United States Essential Oils Market

Market Overview: 

The United States essential oils market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.30% during 2024-2032. The significant expansion in the e-commerce and online retail channel, the implementation of favorable government regulations and initiatives focusing on natural and organic products, and the widespread adoption of essential oil in beauty and personal care products represent some of the key factors driving the market.

Essential oils are highly concentrated plant extracts that capture the natural aromatic compounds found in various parts of plants, including flowers, leaves, stems, and roots. They are known for their potent fragrance and therapeutic properties, making them popular in aromatherapy and holistic wellness practices. They involve meticulous processes to retain the aromatic essence and beneficial properties of the plants. Some commonly known methods are steam distillation, cold-press extraction, and solvent extraction carefully extract the volatile compounds responsible for the distinct scents and potential health benefits. Additionally, they are widely employed in aromatherapy to promote relaxation, reduce stress, and enhance mood. They are also utilized in skincare and beauty products for their potential benefits, such as moisturizing, soothing, and rejuvenating properties. Moreover, essential oils find their way into household cleaning products due to their natural antibacterial and antifungal properties. At present, essential oil is gaining immense traction and are diluted with carrier oils to ensure safe application.

United States Essential Oils Market Trends:

The market is primarily driven by the increasing awareness and adoption of natural and holistic wellness practices. In addition, health-conscious consumers seek alternatives to traditional pharmaceutical remedies, resulting in the adoption of essential oils due to their perceived therapeutic benefits, thus contributing to market growth. These oils, extracted from various plant sources, are often used for aromatherapy, massage, and even in household products. Moreover, the growing e-commerce sector and increasing internet penetration with the extensive use of online platforms offer manufacturers and retailers a global reach, allowing them to tap into a broader customer base representing another major growth-inducing factor. Along with this, consumers can conveniently purchase numerous essential oils from the comfort of their homes, the ease of comparison shopping, availability of product information, and seamless online transactions are facilitating the growth of online essential oil sales. Besides this, the increasing product use in the beauty and personal care industry is due to its antioxidant, antibacterial, and anti-inflammatory properties are further propelling the market growth. In line with this, the growing trend of tourism and spa culture is escalating the demand for essential oils for spa treatments and relaxation therapies often associated with relaxation, stress relief, and sensory indulgence, which are augmenting the market growth. Apart from this, several government initiatives and regulations related to natural and organic products provide a favorable environment for the growth of essential oils. Furthermore, the growing awareness among consumers seeking transparency and authenticity of essential oils, derived from plant sources due to their inclination toward natural and sustainable products is creating a positive market outlook.

United States Essential Oils Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States essential oils market report, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product, application, and sales channel.

Product Insights:

• Cedarwood Oil
• Eucalyptus Oil
• Lavender Oil
• Lemongrass Oil
• Rosemary Oil
• Tea Tree Oil
• Ylang Ylang Oil
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes cedarwood oil, eucalyptus oil, lavender oil, lemongrass oil, rosemary oil, tea tree oil, ylang-ylang oil, and others.

Application Insights:

• Medical
  • Pharmaceuticals
  • Nutraceuticals
• Food and Beverages
  • Bakery and Confectionery
  • Beverages
  • Meat, Poultry, and Seafood
  • Others
• Spa and Relaxation
  • Aromatherapy
  • Personal Care
  • Cosmetics
  • Toiletries
  • Others
• Cleaning
  • Kitchen Cleaners
  • Floor Cleaners
  • Bathroom Cleaner
  • Others
• Others
   

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes medical (pharmaceuticals, nutraceuticals), food and beverages (bakery and confectionery, beverages, meat, poultry, and seafood, and others), spa and relaxation (aromatherapy, personal care, cosmetics, toiletries, and others), cleaning (kitchen cleaners, floor cleaners, bathroom cleaner, and others), and others.

Sales Channel Insights:

• Offline Stores
• Online Stores
   

A detailed breakup and analysis of the market based on the sales channel has also been provided in the report. This includes offline stores and online stores.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Essential Oils Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States essential oils market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States essential oils market?
• What is the breakup of the United States essential oils market on the basis of product?
• What is the breakup of the United States essential oils market on the basis of application?
• What is the breakup of the United States essential oils market on the basis of sales channel?
• What are the various stages in the value chain of the United States essential oils market?
• What are the key driving factors and challenges in the United States essential oils market?
• What is the structure of the United States essential oils market and who are the key players?
• What is the degree of competition in the United States essential oils market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States essential oils market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the United States essential oils market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States essential oils industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.