ASIA PACIFIC ESSENTIAL OILS MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia Pacific Essential Oils Market is segmented by Product Type (Lavender Oil, Orange Oil, Eucalyptus Oil, Peppermint Oil, Spearmint Oil, Lemon Oil, Rosemary Oil, Geranium Oil, Tea Tree Oil and Others), by Application (Food & Beverages, Aromatherapy, Pharmaceuticals, Cosmetics & Personal Care, and Others) and by Geography (China, India, Japan, Australia and Rest of Asia Pacific).

Market Snapshot

Market Snapshot1
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 7.26 %

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Market Overview

The Asia Pacific Essential Oils Market is expected to grow at a CAGR of 7.26% over the forecast period, 2020 to 2025.

Across the region, the demand is led by the rising standard of living and high per capita income followed by an increased spending, where the proliferation of the relaxation and wellness industries have heavily influenced the surge in demand for essential oils. 

Furthermore, among some of the countries studied the report, the demand for citrus based essential oil such as that of Oranges and lemon have garnered a significant interest among consumers. The product has witnessed a growing penetration across both household and personal care industry, wherein, the uses of citrus essential oil has escalated in flavours, odourants, and pharmaceutical ingredients segment recently.

Scope of the Report

The Asia Pacific Essential Oils Market is segmented by Product Type as Lavender Oil, Orange Oil, Eucalyptus Oil, Peppermint Oil, Spearmint Oil, Lemon Oil, Rosemary Oil, Geranium Oil, Tea Tree Oil and Others, by Application the market is segmented into Food & Beverages, Aromatherapy, Pharmaceuticals, Cosmetics & Personal Care, and Others. By Geography the market is studied for China, India, Japan, Australia and Rest of Asia Pacific.

By Product Type
Lavender Oil
Orange Oil
Eucalyptus Oil
Peppermint Oil
Spearmint Oil
Lemon Oil
Rosemary Oil
Geranium Oil
Tea Tree Oil
Others
By Application
Food & Beverages
Aromatherapy
Pharmaceuticals
Cosmetics & Personal Care
Others
By Geography
China
India
Japan
Australia
Rest of Asia Pacific

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Key Market Trends

Strong reliance for essential oil in cosmetics & personal care

Essential oils have a wide set of incorporation in cosmetic products, perfumes and related household products in line with their variety of properties but most importantly due to their pleasant odour. Howevr, there is a variation in the composition of volatile natural complex mixtures and largely vary depending on the quality of plant material or the extraction process. These factors are highly important in ensuring that personal care products have a safe incorporation of essential oils as the base ingredient.

Furthermore, as essential oil pose both antimicrobial and antifungal properties, cosmetic preparations such as gels, creams and ointments doesn't require and additional chemical preservative if they contain an essential oil or a single compound as an active agent, as that of rosemary oil. This has led manufacturers to incorporate essential oil, that elevates the existing properties of oinment, gels and creams altogether.

Market Share, By Application, Asia Pacific, 20191

China is expected to witness high growth rate

In recent years, the Chinese essential oil industry has maintained rapid growth propelled by the rapid growth in domestic demand. However, with the onset of rapid development of the industry, the development of various regions is uneven. Furthermore, the online presence of most of the manufacturers have slowly proved to be beneficials as they are reaching out to a broader consumer base. 

On the other hand, the consumption habits of the audience are mature, and the concentration of consumption is high, that being said, the overall consumption characteristics are similar to those of the internationally developed regions. International essential oil brands have a strong hold in first-tier cities, and occupy a significant competitive advantage by virtue of their strong brand status.

Import value of Essential oil, by Country, Asia Pacific, USD million,  20151

Competitive Landscape

The Asia Pacfic Essential oil market is competitive with a strong presence of regional players holding a dominating position in specific region. Major players operating in the market are aroma treasures, Young living essential oils, Ultra Intrenational B.V., do Terra among others.

New product development and expansion are some of the key strategies adapted by players that allows them to have a strong hold in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definitions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Lavender Oil

      2. 5.1.2 Orange Oil

      3. 5.1.3 Eucalyptus Oil

      4. 5.1.4 Peppermint Oil

      5. 5.1.5 Spearmint Oil

      6. 5.1.6 Lemon Oil

      7. 5.1.7 Rosemary Oil

      8. 5.1.8 Geranium Oil

      9. 5.1.9 Tea Tree Oil

      10. 5.1.10 Others

    2. 5.2 By Application

      1. 5.2.1 Food & Beverages

      2. 5.2.2 Aromatherapy

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Cosmetics & Personal Care

      5. 5.2.5 Others

    3. 5.3 By Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Aroma Treasures

      2. 6.4.2 Ultra International B.V.

      3. 6.4.3 Organic Harvest

      4. 6.4.4 Young Living

      5. 6.4.5 Do Terra

      6. 6.4.6 AT-Aroma Co Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. ANALYST VIEW ON MARKET POTENTIAL

  9. 9. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The Asia Pacific Essential Oils Market market is studied from 2016 - 2026.

The Asia Pacific Essential Oils Market is growing at a CAGR of 7.26% over the next 5 years.

do Terra, Young Living Essential Oils, Organic Harvest, Aroma Treasures are the major companies operating in Asia Pacific Essential Oils Market.

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