What is Global Essential Oil and Floral Water Market?
The Global Essential Oil and Floral Water Market is a vast and dynamic industry that encompasses a wide range of products derived from various plant species. Essential oils are concentrated plant extracts that retain the natural smell and flavor, or "essence," of their source. They are obtained through distillation (via steam and/or water) or mechanical methods, such as cold pressing. Floral waters, also known as hydrosols, are by-products of the steam distillation process of plant materials. They contain the water-soluble constituents of the plant and have similar therapeutic properties to essential oils but are much less concentrated. The global market for these products is driven by increasing consumer preference for natural and organic products, growing awareness about the therapeutic properties of essential oils and floral waters, and rising demand from various end-use industries such as cosmetics, personal care, healthcare, aromatherapy, and food & beverages.
Essential Oil, Floral Water in the Global Essential Oil and Floral Water Market:
Essential oils and floral waters have a wide range of applications based on their unique properties. They are used in aromatherapy for their therapeutic benefits, in personal care and cosmetic products for their skin-enhancing properties, in food and beverages for their flavor and aroma, and in healthcare for their medicinal properties. Specialist retailers, factory outlets, and internet sales are the primary distribution channels for these products. Specialist retailers offer a wide range of essential oils and floral waters from various brands, providing consumers with the opportunity to compare and choose products based on their preferences. Factory outlets allow consumers to purchase products directly from the manufacturer, ensuring authenticity and quality. Internet sales have been growing rapidly due to the convenience of online shopping and the wide range of products available at competitive prices. Other distribution channels include supermarkets, department stores, and direct sales.
Specialist Retailers, Factory Outlets, Internet Sales, Others in the Global Essential Oil and Floral Water Market:
The global Essential Oil and Floral Water market has shown significant growth over the years. In 2023, the market was valued at US$ 11240 million and is projected to reach US$ 14840 million by 2030, growing at a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing consumer preference for natural and organic products, growing awareness about the therapeutic properties of essential oils and floral waters, and rising demand from various end-use industries. The market is dominated by major players such as Young Life, DōTERRA, L 'Occitan, and Clarin, which collectively accounted for around 15% of the global market share in 2019. Among the various products, essential oils hold the majority market share, accounting for approximately 85% of the total market value in 2019.
Global Essential Oil and Floral Water Market Outlook:
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| Report Metric | Details |
| Report Name | Essential Oil and Floral Water Market |
| Accounted market size in 2023 | US$ 11240 million |
| Forecasted market size in 2030 | US$ 14840 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Young Living, DōTERRA, L'Occitane, Clarins, AFU, CAMENAE, Jurlique, Yunnan Emerald Essence, The Body Shop, Jahwa, Plant Therapy |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
