Essential Oils Market Size in Europe (2020-2026) | Share, Industry Insights by Product, Application and Region

The Europe essential oils market size is anticipated to see considerable growth through 2026. Rising stress levels in daily life, especially during the global COVID-19 crisis, necessitates the use of multiple stress-relieving measures, such as aromatherapy, which calls for the use of essential oils for relaxation. Through the assessment timeframe, essential oils consumption will most likely be driven by rising consumer demand for natural ingredients in therapy oils.

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Essential oils are plant-derived compounds with colours, scents, and overall beneficial properties which make them an excellent alternative for skin care, hair care, and health care. Rosemary, lavender, rose, hyssop, roman chamomile, and clary sage are some most popular essential oils amongst Europeans.

Europe is one of the world's most influential food & beverage markets, providing significant growth opportunities for the essential oils industry. The growing geriatric population, alongside an increase in the number of cases of health problems such as cardiovascular disease, bronchitis, and Alzheimer's disease, is likely to see increased application of essential oils used in aromatherapy.

In 2019, the European essential oils market share from cosmetics and toiletries segment was estimated at more than USD 400 million. Consumer demand for natural oils in cosmetics and toiletries, as well as a reduction in reliance on synthetic ingredients, may increase the essential oils market share in cosmetics and toiletries applications. Essential oils such as lavender, rosemary, jasmine, and geranium are commonly used in cosmetic and hair care products.

The industry share from lemon essential oil segment dominated Europe market in 2019. This is because of increasing adoption of citrus-based essential oils in food & beverage applications, such as lemon essential oil and orange essential oil. Lemon essential oil exhibits a myriad health benefits, including fatigue management, mitigation of dangerous bacteria and viruses, and reduced skin inflammation. Their pivotal role in extending food shelf life is expected to drive essential oils market trends.

Leading essential oil manufacturers in Europe market include Edens Garden, REYNAUD & FILS, Lebermuth Inc, doterra, Robertet SA, FAROTTI SRL, H. Ungerer Limited, Dupont, Cargill Incorporated, LLC, Rocky Mountain Oils, Moksha, Givaudan, the Sydney Essential Oil Co., and Royal DSM. These companies are focusing on sustaining their market footprint via various R&D activities as well as new product launches.

Essential oils market share in Europe from fragrance application is estimated to cross USD 140 million through 2026. Growing usage of essential oils in the perfumes industry, owing to their soothing properties is likely to augment product demand. In 2018, the U.K., Germany, and France ranked amongst the top five fragrance industries in Europe. The shifting consumer inclination towards the adoption of superior-quality perfumery containing natural ingredients is expected to further fortify the product use.

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The European Union's increased attempts to defend the interests of essential oil producers are expected to create more awareness regarding product benefits. The key feature of essential oils is that they do not have any major side effects. Apart from that, they are known to strengthen hair, prevent acne, and mitigate headaches. Due to these advantages, they are being increasingly added to a host of hair care products, shampoos, conditioners, skin creams, moisturizers, and other cosmetic products, pushing Europe essential oils industry outlook.

Table of Contents (ToC) of the report:

Chapter 1          Methodology & Scope

1.1       Market definitions

1.2           Market assumptions & forecast parameters

1.3           Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2          Executive Summary

2.1       Europe Essential Oils market summary, 2015 - 2026

2.1.1     Business trends

2.1.2     Product trends

2.1.3     Source trends

2.1.4      Application trends

2.1.5     Country trends

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