportunities for the market.  Furthermore, the concentration of leading cosmetic industries in the region is also expected to boost the market growth.

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Key participants include Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), dôTERRA International LLC. (U.S.), Young Living Essential Oils (U.S.) and Givaudan SA (Switzerland). Based in the U.S., Young Living Essential Oils is into the production of essential oils and other related products. The company offers a diverse portfolio including lavender, cardamom, basil. Clove, coriander and eucalyptus, to name a few. The products are available in blends and singles for personal care and food applications.

Further key findings from the report suggest

The demand for peppermint essential oil is projected to grow significantly in the coming years. When used medicinally, the product has been found to eliminate harmful bacteria, relieve muscle spasms and flatulence, disinfect and soothe inflamed skin. The topical application of the product has been found to act as an astringent that closes pores and tightens the skin.
Demand for EO for aromatherapy is forecasted to witness a significant increase in the forecast period. Aromatherapy has played a significant role in the field of alternative medicines with a gradual shift from man-made drugs to essential oils to gain therapeutic values. Adverse effects associated with pharmaceuticals have led to an increase in the adoption of naturally developed products. 
North America accounted for a significant share of the total market. The region serves as a key exporter of essential oils globally. According to OEC statistics, in 2017, the region accounted for around 19% of the total exports. The U.S. accounted for USD 698 million exports in 2017 and the major importers were Canada, China, the U.K., Japan, and Singapore to name a few.
For the purpose of this report, Reports and Data has segmented the Essential Oils Market on the basis of product type, method of extraction, application, and region:

Product Type (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

Orange oil
Lemon oil
Lime oil
Peppermint oil
Cornmint oil
Citronella oil
Spearmint oil
Geranium oil
Clove leaf oil
Eucalyptus oil
Jasmine oil
Tea tree oil
Rosemary oil
Lavender oil
Others
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Method of Extraction (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

Distillation
Carbon dioxide extraction
Cold press extraction
Solvent extraction
Others
Application (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026) 

Food & beverage
Cosmetics & toiletries
Aromatherapy
Home care
Health care
Others
Regional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil
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