Home Food & Beverages Essential Oil Isolate Market Size, Growth, Trends and Forecast to 2031

Essential Oil Isolate Market

Essential Oil Isolate Market Size, Share & Trends Analysis Report By Source (Fruit, Herb, Leaves, Seeds, Wood, Peel, Root), By Application (Cosmetic Industry, Pharmaceutical Industry, Aromatherapy), By Distribution Channel (B2B, B2C) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRFB738DR
Study Period 2020-2032 CAGR 10.9%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market Asia-Pacific Fastest Growing Market North America
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Market Overview

The global essential oil isolate market size is expected to grow at a CAGR of 10.9% during the forecast period, 2023–2031.

Essential oil isolates are highly concentrated compounds obtained from plants with a specific scent, which are extensively used by the fragrance manufacturing companies. They are often used in aromatherapy as basic perfume or in oils, soaps, candles, and cosmetic products. The purest essential oil isolates are obtained from jasmine, eucalyptus, lavender, corn mint, lemon, clove, tea tree, and orange. Also, they're a good source of bioactive compounds and antimicrobial and antioxidants properties; hence they are witnessing huge demand from the pharmaceutical sector. For instance, eucalyptus essential oil improves immunity and helps to cure cough and cold and relieve pain caused by arthritis.

The market’s most prominent driver is the rising awareness regarding natural and organic products among the customers. The increasing number of small, medium, and large scale manufacturers across the globe provide impetus to market growth. The manufacturers are applying differential strategies to sustain in the raging competition. Some players are hiring celebrities to promote their newly launched essential oil isolates.


Market Dynamics

Consumer Inclination Toward Aromatherapy to Improve Metabolism, Blood Circulation, Digestion

Rising health consciousness among consumers, changing lifestyle, social media influence, and increasing spending power drive the market growth. The essential oils and essential oil isolates are extensively used in aromatherapy. Consumers are inclining toward aromatherapy to improve metabolism, blood circulation, digestion, and hormonal function. The global market for aromatherapy was valued at USD 1.3 billion in 2018 and is expected to grow with a CAGR of 10.4%.  As per the article published by Sciencedirect, aromatherapy suitsa large number of people. In research, about 3000 patients were given aromatherapy, and only 1.67% of the patients have faced any complications.

Regional Analysis

Rising Awareness Regarding Beauty Drives Asia-Pacific’s Essential Oil Isolate Market

The Asia-Pacific’s essential oil isolate market is bolstered by the rising awareness regarding beauty, which is subsequently driving the demand for cosmetic products in India, China, Japan, and South Korea. For instance, as per the report published by the Ministry of Economy and Industry,  India’s per capita spending on beauty and personal care products was around USD 6.3  in 2015. Asia-Pacific is the hub for manufacturers of essential oil isolate due to the easy availability of raw material and low labor costs. Apart from this, the booming agriculture sector is bolstering the market growth in the region. Asia-Pacific is the largest producer of corn, clove, lemon, and orange, among others, which are primary ingredients for essential oil isolate.

North America is also a significant region in the essential oil isolate market owing to the huge pharmaceutical market and the presence of prominent healthcare and pharmaceutical players. In the year the 2018, North America alone has accounted for 48.9% of the global pharmaceutical market. Also, as per a report published by ACS Publications, U.S. is the largest importer of the essential oil (USD 2,721 million), the U.S. consumes around 40% of the total global essential oil. After U.S. the second larger importer of essential oil is Europe account for around 30% followed by Japan with 7% of the global imports.

Also, as per the report published by ACS Publications, Africa is among the largest producer and consumers of essential oils. The region is largely export essential oils to U.S., Europe, Japan, among others.

Report Scope

Report Metric Details
By Source
  1. Fruit
  2. Herb
  3. Leaves
  4. Seeds
  5. Wood
  6. Peel
  7. Root
By Application
  1. Cosmetic Industry
  2. Pharmaceutical Industry
  3. Aromatherapy
By Distribution Channel
  1. B2B
  2. B2C
    1. Store-based Retailing
      1. Supermarket/Hypermarket
      2. Convenience Stores
      3. Drugs and Pharmacies
    2. Online Retailing
Company Profiles Advanced Biotech Plant Therapy Soap & Salve Company Hermitage Oils Essential Oils NOW Foods DoRTerra FlavexNaturextrakte GmbH Ungerer and Company, Inc. Young Living Essential Oils India Essential Oils Cedarome The Lebermuth Company Aftelier Perfumes Perfumer’s Apprentice Aromatic Natural Skin Care
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Rapidly Growing Cosmetic Industry to Drive the Essential Oil Isolates Market Growth

The growing awareness among consumers regarding beauty and health is a significant factor driving the essential oil isolates market. The increasing demand for natural cosmetic products across the globe provides an impetus to market growth; as per the statistics given by Statista, the natural cosmetic market was valued at around USD 800 million in 2019 and is expected to grow with a CAGR of 6.6%. India, China, and Brazil are leading contributors to the market due to rising consumer spending on cosmetic and personal care products. As per the report published by the Ministry of Economy and Industry, the Indian beauty and personal care industry was valued at USD 8 billion in 2018 and is expected to grow at a CAGR of 6%.

Personal Care and Pharmaceutical Industry are Significant Segments for Essential Oil Isolate Market

The rapidly growing pharmaceutical industry will have a great impact on the essential oil isolates market in the near future. The global pharmaceutical market value was USD 1,204.8 billion in 2018.  Essential oil isolates such as aniseed oil isolates, agarwood oil isolates, benzoin oil isolates, bitter orange oil isolates, black pepper oil isolates, among others are extensively used in the pharmaceutical and personal care products owing to their various benefits. For instance, Aniseed oil is highly effective in the treatment of whooping cough, cramps, colic, bronchitis, rheumatism, flatulence migraines, headaches, muscular aches, and pains. Likewise, black pepper oil isolate is helpful in the treatment of chills, colds, muscular aches, exhaustion, rheumatism, pain relief, flu, increase circulation, physical & emotional coldness, nerve tonic, and fevers. Cajuput oil isolate helps efficiently with infections like bronchitis, laryngitis & colds. It is also effective in asthma, sinusitis and sore throat etc. Bitter orange oil is effective in providing relief from colds, flu, mouth, constipation, flatulence, gums, slow digestion, and stress.

Market Size By Source

Top Key Players

Advanced Biotech Plant Therapy Soap & Salve Company Hermitage Oils Essential Oils NOW Foods DoRTerra FlavexNaturextrakte GmbH Ungerer and Company, Inc. Young Living Essential Oils India Essential Oils Cedarome The Lebermuth Company Aftelier Perfumes Perfumer’s Apprentice Aromatic Natural Skin Care Others

Frequently Asked Questions (FAQs)

What is the growth rate for the Essential Oil Isolate Market?
Essential Oil Isolate Market size will grow at approx. CAGR of 10.9% during the forecast period.
Some of the top industry players in Essential Oil Isolate Market are, Advanced Biotech, Plant Therapy, Soap & Salve Company, Hermitage Oils, Essential Oils, NOW Foods, DoRTerra, FlavexNaturextrakte GmbH, Ungerer and Company, Inc., Young Living Essential Oils, India Essential Oils, Cedarome, The Lebermuth Company, Aftelier Perfumes, Perfumer’s Apprentice, Aromatic Natural Skin Care, etc.
Asia-Pacific has held a dominant position in the Essential Oil Isolate Market, with the largest market share.
The North America region has experienced the highest growth rate in the Essential Oil Isolate Market.
The global Essential Oil Isolate Market report is segmented as follows: By Source, By Application, By Distribution Channel

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