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

Europe 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 (Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe).

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Market Snapshot

Market Snapshot1
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.32 %

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Market Overview

The Europe Essential Oil Market is expected to grow at a CAGR of 5.32% during the forecast period, 2020 to 2025.

Growing awareness regarding the benefits of aromatherapy at homes as it aids in pain relief, cognitive function, brain stimulation, mood enhancement and support cognitive function is expected to create immense growth opportunities over the upcoming years.

The demand for orange, lemon, and eucalyptus oils is increasing at an exponential rate and the industry is no longer able to keep up with the rapidly increasing consumer demand. Suppliers are also forced to increase prices of aromatic crops as they struggle to compete with other commodities and feed crops. These factors are likley to hinder the growth further in the region.

Scope of the Report

The Europe 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 Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe.

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
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe

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Key Market Trends

The rise of Aromatherapy in Europe

The interest across aromatherapy in Europe has grown over th past years, leading to a significant growth in demand for high value essential and vegetable oils and hydrolates, mostly in its use as a natural ingredients. Consumers are increasingly using aromatherapy for specific health issues, especially in France and Germany, where aromatherapy is used as a medical treatment in the context of phytotherapy.

As a result of the healthy living trend in Europe, there is a renewed interest in aromatherapy and other natural remedies. Hectic life schedules is one of the main concern that has led consumers to undertake more responsibility for their personal health, integrating mental and physical wellbeing. Furthermore, the increased interest in aromatherapy is also reflective of the massive and growing amount of information that is available to consumers and companies on aromatherapy. 

Leading European importers of essential oils, By Share, 20171

The growing share of essential oil in cosmetics & personal care

The european cosmetic industry has evolved over the past years and by far the largest market for both cosmetics and personal care market in Europe is Germany and France followed by United Kingdom. Through consumers perspective, majority of the consumption is meant to protect their health, boosting their self-esteem and overall enhancing their well-being.

The safe use of essential oils in cosmetic products depends on both the quality of raw materials used and the extraction method by which the neat essential oil is produced. By far, as quoted by Caribbean Export Deveopment Agency, the natural cosmetics are growing at an annual rate of 8-10% in the EU, while increasing the demand for natural ingredients like essential oils alltogether. Furthermore, across the United Kingdom, certified natural and organic cosmetics market is at an all-time high as sustainable shoppers will eventually continue to drive the market for green beauty.

European Market for Cosmetic Pr1oducts, By Value, Euro Billion, 2018

Competitive Landscape

The Europe Essential Oils Market has some of the prominent players operating namely Young Living Essential Oils, Rocky Mountain Oils, LLC, Robertet SA, Givaudan, Sensient Technologies Corporation, the Eden Garden among others.

Owing to advancements in technology and cost of capital the entry barriers are high and is likely to maintain low competition among industry participants. In terms of strategy, major players are vying on new product development, with intensive focus on R&D that will enable them to establish a strong hold in the European market. As of April 2018, Edens Garden launched a natural bar soap collection made with 100% pure essential oils. Furthermore, in the same year, the company introduced essential oils candles made with nontoxic ingredients.

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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 Spain

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Germany

      5. 5.3.5 Russia

      6. 5.3.6 Italy

      7. 5.3.7 Rest of Europe

  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 Sensient Technologies Corporation

      2. 6.4.2 Givaudan

      3. 6.4.3 Eden Garden

      4. 6.4.4 Young Living

      5. 6.4.5 Farotti Essenze

      6. 6.4.6 Do Terra

      7. 6.4.7 Rocky Mountain Essential Oils

      8. 6.4.8 Roberta S.A.

      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 Europe Essential Oils Market market is studied from 2016 - 2026.

The Europe Essential Oils Market is growing at a CAGR of 5.32% over the next 5 years.

Sensient Technologies Corporation, Farotti S.R.L., Givaudan, doTerra, Young Living are the major companies operating in Europe Essential Oils Market.

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