How big is the Europe Essential Oils Market?

The Europe Essential Oils Market size is expected to reach USD 1.89 billion in 2024 and grow at a CAGR of 5.03% to reach USD 2.42 billion by 2029. Read More

What is the current Europe Essential Oils Market size?

In 2024, the Europe Essential Oils Market size is expected to reach USD 1.89 billion. Read More

Who are the key players in Europe Essential Oils Market?

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

What years does this Europe Essential Oils Market cover, and what was the market size in 2023?

In 2023, the Europe Essential Oils Market size was estimated at USD 1.8 billion. The report covers the Europe Essential Oils Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Essential Oils Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

European Essential Oil Market - Revenue, Size & Share

European Essential Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Europe Essential Oil Companies and 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 Other Product Types), Application (Food and Beverages, Aromatherapy, Pharmaceuticals, Cosmetics and Personal Care, and Other Applications), and Geography (Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe). The report offers market sizes and values in USD million during the forecast period for the abovementioned segments.

Europe Essential Oil Industry Overview

The European essential oils market is consolidated, with the top players controlling the major market shares across the region. Europe has some prominent players operating in the market, namely Sensient Technologies Corporation, Farotti SRL, doTerra, Young Living, and Givaudan, among others. Owing to advancements in technology and the cost of capital, the entry barriers are high and likely to maintain low competition among industry participants. In terms of strategy, major players are vying for new product development, with an intensive focus on R&D that would enable them to establish a stronghold in the European market.