Home / Food & Beverage / Essential Oils Market By Products (Orange, Citronella, Corn Mint, Eucalyptus, Lemon, Clove Leaf), By Applications (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care Products, Spa And Salon Products, Household Cleaning Products) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Essential Oils Market By Products (Orange, Citronella, Corn Mint, Eucalyptus, Lemon, Clove Leaf), By Applications (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care Products, Spa And Salon Products, Household Cleaning Products) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Published: Jul 2016 | Report Code: 58010-07-16

Essential oils have its existence around the globe since centuries as a healing agent and for various application due to its aroma and flavor properties. The use of essential oil dated since 4500 B.C.E., by the Egyptians for medicinal uses and beauty products. Since, then the essentials oils have been known to mankind as a healing agent and as beauty product due to its aroma. Wide range of essential oils are present in the market which are used in various end-user industries including food, cosmetic and personal care products, pharmaceutical and household cleaning products among others. Essential oils are added to food items and beverages due to its aroma and flavor, it is used in the cosmetic and personal care products and pharmaceutical industry due to its medicinal properties, used in household cleaning products due to its aromatic properties. The household cleaning products which make use of essential oils are air fresheners, mosquito repellents and furniture cleaning products among others. Other uses of essential oils are into making scented candles, and scented gif items among others. Hence, high demand is reported for essential oils in the market.

The various types of essential oils used in wide range of end-user industries are orange, citronella, corn mint, eucalyptus, lemon, clove leaf and others. Among these, orange oil is used on a large scale due to its medicinal and aromatic properties in wide range of end-user industries. Corn mint accounted as the second largest product segment of global essential oils market in 2015 and is anticipated to increase in the near future. Other essential oils are also projected to boost high growth of global essential oils market in the near future.

Essential oils market is expected to reach over US$ 9.6 Bn by 2022, growing at a CAGR of more than 8.8% during the forecast period 2016-2022.

Essential Oils Market

Purpose of the Report

The purpose of this strategic research study titled “Global Essential oils Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global essential oils market.

Target Audience

§  Industry Investors

§  Essential Oils Providers/Vendors

§  Research Professionals

§  Emerging Companies

§  Raw Material Suppliers/ Buyers

§  Product Suppliers/ Buyers

§  Research Institutes

USP and Key Offerings

The report titled “Global Essential oils Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2022” offers strategic insights into the global essential oils market along with the market size and estimates for the duration 2016 to 2022. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading essential oils vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within essential oils industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global essential oils market, of growth, offering market size and estimates for the period from 2016 to 2022, keeping in mind the above mentioned factors.

Chapter 1 Preface 14
1.1 Report Description 14
1.1.1 Purpose of the Report 14
1.1.2 Target Audience 14
1.1.3 USP and Key Offerings 14
1.2 Research Scope 15
1.3 Market Segmentation 16
1.4 Research Methodology 16
1.4.1 Phase I – Secondary Research 17
1.4.2 Phase II – Primary Research 17
1.4.3 Phase III – Expert Panel Review 18
1.4.4 Approach Adopted 18

Chapter 2 Executive Summary 19
2.1 Market Snapshot: Global Essential Oils Market 19
2.2 Global Essential Oils Market, By Products 20
2.3 Global Essential Oils Market, By Applications 21
2.4 Global Essential Oils Market, By Geography 22

Chapter 3 Market Dynamics 24
3.1 Introduction 24
3.3 Market Drivers 25
3.4 Market Growth Inhibitors 28
3.5 Opportunities 29
3.5.1 Impact Analysis of Drivers and Restraints 31
3.6 Attractive Investment Proposition 32
3.7 Competitive Analysis 33
3.7.1 Market Positioning of Key Companies 33

Chapter 4 Global Essential Oils Market Analysis, By Products 34
4.1 Overview 34
4.2 Orange 35
4.2.1 Global Essential Oils Market Volume and Revenue for Orange, 2014 – 2022, (Kilo Tons) (US$ Mn) 36
4.3 Citronella 37
4.3.1 Global Essential Oils Market Volume and Revenue for Citronella, 2014 – 2022, (Kilo Tons) (US$ Mn) 37
4.4 Corn Mint 38
4.4.1 Global Essential Oils Market Volume and Revenue for Corn Mint, 2014 – 2022, (Kilo Tons) (US$ Mn) 39
4.5 Eucalyptus 39
4.5.1 Global Essential Oils Market Volume and Revenue for Eucalyptus, 2014 – 2022, (Kilo Tons) (US$ Mn) 40
4.5 Lemon 39
4.5.1 Global Essential Oils Market Volume and Revenue for Lemon, 2014 – 2022, (Kilo Tons) (US$ Mn) 40
4.5 Clove Leaf 39
4.5.1 Global Essential Oils Market Volume and Revenue for Clove Leaf, 2014 – 2022, (Kilo Tons) (US$ Mn) 40
4.5 Others 39
4.5.1 Global Essential Oils Market Volume and Revenue for Others, 2014 – 2022, (Kilo Tons) (US$ Mn) 40

Chapter 5 Global Essential Oils Market Analysis, By Applications 41
5.1 Overview 41
5.2 Food & Beverages 42
5.2.1 Global Essential Oils Market Volume and Revenue for Food & Beverages, 2014 – 2022, (Kilo Tons) (US$ Mn) 43
5.3 Pharmaceutical 43
5.3.1 Global Essential Oils Market Volume and Revenue for Pharmaceutical, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
5.3 Cosmetics & Personal Care Products 43
5.3.1 Global Essential Oils Market Volume and Revenue for Cosmetics & Personal Care Products, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
5.3 Spa and Salon Products 43
5.3.1 Global Essential Oils Market Volume and Revenue for Spa and Salon Products, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
5.3 Household Cleaning Products 43
5.3.1 Global Essential Oils Market Volume and Revenue for Household Cleaning Products, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
5.3 Others 43
5.3.1 Global Essential Oils Market Volume and Revenue for Others, 2014 – 2022, (Kilo Tons) (US$ Mn) 44

Chapter 6 North America Essential Oils Market Analysis 45
6.1 Overview 45
6.1.1 North America Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 45
6.2 North America Essential Oils Market Analysis, By Products, 2014 – 2022 (Kilo Tons) (US$ Mn) 46
6.2.1 SRC Analysis 46
6.3 North America Essential Oils Market Analysis, By Applications, 2014 – 2022 (Kilo Tons) (US$ Mn) 47
6.3.1 SRC Analysis 47
6.4 North America Essential Oils Market Analysis, By Country, 2014 – 2022 (Kilo Tons) (US$ Mn) 48
6.4.1 U.S. Essential Oils Market Revenue and Volume, 2014 – 2022 (Kilo Tons) (US$ Mn) 48
6.4.1.1 Comparative Analysis of North America Essential Oils Market Revenue, By Country, 2014 – 2022, (US$ Mn) 49

Chapter 7 Europe Essential Oils Market Analysis 50
7.1 Overview 50
7.1.1 Europe Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 50
7.2 Europe Essential Oils Market Analysis, By Products, 2014 – 2022 (Kilo Tons) (US$ Mn) 51
7.2.1 SRC Analysis 51
7.3 Europe Essential Oils Market Analysis, By Applications, 2014 – 2022 (Kilo Tons) (US$ Mn) 52
7.3.1 SRC Analysis 52
7.4 Europe Essential Oils Market Analysis, By Country, 2014 – 2022 (Kilo Tons) (US$ Mn) 53
7.4.1 EU (U.K., France, Germany) Essential Oils Market Revenue and Volume, 2014 – 2022 (Kilo Tons) (US$ Mn) 53
7.4.1.1 Comparative Analysis of Europe Essential Oils Market Revenue, By Country, 2015, (US$ Mn) 54

Chapter 8 Asia Pacific Essential Oils Market Analysis 55
8.1 Overview 55
8.1.1 Asia Pacific Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 55
8.2 Asia Pacific Essential Oils Market Analysis, By Products, 2014 – 2022 (Kilo Tons) (US$ Mn) 56
8.2.1 SRC Analysis 56
8.3 Asia Pacific Essential Oils Market Analysis, By Applications, 2014 – 2022 (Kilo Tons) (US$ Mn) 57
8.3.1 SRC Analysis 57
8.4 Asia Pacific Essential Oils Market Analysis, By Country, 2014 – 2022 (Kilo Tons) (US$ Mn) 58
8.4.1 Comparative Analysis of Asia Pacific Essential Oils Market Revenue, By Country, 2015, (US$ Mn) 59

Chapter 9 Middle East & Africa Essential Oils Market Analysis 60
9.1 Overview 60
9.1.1 Middle East & Africa Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 60
9.2 Middle East & Africa Essential Oils Market Analysis, By Products, 2014 – 2022 (Kilo Tons) (US$ Mn) 61
9.2.1 SRC Analysis 61
9.3 Middle East & Africa Essential Oils Market Analysis, By Applications, 2014 – 2022 (Kilo Tons) (US$ Mn) 62
9.3.1 SRC Analysis 62

Chapter 10 Latin America Essential Oils Analysis 64
10.1 Overview 64
10.1.1 Latin America Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 64
10.2 Latin America Essential Oils Market Analysis, By Products 2014 – 2022 (Kilo Tons) (US$ Mn) 65
10.2.1 SRC Analysis 65
10.3 Latin America Essential Oils Market Analysis, By Applications 2014 – 2022 (Kilo Tons) (US$ Mn) 66
10.3.1 SRC Analysis 66

Chapter 11 Company Profiles 68
11.1 Biolandes 68
11.1.1 Biolandes: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 68
11.2 Essential Oils of New Zealand 70
11.2.1 Essential Oils of New Zealand: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 70
11.3 Farotti Essenze 72
11.3.1 Farotti Essenze: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 72
11.4 Falcon 74
11.4.1 Falcon: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 74
11.5 H. Reynaud & Fils (HRF) 75
11.5.1 H. Reynaud & Fils (HRF): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 75
11.6 The Lebermuth Company 77
11.6.1 The Lebermuth Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 77
11.7 Moksha Lifestyle Products 79
11.7.1 Moksha Lifestyle Products: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 79
11.8 Young Living Essential Oils 81
11.8.1 Young Living Essential Oils.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 81
11.9 Ungerer Limited 83
11.9.1 Ungerer Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 83
11.9 West India Spices Inc 83
1.9.1 West India Spices Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 83

List Of Table :

TABLE 1 Market Snapshot: Global Essential Oils Market 19
TABLE 2 Impact Indicators 31
TABLE 3 Impact Analysis of Drivers and Restraints 31
TABLE 4 North America Essential Oils Market Volume, By Products, 2014 – 2022 (Kilo Tons) 46
TABLE 5 North America Essential Oils Market Revenue, By Products, 2014 – 2022 (US$ Mn) 47
TABLE 6 North America Essential Oils Market Volume, By Applications, 2014 – 2022 (Kilo Tons) 48
TABLE 7 North America Essential Oils Market Revenue, By Applications, 2014 – 2022 (US$ Mn) 48
TABLE 8 Europe Essential Oils Market Volume, By Products, 2014 – 2022 (Kilo Tons) 51
TABLE Europe Essential Oils Market Revenue, By Products, 2014 – 2022 (US$ Mn) 52
TABLE 10 Europe Essential Oils Market Volume, By Applications, 2014 – 2022 (Kilo Tons) 53
TABLE 11 Europe Essential Oils Market Revenue, By Applications, 2014 – 2022 (US$ Mn) 53
TABLE 12 Asia Pacific Essential Oils Market Volume, By Products, 2014 – 2022 (Kilo Tons) 56
TABLE 13 Asia Pacific Essential Oils Market Revenue, By Products, 2014 – 2022 (US$ Mn) 57
TABLE 14 Asia Pacific Essential Oils Market Volume, By Applications, 2014 – 2022 (Kilo Tons) 57
TABLE 15 Asia Pacific Essential Oils Market Revenue, By Applications, 2014 – 2022 (US$ Mn) 58
TABLE 16 Middle East & Africa Essential Oils Market, By Products, 2014 – 2022 (Kilo Tons) 61
TABLE 17 Middle East & Africa Essential Oils Market, By Products, 2014 – 2022 (US$ Mn) 62
TABLE 18 Middle East & Africa Essential Oils Market, By Applications, 2014 – 2022 (Kilo Tons) 62
TABLE 19 Middle East & Africa Essential Oils Market, By Applications, 2014 – 2022 (US$ Mn) 63
TABLE 20 Latin America Essential Oils Market, By Products, 2014 – 2022 (Kilo Tons) 65
TABLE 21 Latin America Essential Oils Market, By Products, 2014 – 2022 (US$ Mn) 66
TABLE 22 Latin America Essential Oils Market, By Applications, 2014 – 2022 (Kilo Tons) 66
TABLE 23 Latin America Essential Oils Market, By Applications, 2014 – 2022 (US$ Mn) 67
TABLE 24 Biolandes: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 68
TABLE 25 Essential Oils of New Zealand: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 70
TABLE 26 Farotti Essenze: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 72
TABLE 27 Falcon: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 74
TABLE 28 H. Reynaud & Fils (HRF): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 75
TABLE 29 The Lebermuth Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 77
TABLE 30 Moksha Lifestyle Products: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 79
TABLE 31 Young Living Essential Oils: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 81
TABLE 32 Ungerer Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 83
TABLE 32 West India Spices Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 83

List Of Figure :

FIG. 1 Global Essential Oils: Market Segmentation 16
FIG. 2 Global Essential Oils Market: Research Methodology 17
FIG. 3 Global Essential Oils Market, By Products, 2015 (US$ Mn) 21
FIG. 4 Global Essential Oils Market, By Applications, 2015 (US$ Mn) 22
FIG. 5 Global Essential Oils Market, By Geography, 2015 and 2022 (US$ Mn) 23
FIG. 6 Attractive Investment Proposition 32
FIG. 7 Market Positioning of Key Essential Oils Companies, 2015 33
FIG. 8 Global Essential Oils Market Revenue, By Products, 2015 & 2022 (US$ Mn) 35
FIG. 9 Global Essential Oils Market Volume and Revenue for Orange, 2014 – 2022, (Kilo Tons) (US$ Mn) 36
FIG. 10 Global Essential Oils Market Volume and Revenue for Citronella, 2014 – 2022, (Kilo Tons) (US$ Mn) 37
FIG. 11 Global Essential Oils Market Volume and Revenue for Corn Mint, 2014 – 2022, (Kilo Tons) (US$ Mn) 39
FIG. 12 Global Essential Oils Market Volume and Revenue for Euclayptus, 2014 – 2022, (Kilo Tons) (US$ Mn) 40
FIG. 13 Global Essential Oils Market Volume and Revenue for Lemon, 2014 – 2022, (Kilo Tons) (US$ Mn) 39
FIG. 14 Global Essential Oils Market Volume and Revenue for Clove Leaf, 2014 – 2022, (Kilo Tons) (US$ Mn) 39
FIG. 15 Global Essential Oils Market Volume and Revenue for Others, 2014 – 2022, (Kilo Tons) (US$ Mn) 39
FIG. 16 Global Essential Oils Market Revenue, By Applications, 2015 & 2022 (US$ Mn) 42
FIG. 17 Global Essential Oils Market Volume and Revenue for Food & Beverages, 2014 – 2022, (Kilo Tons) (US$ Mn) 43
FIG. 18 Global Essential Oils Market Volume and Revenue for Pharmaceuticals, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
FIG. 19 Global Essential Oils Market Volume and Revenue for Cosmetics & Personal Care Products, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
FIG. 20 Global Essential Oils Market Volume and Revenue for Spa and Salon Products, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
FIG. 21 Global Essential Oils Market Volume and Revenue for Household Cleaning Products, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
FIG. 22 Global Essential Oils Market Volume and Revenue for Others, 2014 – 2022, (Kilo Tons) (US$ Mn) 44
FIG. 23 North America Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 45
FIG. 24 Comparative Analysis of North America Essential Oils Market Revenue, By Country, 2014 – 2022, (US$ Mn) 49
FIG. 25 Europe Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Bn) 50
FIG. 26 Comparative Analysis of Europe Essential Oils Market Revenue, By Country, 2015, (US$ Mn) 54
FIG. 27 Asia Pacific Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 55
FIG. 28 Comparative Analysis of Asia Pacific Essential Oils Market Revenue, By Region, 2015, (US$ Mn) 59
FIG. 29 Middle East & Africa Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 60
FIG. 30 Latin America Essential Oils Market Volume and Revenue, 2014 – 2022, (Kilo Tons) (US$ Mn) 64

On the basis of characteristics and function, the essential oils market is categorized into following products:

  • Orange
  • Citronella
  • Corn Mint
  • Eucalyptus
  • Lemon
  • Clove Leaf
  • Others (Spear Mint, Lime, etc.)

 Essential Oils Market

The use of essential oils has been reported from thousands of years for cosmetic purposes. Basically, essential oils are hydrophobic liquids which are highly concentrated and consist of volatile aromatic compounds from plants. These oils are also known by the name of ethereal oils, volatile oils and aetherolea or as the oil of plant from which it is extracted. Based on products, the global essential oils market was segmented into orange oil, citronella, corn mint, eucalyptus, lemon, clove leaf and others. Among these, orange oil accounted for larger share of global essential oils market in 2015 and is expected to increase in the near future. It accounted for more than 30% share of global essential oils market in 2015 and is anticipated to increase in the near future. Growing demand for orange oil from the cosmetic and food & beverage industry is expected to boost market growth of essential oils worldwide. Corn Mint accounted as the second largest product segment of global essential oils market and is expected to experience strong demand in the global market. Growing demand for corn oil from the cosmetic and pharmaceutical industry is expected to fuel market demand for essential oils in the market. Other products such as eucalyptus, lemon, clove leaf, lavender and chamomile are also anticipated to experience high growth due to its use in manufacturing sports equipment disinfections, air fresheners and personal care products.

On the basis of its application, the essential oils market is categorized into following segments:

  • Food & Beverages
  • Pharmaceutical
  • Cosmetics & Personal Care Products
  • Spa & Salon Products
  • Household Cleaning Products
  • Others

Essential Oils Market

Based on aromas and flavorings, the global essential oils market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care products, spa and salon products, household cleaning products and others. Essential oils are widely used as aroma and flavoring agents in wide range of products in various end-user industries. Food & beverages industry dominated the global essential oils market in 2015 and is expected to increase in the near future. Growing demand for orange oil from the food & beverage industry due to its beneficial properties is expected to boost growth of global essential oils market. Growing demand for nutritional products due to high trend of nutrition diet has promoted the growth of wide range of essential oils used in manufacturing nutritional products. Spa and salon products accounted as the second largest application segment of essential oils in 2015. The use of essential oils in manufacturing various aromatic products used for spa and in salon have is the major factor driving the growth of essential oil market worldwide. Hence, high demand is reported for essential oils from the spa and solon products manufacturing industries in the market. Cosmetic and personal care products also make high use of essential oils in wide range of products for aroma and fragrance. Therefore, cosmetics & personal care products industry is also anticipated to boost high growth of essential oils market. Other applications such as pharmaceuticals, household cleaning products and others are also anticipated to fuel high demand for essentials oils market during the forecast period from 2016 to 2022.

On the basis of geography, the global essential oils market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
  • Latin America

Essential Oils Market

Europe dominated the global essential oils market in 2015 due to the rising demand for natural beauty products and cosmetics in the region. In addition, growing demand for neutraceuticals from the geriatric population is also expected to boost market demand for essential oils in the region. Germany, France and Spain are the major countries contributing to high demand for essential oils in the region. However, growth of essential oils is expected to be moderate in the coming years due to saturated market in the region. North America accounted as the second largest market for essential oils in 2015 and is anticipated to experience high growth in the near future. Increasing per capita income of people in Canada and U.S. and rising consumer awareness among the population in North America is the major factor driving the growth of essential oils market. Asia Pacific accounted as third largest and fastest growing market for essential oils and is projected to increase during the forecast period. Rising disposable income and knowledge regarding products manufactured using natural and synthetic raw materials is anticipated to boost market growth for essential oils in the region. Middle East & Latin America are also projected to contribute to the demand for essential oils during the forecast period from 2016 to 2022.

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