Middle East and Africa Essential Oil Market is Estimated to Progress at a CAGR of 18.1% during the Forecast till 2029

PRESS RELEASE
Published April 18, 2023

Data Bridge Market Research analyses that the essential oil market was valued at USD 4.33 million in 2021 and is expected to reach the value of USD 16.39 million by 2029, at a CAGR of 18.1% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

A class and transparency is strictly maintained while carrying out research studies of the credible Middle East and Africa Essential Oil Market report to offer an exceptional market research report for a specific niche. By unearthing the best market opportunities, resourceful information is offered to prosper in the market. The report also measures market drivers, market restraints, challenges, opportunities and key developments in the market.  With such data and facts it becomes easy to have an actionable ideas, enhanced decision-making and better mapping business strategies. Thus, the consistent and extensive market information of the winning Middle East and Africa Essential Oil Market business report will definitely help grow business and improve return on investment (ROI).

The persuasive Middle East and Africa Essential Oil Market research report gives thorough idea about the current scenario of the Middle East and Africa market, recent developments, product launches, joint ventures, capacity, production value, mergers and acquisitions based on several market dynamics. This market report is sure to help businesses for the informed and better decisions thereby managing marketing of goods and services. The report is best to gain a competitive advantage in this quickly transforming marketplace. Transparent, reliable and extensive market information of the wide ranging Middle East and Africa Essential Oil Market report will definitely develop business and improve return on investment (ROI).

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Market Analysis and Size

The essential oils market is primarily driven by the health benefits they provide. As a result, the market witnessed rapid growth in its application, as they are now used in almost every industry, from food and beverage to medicines and animal feed, and personal care products.

Essential oils are concentrated extracts of plant parts such as leaves, herbs, and barks. These are volatile, aromatic plant essences with flavouring properties that make them extremely useful in food and beverage, cosmetics, home care and cleaning, aromatherapy, and fragrance applications.

Report Scope and Market Segmentation

REPORT METRIC DETAILS
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2014 – 2019)
Quantitative Units Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered Type (Singles, Blends), Products (Lavender Oil, Lemon Oil, Orange Oil, Frankincense, Chamomile Oil, Lime Oil, Rosemary, Tea Tree, Patchouli Oil, Lavandin Oil, Lemongrass Oil, Citronella Oil, Balsam, Bergamot, Mandarine Oil, Eucalyptus Oil, Clove Oil, Cedarwood Oil, Coriander Oil, Basil Oil, Cornmint Oil, Peppermint Oil, Spearmint Oil, Litsea Cubeba Oil, Others), Application (Spa & Relaxation, Cleaning & Home, Food & Beverages, Medical, Others), Extraction Method (Distillation, Cold Press Extraction, Carbon Dioxide Extraction, Solvent Extraction, Others), Distribution Channel (Direct, Retail),
Countries Covered UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
Market Players Covered GrainCorp (Australia), Malteurop (France), Rahr Corporation (U.S.), Boortmalt (Belgium), Indesso (Spain), Lipoid Kosmetic AG (Germany), The Herbarie at Stoney Hill Farm, Inc. (U.S.), International Flavors& Fragrances, Inc. (Netherlands), Bell Flavors & Fragrances (France), Rutland Biodynamics Ltd. (Scotland), Prakruti Products Pvt. Ltd (India), Ambe Phytoextracts Pvt. Ltd. (Austria), The Green Labs LLC (Netherlands), Berje, Inc. (Italy), Umalaxmi Organics Pvt. Ltd. (India), DSM (Netherlands)
Opportunities
  • Increased disposable income and standard of living
  • The variety of essential oil applications in personal care products is expanding rapidly

Drivers

  • Long shelf life as well as growing demand from personal care industry

Essential oil has a long shelf life because it does not oxidise or become rancid and does not degrade when subjected to high temperatures and pressure because of this property, it is used in a variety of skin care products, including moisturisers, facial cleansers, scar and stretch mark minimizers, and anti-acne gels, as well as hair care products, including conditioners, de-tangling creams, and hair regrowth serums.

  • The growing application in supplement and pharmaceutical industries

In addition, essential oil contains a variety of vitamins and minerals, including vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it is used as a diet supplement and as a key ingredient in several pharmaceutical products for the treatment of sores, cuts, bruises, burns, and athlete’s foot and warts. Furthermore, as some plants seeds can be cultivated after five years, leading companies are investing in R&D activities to develop innovative and cost-effective technologies to ensure a consistent supply of oil resources.

Opportunity

Increased disposable income and standard of living are the major factors driving the growth of the essential oil market; increased demand for personal care products drives the market rapidly. The variety of essential oil applications in personal care products is expanding rapidly, which is likely to create new opportunities for essential oil market manufacturers during the forecast period.

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Recent development

  • Firmenich completed the acquisition of Les Derives Résiniques et Terpeniques, a Middle East and Africa leader in developing and supplying high-quality, renewable, and naturally derived ingredients, in May 2020. This acquisition would position Firmenich as a leader in renewable ingredients for perfumery and other applications.
  • dôTERRA announced several new essential oil products and diffusers in October 2020 and three new wellness programmes to help people focus on their specific health goals.
  • Givaudan acquired Myrissi in February 2021. Givaudan’s long-term Fragrance & Beauty strategy would be aided by the acquisition of Myrissi. Their AI expertise would help Givaudan propose new organoleptic approaches to consumers.

Table of Content:

Section 01: executive summary

Section 02: scope of the report

Section 03: research methodology

Section 04: introduction

Section 05:  Middle East and Africa Essential Oil Market landscape

Section 06:  Middle East and Africa Essential Oil Market sizing

Section 07: five forces analysis

Section 08:  Middle East and Africa Essential Oil Market segmentation by Technology

Section 09:  Middle East and Africa Essential Oil Market segmentation by Application

Section 10: customer landscape

Section 11:  Middle East and Africa Essential Oil Market segmentation by end-user

Section 12: regional landscape

Section 13: decision framework

Section 14: drivers and challenges

Section 15:  Middle East and Africa Essential Oil Market trends

Section 16: competitive landscape

Section 17: company profiles

Section 18: appendix

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