Essential oils market in Europe is growing due to the increased consumer demand for aromatherapy products

The global essential oils market size is estimated to be valued at USD 8.8 billion in 2022 and is projected to reach USD 15.3 billion by 2027, recording a CAGR of 11.8% in terms of value.

The market is growing due to its wide application and increased awareness among consumers globally. Essential oils are being used in new domains as they have various health benefits and less known side effects. The North American region dominates the global essential market, owing to the growing trends of having a healthy lifestyle and consumers being more aware of the ingredients being used in their products. Furthermore, growing applications of essential oils have increased the R&D and new product innovations which are expected to drive the global market in the forecasted period.

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The growth of the essential oils market in Europe is driven by the demand for products being sold as aromatherapy cosmetics to the consumers

Europe is one of the largest markets for essential oil products, owing to the increased awareness of their benefits. Food & beverage companies are innovating to produce various essential oil-based beverages and foods to meet consumer demand. European buyers are preferring value-added food products, and manufacturers are preferring to use essential oils in this domain due to their wide range of applications. The consumers’ growing demand for high-quality environmentally friendly products is expected to drive the market in Europe.

Apart from this, Europe is one of the major importers of essential oil due to the increased consumer demand for aromatherapy products by developing “aromatherapy cosmetics.” The European cosmetics and personal care market is one of the largest in the world and presents an attractive opportunity for suppliers and producers of essential oils from developing countries. The consumer demand for cosmetics products that do not contain chemicals is expected to fuel market growth.

Europe remains one of the important markets for companies that produce essential oils due to its regulatory environment. Major companies of Europe leading in this market are Symrise (Germany), ROBERTET SA (France), MANE (France), and NHR Organic Oils (UK).

key players in this market include Cargill, Incorporated (US), DSM (Netherlands), Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Symrise (Germany), Robertet SA (France), MANE (France), doTERRA (US), NOW Foods (US), Lebermuth, Inc. (US), BIOLANDES (France), Norex Flavours Private Limited (India) and India Essential Oils (India).

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